Harbour Energy Share Discussion Threads

[jasdan] 08/7/2021 11:02

Regarding Talos, presumably if HBR own 49% on the disputed field, they at least get 49% of the proceeds, whether or not Pemex manage it?

[sbb1x] 08/7/2021 10:57

Need to crash the share price to get rid of the scum sellers (overhang ) take it to 300 and get it done with.

[brazilnut1] 08/7/2021 10:40

Pemex won’t have anyone controlling big oil assets in their waters, particularly Americans, don’t know why Talos got involved, PMO either. Poor due diligence or naivety.

[dandigirl] 08/7/2021 09:41

From what I read, PMO have been trying to sell for the last couple of years.

[jasdan] 08/7/2021 09:29

Pemex is picked to run Zama, OK we understand. But what I don't get is whether or not Talos are still involved? Afterall, it might just be that Pemex gets to make the decisions as manager of Zama, but profit etc is still split between Pemex and Talos as they presumably retain their part ownership of Zama?

It is not a case of expropriation by the Mexican state, merely preferential treatment from what I can see?

Does anyone understand the matter in better political detail?

[brazilnut1] 08/7/2021 09:01

HBR just another second rate dud oilie. This ain’t going anywhere anytime soon now Pemex have taken over as operator which I always said they would. They are corrupt bullies, always have been, always will be. HBR may be better selling their bit if they can and getting out altogether.

[dandigirl] 06/7/2021 16:11

jasdan: It seems that one of the first questions is whether PENEX owns over 50%? Wouldn’t be surprised if TALOS start legal action in order to clarify the matter.

[jasdan] 06/7/2021 11:13

Just because PEmex has been picked to run the Zama field, does that mean Talos has no involvement or that it is now the junior partner and has to follow Pemex's decisions? From what i read, PEmex only owns just over 50% so surely Talos will generate cash for Harbour, it merely won't be in charge?

[dandigirl] 06/7/2021 10:42

Thanks Andy-Having decided to hold on to our modest holding, not much else to do other than watch the oil price and, I suppose, the share price

As you say, it is to be hoped that any overhang is addressed before too much longer.

FWIW, Peel Hunt have a target share price of 472p.

[sbb1x] 05/7/2021 22:47

U.S. OIL COMPANY TALOS ENERGY SAYS WAS NOTIFIED ON JULY 2 THAT MEXICAN GOVERNMENT HAS PICKED PEMEX TO RUN MAJOR ZAMA OIL FIND

[andypop1] 05/7/2021 21:29

Dandi,
Oil was $63.5 on the last day PMO traded, it is now $77.
PMO closed at 22.4p (448p), HBR is currently 398p (19.9p).
So watch the oil price if you like but until the creditors clear this will continue to struggle.
Bad news today from Mexico, let's hope first gas from Tolmount has no further delays.
Good luck.

[dandigirl] 05/7/2021 20:29

Interims 23/9. Will just watch oil price until then. Hope they are upbeat.

[heialex1] 01/7/2021 19:45

ENQ looks very cheap considering the price of oil and how much their debt position has improved

[ammu12] 01/7/2021 18:30

Tlw rose from 20's to 60's after restructuring....enquest just got theirs completed. Maybe time to buy ENQ?

[andypop1] 29/6/2021 23:57

Con vention,
Welcome to the PMO, sorry HBR board.
With talk of a fiver+ (25p in old money) I'm sure you will feel at home on this board.
The poor souls on here have been waiting for a trigger for years, the trigger ended up being that of the creditors holding a gun to their head!
The creditors appear to have stepped up their exit with more delayed trades reported after hours today, let's hope they clear soon.
Good luck.

[breakconvention] 29/6/2021 23:35

And yes the low summer volume does not help, so we need a trigger, but no doubt it will come...

[breakconvention] 29/6/2021 23:31

God only knows, but something does not make sense here, I genuinely believe there could be a re-rate very soon. At the new price point I think 500p+ is conservative, and I think it could move any day soon. Opec want $90-100 p.b oil.

[rathlindri] 28/6/2021 22:57

How do I sell this dross? H&L not allowing me to?

[andypop1] 28/6/2021 22:54

Looking at the delayed trades from Friday reported after today's close it looks like the creditors are accelerating their controlled exit, the MMs did a great job offloading those trades earlier today.
Brent is $74, HBR is 17.8p in old money and the PMO shareholders have been shafted despite all the positive posts we have read on these boards over the years!
Be careful who you trust.
Good luck.

[sbb1x] 28/6/2021 19:46

Don't fight the trend and tge desperate sellers

[sbb1x] 28/6/2021 19:45

Crash the price market mafia.... let the scum sellers depart.... get this down another 10/20 % please.

[breakconvention] 28/6/2021 16:13

Disgusting the share price manipulation here

[dirossiale] 26/6/2021 15:04

OutPerforming HBR Target Price for 2021 £6.50 by RBC Capital Markets,LLC
Royal Bank of Canada Equity Research Disclosures for Harbour Energy PLC
Risks to rating and price target 25/June/2021): Volatility: We envisage some early share price volatility as the market goes through a phase of ­price discovery­.Leverage: A $5/bbl oil price swing either side of $65/bbl generates a +/-11% change in our Tangible NAV, which is towards the lower end of the peer group average.
Valuation (6/25/2021): Our ‘go-to’ methodology for valuing international E&P companies is our Tangible NAVs; however, the largest companies are trading at substantial premiums, as large-cap investors have focused on their preferred valuation methodologies – cash flow multiples. Therefore, we have focused on a 2022E cash flow multiple to calculate our Price Target of 650p (a 4.5x 2022E multiple). We have focused on 2022, as we expect 2021 to be a year of considerable flux, as Harbour’s financials include a series of one-off costs; in addition, we would note that Harbour’s Norway-focused peers are scheduled to be benefiting from a temporary tax break in 2021.Our 484p/share NAV, includes a Tangible NAV of 428p/share. We assume a long-term FX rate of $1.40/£. Our 650p Price Target supports an Outperform rating.

Read the exclusive free to read article not seen before by anyone here following the HBR shares:
www.rbccm.com/GLDisclosure/PublicWeb/DisclosureLookup.aspx?entityId=1&BBCompanyID=112104