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HBR Harbour Energy Plc

251.20
-1.40 (-0.55%)
Last Updated: 08:06:45
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Harbour Energy Plc LSE:HBR London Ordinary Share GB00BMBVGQ36 ORD 0.002P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.40 -0.55% 251.20 16,448 08:06:45
Bid Price Offer Price High Price Low Price Open Price
249.40 251.70 252.20 249.00 249.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
08:05:28 AT 828 251.20 GBX

Harbour Energy (HBR) Latest News

Harbour Energy (HBR) Discussions and Chat

Harbour Energy Forums and Chat

Date Time Title Posts
08/11/202411:11Harbour Energy PLC5,036
24/12/202317:26Share Issuance-
21/12/202316:38Harbour Energy 2021 and beyond363
15/6/202210:25Energy Profits Levy Discussion2
01/2/202215:02Rockhopper & Harbour Energy. Sea Lion to be signed over by 31st March 2022 RNS-

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Harbour Energy (HBR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:05:28251.208282,079.94AT
08:05:27251.306181,553.03AT
08:05:27251.801,6004,028.80AT
08:05:27251.406191,556.17AT
08:05:27251.404781,201.69AT

Harbour Energy (HBR) Top Chat Posts

Top Posts
Posted at 11/10/2024 09:56 by spacedust
Yip oil and gas prices spiking to the moon. Hbr share price down in the gutters
Posted at 07/10/2024 20:14 by spacedust
Meanreveter. All you need to know is that HBR share price will be around the 300p area for yrs to come. It's been around the 300p area for yrs.

All for no reason whatsoever
Posted at 12/9/2024 05:45 by luckyjoe999
Post from lse bb:

Neversellshell22
Posted in: HBR
Posts: 3,346
Price: 256.00
No Opinion
11 Sep 2024 22:00

REASONS TO BE CHEERFUL......(and patient)

2 successful deep water appraisal wells confirm multi TCF discoveries in South Andaman

New Andaman blocks issued to Harbour and Mubadala

Fenix Argentina field on production by end of year.

Tuna new partner great progress made expected soon leading to quick FID.

Drilling rig in Norway booked until 2028 showing long term commitment.

Talbot first oil end of 2024

Drilling started at Kan. 70% Harbour owned.

Harbour drilling Gilderoy & Jocelyn North imminently.

Zama FEED being advance. 32% Harbour.

CEO visits Egypt and commits to major investment to increase production.

Egypt government looking to incentivise more foreign investment.

Acorn CCS Project granted £2 million funding

Viking CCS progressing to FID & massive potential with acquired projects.

Company finance upgraded to Investment Grade.

New COO Joining company in January

Carlos Slim increases stake by 6 million shares & up stake in Talos Energy again

Unit Opex 13-14$

BASF & Letter One both 6 month lockin period to increase share price stability.

Dividend now at 455$ million an 8% increase

Third Avenue funds buys 2.8% of Harbour

Senior Director buys 20k shares.

Great 85p Gas and 78$ Oil hedges in 2025

Production approx. 500k

2025 Free Cash Flow huge increase on 2024

FT100 promotion to share price increase stability later in year.

New presentation provided….
Posted at 08/9/2024 10:27 by brazilnut1
Spacedust is absolutely correct despite what the "experts" on here say. share price bobbing about at 270p to 300p for around 2 1/2 years, huge promises of "will rocket", hasnt. All bluster about mergers, Zama, Egypt blah blah blah. share price falls on good news almost every time. Fact is that HBR are a poorly managed company promoted and relegated from FTSE100 twice, yes twice. Still the rampers say 550p - 700p is coming. Need a management change for that. Most of these old duffers will be dead when that happens, if ever. HBR are really no better than a secong tier producer and that's where they are. Keep telling it as it is Spacedust.
Posted at 02/9/2024 06:56 by luckyjoe999
Post from lse bb:

Neversellshell22
Posted in: HBR
Posts: 3,316
Price: 299.30
No Opinion
1 Sep 2024 20:04
REASONS TO BE CHEERFUL......Our time is near..!!!

Acquisition will be completed in coming days.

Harbour drilling Gilderoy & Jocelyn North imminently.

UK Gas price at 6 month high.

BASF & Letter One both 6 month lockin period to increase share price stability.

Kan drilling authorised and due to start any time. 70% Harbour owned.

Zama FEED being advance. 32% Harbour.

Tuna new partner expected soon leading to quick FID.

Drilling rig in Norway booked until 2028 showing long term commitment.

