Hahaha all hot air and most of it years away. 255p. Enough said. |
 8th December 2024
Harbour Energy Outlines Expansion Plans in Egypt During Meeting with Minister Badawi
On the sidelines of his visit to UK, Minister of Petroleum and Mineral Resources Karim Badawi visited the the headquarters of Harbour Energy in London accompanied by Sherif Kamel, the Egyptian Ambassador to UK, and Moataz Atef, the Underseceratry for the Technical Office and Official Spokesperson of the Ministry of Petroleum and Mineral Resources (MoPMR).
They were received by Linda Cook, CEO of Harbour Energy, and Sameh Sabry, the company’s Managing Director for the Middle East and North Africa.
The meeting reviewed the status of the company’s projects in Egypt, and its future plans in the field of research and exploration after acquiring Wintershall Dea’s concession areas in Egypt in the Nile Delta and the Mediterranean.
The CEO of the company expressed her aspiration to build on the successes achieved by the German company Wintershall Dea over the past years in the Egyptian petroleum sector, noting that Harbour Energy has developed an integrated strategy aimed at expanding oil and gas operations in Egypt on a large scale.
For his part, Badawi highlighted the new initiatives launched by the MoPMR, including the new incentive package for foreign partners with the aim of increasing production.
He called on the company to explore the promising investment opportunities offered by the Egypt Upstream Gateway (EUG). |
Post from lse bb
Neversellshell22
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…. |
Yes surely about time the listing was moved to the US these hints at meetings must be stopped and concrete action taken . |
This US listing, will they be moving their head quarters out of the UK, like Martin Sorrell did? |
If memory serves they said on a recent conference call that a US listing not happening imminently. Maybe I imagined that. Anyhow they presumably will want to dispose of UK assets first. |
Maybe get an update about the US listing to follow that Argy news . |
Im hearing Harbour buying into Argentinian ops eh ? Families of the war dead will be happy. |
Offshore Technology November 29, 2024
Harbour Energy begins production at Talbot development in UK North Sea
Gas from Talbot will be transported via the Central Area Transmission System to the Teesside Gas Processing Plant.
Harbour Energy has started production at its Talbot development, a three-well subsea tieback located around 16km south-east of the Judy platform in the UK North Sea.
The company holds a 67% stake in the development, while Ithaca Energy owns the remaining 33% stake.
Harbour announced plans to begin subsea activities at Talbot in March.
This included the installation of a 15km pipe-in-pipe pipeline and an electro-hydraulic chemical control umbilical connecting Talbot to Judy.
Gas from Talbot will be transported via the Central Area Transmission System (CATS) to the Teesside Gas Processing Plant (TGPP).
Oil will be exported to the Teesside terminal through the Norpipe transportation system. |
UK, European, and Natural Gas Prices all continue at YTD Highs here along with a generally weakening £GBP Vs $USD (£GBP once again trading under $USD 1.30), overall very good recipes for the clearly way too undervalued/oversold New HBR (60% Gas/40% Oil) where again as with any investment patience is key! |
Upstream - 27 November 2024
Early results coming through on exploration wells in Norway
Equinor's Kvernbit, Harbour's Sabina and DNO's Falstaff wells are looking promising
Results are emerging in Norway from several offshore exploration wells drilled recently by operators Equinor, Harbour Energy and DNO.
Equinor has been the operator of at least three wells recently highlighted by Upstream — Lovmeis in the Norne field area of the Norwegian Sea; Rhombi in the Troll and Fram area of the North Sea, and Kvernbit in the Fram area of the North Sea.
Rhombi was revealed last week as a discovery.
“Harbour Energy’s Gilderoy well considered a commercial discovery” |
Re-rate eh ? To 220p ? This is a dud. Make no mistake. |
I know Harbour have diversified away from the UK North Sea, but nevertheless, the UK Gas price forward curve is above 110 for the whole of next year. That has to be good news for Harbour.. |
Gas prices are at 2024 highs and still rising while risk for PoO is now clearly to the upside here; HBR is looking incredibly cheap based on fundamentals and recent analysts price targets (stated even prior to recent Oil and now significant Gas price rises!), after all, new HBR is 60% Gas/40% Oil:
“Based on 6 Wall Street analysts offering 12 month price targets for Harbour Energy in the last 3 months. The average price target is 377.60p with a high forecast of 483.00p and a low forecast of 320.00p. The average price target represents a 51.46% change from the last price of 249.30p.” |
Looking good for a re-rate here. |
Apart from Geopolitics, AI and Crypto …. are going to additionally drive O&G (especially Gas) prices to much higher levels going forward. |
Natural gas price up 5% today. Can only be good news for harbor |
Pretty impressive recent Presentation. Makes the UK portfolio pretty insignificant in the scheme of things. Hopefully this has only got to go upwards. |
Post from lse bb today:
theancientmarine
Posted in: HBR
Posts: 186
Price: 249.90
No Opinion
RE: Duff stock....
Today 07:11
I remember Anglo American/AAL share price strangely going all the way down to around £2.50 in 2015/16 (from £30+ in 2011) and then returning back up and more to £40+ by 2022, markets are never rational but do adjust based on fundamentals overtime, and here with HBR I see another very unique opportunity at the moment, time (and patience) will only tell! |
FTSE100 ? Hahahaha lol lol. |
Harbour Energy Presentation Today: |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
