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HBR Harbour Energy Plc

267.20
1.80 (0.68%)
Last Updated: 10:21:16
Delayed by 15 minutes
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
  1.80 0.68% 267.20 133,842 10:21:16
Bid Price Offer Price High Price Low Price Open Price
267.10 267.30 267.20 261.60 263.30
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
10:19:02 AT 434 267.20 GBX

Harbour Energy (HBR) Latest News

Harbour Energy (HBR) Discussions and Chat

Harbour Energy Forums and Chat

Date Time Title Posts
04/3/202414:54Harbour Energy PLC4,582
24/12/202317:26Share Issuance-
21/12/202316:38Harbour Energy 2021 and beyond363
15/6/202210:25Energy Profits Levy Discussion2
01/2/202215:02Rockhopper & Harbour Energy. Sea Lion to be signed over by 31st March 2022 RNS-

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Harbour Energy (HBR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
10:19:02267.204341,159.65AT
10:17:02267.108502,270.35AT
10:15:04266.905871,566.70AT
10:15:04266.804821,285.98AT
10:15:04266.705831,554.86AT

Harbour Energy (HBR) Top Chat Posts

Top Posts
Posted at 06/1/2024 21:12 by popit
Can anyone explain the price history for HBR shares?

According to the Google Finance chart, HBR shares were trading at over £70 in May 2008, and at over £100 a few years later

So have HBR shares really fallen by 97% since then?

Or is there some other explanation for this fall in the HBR share price from £100 to £3 ?

And does anyone know what the highest Market Cap for HBR was approximately?

If the share price was £100 a few years ago then that would have been a Market Cap of £80 billion if there were approximately 800 million shares or the same number of shares as today

HBR did not have a Market Cap of £80 billion a few years ago so can anyone explain how the HBR share price was over £100 a few years ago?
Posted at 05/1/2024 10:20 by farmerjohn1
By James Beard, The Motley Fool, 5 January:

This FTSE 250 stock could soar 30% in 2024!

Our writer explains why he’s expecting big things — over the next 12 months — from the stock of the FTSE 250’s largest oil and gas producer.

Harbour Energy (LSE:HBR) was the second-best performer on the FTSE 250 in December 2023.

Its shares ended the month 38% higher, largely due to the announcement of an acquisition that will transform the scale of the energy producer.

But I think the stock has the potential to climb higher.

If my reasoning is correct, it could soar by 30% in 2024.

Here’s why.

The sum of the parts

On 21 December 2023, Harbour announced that it was to acquire the upstream assets of Wintershall Dea in a deal worth $11.2bn (£8.86bn at current exchange rates).

The transaction will be funded through a combination of cash (£1.71bn), the issue of new shares (£3.28bn), and the taking on of some of Wintershall’s debt (£3.87bn).

Prior to the news being released, Harbour was valued by the stock market at £1.89bn.

Therefore, in theory, the new group should be worth £6.88bn — the combined pre-acquisition value of both companies (£10.75bn) less the value of the loan notes.

The current owners of Wintershall will receive 921.2m new shares, bringing the total post-transaction number in issue to approximately 1.69bn.

The share price should therefore be 407p — a premium of approximately 30% to its current value.

Am I missing something?

But this begs the question, why are Harbour’s shares still changing hands for around 315p?

I think there are six possible explanations for this.

Firstly, the deal has yet to be finalised. Completion is not expected until the final quarter of 2024.

Second, the acquisition is to be part-funded through the issue of new shares, which have been valued at 360p. Although higher than today’s share price, it’s still well below my theoretical price.

The third reason could be that profits from the North Sea are subject to a huge tax rate of 75%. And there’s no commitment from the UK’s two largest political parties to reduce this.

Next, earnings from the oil and gas industry are notoriously volatile.

Fifthly, ethical investors don’t want anything to do with the sector.

And finally, the target company is privately owned. There’s less information in the public domain about its financial performance. It might take investors some time to assess whether the deal is a good one.

To try and help overcome this problem, figures have been produced by the two companies illustrating what the group would have looked like in 2022. Combined EBITDAX (earnings before interest, tax, depreciation, amortisation, and exploration costs) would have been $10.3bn (£8.15bn) for the 12 months ended 31 December 2022.

That’s a 157% uplift on Harbour’s earnings.

If its pre-acquisition share price was increased by the same amount, its stock would be changing hands for over 600p!

Some final thoughts

Setting aside the issue of what the fair value of the new group should be, the directors have promised to increase the dividend per share by 5%.

And there will be other benefits too.

The deal will help expand Harbour’s geographical footprint.

