Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes woolly backs are required, not sure how you sanitize a woolly back though..;o))
oil may take a fare while to recover and may even drop below $10 in the short term. Be careful !!
Just imagine December, some sort of normality and HALO relist at £1.50. That may be as good as it gets, id happily take that at this stage.
Hi MT
Hope you well mate thats all that matters at the mo.
I know its not time to think of making money but once the dust settles the market will bounce back it always does and those that have wool on there back will pick up some bargains.
Tullows Mcap today is..... 120m.
Not checked in for a while but I hope everyone is OK. With the recent hedging it looks like HALO are going to survive this which is all we can hope for I guess. Southern North sea gas is the right place to be for sure so fingers crossed. Thank fk we aren't listed !
Cheers Flundra
So glad we are not in this market at this moment in time. All looking good and now upsets as of yet.
https://haloil.co.uk/wp-content/uploads/2020/03/HALO-Operational-Update-090320.pdf
I suppose HALO might complete anyway, before the Nordic bond is issued, using cash and the expanded Engie facilities.
HNL's ability...
That financial sophistication only goes as far as Hank's ability to get this Nordic bond issue away and in a timely fashion. No bond, no ONE-Dyas deal, let alone a bolt on purchase opportunistically thanks to SOLO.
I agree rb. Also, structure and finance these deals cleverly, and a cast-off seemingly unattractive-looking asset could be made to pay off handsomely in time. That's where HALO, which is financially more sophisticated than many other smaller cap oilies, have a bit of an edge imo. More cash and an improvement in gas prices would help too of course!
I think every asset we’ve picked up so far has been on the cheap side, big companies want big profits or sell off to the smaller Oiler’s that’s the North Sea at the moment.
I wouldn’t be surprised if we attached one more before Re list who knows bar Mr C and Co.
Re Solo/ONE-Dyas, it sounds like there was a deal to be done. HALO are better funded, hedged, managed, and established. It might be they could make it work, particularly as they've already done one deal with ONE-Dyas subject to closure. Maybe now's the optimum time to pick up dirt cheap assets. Just a thought whilst this loooong wait goes on.
At least the markets seem a bit happier this week.
That deal looked bad from the start, SOLO were paying way over the odds IMO. This news could of course mean HALO pull out of their ONE-Dyas deal? The economics are just so bad right now, I just hope HALO survive long term so we can sell our shares !!
….should complete "early 2020".
And there's another One-Dyas asset available now after the abortive deal with SOLO. Of interest to HALO maybe?
https://www.lse.co.uk/rns/SOLO/transaction-update-and-restoration-of-trading-9giszwh1z1p92h4.html
The only good bit about being suspended is weeks when the markets like this.
Good afternoon all another good win for the Clarets today.
Next news should be the One deal complete.
Who knows what’s in Mr C’s head more cheap asset buys while gas price is at a year low.
Until some comes up with a new fuel solution gas should be the main power source for a few decades yet. A long time 3 years but think of it as a 1000% + savings scheme.
Sale or t/o always possible. It's hard to predict where HALO go from here imo. Officially we have a fairly firm and recent commitment to re-list this year and a strategy to build the SNS business with innovative funding. But we may well see a change in direction given the fast-moving issues and developments in the O&G space.
Goldman Sachs eg say the increasingly significant ESG issue is another disincentive for private O&G companies to go public.
Nor can I MTS. Best strategy is probably to concentrate on getting the funding right and hoover up some more cast off assets on the cheap. Bottom drawer share.
I can't see a re-list any time soon in the current climate, can you RB? This virus could affect prices for months.
This comment today by the BBC's Douglas Fraser on the BP/PMO deal seemed very apposite to HNL:
This transaction is one of several similar moves over recent years, in which big oil firms move out of maturing oil fields and smaller firms move in.
Big firms, such as BP, are judged by the efficiency with which they deploy capital. Projects measured in the multiple billions of dollars tend to offer bigger returns at scale. So raising capital from older assets, to go after bigger projects around the world, tends to be attractive to shareholders.
The smaller firms are in a niche market, targeting smaller reserves, and searching out new deposits around existing fields, which they can extract without having to invest heavily in new kit. They're being encouraged by the UK regulator, the Oil and Gas Authority, to maximise extraction.
The market in such asset sales has been lubricated by complex UK tax changes affecting liabilities for decommissioning equipment in the North Sea.
And such companies can only invest because they can secure the capital: this kind of transaction is seen as an encouraging sign of the financial health of this maturing "basin".
A further consideration for big firms, with public reputations to defend, is the growing pressure to leave oil and gas under the seabed. Some oil majors are making strategic shifts into renewable energy.
Small niche players in the North Sea are less vulnerable to climate change campaign pressure.
Donated
All if nothing else you do today is but to send this link below to any contact you know via any means you have may just give her a chance.
https://www.gofundme.com/f/save-caitlin?utm_medium=email&utm_source=product&utm_campaign=p_email%2B5332-donation-receipt-adyen&utm_content=internal
Man Utd 0-2 Burnley ho happy days
Next up. The One DYAS deal closes, with its associated bond financing. One step at a time lads.