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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
|
|
|---|---|---|---|---|
| 9.30 | 4.04% | 239.70 | 16:35:08 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 234.20 | 233.80 | 240.90 | 239.70 | 230.40 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 24/1/2025 11:17 by wskill Well said kibes my views entirely crypto is a ponzi scheme and its being left unregulated for a good reason, its a first line of defence when people realize fiat currencies have little value at that point crypto will get more regulation than it can handle forcing investors back into fiat currency. |
Posted at 22/1/2025 14:25 by bearnecessities33 Investors craving energy plays in 2025 may wish to consider this 8%-yielding UK stockHarbour Energy is a UK stock with a diversified portfolio and yield level that may appeal to investors seeking traditional energy plays this year. Traditional energy companies have been buoyed by rising prices and Donald Trump’s pro-oil US presidency at the start of the year. In this market climate, high-yield UK stock Harbour Energy (LSE: HBR) might be an option to consider for those eyeing returns as well as price appreciation. Admittedly, the field of energy companies wooing investors is very competitive these days. It doesn’t help that Harbour Energy grabbed headlines due to its North Sea exposure. Operators, like the company, were clobbered last summer with heavy taxation by the UK’s Labour government for North Sea production. But there’s more to the company and its performance. Not just the North Sea At the start of 2025, Harbour Energy remains the largest London-listed independent oil company. It has a geographically diverse portfolio comprising assets in Argentina, Mexico, North Africa and Southeast Asia. These sit alongside assets in Germany, and British and Norwegian North Sea holdings. The company’s current global production level is around 475,000 barrels of oil equivalent per day, enabling it to offer income-chasing investors a near 8% yield. A well-respected board and CEO Linda Cook have overseen its expansion over the last four years via both organic and acquisitive growth. Their latest strategic play was the acquisition of Wintershall Dea last year for $11.2bn. Operational discipline In the six months to January, marked by declining oil prices, Harbour Energy saw its share price fall by around 5%. But over the same period, this compares favourably with its peers along with UK majors Shell and BP, with both posting declines of 3% and 6% respectively. The first three weeks of January also saw Harbour Energy’s share price rise by 11%, bringing it close to the 300p mark. It hit a 52-week high of 333p in May before oil price volatility and changes to North Sea taxation knocked investor confidence. Harbour Energy has since been trying to regain it. The company’s net debt has decreased significantly in recent years. It expects to have a net cash position by the end of 2025. Unsurprisingly, dividends have slowly but steadily increased since March 2022. Market rumours are also rife about Harbour Energy moving its primary listing to the US, giving the energy stock further positive vibes. The company has dismissed the rumours. Instead, it is pursuing an investment-grade credit rating (i.e. bond or other form of debt vehicle / security with a low default risk), through financial and operational discipline. What’s not to like? There is a lot to like about Harbour Energy, but caution is still merited. As trading in 2024 demonstrated, direction of oil and gas prices will impact the company’s share price no matter how operationally disciplined it is. A US listing, should it happen, is not always a one-way ticket to a higher valuation, as Diversified Energy Company recently found out. Some may also find Harbour Energy’s risk versus reward profile to be too timid or conservative, with other small-to-mid sized oil and gas stocks offering greater potential for price appreciation. On balance, this high-yield energy midcap UK stock with a low risk profile strikes the right note for me, and I will be adding more of it to my portfolio. |
Posted at 14/1/2025 21:21 by thecomposer HBR’s next “Trading & Operations Update” here is actually on 23 January, and hopefully now with nicely higher/rising O&G prices along with our excellent assets, it’s a very positive one, fingers crossed. |
Posted at 01/1/2025 13:07 by luckyjoe999 Post from lse bb today:Neversellshell22 Posted in: HBR Posts: 3,557 Price: 255.40 No Opinion Today 07:59 REASONS TO BE CHEERFUL 2025......... Less profitable North Sea fields being sold. Appraisal well in Skarv field confirms discovery in Norwegian Sea. Gilderoy and Jocelyn discoveries in North Sea. Talbot gas field commenced production end of November. Successful appraisal at Sabina discovery. Maria Phase 2 start up to commence production in 2025 3 new wells on stream this quarter, Njord, Amanda and Gt Brittania area. Drilling rig in Norway booked until 2028 showing long term commitment. Successful Multi-well exploration and appraisal campaign completed at Andaman Extra 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. Drilling at 2 undeveloped gas fields in Regane Nord Algeria to commence in 2025 2 rigs working at undeveloped gas fields in Algeria from 2025 New Tuna partner (Indonesia) expected soon leading to quick FID. Harbour plans big expansion plans in Egypt. Kan appraisal completed. 70% Harbour owned Zama FEED due for competition very soon.. 32% Harbour. Polok and Chinwol feeds commenced. Very positive noises from Mexico regarding speedy development of Zama. Carlos Slim increases stake by 6 million shares & increases stake in Talos Energy again Harbour & others receive 243$ million for Carbon Capture & storage Project. Industry leading emissions intensity Unit Opex 13-14$ Revenue to September 3.1$ Billion. Fantastic refinancing 700$ million @ 3.8% till 2029, 900$ Million @4.3% till 2032 Credit rating now investment Grade. Bank of America confirms Harbour top oil pick for them. Wonder why? New COO Joined company in January. Full year free cash flow 300$ million after divs etc Future Dividend conformed at 455$ million, an 8% increase Great 85p Gas and 78$ Oil hedges in 2025 Gas at yearly high of 124p Production currently over 500k bopd equivalent 2025 Free Cash Flow huge increase on 2024 Next update 23rd January Latest presentation provided…. |
Posted at 26/12/2024 07:47 by farmerjohn1 Upstream 24 December 2024Harbour makes second UK North Sea discovery of 2024 Operators have made four discoveries in the UK North Sea in 2024, despite exploration drilling slowing in recent years Harbour Energy has made a gas condensate find at its Jocelyn South exploration well in its UK North Sea production hub J-Area, the operator’s second hydrocarbons discovery in the region this year. The operator announced plans in August this year to drill the well in its Block 30/07a, located in the central North Sea. Partner Ithaca Energy told investors on Tuesday that gas condensate was encountered in the Joanne sandstone reservoir, with a provisional net pay thickness in the well of 434 feet, measured depth. |
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 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 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. |
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