Harbour Energy Share Discussion Threads

[ashkv] 23/2/2024 14:27

Why would German regulators block? No overlap - UK Buyer etc

Also price prior to Wintershall Dea deal was 244p on 20 Dec 23...

Share price is today 249p - retraced the deal in toto!!!

HBR is rock bottom and should rally with Gas and Brent recovering from current low levels!!!

Dull Gull23 Feb '24 - 12:00 - 4558 of 4559
"Until then, some sort of modest premium to the pre-December announcement prices seems appropriate. (230-250p?)"

[dd776] 23/2/2024 12:33

7th march.More buyback to be announced?

[dull gull] 23/2/2024 12:00

spacedust,
If the Wintershall Dea sale gets blocked by the German regulators, then yes 190 - and lower.
If/when it is completed - 450p and up. You've gotta think this is the more likely scenario.

Until then, some sort of modest premium to the pre-December announcement prices seems appropriate. (230-250p?)

I'm not a holder but I am looking to get in before hard news from the Germans arrives, and kicks this out of play either way. Worried about downside - yeah, a bit. So a modest punt.

[ashkv] 23/2/2024 11:46

From 0% late November 2023 to over 7% in about 3 months!!!

[ashkv] 23/2/2024 11:43

Carlos Slim Helu has per today's RNS further increased his stake in HBR to 7.13%

Bid incoming from the Mexican Titan!!! Buying HBR would be chicked feed for him - perhaps he knows about the supergiant potential of Zama???

[spacedust] 23/2/2024 11:34

How's this ahtt share doing guys my 250p target has been hit. Next target 190p

[thecomposer] 19/2/2024 07:52

Carmakers' EV Enthusiasm Fizzles Out

[luckyjoe999] 19/2/2024 07:49

Post from lse bb today:

AlexTrader0
Posts: 172
Price: 265.80
No Opinion
Today 07:37
HBR - BASF CFO

BASF CFO Dirk Elvermann sees no obstacles to the planned sale of the oil and gas subsidiary Wintershall Dea to the British oil company Harbour Energy. Elvermann told the news agencies dpa-AFX and dpa that the review was a matter of course in the Foreign Trade and Payments Act and in a corresponding ordinance. BASF announced the sale in December.

The German government intends to subject the deal, which is due to be completed in the fourth quarter, to an investment review. The agreement includes the transfer of the production and development business and exploration rights in several countries, as well as licenses for the capture and storage of carbon dioxide.

"The Wintershall Dea assets to be divested do not represent critical infrastructure," said Elvermann. Only a minority stake in the transmission system operator Nowega could be considered part of the critical infrastructure. Wintershall Dea is only indirectly involved in this via a minority shareholding in Erdgas Münster. This was the trigger for the Federal Government's audit.

In addition, Wintershall Dea is continuing preparations for the separate sale of its stake in Wiga. This company is active in the gas transportation business - the operationally independent Wiga subsidiaries operate high-pressure pipeline systems, including the transportation network of Gascade as well as Opal and NEL.

The pipelines were originally used to distribute Russian gas in Germany, said Elvermann. Now they are being used to land liquefied natural gas from other countries, such as the USA.

- possibly also for hydrogen in the future. "This critical

infrastructure is not part of the deal with Harbour Energy," Elvermann emphasized. Wintershall Dea wants to sell its share of these pipelines separately. The German government is the first point of contact here.

In contrast to earlier German-British deals, the UK is no longer part of the EU, said the CFO. However, a British buyer had never been refused a purchase in an investment protection review. "We are very confident about the review."/wo/DP/he

[brazilnut1] 17/2/2024 16:37

Well £6+ now is it ? 550p - 700p was close. Incoming NOT. Be lucky to hold £3 this year and in and out the ftse100 cos they are a shocker of a major. More like a 5yr old minor the way they behave.

[back2basics1] 14/2/2024 16:55

Once this deal is closed/dusted by around Q4 this year the new HBR will be similar to Aker BP in size/production and it’s share price will eventually be trading closer to ~£6+ mark minimum, fundamentals/maths here is so crystal clear, markets often provide the opportunities but only for patient investors.

Aker BP has a ~$16 Billion market cap at the moment, DYOR:

Harbour Energy - Wintershall DEA deal creates ‘challenger’ to Aker BP

[llef] 14/2/2024 10:42

I thought the update on 18 jan was pretty lacklustre at best.

Production in 2024 of 150-165 kboepd, (down from 186k in 2023), and 2025 forecast to be the same as 2024.

I accept the Wintershall deal is a good/great one, and completely changes the production profile of the company, but without it, and with UK Gas at under 70p and Labour "promising" a tax rate of 78%, I reckon Harbour would probably be under 200p by now.

[daisylove] 13/2/2024 15:21

Sp seems completely unrelated to the business case. Next stop 220 then.

[luckyjoe999] 13/2/2024 13:58

Post from lse bb today:

AlexTrader0
Posts: 168
Price: 267.30
No Opinion
RE: Buy Me A Beer
Today 08:08

Hopefully the HBR - Wintershall deal will close somewhat sooner than the anticipated Q4 and the resulting HBR (being the size of Aker BP) will easily be back in the FTSE 100.

HBR/Wintershall DEA Deal:

Chris Wheaton at Stifel thinks the deal is almost certain to close. He says of the tie-up, which will take Harbour production from a forecast 187,000 barrels of oil equivalent per day (boepd) to over 500,000 boepd: “The market in our view is ignoring the Wintershall deal and focusing solely on the base portfolio, which is going to be only circa 35 per cent of the business from 2025 onwards.”

