Sep 30, 2024
“Harbour Energy CFO Buys Shares Through DRIP”
Harbour Energy (GB:HBR) has released an update.
Harbour Energy PLC disclosed that Alexander Krane, the company’s Chief Financial Officer, has acquired 5,643.29 Ordinary Shares via the Dividend Reinvestment Plan. The transaction, part of the company’s internal financial dealings, was carried out on the London Stock Exchange at a price of £2.650372 per share. |
re div:
yep, still waiting... |
Apparently there's a discrepancy with BSL and what Harbour have paid over to them regarding the dividend.Good old Barclays......time i moved i feel |
I use HL and it's come through |
Is anyone else on here waiting for their 25/9 dividend payment into their stockbroker a/cc? Barclay Stockbrokers haven't credited my account yet |
 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.harbourenergy.com/media/osrhxiso/harbour-energy-plc-completion-of-acquisition-investor-presentation-030924.pdf |
Bank of America (BofA) Note:
“Harbour Energy is flagged as a standout among European exploration and production companies, bolstered by a recent acquisition that has positioned it as the largest listed European E&P by production, estimated at around 500,000 barrels of oil equivalent per day.
BofA notes Harbour's resilience, with an 8% dividend yield that remains sustainable even at Brent prices of $45 per barrel. This combination of factors has made Harbour a top pick for BofA, thanks to its strengthened portfolio and ability to navigate lower oil prices effectively.” |
I never thought I'd say it but I'm impressed by a trade union boss. The GMB union has a far greater grasp of reality than that idiot Millipede and with a bit of luck will persuade Starmer to drop their economically illiterate policy of increasing the EPT rate and removing the capital expenditure set offs.Indeed the way things are going with energy prices the tax might drop out altogether |
Today’s excellent RNS update here simply once again further highlights how shrewd and business savvy Harbour Energy Management/BoD are and have been all along:
“Harbour is pleased to announce that Wintershall Dea Finance B.V. (the "Issuer"), a subsidiary of Harbour, priced an offering on 25 September 2024 (the "Offering") of €700 million in aggregate principal amount of 3.830% senior notes due 2029 (the "2029 Notes") and €900 million in aggregate principal amount of 4.357% senior notes due 2032 (the "2032 Notes"). Harbour intends to use the proceeds from this Offering to repay and cancel the $1.5 billion bridge facility utilised for the Wintershall Dea acquisition which completed on 3 September 2024, and for general corporate purposes.
The Offering is expected to close on or about 3 October 2024, subject to customary conditions precedent for similar transactions.” |
TotalEnergies Starts Production in Argentina's Fenix Gas Field
TotalEnergies SE has begun production at the Fenix gas field, located 37.3 miles (60 kilometers) off the coast of Tierra del Fuego in Southern Argentina.
The Fenix field is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5 percent operated interest, alongside its partners Harbour Energy, which also holds 37.5 percent, and Pan American Energy, which holds 25 percent.
With a production capacity of 10 million cubic meters per day, or 70,000 barrels of oil equivalent per day (boepd), the Fenix development consists of a new unmanned platform, located in 70 meters water depth and connected to the existing CMA-1 facilities, TotalEnergies said in a news release.
Gas produced at Fenix is sent through a 21.7-mile (35-kilometer) subsea pipeline to the TotalEnergies-operated Véga Pléyade platform and is subsequently treated onshore at the RÃo Cullen and Cañadon Alfa facilities, which are also operated by the company.
Fenix is a low cost, low emissions development, with a carbon intensity of 9-kilograms CO2 equivalent per boe, leveraging on the existing infrastructure, TotalEnergies said.
"The start-up of Fenix production safely and ahead of schedule, only two years after FID [final investment decision], demonstrates the capacity of our company to deliver its projects. Fenix will contribute to maintaining our gas production plateau in Tierra del Fuego and ensure a reliable supply to the Argentinean gas market," Javier Rielo, Senior Vice President Americas, Exploration and Production at TotalEnergies, said. "With its low break-even and low carbon intensity, Fenix perfectly matches the company's low-cost and low-emission strategy”.
TotalEnergies said it has been operating in Argentina since 1978, and today employs more than 1,100 people in its business segments, in Exploration & Production, renewable electricity, and lubricants.
Through its Total Austral affiliate, it is the country’s leading international gas producer, operating some 25 percent of production. The company’s equity share of production averaged 88,000 boepd in 2023.
In Tierra del Fuego, TotalEnergies operates the Cuenca Marina Austral 1 (CMA-1) concession, which includes onshore fields and six offshore platforms. In Neuquen, the company holds equity interests in five onshore blocks, spanning more than 235,000 net acres, all operated, according to the release.
TotalEnergies operates three wind farms and one solar plant in Argentina, with an installed capacity of approximately 300 megawatts.
In June, Wintershall Dea announced the start of development drilling at the Fenix field, alongside partners TotalEnergies subsidiary Total Austral, and Pan American Energy.
The total investment of the consortium in the Fénix development amounts to approximately $700 million, Wintershall Dea said in an earlier news release.
Noble Corporation’s jack-up drilling rig Regina Allen was deployed to start the Fénix development drilling program.
With its natural gas volumes that will contribute for more than 15 years to Argentina’s long-term energy supply, Fénix represents a material pillar for growing domestic gas production. The gas field is expected to play a significant role in the country’s energy matrix and to offset imports, with a planned peak production of around 353 million cubic feet (10 million cubic meters) of gas per day, Wintershall stated.
Currently, the four main gas fields Cañadón Alfa, Aries, Carina and Vega Pléyade in CMA-1 are already producing and supplying 15 percent of Argentina's natural gas production. |
Good value, check back in a couple of years.. yawn... |
Millie come out come out wherever you are. Fantastic news magnet HBR is tanking. Such an undervalued company which keeps getting devalued for no reason. |
All these non stop articles galore spouting how under valued this share is and all the market does is show a finger and says up yours |
Post from lse bb today:
theancientmarine
Posted in: HBR
Posts: 175
Price: 264.00
No Opinion
Today 11:25
RE: Bargain
Based on present fundamentals, HBR is now just crazy oversold and undeniably very much undervalued as compared to it's peers, particularly post an incredibly successful M&A; now with the Fed/Global interest rate cutting cycle clearly underway, and FTSE 100 entry guaranteed here, hopefully the geographically well diversified new HBR (with much increased reserves of 60% Gas/40% Oil) will start on the path of getting lot closer to fair valuations going forward. |
Yahoo Finance - Thu, 19 Sep 2024
Is 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. |
As soon as you post the motley is a fool the share price of hbr will decline |
Write up in motley fool today, will post later |
HBR will join the FTSE 100 at the next quarterly reshuffle in December do not think that this will harm the share price. |
Brazil even if it stays 200p for ever mollie will be happy. As long as the company is good then that's all that matters.
I've invested in Aton Martin and they've gone up a lot just in 4 weeks. Shttt company mind you but share price is all that matters. |
Millie doesn't care about share price As long as the company is good. Me on the other hand share price is the most important thing. Followed by divi payments.
This bag of shttt will be sub 250p then 210p. Millie wil be happy
If it stays sub 200p for ever millie will be equally happy |
How's Chariot. Where you disclosed getting wiped out, best news in ages, made my day, another delusional trader gone bust |
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