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Share Name Share Symbol Market Type Share ISIN Share Description
Harbour Energy Plc LSE:HBR London Ordinary Share GB00BMBVGQ36 ORD 0.002P
  Price Change % Change Share Price Shares Traded Last Trade
  7.00 1.78% 400.20 3,521,955 16:35:22
Bid Price Offer Price High Price Low Price Open Price
400.40 401.00 413.20 396.00 396.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 694.41 -442.73 -107.30 3,704
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:23 O 4,060 403.15 GBX

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Harbour Energy Forums and Chat

Date Time Title Posts
25/11/202123:08Harbour Energy PLC860
19/11/202117:56BreakingNews Harbour Energy Plc strikes gas in 2 wells Natuna Offshore Indonesia1
23/6/202121:31Harbour Energy: Any port in a storm?7
21/4/202116:45Harbour Energy 2021 and beyond-
07/4/202116:34Super results77

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Harbour Energy (HBR) Top Chat Posts

DateSubject
01/12/2021
08:20
Harbour Energy Daily Update: Harbour Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker HBR. The last closing price for Harbour Energy was 393.20p.
Harbour Energy Plc has a 4 week average price of 348.40p and a 12 week average price of 340p.
The 1 year high share price is 669p while the 1 year low share price is currently 284p.
There are currently 925,532,639 shares in issue and the average daily traded volume is 4,109,290 shares. The market capitalisation of Harbour Energy Plc is £3,703,981,621.28.
24/11/2021
14:01
surfit: IMO, if some directors are comming in at near recent prices they are not in for a quick turnaround? News recently looks better especially with with Tuna. Add the hope that Tolomount should be up and running in the next month /6 weeks and having negotiated supply price agreements completed (encouraging on operational start up time lines) AND the "possible" payment of a dividend (I.e. directors buying) could indicate a reasonable yield level???????? Anyone want to speculate what level would be realistic? Outstanding issues is the amount HBR are looking to claw back from SL and a possible exit from Zama, but the reality is this could end up in the law courts unless the Mexicans change tact some? I.e. they may drop field operatorship, by using it as a bargaining point for their unsubstantiated (no drilling) to support % claim on Zama overlap field reserves?? Overlap looks to be have eased, will be happy to see share price remain +420 at end of Friday and no profit taking I.e. investors starting to realise share price is under priced with the companies operational status and old creditors out (stability on SP) now its just down to performance and fundamentals of an leading UK operator? All IMO. Rgds Sft
02/11/2021
21:35
andypop1: Surf, There is no way of telling how many creditor shares are still left to rinse. I get the impression the company thought the creditor shares would be in the market after six months allowing the legacy investors a free reign to offload their shares unhindered by any overhang. If the share price since the legacy investors shares were unlocked is anything to go by then I would suggest both the legacy and creditor shares are competing in an unpopular sector and are struggling to get rid despite oil being at a recent high, not to mention the gas price. Good luck.
23/9/2021
10:24
ashkv: Debt down by $100mn to $2.6bn, guidance reaffirmed, and management updated that as of 21 Sep 2021 current production is much higher at 210,000 bpd post significant outages due to maintainence, workovers etc I suppose management are saving the goodies for the next operational update, Tolmont almost certain to come onstream in Q4 with GAS BOE in the $150-$200 range and higher if a cool winter. Exit production guidance for 2021 was 240k bpd - I didn't see any mention about the same in today's results. HBR management likely waiting to gauge how the projects progress prior to reiterating the same... Also contrary to what folks have conveyed - about half the producton is hedged and it reduces significantly going forward. hxxps://www.harbourenergy.com/media/unfhwjfy/2021-half-year-results-presentation.pdf From the above presentation For liquids 9mmboe liquids hedged for H2 2021, versus 13mmboe of liquids for H1 2021 Which translates to 49,450 barrels per day of oil hedged at price of $57 for H2 2021 - leaving a significant portion unhedged For Gas I am stating with modificaton full year 2021 gas volume hedged is 25 mmboe hedged at $47 per therm For H2 2021 - hedged volume is 13mmboe (Zero for Tolmont) at a price of $50 per therm Ergo easy to deduce hedged price of gas for H1 2021 - is $43.75 per therm given average price of year is $47 and H2 hedged price average is $50 Therefore even on hedged volumes H2 will see 15% higher price achieved And as 13mmboe of hedged volume of gas for H2 translates to 71,420 barrels per day for H2- even for existing gas production a significant amount is unhedged....Debt down by $100mn to $2.6bn, guidance reaffirmed, and management updated that as of 21 Sep 2021 current production is much higher at 210,000 bpd post significant outages due to maintainence, workovers etc I suppose management are saving the goodies for the next operational update, Tolmont almost certain to come onstream in Q4 with GAS BOE in the $150-$200 range and higher if a cool winter. Exit production guidance for 2021 was 240k bpd - I didn't see any