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stevo im 35k up on the 30days drop by the page and i will bring up the stats https://www.youtube.com/watch?v=cEhf9_wvB-M
POO could soar :-) , where there's muck there's brass
Rocky
Sorry to see you are losing money on almost all of your trades. Fingers crossed some of these positions will turn around for you. Keep the faith on PMO/ Harbour but i would recommend taking out a few more long positions when share price hits 22p in April and then going short at 32p. you should be able to rinse and repeat that trade several times over April and May. Volatility might be slightly tighter 24p-30p range - we will see when trading starts in Early April.
I am a LTH by nature and an occasional trader when odds are stacked in my favour. Traded Oil from April lows and will be trading Harbour volatility until 3billion creditor shares flush through.
Pearls; This 26p threshold we are hovering over was highlighted very clearly by you months ago and it seems that you were spot on; for your doubters... look back on the posts! Hat's off to good information sharing.
On a fresh note: I'm certain the Somalian pirates will see this as a huge opportunity to make a kill on the large fleet by adopting some hindering tactics (if not hijack). Watch that space! POO could SOAR!!
GLA for next week
According to Jefferies, they forecast a 30p starting price for Premier.
That seems about right to me!
Krak
I absolutely believe Harbour will be worth at least £7b by Q3 (valuing PMO shareholders’ 5% at £350m minimum).
I also believe there are going to be opportunities to buy in post 1 April at below the current share price unless Oil takes an upwards only trajectory from today. There will likely be a significant disconnect between value and share price during the next 2-3 months as creditors sell their shares. As a PI we are competing in a loaded casino with odds in favour of the institutional investors. There are rare occasions when agility and non-algorithm driven trading can benefit a PI. This time is coming for us over next 2-3 months with Harbour. Buy the dips and sell the highs on what is going to be a stormy ocean and let’s see the little guys making some money for a change
any my youtube strream is live now its not a clip theres a few seconds lag https://www.youtube.com/watch?v=cEhf9_wvB-M
24 hours old on the last trading day of a company existing is relevant. l2 data and volume says it all right now
So.would I be right in thinking it can't be any less than the current market cap so can't lose really?
Rocky
Only 24 hour lag which is the time required for large shorts to report their positions. Your YouTube clip is of a trading position several weeks old.
Agree these are only the large shorts but they make up the vast majority of short positions.
Thankfully it will all be irrelevant from Wednesday as shorts will close very quickly. Never want to talk about shorts again unless it is the sexy denim ones I will be wearing this summer. However the downward pressure in share price of 170m short positions will be replaced for a few months by 3 billion creditor shares being sold. Need to hang on tight in April and May, going to be a rollercoaster ride.
Make your mind up time, Buy or not to buy, if you think today’s Mcap is 5% of the value of the new company then you best not buy in today, but if you think 5% of the new company is worth around £350m (like I do ) then it’s a no brainier BUY.
I’m loaded up .... see you all on the other side
look at l2 only shorts over .5 % are disclosed on short tracker also there is a large lag
No they are not. If you click on “PMO short position” tab above you will see that shorts have continued to increase this week and have increased by over 50 million in last 2 months. While this has kept a lid on the share price, these shorts are effectively the debt holders pre-selling their creditor shares.
Today is the last day for the debt holders to pre-sell their creditor shares via shorts. From Wednesday the shorts will close very quickly as the new creditor shares are used to close the shorts. I predicted that all or almost all of the 170m shorts will have been closed by mid April (many will close by end of next week)
However I can see a rising share price today resulting in more pre-selling of creditor shares which might cap any gains today.
RIP PMO as we celebrate the birth of Harbour Energy. It is going to be a very different journey going forward - Well capitalised business with investment grade debt, significant cash flow to focus on profitable growth, a highly competent Board and most importantly alignment of interest. Harbour shareholders (who own 77% of group) and are locked in for between 6-12 months and want the same as us -a rising share price. No more creditors calling the shots.
Extra shipping delays for ships queuing in the Mediterranean is actually around 30 days, not ten. And it depends very much on a vessel’s speed especially over long unintended routes. Any ship will have to give the south Western African coast a wide berth due to dangerous eddies
slowly but unloading
https://www.youtube.com/watch?v=cEhf9_wvB-M
Not necessarily good or bad for Oil tbh, Production of oil hasn't slowed, only the transportation of it. Tons of storage of oil in USA anyway, they aren't going to run out of oil
Awful lot more risk of pirates going round the cape, as the Suez is somewhat occasionally patrolled by UK Navy boats.
I believe it adds 10 days to the shipping costs so it will eventually lead to price increases in whatever is shipped.
An extra 18,000km approx, thats 1.) going to take a long time 2.) cost a lot of money 3.) be a more perilous sea journey
Looks like this is becoming a major disaster for shipping but should be a major boost for oil. And unless they move the ship on Monday it will otherwise take weeks to remove it.
That one tractor supplied by the Egyptians is hard at work!
Suspended on Monday I believe so today’s the last day to take a position before we become Harbour.
And the POO is rising nicely this morning......
could we move past 30p today with shorts closing positions
https://www.youtube.com/watch?v=cEhf9_wvB-M
I’m an expert at selling at the bottom! So this could be fun !!
Lol Sauer. Everybody know the real reason for the new £50 note is to flush out all the old ones stashed under people mattresses and boosts the economy. The world is already digital.