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Harbour state they have a free cash flow break even of just $30 to 35 so and current prices they are hugely profitable. They have reported they expect to achieve 200 to 215kboepd so as a conservative estimate I have calculated a free cash flow of over 1bln. To me at a current market cap of 3.8bln is massively undervalued, especially when compared to a similar company Aker bp who have over double the market cap! It would be crazy for anyone to short harbour at these levels in my opinion. But with the oil and gas industry, companies are highly dependent on the oil and gas price.
Okay thanks for the response Ivanabeetu, you said there expects to be no shorts with harbour energy at this price, why is that ? I'm thinking that merging with another company can only mean Premier Oil was viewed as salvageable/not a basket case
Fomo, the shorts on pmo were from the creditors so not your typical shorter. It was purely a hedge as they were due a hundreds of millions of shares following the merger so they would much rather the price rose. There expect there to be no shorts in Harbour at this price.
Seems like unfair short interest from some articles I was reading on this. Assume shorts have to close in this situation ?
Was looking at short tracker, seems they closed a 6.19% short position ... not in this share or know much about it but clearly not doing well despite being oil/re-opening type sector; is this because there is some signs of recovery or it is really going badly and need to get out of short before the share price is zero ?
Hi, does anyone know how the PMO retail bond were split in the end and if potential additional shares were given?
H and l should be transferred Tuesday, Diageo already done yesterday.
My pmo shares have been converted to hbr shares on ii just recently.
Wheels within wheels. The regulator just wants his take home pay.
The reverse takeover of PMO by Chrysaor private equity firm despite all brouhaha has been very disappointing in London but perhaps more so on NASDAQ Stock Exchange where it traded 15% below PMO market price on 31 March 2021.
I am not clear why PMO share price was in reverse gear on Wednesday 31st March and Thursday ( April's Fool's Day ) when its price on the London Stock Exchange collapsed to 18 pence at one point although it recovered to 20.64 at the close of business.
In an age of free access to public information, it is incumbent on the Board of Directors to disclose all information and explain in a simple language about the poor performance of the share price on the very day of its change in name. Harbour Energy's share price seems to have been odd for two consecutive days and I wonder whether its value was artificially manipulated by the market makers or by other undetected influencers. Who oversees unusual price movement on the London Stock Exchange and takes sanctions against any malpractices?
I did say back in Dec that PMO would be worth c18 pence per share at time of Harbour re-issue but I was told to stop posting . I will invest back in once the dust has settled a little - I am only aiming for a c20% gain, however.
Is there any reason nobody seems to use Trading212, I have been using them to buy PMO and now today they have changed to HBR and i bought some more. Kind of new to this and just wondering as when this thread shows some company's not listing HBR Trading212 seemed to be straight away?
Mine hasnt been converted yet with HL. Still shown as PMO.
Has anyone got old PMO shares exchanged to new Harbour Energy shares? If yes, what ratio?
I have an account with HL - it seems they're dragging on.
Thanks
And me
I'm with the Halifax and my PMO shares have relisted as HBR. I tried a dummy buy and that looked like it was going to work.
Have a good Easter everyone.
Always the same with virtually all platforms when such actions occur.You would have thought somebody would have figured out a plan to help maintain constant trading for the lowly retail pi by now!
I wish I could. My II account disabled PMO shares (value £0.00) but not converted into HBR... That's a tragic service from II
According to tradingview.com Harbour energy was 900p per share in 2007, but it only existed from today, interestingly today its gapped down from 427p to 21p presumably reflecting the 5% holding of existing pmo holders, so true valuation of entiere comapny is 427p.....anyway what this has done is made the chart practically unreadbale, along with my shares being STILL suspended and price dropping 10% its not been the smoothest of rides and just goes to show that the average PI is always the one to get shafted.
New board open reply directly through that :
https://www.lse.co.uk/ShareChat.asp?shareTicker=HBR&share=Harbour-Energy
Also with Halifax. No problem. Bought more this morning.
I trade my isa using Halifax. All looks fine, shares shown as HBR.
Wow. Did not see this coming. What are your thoughts. I am definitely going to hold and hopefully things will get better. Positive vibes fingers crossed
Glad I'm paying such expensive rates for such an expensive service...