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Proper jokers on this forum? Really, Harbour is now 17.5p old PMO money. Before a few years ago when brent was above $60/$70 for prolonged periods.................PMO SP would normally range from 60p - 80p. Harbour Energy shareholders have every right to be extremely angry at the current SP/brent price - they've been sold out ,
What are you talking about , one blue day at +3% , after a huge - 8% last week followed by another -2%, HBR shouldn't even be this stupidly low , we're still like -6% vs other oilies within the last week and something stupid like -30% this month against other mid caps. Seriously this blue day is nothing. We need a +20% to be scrapping the barrel
I think PMO reached over 100p when Brent went to $80 before
This is the equivalent of 16-17p. This surely has to be the biggest gap between Brent and PMO/Harbour SP EVER.
What the hell happens to this share if brent drops back to $60 (20-30% drop)
The upside to brent is limited in the short term IMO
The only thing that is going to move this up is not share consolidation, not a trading update...
Only when harbour management can fix their rusty worn down assets and get them producing at the correct rate that they be. Until then, this is a shorter dream with 2.7BN in debt, ridiculously low hedges............and high inflation just around the corner ......
Also something like SeaLion, After Greta Thunbergs campaigns and move to green energy....how well will it go down to here pristine natural resources being exploited in south Atlantic
PMO has historically always fallen or been completely flat on results in recent years.............One time it even fell -10% on results day..............Would expect nothing different from this trading update
The only thing which I can remember which has caused PMO a huge spike was Zama news .
No way this is rising more than +4% on results day and much more likely to fall