Talbot first oil end of 2024

Indonesia huge potential with another massive discovery at Tangkulo.

Fenix Argentina field on production by end of year.

Third Avenue funds buys 2.8% of Harbour

New COO Joining company in January

Carlos Slim increases stake to over 8% & up stake in Talos Energy

CEO visits Egypt and commits to major investment to increase production.

Egypt government looking to incentivise more foreign investment.

CEO and others increasing already big stake in company

£39 million positive cash position. No debt

Great 85p Gas and 78$ Oil hedgers in 2025

Production likely to exceed Currently production 511k BOPD, ahead of forecast

8% Year on Year dividend growth & paid 1 month early

2025 Free Cash Flow huge increase on 2024

FT100 promotion to share price increase stability later in year.

Investment Grade financing to reduce cost of borrowing

Acorn CCS Project granted £2 million funding

Viking CCS progressing to FID & massive potential with Wintershall projects.
Posted at 23/8/2024 07:27 by luckyjoe999
Now simply looking at the extremely low daily trading volumes here subsequently followed by large post market closure trades (and at considerably higher share price in recent days), I tend to also strongly agree with this/below stated post, upside potential here now by far exceeds any downside risks!

Post from lse bb:

Collingham13
Posted in: HBR
Posts: 46
Price: 278.10
No Opinion
22 Aug 2024 17:09
Share price manipulation

When we are all really cheesed right off with the share price and the last of us bale out, then we’ll see the share price turn round. I think that we are in the final “shake them out” phase now, so it’s a matter of keeping your nerve in my opinion. With a great dividend, a mega merger, a healthy balance sheet and great cash flow…..I am sticking with this one for the long term. AIMHO and good luck all.
Posted at 19/3/2024 16:13 by farmerjohn1
Yahoo Finance Tue, 19 March 2024

1 ex-FTSE 100 stock that I think will get promoted soon

Each quarter, the FTSE 100 and FTSE 250 have a reshuffle. Based on the rise and fall of the market cap of a stock, it could get promoted or relegated from either index. The largest companies sit in the FTSE 100. Here’s one firm that used to have a seat at the top table that I think could return shortly.

In the hot seat:

I’m talking about Harbour Energy (LSE:HBR). Back in late 2022, it was demoted out of the main index down to the FTSE 250, which is where it currently sits.

The business has been performing well recently, with the share price up 11% over the past year. Back in late December, the stock jumped on news that it had agreed to buy the upstream assets of German oil and gas producer Wintershall Dea. This gives Harbour Energy a much broader asset base around the world and will help for diversification purposes.

Habour Energy also has momentum when I consider the rising oil price. Brent crude recently hit levels not seen since last October and is above $81 per barrel right now. Should this continue to move higher into the summer, it should support higher earnings from the business.

Why promotion could be close:

From purely a numbers stand point, the stock could be due to rise up to the FTSE 100 soon. It currently has a market cap of £2.14bn. In comparison, St. James’s Place (which is in the FTSE 100) has a market cap of £2.33bn. Obviously we’ll have to wait for the final figures come the next quarterly rebalancing, but it’s clear that Harbour Energy isn’t far away.

Even if it doesn’t quite make it this time, the trajectory of the share price should mean that it will get to the top table at some point this year. Granted, past performance is no guarantee of future returns. But if the share price keeps rising, the market cap should also increase. As a result, this should help it to be in contention versus FTSE 100 stocks that are falling in value.

How it could help the share price:

One of the benefits that a promotion would bring is the buying demand from index funds. A FTSE 100 index fund has to purchase any new stock, and sell any that get demoted. This naturally acts to help the share price, at least in the short term.

Even though FTSE 250 index funds would sell Harbour Energy shares in this case, the index tracker market for the FTSE 100 is vastly larger than the FTSE 250.

Further, getting back to the FTSE 100 would give Harbour Energy more publicity and potentially open it up to new investors. For example, I know some of my friends that only want to invest in the main index.

Of course, I shouldn’t simply buy the stock because it might get promoted. Rather, this is a side benefit. The main reason I’d look to buy would be due to the fundamentals of the business. As a result, it’s a stock that I’m thinking about buying shortly.
Posted at 06/1/2024 21:12 by popit
Can anyone explain the price history for HBR shares?

According to the Google Finance chart, HBR shares were trading at over £70 in May 2008, and at over £100 a few years later

So have HBR shares really fallen by 97% since then?

Or is there some other explanation for this fall in the HBR share price from £100 to £3 ?

And does anyone know what the highest Market Cap for HBR was approximately?

