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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Harbour Energy Plc | HBR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -1.00 | -0.39% | 256.20 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 256.50 | 254.90 | 260.50 | 256.20 | 257.20 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 09/12/2024 15:20 by luckyjoe999 Post from lse bbNeversellshell22 Posted in: HBR Posts: 3,538 Price: 247.20 No Opinion 7 Dec 2024 12:30 REASONS TO BE CHEERFUL...... Less profitable North Sea fields being sold. Appraisal well in Skarv field confirms discovery in Norwegian Sea. Andaman blocks issued to Harbour and Mubadala potentially 100m oil & 500b gas Fenix Argentina started production 2 months early. 70,000 boe/d capacity Gas export agreement signed in Argentina. 2 rigs working at undeveloped gas fields in Algeria from 2025 Tuna new partner soon leading to quick FID. Drilling rig in Norway booked until 2028 showing long term commitment. Talbot commenced production Successful appraisal at Sabina discovery. Gilderoy discovery in North Sea. Zama FEED due for competition very soon.. 32% Harbour. Kan appraisal nearing completion. 70% Harbour owned Harbour & others receive 243$ million for Carbon Capture & storage Project. Unit Opex 13-14$ Estimated revenue 3.1$ Billion to September Credit rating now Investment Grade. Fantastic refinancing 700$ million @ 3.8% till 2029, 900$ Million @4.3% till 2032 Bank of America confirms Harbour top oil pick for them. Wonder why? New COO Joining company in January Carlos Slim increases stake by 6 million shares & up stake in Talos Energy again Full year free cash flow 300$ million after divs etc Dividend now at 455$ million an 8% increase Great 85p Gas and 78$ Oil hedges in 2025 Gas at yearly high of 115p Production currently over 500k bopd equivalent 2025 Free Cash Flow huge increase on 2024 Trading Update in January & Investors Day next year. Latest presentation provided…. |
Posted at 07/11/2024 13:19 by cashisking76 Harbour Energy Presentation Today: |
Posted at 01/11/2024 09:44 by anhar I don't know about future gains but as an income investor with little interest in flucutating share prices, the trailing yield is about 7.3% which is pretty attractive to me, enhanced by the prospect of rising divis. So I too am happy to continue holding in my diversified income port. |
Posted at 02/10/2024 10:18 by bearnecessities33 Mexico's new president tells investors their money is safeMexico's new President Claudia Sheinbaum on Tuesday promised to protect the rights of investors as she took office as the country's first woman leader, following a backlash over recent judicial reforms. "I say this very clearly, be assured that the investments of national and foreign shareholders will be safe in our country," Sheinbaum said in an inaugural speech in Congress. She said that her government would "guarantee all freedoms" including those of expression, the press, assembly and movement. The reforms enacted by Sheinbaum's predecessor and close ally Andres Manuel Lopez Obrador will make Mexico the world's only country to elect all judges by popular vote. The changes, which critics argued would make it easier for politicians and organized crime to influence the courts, upset foreign investors as well as key trade partners the United States and Canada. US Ambassador Ken Salazar warned that the reforms would threaten a relationship that relies on investor confidence in the Mexican legal framework. |
Posted at 29/9/2024 17:44 by hawkey2 REASONS TO BE CHEERFUL...2 successful deep water appraisal wells confirm multi TCF discoveries in South Andaman New Andaman blocks issued to Harbour and Mubadala Fenix Argentina started production 2 months early. 70,000 boe/d capacity 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 around now. Zama FEED being advance. 32% Harbour. Egypt government looking to incentivise more foreign investment. CCS Project completes successful pilot phase. Viking CCS progressing to FID & massive potential with acquired projects. Fantastic refinancing 700$ million @ 3.8% till 2029, 900$ Million @4.3% till 2032 Bank of America confirms Harbour top oil pick for them. Wonder why? 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 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…. hxxps://www.harboure |
