Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
4% of stock is a lot of shares to release (over 36 million). Someone ha bought them. Wonder if it was EIG, after all Linda Cook is their senior advisor. Interesting when EIGs held stocks come out next week. If they start selling it might be time to take profits, if they are still building then hold on to your hats.
Forget about the old money, we’re a different company now. Back then we were a 500 million value company with over 2 billion debt. Yes, if oil/ gas prices had been higher we might have survived, if solan had wanted many hundreds of millions we might have survived, if COVID never happened we might have survived, if our Asian friends ARCM hadn’t shafted us we might have survived. Bad management and therefore here we are. Get over it, start from scratch, and let’s see how this new company fares, I think it’s gonna be good but forget about the old 150p prices, etc.
Pearls, interesting theory and you may well be correct. I’m assuming you are referring to the pmo creditors (eg our Asian friends) who were given a 15% stake after the merger. Didn’t someone post a message a while ago stating some of this 15% had been sold?. Would love to know how much of it was still held and by who. Been said in the past that perhaps EIG were adding to their holding. Suppose we can have the same question regarding the old creditors. As we know they don’t normally publicise it.
Why oh why…
Market manipulation?
Hbr bad news afoot?
This bleeding war having major impact on investments.?
Oil T $112
Gas at 430p per therm. Equates to over $300 per boe for no hedged. Even with current poor hedging It equates to over $140 per boe.
Above equates to $22 million per day revenue or $15 million per day FCF.
Why oh why
Anyone have an equation that works out boe prices. Last year HBR stated that they would be generating FCF at boe prices above $30-35. Interesting to see how much FCF being generated per boe with oil above $95 and the current high gas prices. Yes, if tolmount comes online it may mean an extra 10% in production (it being extra unhedged gas), but exactly how will that affect the average boe prices for Hbr and therefore extra FCF.
Oil… what we have to remember is that this is a new merged firm which has not produced a set of EOY figures yet. A lot of investors may well be waiting for those figures before deciding whether to invest or not. Those of us investing now are obviously taking a bit more of a gamble I suppose which we may regret or be very happy with ourselves.
You may well be correct. Sentiment following the EOY results will be important . We will have to wait and see. It may flounder or race uphill at speed and yes your 25000 car may be worth 15000 or might even be worth 50000. GLA.
Miles, Surfit, great comments.
You are so correct… we all invest in our own way and make our own decisions. None of us has a crystal ball . These are only just our opinions, we don’t know what might pop around the corner. DYOR. GLA.
Also….something to think about.
Let’s assume HBR even only produce 175kboe per day.
Even with current hedging , we are probably selling the oe at about $70-80, so let’s say revenue at $4.7 billion.
Operating cost at $15 per barrel - $1 billion.
Capital cost incl decomm est at 1.3 billion. According to HBR.
Dividend $200 million.
Debt payments including interest about 800-900 million.
Where does the remaining 1.3 billion go???
Only back of fag packet figures but if I were EIG I wouldn’t be selling my investment just yet.
Any comments on above figures?? Interesting to see EOY results. Above is based on 12 months production, don’t forget we are only 9 months into the merger.
Oil….you keep on mentioning creditors? I didn’t realise that EIG (36% holding being released) were classed as creditors. My understanding from the merger was that this EIG holding was made up of global investors, sovereign wealth funds, pension funds, etc. They are investors not creditors. The only 18% creditor shares were released sometime ago. Why if EIG investors agreed to hold over 1.2 billion $ after the merger would they sell at a loss in April ?