Harbour Energy Share Discussion Threads

[llef] 17/9/2024 12:28

lostit, I looked it up, and if my memory is correct, I think Brent has to average less than 72 USD for 2 consecutive quarters, and crucially, UK Gas has to average less than 58p for 2 consecutive quarters.

the 72USD and 58p are index linked starting in 2024 I think

[milliecusto] 17/9/2024 11:52

Sore loser?im happy with my investment m, ur the one moaning several times a day, pathetic

[spacedust] 17/9/2024 09:11

Haha you're such a sore loser minicokshu.

Hbr late to the party. Has to rose at some point it was inevitable

[milliecusto] 16/9/2024 23:28

Always follow the money

[milliecusto] 16/9/2024 23:27

Ur a pathetic whinging poor excuse of a man

[lostit] 16/9/2024 19:26

Has anyone any clue as to how the floor on the Brent OP kicks in for the EPL not to count?

[spacedust] 16/9/2024 16:47

Once again oil up
Oil shares up
BP up
Cairn up
Sqz up
Tlw up

Hbr down with excellent news.

[spacedust] 16/9/2024 14:50

More good news = more share price decline

[thecomposer] 16/9/2024 13:28

Carlos Slim & Family have once again increased their stake in Harbour Energy, please see today’s HBR RNS for relating details!

[spacedust] 16/9/2024 13:00

Oh great more great fantastic news. Sp decline.

More of that to come

[monkeybusiness1] 16/9/2024 10:05

Harbour Energy expects consolidation to continue in Mexican offshore

Harbour Energy, Mexico's largest private oil company in terms of reserves, expects players in the Mexican upstream to join forces to develop the country's offshore oil and gas resources.

"There is going to be a very interesting strategic process here in Mexico," Gustavo Baquero, the company's managing director for Mexico, said on Thursday at an oil and gas conference organized by industry association Amexhi. "A process of consolidation is taking place."

While many major international oil companies have left Mexico, mid-sized players such as UK-based Harbour Energy have increased their presence in the country's offshore.

In Mexico's promising southeast basin in the Gulf of Mexico, companies will need to work together to develop their discoveries using tiebacks and shared infrastructure, Baquero said.

"There are some discoveries of significant size but there are other discoveries that will need to be connected to infrastructure that is yet to be built."

"Everything is still to be decided. There are companies that are leaving, there are opportunities for those who want to enter... we can't do it alone."

Alongside Harbour and national oil company Pemex, the main players in the basin include Eni, Repsol, Woodside, Houston-based Talos Energy and Carlos Slim's Grupo Carso.

Harbour is currently drilling in the Kan prospect in the southeast basin. It also holds a 32% stake in the large Zama discovery. In Repsol-operated block 29, where two deepwater discoveries have been made, Harbour holds a 25% stake.

Harbour Energy became a major operator in the Mexican upstream following the closure this month of its US$11.2bn acquisition of assets from Wintershall Dea.

[spacedust] 13/9/2024 16:43

I said we'd finish thr week red.

CORRECT

[monkeybusiness1] 13/9/2024 16:01

“UK’s second offshore exploration well for 2024 under way”

Drilling rig is on location for Gilderoy well

The UK North Sea's second exploration well for 2024 is about to begin drilling with the semi-submersible rig Paul B Loyd having arrived on location.

The owner of the rig, Dolphin Drilling, said the facility had successfully completed operations at Harbour Energy’s North West Seymour well, and had moved to the Gilderoy exploration well, also for Harbour.

Exploration drilling in the UK North Sea has plummeted in recent years. Only one exploration well has been drilled this year, on Shell’s Selene gas prospect.

[onlylongterm9] 13/9/2024 15:59

North Sea/Purely UK centered SQZ is still down ~44% just YTD and Circa 50% in the past 1 Year!

[spacedust] 13/9/2024 15:55

Sqz a staggering 17%. Plus the share price rises too. Hbr will nose dive towards the end

[mantelsloris] 13/9/2024 15:54

As long as they can afford the dividends, and the buy backs / acquisitions grow the dividend I'm not too fussed about the SP, just more opportunity to buy a solid business with an 8% yield at the moment

[spacedust] 13/9/2024 15:09

But I guess you're one of those who doesn't care about the share price one bit as long as the company is doing well the share price can just stay where it is for eternity.

Despite billions spent on buybacks, the bag of shtt has declined from 300p plus in a matter of days.

[spacedust] 13/9/2024 15:08

Kibee- the share price is what's not to like.

They can pour out billions and trillions of dollars worth oil gas but the share price remains rotting in the gutters then I'm afraid this is a pile of junk

[kibes] 13/9/2024 14:09

They have tripled their production which is now mainly outside the UK, reserves almost quadrupled and yet have only had to issue around 60% more shares for the deal. I don't see what's not to like here.

[spawny100] 13/9/2024 13:35

Afaics either this is being manipulated and held back (possibly for funds to acquire before FTSE100 entry) or the market is telling us the deal isn't as good as many thought. Although perhaps entry to the 100 isn't the dead cert many thought if it keeps dropping?

[spacedust] 13/9/2024 12:00

Oil up
BP up
Htg up
Sqz up
Cen up

Hbr down. So what's the excuse today for hbr rose tints chaps?

[spacedust] 12/9/2024 20:11

I didn't say director buys at centamin. I said transformative news.

Hbr had transformative news and we tanked. Was 300p plus before fantastic amazing brilliant news

[captaincad] 12/9/2024 16:44

Centamin? They got offered £1.63 per share. no bloody wonder the share price increased! Nothing to do with director buy!