mention about the same in today's results. HBR management likely waiting to gauge how the projects progress prior to reiterating the same... Also contrary to what folks have conveyed - about half the producton is hedged and it reduces significantly going forward. hxxps://www.harbourenergy.com/media/unfhwjfy/2021-half-year-results-presentation.pdf From the above presentation For liquids 9mmboe liquids hedged for H2 2021, versus 13mmboe of liquids for H1 2021 Which translates to 49,450 barrels per day of oil hedged at price of $57 for H2 2021 - leaving a significant portion unhedged For Gas I am stating with modificaton full year 2021 gas volume hedged is 25 mmboe hedged at $47 per therm For H2 2021 - hedged volume is 13mmboe (Zero for Tolmont) at a price of $50 per therm Ergo easy to deduce hedged price of gas for H1 2021 - is $43.75 per therm given average price of year is $47 and H2 hedged price average is $50 Therefore even on hedged volumes H2 will see 15% higher price achieved And as 13mmboe of hedged volume of gas for H2 translates to 71,420 barrels per day for H2- even for existing gas production a significant amount is unhedged....Debt down by $100mn to $2.6bn, guidance reaffirmed, and management updated that as of 21 Sep 2021 current production is much higher at 210,000 bpd post significant outages due to maintainence, workovers etc I suppose management are saving the goodies for the next operational update, Tolmont almost certain to come onstream in Q4 with GAS BOE in the $150-$200 range and higher if a cool winter. Exit production guidance for 2021 was 240k bpd - I didn't see any mention about the same in today's results. HBR management likely waiting to gauge how the projects progress prior to reiterating the same... Also contrary to what folks have conveyed - about half the producton is hedged and it reduces significantly going forward. hxxps://www.harbourenergy.com/media/unfhwjfy/2021-half-year-results-presentation.pdf From the above presentation For liquids 9mmboe liquids hedged for H2 2021, versus 13mmboe of liquids for H1 2021 Which translates to 49,450 barrels per day of oil hedged at price of $57 for H2 2021 - leaving a significant portion unhedged For Gas I am stating with modificaton full year 2021 gas volume hedged is 25 mmboe hedged at $47 per therm For H2 2021 - hedged volume is 13mmboe (Zero for Tolmont) at a price of $50 per therm Ergo easy to deduce hedged price of gas for H1 2021 - is $43.75 per therm given average price of year is $47 and H2 hedged price average is $50 Therefore even on hedged volumes H2 will see 15% higher price achieved And as 13mmboe of hedged volume of gas for H2 translates to 71,420 barrels per day for H2- even for existing gas production a significant amount is unhedged....
13/7/2021
07:53
surfit: Hey Andypop, will be interesting year and mostly good year or two for HBR. Tieing up a good % of production at $65 although missing out does indicate their attitude towards managing financial risk. I think your right they over cooked the consolidation but that too is maybe an indication on how they see themselves, but to hold that "big oil" mantle its going to take more than a few more mad max nodding donkeys. Will it be the BP assets they may be considered to be a bit higher in price now, but HBR know just how reallllly desperate BP are to sell. My bet is they keep North-sea (tax credits will be burning a hole in their pocket) or squeeze RKH and FiG for more %'s (by sitting on it for another year). Although if RKH get more than 20million from OM pay out they have less leverage. RKH Director(s) will happily kick the can down the road (at 390k salary) ad infernitum. Not sure on the plays to be had in Asia. HBR seem so very comfortable with the safety of Northern hemisphere assets, the only fly in that is sudden green turns....but less risk than the destabilising ME, the more gradual but creeping destabilising Latino regions. So does China's back yard have any cash cows that can be easily bought? All very interesting, just not much opertunity for share growth at this level. My Ave was 23.5 old money so can I see the share price at 500p, not for some time nor if they stay so very cautious. Add into the mix: No ii's want to be left holding the oil baby when the music stops, so must be riding the bulls but quietly and continually siphoning out. All the best Sft
06/7/2021
09:42
dandigirl: 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.
26/6/2021
14:04
dirossiale: 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
26/6/2021
13:59
dirossiale: 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 $1.40/£. Our 650p Price Target supports an Outperform rating. Read the exclusive free to read article not seen before by anyone here following the HBR shares: www.rbccm.com/GLDisclosure/PublicWeb/DisclosureLookup.aspx?entityId=1&BBCompanyID=112104
07/6/2021
07:32
ammu12: Enquest should outperform hbr share price ..
10/5/2021
05:07
sbb1x: Brent 68.67$ only a matter of for HBR share price to react
04/5/2021
20:29
technowiz: wee spike up to 21p today but then markets dropped from mid-day when Yellen spoke sending precious metals down. I think HBR share price falling under 20.5p isn't good. it did the same on Friday. I think the trend may be down but lets see if oil holds onto the strong gains. there could be more upside.
Harbour Energy share price data is direct from the London Stock Exchange
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