Harbour Energy Share Discussion Threads

[dandigirl] 19/1/2022 11:14

good question pop. Is there still sustained selling? With oil at 87+ logic suggests that the share price should have gone much higher. HBR's PR folk ought to be able to find some good news somewhere, surely. But there again, maybe there isn't any and maybe there is a desire to keep the share price low. Help!

[andypop1] 18/1/2022 22:49

Happy new year everyone.

So Ash, why is this a no brainer buy?
Posters have been saying the same since this was just under a quid going in to the chaotic refinancing a few years ago and here you are struggling to hold 18p in old money!

Your numbers suggest this is under performing its peers, why?

Good luck.

[janhar] 18/1/2022 15:50

https://www.telegraph.co.uk/business/2022/01/18/heading-300-barrel-oil/

[dandigirl] 18/1/2022 15:49

Thank you for your informative posts, ashkv.

N.B. The PMO tax losses?

[my retirement fund] 18/1/2022 14:42

ashkv, is this your largest holding ?

[ashkv] 18/1/2022 10:09

Approximately 130k bpd across 200k bpd of HBR production is hedged for 2022

For gas the 30-40% that is not hedged is raking it in...

And any day Tolmont switching on for net production of 20-25k bpd - UHEDGED...

HBR will be debt free by the end of 2023 at such elevated prices - A NO BRAINER BUY ... TIDE HAS FINALLY TURNED :)

[ashkv] 18/1/2022 10:09

TLW 1st December 2021 opening share price 41.73p to share price of 58p on 18 Jan 2022 - Gain of 39%
ENQ 1st December 2021 opening share price of 17.93p to share price of 22p on 18 Jan 2022 - Gain of 23%
HBR 1st December 2021 opening share price of 393.2p to share price of 381p on 18 Jan 2022 - LOSS of 3.1%
GKP 1st December 2021 opening share price of 173.8 to share price of 214p on 18 Jan 2022 - Gain of 23.13%
Brent 1st December 2021 opening price of US$ 68.3 to price of $87.5 on 18 Jan 2022 - Gain of 28%

[ashkv] 17/1/2022 16:15

This is such a heavily manipulated share - not even going when Brent at 5 year highs... UNBELIEVABLE

[heialex1] 08/1/2022 08:10

It's been a long time coming, but this year will be the year of oil and commodity outperformance Listen to Jeff Currie who has been calling this for more than a yearhttps://youtu.be/0Zc7_-rJ-mU

[heialex1] 07/1/2022 22:43

Oil will be the best performing sector this year. Even HBR will make a lot of money....

[sigma3333] 14/12/2021 16:49

No, just being implemented. Really has hurt the oil patch (not just PMO) as safe hands had to move.

siggy

[sigma3333] 13/12/2021 15:15

Not their fault, their team is made up of: peeps Shell took opportunity to "transfer", what was left at Conoco after generous retirement was given to their most experienced staff, and what was left at PMO after the contractors who were key players vamoosed b4 IR35 got them. imho not exactly a dream team

siggy

[bomfin] 13/12/2021 13:11

Well, Watched the whole webcast and it is pretty clear that they stuffed up the hedging. I`d now be surprised if they were not having to buy some gas at market prices to cover shortfall on hedging. That sorts itself if and when they get Tolmount on production. Tolmount has been downgraded. So, Yes. They stuffed up a golden chance to smash debt. Little wonder they looked so sheepish throughout the presentation.

[brazilnut1] 13/12/2021 11:08

3 years of misery with PMO same happening with these chancers. All these numbers 6.9% going forward $200m dividends blah blah blah. Fact is this is another dog of an investment unless you can wait 10 years for a proper return. All just another small oilie con game.

[ashkv] 10/12/2021 18:19

In 2022 - per what I conveyed and is in page 44 of Capital Markets Day Presentation

HBR will be outlaying $300mn for dividends - $200mn for 2021 to be paid in May 2022 and $100mn of $200mn 2022 dividend will be paid in Nov 2022

And the 2022 dividend is subject to increase, also special dividend and/or share buybacks..

KEEP BUYING IN TRANCHES - IF OIL HOLDS IN THE 70s this share has to go up!!!

[sigma3333] 10/12/2021 17:17

$200 is a start, but they need to do better.

Neptune just announced a $800m dividend for 2021

siggy

[ashkv] 10/12/2021 17:12

Effective Dividend is actually 6.96% taking into account GBPUSD 1.32

Overlooked the following footnote from page 44 of the Capital Markets presentation - (*1 This assumes a $1.35/£ exchange rate and is based on 925.5 million shares in issue)

"Proposed dividend timetable
? For 2021, a final dividend of $200m
(16p/share1) to be paid in May 2022 post
AGM and shareholder approval
? First interim dividend of $100m to be
paid in November 2022 following Half
Year Results in August
? Going forward, payments will be made
on the basis of 1/2 interim and 1/2 final
This assumes a $1.35/£ exchange rate and is based on 925.5 million shares in issue"

[dbensimon] 10/12/2021 16:04

20 percent down in 2 days....

[sigma3333] 10/12/2021 11:24

lol
SQZ would be a good fit - very little abandonment liability.

siggy

[s34icknote] 10/12/2021 11:16

Why buy assets ? They just gave them away to Navatis

[cjd190573] 09/12/2021 23:03

“Was the news that bad?”

No

[heialex1] 09/12/2021 22:55

With oil at these prices it's not a good time to buy assets... sellers market. Assets needs to be bought at bottom of cycle

[wbodger] 09/12/2021 22:47

ashkv your posts with summaries much appreciated.

Market Cap USD - $4,581,720,000
Net Debt - $2,350,000,000
Enterprise Value USD (EV) - $6,931,720,000

That's a normal company. Contrast with Premier!