Harbour Energy Share Discussion Threads

[my retirement fund] 07/6/2024 15:41

Yes, but I'm sure the politicians have very different designs on that, so suck it up buttercup

[thecomposer] 07/6/2024 15:37

75% of Scots back North Sea oil and gas

Three quarters of Scots support domestic oil and gas production from the North Sea, according to new polling by advisory firm True North.

Less than a month out from the general election, the data shows 75% would rather see the UK meet its energy demands from domestic sources than import from overseas.

True North's new senior energy advisor Allister Thomas said: “As North Sea production reaches record lows, with projects stuck in the investment doldrums, this is a clear signal to politicians to get the sector back on track.

“The alternative is more imports, which government data tells us is already seeing record high levels of LNG from the US, nearly four-times more carbon intensive than domestic supply.

“That’s bad for the planet and bad for business – the UK will realise little of the economic benefit if we are buying in more energy from overseas.

“However, there are significant risks - and stark warnings from experts across the energy sector - that more punitive taxes on energy will drive investment out of the market, rather than helping to bridge the renewable jobs gap.

[brazilnut1] 07/6/2024 07:55

545p eh ? Hahaha. These brokers are just paid clowns. Need to be held to account for misleading investors. Never correct.

[cashisking76] 07/6/2024 07:41

HBR - Analysts Price Target



Harbour Energy (HBR) Share Forecast & Price Target

Based on 6 Wall Street analysts offering 12 month price targets for Harbour Energy in the last 3 months. The average price target is 395.00p with a high forecast of 545.00p and a low forecast of 350.00p. The average price target represents a 28.50% change from the last price of 307.40p.

[monkeybusiness1] 06/6/2024 06:41

Commission clears acquisition of Harbour and certain assets of Wintershall DEA by BASF

The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Harbour Energy Plc (‘Harbour') of the UK and, indirectly, of certain assets of Wintershall DEA AG by BASF SE, both of Germany.

The transaction relates primarily to the oil and gas sector.

The Commission concluded that the notified transaction would not raise competition concerns, given the companies' limited combined market position resulting from the proposed transaction. The notified transaction was examined under the simplified merger review procedure.

More information is available on the Commission's competition website, in the public case register under the case number M.11470.

[brazilnut1] 05/6/2024 20:50

FTSE100 eh ? How long stay in for this time. 500p - 700p incomig 🤣🤣

[back2basics1] 03/6/2024 06:20

June 3, 2024

British Harbour Energy to invest in Egypt’s petroleum sector

Minister of Petroleum and Mineral Resources, Tarek El Molla, recently met with Linda Cook, the CEO of Harbour Energy—one of the largest British companies operating in the petroleum, gas, and energy sectors. This meeting marks Harbour Energy’s first entry into the Egyptian market, following its acquisition of exploration areas from the German company Wintershall Dea in the Nile Delta and the Mediterranean Sea.

During their discussion, El Molla emphasized that Egypt’s petroleum sector benefits from advanced infrastructure and the expertise of distinguished Egyptian professionals. He welcomed Harbour Energy’s entry into the Egyptian market, anticipating new investments and the introduction of advanced technologies.

El Molla also highlighted the successful collaboration between Wintershall Dea and Egypt’s petroleum sector, considering it a model for strategic partnerships.

Linda Cook, the CEO of Harbour Energy, expressed her aspiration to inject new investments into Egypt’s petroleum sector and expand the company’s operations to become a leading energy player in the country. Following the meeting, El Molla and Cook witnessed the signing of an acquisition agreement between Harbour Energy and Wintershall Dea in Egypt.

The agreement was signed by Yassin Mohamed, CEO of the Egyptian Natural Gas Holding Company (EGAS), Samah Sabry, CEO of Wintershall Dea in North Africa and the Middle East, and Howard Lunds, legal advisor to Harbour Energy.

Harbour Energy had previously announced its acquisition of assets from Wintershall Dea in several countries, including Egypt.

[onlylongterm9] 02/6/2024 15:50

ShareCast:
FTSE 250 movers: Harbour Energy on the rise

Harbour Energy said on Friday its blockbuster $11.2bn acquisition of Wintershall Dea’s non-Russian oil and gas assets remained on track, with publication of the deal prospectus expected shortly.

In a brief update, the North Sea oil and gas producer - the UK’s largest - said it was making "good progress" on concluding both the prospectus and shareholder circular.

The documents were in the final stages of preparation, it noted, with publication likely "in the coming weeks".

The shareholder vote on the deal will then be held.

Harbour concluded: "All regulatory, anti-trust and foreign direct investment approvals required for completion continue to progress as planned, and Harbour continues to expect to complete the acquisition during the fourth quarter of 2024."