Posted at 19/9/2024 12:02 by monkeybusiness1 Yahoo Finance - Thu, 19 Sep 2024Is now the time to pile into cheap UK stocks? According to Goldman Sachs, UK stocks currently look cheap. The investment bank says a lack of “home-grown equity investing” has caused significant price differentials between domestic stocks and those, for example, in the US. It notes that the only major domestic buyers of UK shares have been companies themselves through buybacks. A case in point I believe there’s one member of the FTSE 250 that perfectly illustrates the different attitudes that investors appear to have towards UK and overseas stocks. On 3 September, Harbour Energy (LSE:HBR) was valued at £2.2bn. The oil and gas producer’s the largest operator in the North Sea. In 2023, it extracted 186 kboepd (thousand barrels of oil equivalent per day). At the time of writing — 11 trading days later — the company’s valued at £3.8bn. The increase can be explained by the completion of a deal that saw it acquire the upstream assets of Wintershall Dea, a group with fields in Norway, Argentina, North Africa and Germany. The combined group’s now worth 72% more than when its members were operating as standalone companies. A different scale However, in my opinion, this doesn’t accurately reflect the fact that Harbour Energy’s production is now expected to be around 500 kboepd. In other words, a 269% increase in output has seen ‘only’ a 72% boost to the group’s market-cap. And margins should also increase post-transaction. That’s because operating costs are expected to fall to $13-$14 boe from $16, in 2023. Overseas comparison I suspect if the company wasn’t based in the UK, it would achieve a higher valuation. Aker BP (420-440 kboepd) and Diamondback Energy (462-470 kboepd) are similar in size to Harbour Energy. But their current stock market valuations are much bigger — €12.1bn (£10.2bn) and $32bn (£24.2bn) respectively. Of course, there are many other factors that play a part here which means a direct comparison could be misleading. Operating margins, gearing and the level of reserves are just three. The location of production’s another. The UK government’s decision to tax North Sea profits at 75% (likely to be increased to 78% in October) has clearly weighed heavily on Harbour Energy’s share price. But I suspect much of this price differential is due to the stock markets on which they’re listed. However, if I wasn’t already a shareholder in Harbour Energy, I’d be strongly tempted to take a position. I’m aware of the risks of investing in the sector. Energy prices and therefore earnings can be volatile. And it’s one of the most dangerous industries in which to operate. However, I think the company’s healthy dividend — its current yield is 7.6% — is high enough to compensate for the risk. |
Posted at 11/9/2024 06:36 by monkeybusiness1 Yet Another bit of Fantastic News/HBR RNS Update here Today!Investment Grade credit ratings confirmed Harbour Energy plc is pleased to announce that following completion of the Wintershall Dea asset portfolio acquisition, S&P Global Ratings and Fitch Ratings have upgraded the Company's Issuer credit rating to BBB- and the issue rating on Harbour's $500 million senior unsecured notes to BBB-. In addition, Moody's Investors Service has assigned a Baa2 credit rating to Harbour. All ratings have stable outlooks. |
Posted at 09/9/2024 12:53 by monkeybusiness1 interactive investors 09 September 2024Insider: directors do deals at Harbour Energy, BP and Aviva The elevation of Harbour Energy (LON: HBR) into the big league of global oil and gas independents has been marked by one of its senior directors doubling his stake in the FTSE 250 company. Former Shell (LON: SHEL) finance boss Mike Henry’s investment of £58,000 took place a day after Harbour completed its transformational acquisition of upstream Wintershall Dea assets. The $11.2 billion deal added material positions in Norway, Germany, Argentina, Mexico and North Africa, trebling Harbour’s production to about 475,000 barrels of oil equivalent per day. Harbour, which last year delivered 15% of UK oil and gas production, now has Woodside, US-based Hess and Aker BP in its peer group rather than smaller Energean or Murphy Oil. It revealed the deal last year at a time when the introduction and subsequent extension of the government’s Energy Profits Levy had caused Harbour to review UK activities. The Wintershall acquisition is the fourth in the company’s 10-year