Harbour Energy Share Discussion Threads

[47frank] 25/6/2021 08:19

Would be nice if it was a true gain

[brazilnut1] 24/6/2021 15:01

Another con being played out here. This will be at same level this time next year or worse. Linda who ??????

[tom barnaby] 24/6/2021 13:00

Dont you just love an avatar that pays not to read a free bb!

[andypop1] 23/6/2021 22:31

Not a great update.

Production below guidance due to unplanned maintenance, one of the downsides of buying rusty assets.
Debt reduction is minimal given the oil price since April and that the company's Capex is heavily loaded in H2.
No 1st gas from Tolmount in H1 as previously advised.

Nutty,
The creditor shares were always going to subdue any potential short-term gains, don't worry though, the next lock up expires October potentially releasing another shed load of shares.

Good luck.

[steephill cove] 23/6/2021 20:02

Calling All HBR PIs....Daytrader tw@ts out alert.Sbb1x & Ammu12 licking windows as usual but more frequently at the moment ;-)

[leoneobull] 23/6/2021 17:03

He also recommended PMO and HUR

[zodiac266] 23/6/2021 15:20

Malcy's blog stated:

It is time to look carefully at Harbour and I hope that opportunities to meet the senior management will be presented before long. Indeed a CEO interview sounds like something that the market might like…

Today’s statement is pretty positive, we will have to learn to judge the measure of the comments from the company but the fact that the board remains ‘excited’; about the significant cash generation of the combined portfolios does it for me. The company are starting at the low end of guidance after planned and unplanned outages which may not be a bad thing, from here the only way is up…

There looks to be a decent drilling programme across the portfolio which in itself is a great geographical spread covering many of the world’s most exciting basins. On that note they say that at Sea Lion ‘ a thorough review is underway’ ahead of a decision regarding re-start of the project. At $75 Brent the project must be hugely profitable and if one had to question anything about the Harbour portfolio it would be a lack of genuine growth, Sea Lion would do that in one go, after all at Premier it was always the place where mid-decade onwards growth would be satisfied.

Harbour looks to me to be an incredible store of value, obviously that is subject to getting to know the management which I need to do, but it certainly looks very cheap and perhaps more important given the current oil price, very lucky…

[osirisra] 23/6/2021 15:05

Now I totally understand hedged supply contracts and all that but,,, I slightly rhetorical question?

How high does the POO have to rise, and look solid on that rise, before HBR will break 21 bloody pence?????

[brazilnut1] 23/6/2021 13:01

Another waste of space saying nothing update. Why bother. How long are these overhang shares going to take to filter through and rerate ?, end of year is my guess, or never.

[sleveen] 23/6/2021 09:07

I'd like to see the forthcoming/next Annual Report to get a handle on what's happening. Debt still significant.

[deanmatlazin] 23/6/2021 09:04

Numbers are good. Will take time to churn and re-rate

[dd776] 23/6/2021 08:45

Disappointed

[dandigirl] 23/6/2021 08:32

Not what I was expecting at all. Very downbeat and uninspiring update. No wonder share price has fallen.

[sleveen] 23/6/2021 07:37

A thread for HBR.

[heialex1] 22/6/2021 03:34

Interesting interview with Jeff Currie. He's been calling oil higher for months now and sees much more upside. Oil equities still lagging price of oil quite significantly.https://youtu.be/Tk2cAuSt6jY

[mxguy] 18/6/2021 14:05

yingwang888Have you found post of yours that you can cite yet?I know it must be difficult and you have only had a week, so we live in hope.Keep looking.

[andypop1] 17/6/2021 23:58

China,
When considering the gas it's worth noting the hedging the company has in place:
2021, 44p, 25mmboe
2022, 44p, 25mmboe
2023, 41p, 23mmboe

You will also need to consider the tariff payable to the finance partners who own the Tolmount infrastructure, talking of Tolmount, first gas is due this month.

Good luck.

[andypop1] 17/6/2021 23:20

Picture,
Today's drop isn't down to a leak as the drop is similar to others.
PMO, sorry Harbour, nearly always tracks the oil price when it heads South, it's a shame the same can't be said when the oil price heads North.
A strengthening Dollar and suggestions that the US are close to rejoining the Iran nuclear deal meaning their barrels potentially hitting the market weighed on the oil price.
Good luck.

[pictureframe] 17/6/2021 17:54

That fall away looks like a leak to me ..let's see what tomorrow brings