Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Sorry just looked at the earlier posts ... so all good.
Can someone explain what happens on the 1st April when this becomes Harbour Energy ... ant news on the expected share price yet??sorry if this has been asked already .
24p support now turned to resistance.
EMA50 support about to go.. be careful.
Investing in pmo is a great way to learn from your mistakes, which in my case is very many times, or not learn . Que cera cera
Well guess in two more days we will find out what if any of those analysts were correct. Wide range between 21 and 30p. Or maybe where it is now is the true value. Find out soon.
Just want to acknowledge that I got it wrong re timing of suspension of Premier shares prior to readmission on 1 April and Kraken was correct.
Important to understand, acknowledge and learn from your mistakes.
Been a while and possibly still a bit heart over head, but looking to get back into the new entity at current levels. The OPEC + meeting will rollover production cuts on Thursday and their push for a higher price policy will keep the dips shallow (caveat of the extra Iranian barrels finding their way to China and yesterday’s 25 year oil for investment deal that could derail the cartel further down the tracks) . But in the short term at least they have the market’s back and last weeks pullback will give them more fuel to their cautious approach. Managed money length decreased but is still at a decent number in oil contracts, as the macro inflation trade still dominates. US infrastructure spending will be colossal, supporting commodities although the stronger dollar giving commodities a bit of a headwind. Global demand recovery slowing a bit as Europe enters more lock downs and the aviation sector struggles, but there is plenty of pent up demand. Charts back above key level and personally see a push back to the $70 equilibrium. Last move had got a little ahead of itself.
The new structure of premier without the debt shackles (although not free of the creditors and shares to offload) allows a fresh start and in the low 20s see chance of getting a good few percent in the medium term. In the 30s and I will leave it alone. Let’s hope that they haven’t been forced to hedge too many barrels at lower levels. Good Luck all
And another point, people should take advice firm the professionals like peel hunt ( yes hunt ). The know what they are talking about, and Motley Fool crew - another professional outfit in the investment community. Cant go wrong.
Que cera cera , whatever will be will be. That is very true. It always is. Porsche arriving later than it should. Que cera cera !
that people are listening to, and taking advice from wannabe stock analysts who haven't got a clue what is going to happen, they even told us this stock would be suspended yesterday, oh really? don't think so, my advice is simple, what will be will be, and there ain't no changing that, gla.
Ps, with personal no plate: IP 1. Stands for Iron Pyrite. Look it up.
Not black, special order, gold, "fools gold " !
Thanks, stevo12, that's all very well and good, but I have my Porsche 911 on order in new tax year in the expectation of at least 32p as we deserve that, so its poor form to make me wait. I want that car, now !
Reasons for difference between lundin,/ Aker BP and Harbour share price:
1. We don’t pay a dividend yet.
2. We have 3 billion shares held by distressed debt investors who want to sell and have been selling in advance of merger completion via shorts
3. We have not yet published a set of consolidated results proving the revenue and profitability of new group
We also have advantages such as lower UK tax rates than Norway and Sweden and also benefit of Pmo tax losses.
The good news is that the three big factors holding back harbour share price relative to peers will all fall away by Q3.
New company not launched yet Blade! What has held this share back over last couple of weeks us the size of the pre-selling of creditor shares via shorts. Increase again last week and how over 172m shares shorted. While I predicted the shorts will largely close by end of this week or early next, we will still have downward price pressure with creditor shares sold into every rise until majority of shares held by equity funds. Need to prepare for and exploit volatility until underlying value is unlocked in Q3.
If he is equivalent to lundin, then sp should be 37 p based on lundin m cap today being 80bn sk, which equates to 6.6 bn in gbp, divided by 18bn shares is 37p. So why mm, s have this at 24p ? Anyone know ?
Back in again with a lump @24.5, having been out for a while.
It's a bit like having a fairground ticket to the new ghost Train ride!
Gooooood luck folks, hold on tight ..
cut about 40% money is better else where
Been on chat board holiday since results day and have register disappointment at not meeting stevo,s nailed on 30 p sp on new co launch. I thought it was nailed on too, sadlywe were all wrong again. I hope new name will harbour better fortunes. Hope so. Gla on Thursday.
good call or what!
If you read the board or RNS there's lots of info about all of this, 1 share of HE per 1 held for PMO.
Probably alot of volatility for a couple months until things settle with creditors and valuations. Oil not being sturdy causes discomfort to a lot of investors so if that can settle and lockdowns throughout the planet lift we're hoping to see gains throughout the year imo.
So this may sound like a stupid question but what happens to my pmo shares once they join harbour ?
Evergreen on the move soon unblocking Suez.