If the share price was £100 a few years ago then that would have been a Market Cap of £80 billion if there were approximately 800 million shares or the same number of shares as today

HBR did not have a Market Cap of £80 billion a few years ago so can anyone explain how the HBR share price was over £100 a few years ago?
Posted at 05/1/2024 10:20 by farmerjohn1
By James Beard, The Motley Fool, 5 January:

This FTSE 250 stock could soar 30% in 2024!

Our writer explains why he’s expecting big things — over the next 12 months — from the stock of the FTSE 250’s largest oil and gas producer.

Harbour Energy (LSE:HBR) was the second-best performer on the FTSE 250 in December 2023.

Its shares ended the month 38% higher, largely due to the announcement of an acquisition that will transform the scale of the energy producer.

But I think the stock has the potential to climb higher.

If my reasoning is correct, it could soar by 30% in 2024.

Here’s why.

The sum of the parts

On 21 December 2023, Harbour announced that it was to acquire the upstream assets of Wintershall Dea in a deal worth $11.2bn (£8.86bn at current exchange rates).

The transaction will be funded through a combination of cash (£1.71bn), the issue of new shares (£3.28bn), and the taking on of some of Wintershall’s debt (£3.87bn).

Prior to the news being released, Harbour was valued by the stock market at £1.89bn.

Therefore, in theory, the new group should be worth £6.88bn — the combined pre-acquisition value of both companies (£10.75bn) less the value of the loan notes.

The current owners of Wintershall will receive 921.2m new shares, bringing the total post-transaction number in issue to approximately 1.69bn.

The share price should therefore be 407p — a premium of approximately 30% to its current value.

Am I missing something?

But this begs the question, why are Harbour’s shares still changing hands for around 315p?

I think there are six possible explanations for this.

Firstly, the deal has yet to be finalised. Completion is not expected until the final quarter of 2024.

Second, the acquisition is to be part-funded through the issue of new shares, which have been valued at 360p. Although higher than today’s share price, it’s still well below my theoretical price.

The third reason could be that profits from the North Sea are subject to a huge tax rate of 75%. And there’s no commitment from the UK’s two largest political parties to reduce this.

Next, earnings from the oil and gas industry are notoriously volatile.

Fifthly, ethical investors don’t want anything to do with the sector.

And finally, the target company is privately owned. There’s less information in the public domain about its financial performance. It might take investors some time to assess whether the deal is a good one.

To try and help overcome this problem, figures have been produced by the two companies illustrating what the group would have looked like in 2022. Combined EBITDAX (earnings before interest, tax, depreciation, amortisation, and exploration costs) would have been $10.3bn (£8.15bn) for the 12 months ended 31 December 2022.

That’s a 157% uplift on Harbour’s earnings.

If its pre-acquisition share price was increased by the same amount, its stock would be changing hands for over 600p!

Some final thoughts

Setting aside the issue of what the fair value of the new group should be, the directors have promised to increase the dividend per share by 5%.

And there will be other benefits too.

The deal will help expand Harbour’s geographical footprint.

Also, its reserves will more than double.

And it will lower the operating cost per barrel of oil equivalent by over 25%.

Even if the share price doesn’t get close to 407p, as an existing shareholder, I’ll be happy with the additional passive income. The improved earnings potential should also help ensure that the dividend is sustainable over the long term.
Posted at 29/12/2023 12:16 by luckyjoe999
Post from lse bb today:

miles44
Posts: 442
Price: 309.30
No Opinion
RE: 6 week coil chart pattern
Today 11:24

I honestly thought that the share price would go substantially lower from the highs of around 315 because the majority of market participants between Christmas and New Year (calm period) normally are us retail investors. And I thought that at least some will be ready to sell part of their holding (or all) and personally know some former holders who sold just because their old sell limit got activated the day it rose 31 %. As for the BIG money to flow in that´s going to happen in the first 2 weeks of January. Fund managers aren´t active right now and as Linda stated the 21st, even some analysts had to be reactivated for the webcast, already being in Christmas holidays. So no-one should over-estimate any "share price movement" since the 21st - the only thing that has actually happened is that the share price has astonishingly held up very nicely which for me indicates that at least 1 or 2 major market participants are collecting some shares at current prices. As I said: the big money is going to get active on this stock in the first 2 weeks of January. And lets see what share prices we´ll see then ... you all have a good, happy and successful 2024 :) Was a pleasure writing with all :) Fingers crossed for HBR 600 p in 2024 :)
Harbour Energy share price data is direct from the London Stock Exchange

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