Harbour agreed to acquire the much larger business in a share and cash deal with Germany’s BASF and investment firm LetterOne, Wintershall Dea’s owners, last December.

The blockbuster deal will transform Harbour from a UK-focused producer with a market value of around £2bn to a global player with projects across multiple countries.

The deal includes Wintershall’s oil and gas fields in Germany, Norway, Mexico and Egypt, among others.

Harbour's oil and gas production is forecast to rise from around 190,000 barrels per day to more than 500,000 per day following completion.

[bearnecessities33] 31/5/2024 08:01

May 31, 2024

“Harbour Energy Set for Q4 Wintershall Dea Deal”

“Harbour Energy (GB:HBR) has released an update.”

“Harbour Energy PLC is nearing the completion of essential documents for the acquisition of Wintershall Dea’s asset portfolio, with shareholder meeting and publication slated for the coming weeks and a projected finalization in Q4 2024. Regulatory and antitrust approvals are progressing as expected, indicating smooth advancement toward the acquisition.”

[onedb1] 31/5/2024 07:07

No wonder price is pushing upwards nicely . The deal is proceeding well and it's a massive game changer here . Looking forward to seeing a vastly improved price come Q4 and beyond .

[farmerjohn1] 30/5/2024 08:51

The Telegraph 17 May 2024
Union backlash over Labour’s plans to shut down the North Sea

Union chiefs are pursuing a campaign against Sir Keir Starmer in six key Scottish constituencies

Unite is demanding the Opposition ditch plans to abolish all new oil and gas exploration and boost the existing 75pc windfall tax on oil and gas producers by a further 3pc.
Without abandoning these policies, it has warned companies will exit the North Sea and destroy 30,000 jobs in the process.
It comes after US oil giant Chevron confirmed on Thursday it is quitting the North Sea after 55 years, as it claimed it was no longer viable to operate there.
Unite's attack on Labour could serve as a significant blow to Sir Keir if it dents his party's hopes of winning at least an extra 20 seats across Scotland.

[thecomposer] 28/5/2024 14:11

Wintershall Dea to deploy Halliburton’s “industry first” drilling solution offshore Norway

[glavey] 26/5/2024 09:10

IYHO... Perhaps that's why cashisking

[cashisking76] 23/5/2024 13:56

“Resistance broken at 306.6 and will head north above 350”

HBR will be £6+ and firmly back in the FTSE 100 by Q4, IMHO.

[mattybuoy] 23/5/2024 13:33

I'm not worried about an increase from 73-78%, it's the potential removal of the capital allowance that would totally kill off the North Sea. The only hope is that the unions manage to convince Labour not to do this. Not a sure thing IMO.

[bag158s] 23/5/2024 13:00

Resistance broken at 306.6 and will head north above 350

[back2basics1] 23/5/2024 09:40

UK and European Gas prices very nicely on the rise here, again.

[thecomposer] 23/5/2024 09:27

Harbour Energy will be a totally different company both in terms of size, geographical diversification, and potential from not only the Wintershall Dea gained assets but also from it's own outstanding PMO inherited assets by this very year end.

[kibes] 23/5/2024 09:03

The Labour windfall tax would increase the tax rate from 75% to 78% so hardly likely to make any difference. Just posturing about wicked oil companies for the masses as usual.

[luckyjoe999] 23/5/2024 06:19

Post from lse bb:

Kokomo
Posted in: HBR
Posts: 419
Price: 305.30
Strong Buy
22 May 2024 16:23

HBR - More, More, and Now Even Way Further Short Reductions!

Once more here, fantastic to note, especially again and again, still even further more reductions in HBR Short positions as evident once again today, now this incredibly being the SEVENTH consecutive/back to back rapid reduction by GLG Partners LP during the months of April and May (3, 4, 5, 16, April 2024 along with now also on 09, 17, and 21 May 2024)!

So let the trend be your friend!

[back2basics1] 23/5/2024 06:15

“AI could drive a natural gas boom as power companies face surging electricity demand”

UK and European Gas prices have been nicely on the rise, noting that HBR will be 60/40 Gas/Oil post Q4 Wintershall Dea merger here and also firmly back in the FTSE 100 thereby, attracting big new investors.

“Why Oil May Regain Upward Momentum”

Oil markets continue to be lackluster compared with the strength displayed by metals and gas markets.

StanChart has predicted that the bearish sentiment coupled with low market volatility are likely to persist until OPEC+ announces its new policy.

Experts have predicted that positive developments by OPEC+ could trigger another oil price rally.

[thecomposer] 22/5/2024 15:41

Harbour Energy will be an extremely well diversified FTSE 100 Major Global O&G player by Q4!

[kenbos] 22/5/2024 15:10

Maybe yes labour have said a windfall tax on the cards for oil stocks