700 incoming:) |
UK & European Gas Prices now at YTD Highs here (New HBR is 60% Gas) along with a weakening £GBP Vs $USD (£GBP now once again trading under $USD 1.30), all very good for the clearly way undervalued/oversold HBR where again as with any investment patience is key, especially post upcoming US elections, GLA! |
Sp ia all that matters |
EIA weekly crude oil inventories -2191K vs +1835K expected
Highlights of the weekly US oil report from the EIA
Crude oil inventories -2191K vs +1835K expected
Gasoline inventories -2201K vs -1471K expected
Distillates inventories -3543K vs -2181K expected
Refinery utilization +1.0% versus expectations of -0.6%
Private oil inventories released late yesterday:
Crude -1580K
Gasoline -5926K
Distillates -2672K |
 Are you people aware of this?
'Wood, a global leader in consulting and engineering, is leading a Joint Industry Partnership (JIP) to create industry guidelines for CO2 specifications to accelerate sustainable Carbon Capture, Utilisation and Storage (CCUS) projects.
The guidelines are the first of their kind to focus on the impact of impurities in CO2across the entire CCUS value chain. These findings aim to accelerate the pace and growth of the CCUS industry by creating a CO2 conditioning standard to meet safety, environmental, technical and operational requirements.
Wood established the JIP to collate industry research and the experiences of operators currently operating in the CCUS space to determine the effects of impure CO2 in existing carbon capture chains. The findings from this collaboration determined the negative impact impurities from CO2 capture can cause from transportation through to storage and eventual usage.
Identifying this data allowed for the development of guidelines to affirm the CO2 conditioning standards required to meet the safety, environmental and operational necessary for sustainable CCUS production.
The members of the JIP include Wood, Aramco, Equinor, Fluxys, Gassco, Harbour Energy, Mitsubishi Heavy Industries, Net Zero Technology Centre, OMV, Petronas, Shell, and TotalEnergies. The JIP also brought together industry and research experts, DNV, Heriot-Watt University, IFE, NGI, NPL and TÜV SÜD National Engineering Laboratory (NEL), with support from multiple licensors and equipment suppliers.'
You are on the list. |
Today, BP Up, Shell Up, even SQZ is Up but HBR down and more 2% on little volume, now hoping for much better days (with lots of catch ups) ahead, especially post the very first combined company update early November! |
You looked at BP and SHEL today? Both faring significantly worse... |
How's this shttt share doing guys. Looking for all those who wear rose tints |
Spawny. HtG is spiking loke there's no tomorrow. Was 80p not so long ago now 400p |
Upstream, 11 October 2024
UK faces supply and demand gap on new North Sea policy
UK imports around 40% of its energy needs but new government’s proposed fiscal changes could increase reliance on imports as domestic oil and gas production declines
The UK risks becoming increasingly dependent on imported oil and gas amid the decline in North Sea activity and the new government’s commitment to decarbonise the power sector by 2030, according to Offshore Energies UK (OEUK).
“The government acknowledges that we need oil and gas for decades to come. We must mind the gap between the UK’s energy consumption and falling levels of production, or risk becoming more reliant on imports than ever before,” said OEUK operations director Mark Wilson.
The industry association has called on the government to consider how the country will guarantee domestic energy supply if it commits to fiscal changes in October’s budget that will sink North Sea investment. |
Lol which ones are spiking to the moon right now exactly? |
Yip oil and gas prices spiking to the moon. Hbr share price down in the gutters |
Let’s simply continue to look at/focus on rising O&G prices!
And HBR undoubtedly looking extremely cheap here with Brent, UK and European Gas prices all continuing on a tear with UK Gas prices currently still trading at an amazing Circa 100 pence per therm while European Gas prices are also trading at another amazing ~40 EUR/MWh, so all looking great for the 60/40 split newly diversified much expanded HBR (60% Gas - 40% Oil, post a very successful and astute Wintershall Dea M&A) and with Brent now also rapidly on the rise again today! |
Where are the all the rose tints guys? What are the excuses chaps?
Which rocks are you hiding under.
What a ahtt sp |
And the share price still goes down. |
Tuesday, 08 October 2024
Barclays raises Harbour Energy price target to 380 (360) pence - ’overweight’ |
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 |
BeatingtheMarket
Posted in: HBR
Posts: 4
Price: 277.80
Strong Buy
Today 11:04
RE: Valuation
From my Gen AI model. Updated with Brent at $79. I have included all data on DEA and Harbour.
Fair Value Estimate Using EV/EBITDA Multiple:
• Harbour’s fair value heavily depends on the industry’s EV/EBITDA multiple. For integrated and independent E&P companies, typical multiples range between 3x-6x, depending on production mix, debt levels, and operational efficiency.
• Assuming a conservative multiple of 4x (given Harbour’s debt and UK tax exposure):
• Enterprise Value (EV):
3.1 billion * 4 = $12.4 billion
• Net Debt Consideration:
• Net debt remains around $2.2 billion.
• Equity Value Calculation:
Equity Value = $12.4 billion - $2.2 billion = $10.2 billion
• Per Share Valuation:
• Shares Outstanding: 1.44 billion
• Fair Value per Share:
$10.2 billion / 1.44 billion shares = $7.08/share
4. GBP Fair Value with Current Exchange Rate:
With GBP/USD at 1.32, translating the USD fair value into GBP:
• Fair Value per Share (GBP):
$7.08 / 1.32 = £5.36/share
5. Comparison with Current Price:
• Current Price (as of last update): £2.81/share
• Upside Potential:
left( rac{5.36 - 2.81}{2.81}
ight) * 100 = 90.74%
6. Key Considerations:
• Hedging Impact: With 40% of oil hedged at lower prices, the full benefit of $79 Brent will not be realized.
• UK Tax Regime: The recently increased Windfall Taxes can erode the benefit of higher crude prices.
• Debt Levels & Interest Rates: Harbour’s debt servicing costs may also affect cash flows, especially in a rising rate environment.
Conclusion:
With Brent crude at $79 and the new hedging-adjusted EBITDA estimates, the fair value for Harbour Energy rises significantly. The potential fair value per share is £5.36, suggesting a strong upside of nearly 90% from the current levels. This reflects Harbour’s significant operational leverage to higher oil prices and its diversified asset base. |
I'm pretty new to HBR. On 4 October, it was announced that the chairman had sold £21.73m worth of shares. The market didn't bat an eyelid, and there are no comments about it on the bulletin board. I'm not used to such stolidity! |
TTF gas price also up in a month, UK gas price up 10%. |
Oil needed a catalyst and it certainly got it, there were big discrepancies between the physical and paper markets deliberately created by algos/bots….., now only higher from here! |
Oil price looking interesting, |
Harbour Energy Financial Calendar: |
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