I reckon Harbour Energy saved their bacon. They still have a debt of 3 bill with a total capital of 15bill.
The large projects they have promised, we are still waiting for to come on line.
I would sleep a lot easier at night if they decided to reduce some debt, because if for some reason interest rates turn around, there would be allot of share holders heading for the door and the vultures would start circling again!
Ann: Change of Director's Interest Notice, page-21
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