Harbour Energy Share Discussion Threads

[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

[dirossiale] 26/6/2021 14:59

Equity Research Disclosures
Risks to rating and price target (6/25/2021): 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

[dirossiale] 26/6/2021 14:58

25th June 2021 - 18:47 GMT
Harbour Energy Plc : RBC Markets, LLC cuts HBR target price to 650p from 660p.
RBC is part of the Royal Bank of Canada and they have received a renumeration from
HBR for their 2021-2022 Harbour Energy Plc earnings forecasts research article. Read here the full free article. NoPayWall-NoSignUps www.rbccm.com/GLDisclosure/PublicWeb/DisclosureLookup.aspx?entityId=1&BBCompanyID=112104

[leoneobull] 26/6/2021 07:37

Plebeens is an incisive poster...on macro stuff. Andy Pops is the king of knowledge on the adverse impacts of bonds on equity...fair play both

[markymar] 25/6/2021 22:48

Glad I got out and into Helium one, so far doing very well,Linda or the PR machine in this is total rubbish.....oil is $73 and the price just dropsSo much going for it and so much potential but totally un loved and can see this falling further....have a look at HE1 and get some of your losses back

[andypop1] 25/6/2021 21:42

Apologies for the cross board chat!
Plebleens,
Thanks for the mention the other evening on the asylum, I'm sure my notoriety was lost on many of the new lunatics who frequent the board.
Your fundamental knowledge is far greater than mine but you are the one underwater, not me, sometimes you have to look at the micro not macro my old mate.
Good luck, a rousing post from you again tonight is needed to calm the lunatics down, do you feel bad about giving the inmates false hope before the consolidation?

[andypop1] 25/6/2021 21:07

If we see 342p and it holds it may be worth a punt, below that will be uncharted territory.
Good luck.

[ammu12] 25/6/2021 20:44

Btw the mcap is 67.2b Lol