[monkeybusiness1] 13/2/2024 13:52

ZACKS Published on February 13, 2024

3 International Upstream Stocks Too Alluring to Resist

Post pandemic, operators in the Zacks Oil and Gas - Exploration and Production - International industry are focused heavily on cost-cutting initiatives. Together with their focus on high-quality, high-return assets, the companies are able to capture an attractive return on capital. The sector has uniformly stuck to shareholder return and long-term spending plans, driving equities higher. This positive sentiment supports the potential upside for international exploration and production firms such as Harbour Energy (HBR) , VAALCO Energy (EGY) and Capricorn Energy (CRNCY) .

ZACKS - Oil and Gas - International E&P Stocks to Buy

Harbour Energy: A pure-play upstream global oil and gas producer, Harbour Energy targets high-return, short-cycle drilling opportunities. The company's robust financial position and strict capital discipline support competitive shareholder returns and the optionality to grow inorganically. Harbour Energy's recent $11.2-billion deal to acquire substantially all of Wintershall Dea AG's upstream assets should expand its asset base significantly.The 2024 Zacks Consensus Estimate for Harbour Energy’s earnings per share indicates 5,500% year-over-year growth. Valued at around $2.6 billion, HBRIY currently carries a Zacks Rank of 2. Harbour Energy’s shares have dropped around 12.6% in a year.

[royalalbert] 09/2/2024 10:59

I'm talking head offices etc loss of PAYE would be mind blowing.

[royalalbert] 09/2/2024 10:58

NMR need Harbour, Shell, BP etc to upsticks and locate abroad, that would show the politicians for what they are "IDIOTS"

[nigelpm] 09/2/2024 10:54

You've got 7 upticks but I think that's complete nonsense.

A large UT is simply a reflection of a lot of trades both sides wanting to play.

[thecomposer] 09/2/2024 10:35

“Whenever I see extremely low trading volumes for most of the day followed by a large closing UT (especially in UK markets) as was the case for HBR yesterday, it usually stinks of manipulation, I’m guessing that apart from Carlos Slim, either someone else is also loading up here or a Shorter is trying to manipulate the share price during a very low volume trading session, hold tight for black gold!”

As for today, decent trading volumes here so far today.

[nakedmolerat] 09/2/2024 10:00

labour on times radio said windfall rise to 78% from 75%, bonkers

[the white house] 09/2/2024 09:41

August 2022 GS buy PT 609Clever guys

[luckyjoe999] 09/2/2024 08:55

Post from lse bb today:

Kokomo
Posted in: HBR
Posts: 327
Price: 257.80
Strong Buy
Today 08:23
Harbour Energy Valuation - “HBR Fair Value” £7.96

“What is the Fair Price of HBR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.”

HBR Valuation - Today’s “Fair Value” £7.96

[monkeybusiness1] 07/2/2024 12:42

HBR RNS - Carlos Slim & Team Obviously See Great Value Here and Hence, Continue Loading Up! CONTROL EMPRESARIAL DE CAPITALES, S.A. DE C.V. now owns more than 6% of HBR which will likely even further increase while HBR still remains significantly undervalued/oversold here and as this key M&A year progresses.

[onlylongterm9] 05/2/2024 16:01

Wintershall Dea’s drilling ops with Transocean rig cleared for take-off

Wintershall Dea Norge, a subsidiary of Germany’s oil and gas company Wintershall Dea, has secured a green light from the Norwegian offshore safety regulator for the drilling of four wells in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

The Norwegian Ocean Industry Authority (Havtil) has granted Wintershall Dea consent to use Transocean’s Transocean Norge semi-submersible rig at the Maria field, which covers the drilling of three production wells and one water injector well.

Located on Haltenbanken in the Norwegian Sea, 25 kilometers east of the Kristin field, in a water depth of 300 meters, the Maria field was discovered in 2010 while the plan for development and production (PDO) was approved in 2015. This field, which is developed as a subsea tie-back with two templates, has five producers and two water injectors. The production started in 2017.

The Transocean Norge sixth-generation Moss Maritime CS60 semi-submersible rig was constructed at Jurong Shipyard in Singapore. The rig can accommodate 150 people and its maximum drilling depth is 40,000 ft. While the semi-sub won a 17-well contract in September 2022, a one-well extension with Wintershall Dea was also recently secured for the rig.

The original contract, with day rates between $350,000 and $430,000, was awarded after two oil and gas companies, Wintershall Dea and OMV, entered into an exclusive partnership with Transocean for the use of the rig for the drilling of all firm and additional potential wells in the period 2023 to 2027.

The Transocean Norge rig is the first semi-submersible rig that secured the Abate (Power+) notation, designed to reflect the best industry practices in greenhouse gas abatement for offshore units.

Currently, Harbour Energy is in the process of acquiring Wintershall Dea‘s entire non-Russian oil and gas portfolio along with carbon capture and storage assets in Europe to bring one of the world’s largest and most geographically diverse independent oil and gas companies to life.

This $11.2 billion share and cash deal boosts Harbour’s portfolio with producing and development assets as well as exploration rights in Norway, Argentina, Germany, Mexico, Algeria, Libya, Egypt, and Denmark.

[brazilnut1] 05/2/2024 15:40

FTSE100 EH ? 🤣🤣💩💩9313;🤡

[cashandcard] 05/2/2024 09:22

Longterm support 247p? I wonder if it will hold.Confirmation by German regulator is required for market to start valuing this deal. Cash