history, having acquired Chrysaor Holdings and a package of UK North Sea assets from Shell for $3 billion in 2017. This was followed in 2019 by the acquisition of ConocoPhillips UK North Sea for $2.7 billion, making the company the UK’s largest oil and gas producer. In 2021, the all-share merger between Chrysaor and Premier Oil resulted in Harbour securing a London listing. Following Tuesday’s completion of the Wintershall acquisition, the company is now owned 45.5% by Harbour's legacy shareholders, 39.6% by BASF and 14.9% by investment business LetterOne. Harbour’s net debt on completion is about $4.5 billion. Harbour has reiterated its commitment to increase its annual dividend from $200 million to $455 million, meaning that shareholders can expect an approximate 5% increase from the 25 US cents a share paid in 2023 to 26.25 cents for 2024. The deal has the support of Bank of America after it said this summer that shares deserve to be 450p, which compares with 273.7p at Friday’s close. The bank forecast a 2025 free cash flow yield of 25% based on Brent Crude at $80 a barrel and still above 20% at $70 a barrel. It noted at the time that close peers Var Energi and Aker BP were trading at a 50% premium despite comparable cost bases and cash margin economics. Bank of America added: “We see Harbour’s equity story transformed with the Wintershall deal: tripling production, diversifying the portfolio, lowering its cost base and ultimately delivering a step change in cash flow visibility.” Henry, who is Harbour’s senior independent director, bought his 20,000 shares at an average price of 288.1p. It is his first purchase in almost two years, having previously picked up 10,000 Harbour shares in both August 2021 and October 2022. |
Posted at 03/9/2024 13:02 by pdosullivan This could well trade like Haleon did post its listing - two large shareholders providing an overhang over the share price. The flip side being that for patient long term investors it means a cheap share price until this overhang clears |
Posted at 10/5/2024 08:55 by onlylongterm9 Proactive Investors 09 May 2024Harbour Energy ‘on-track̵ Harbour Energy PLC (LSE:HBR) told investors it is on track to complete its transformational acquisition of Wintershall in the fourth quarter of 2024. The $11.2 billion deal was announced in December and will, when completed, add a catalogue of assets in Norway, Germany, Denmark, Argentina, Mexico, Egypt, Libya and Algeria. It will create “one of the world’s largest and most geographically diverse” independent oil and gas companies – with a combined production profile of over 500,000 barrels per day. Significantly for Harbour, which is the largest North Sea independent, it delivers a substantial diversification and eases exposure to the UK’s currently high fiscal regime for oil and gas. Today’s trading update confirmed Harbour was producing 172,000 barrels oil equivalent per day in the first quarter of 2024. Its operating costs averaged $18 per barrel. The company estimated $900 million of revenue for the quarter, after hedging for UK prices of $83 per barrel of oil and 69p per therm for gas. It maintained guidance for capital spending, with first-quarter capex seen at $250 million and full-year spend expected to reach $1.2 billion. Net debt halved compared to this time last year, reducing to $100 million at the end of March. Harbour is to pay a final 13 cents per share dividend for 2023, which the company noted was inline with its previously stated plan to payout $200 million for the year. The payment will be paid on 22 May. In terms of the Wintershall countdown, Harbour noted that it had made significant progress on the various workstreams and approvals required to complete within its timeline. Notably, it confirmed that it had executed necessary hedging (predominantly for oil) for the anticipated 2025 and 2026 production, in order to de-risk near-term cash flow. “During the first quarter, we continued to deliver safe and responsible operations, maximize the value of our UK production base and advance our organic growth projects,” Harbour chief executive Linda Cook said in a statement. “At the same time, we made significant progress towards completion of the Wintershall Dea acquisition which will transform our portfolio and capital structure and support enhanced and sustainable shareholder returns." |
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