Also, its reserves will more than double.

And it will lower the operating cost per barrel of oil equivalent by over 25%.

Even if the share price doesn’t get close to 407p, as an existing shareholder, I’ll be happy with the additional passive income. The improved earnings potential should also help ensure that the dividend is sustainable over the long term.
Posted at 03/1/2024 22:55 by semmi
The upside potential for HBR needs to take into account the enlarged share numbers. At 1.7bn share outstanding post-acquisition, and assuming a share price of 360p, the company is already valued at 6.12bn GBP / 7.75 bn USD, and not the current market cap of 2.4bn GBP.

While a doubling in share price is possible IMO, that has to come from the acquisition benefits and synergies and a rerating of a new global competitive O&G company with growth potential instead of a dwindling UK-focused one.
Posted at 29/12/2023 12:16 by luckyjoe999
Post from lse bb today:

miles44
Posts: 442
Price: 309.30
No Opinion
RE: 6 week coil chart pattern
Today 11:24

I honestly thought that the share price would go substantially lower from the highs of around 315 because the majority of market participants between Christmas and New Year (calm period) normally are us retail investors. And I thought that at least some will be ready to sell part of their holding (or all) and personally know some former holders who sold just because their old sell limit got activated the day it rose 31 %. As for the BIG money to flow in that´s going to happen in the first 2 weeks of January. Fund managers aren´t active right now and as Linda stated the 21st, even some analysts had to be reactivated for the webcast, already being in Christmas holidays. So no-one should over-estimate any "share price movement" since the 21st - the only thing that has actually happened is that the share price has astonishingly held up very nicely which for me indicates that at least 1 or 2 major market participants are collecting some shares at current prices. As I said: the big money is going to get active on this stock in the first 2 weeks of January. And lets see what share prices we´ll see then ... you all have a good, happy and successful 2024 :) Was a pleasure writing with all :) Fingers crossed for HBR 600 p in 2024 :)
Posted at 21/12/2023 15:23 by cashisking76
HBR will be back in the FTSE 100 by Q2 2024, market capitalization is what counts at the time of quarterly reviews, and HBR share price IMO can more than double from here which is significantly more that what is needed to be back in the FTSE 100, DYOR.

Also, a fantastic update today, so thank you HBR team!
Posted at 20/10/2023 12:20 by ashkv
Given the silence with HBR I am conjecturing some manner of deal discussions are in progress vis-à-vis HBR?

In 2022 HBR Trading Update was in the first week of November but so far no date for a similar update on the HBR website's financial calendar.

Also Share BuyBacks suspended... Is HBR a takeover target? Or going to announce an acquisition?



HBR ridiculously undervalued...

Harbour Energy Share Price : 263.0p
HBR Current Share Price vs 52 Week low of 217.1p on 27 June 23: 21.14%
HBR Current Share Price vs 52 Week High of 539p on 19 Apr 22: -51.21%
Brent : $93.50
UK Natural Gas: 121.0p
Shares Outstanding: (30 Sep 23):
GBPUSD Exchange Rate : 1.21
Market Cap GBP : £2,026,063,508
Market Cap USD : $2,451,536,845
Net Debt (as of 30 June 2023 per Half Year Results): $0
Enterprise Value USD (EV) : $2,451,536,845
HBR Average Production H1 2023 (Bpd) : 196,000
HBR Mid-Point Production Guidance 185k-195 for 2023 (Bpd) : 190,000
HBR 2022 Average Production (Bpd) : 208,000
EV/Barrel:USD H1 2023 Average Production: $12,508
EV/Barrel:USD Mid 2023 Guidance : $12,903
EV/Barrel 2022 Average Production: $11,194
(Decommissioning costs : HALF YEAR 2023 Results) : $4,291,100,000
EV (Including Decommissioning Exp) / Barrel : $35,488
Dividend USD 200mn per annum - Dividend Yield: 8.16%
2022 Net Payout Yield (NPY = Div(Y) + Buybacks(Y) + Tender(No) : 22.56%
2023 Net Payout Yield (NPY = Div(Y) + Buybacks(Y) + Tender(No) : 17.99%
EV/2P (410 million Boe) YE 2022: $5.98
Posted at 04/10/2023 18:09 by cashisking76
Oil down, UK & European Gas prices up, and no logical reason (but usual market panic) for such a large sell off/drop here today, hence holding tight and planning to reinvest my upcoming dividends for the long run with current outlook and a significantly undervalued HBR share price but hey that’s me, please always DYOR and GL!
Posted at 27/9/2023 12:04 by luckyjoe999
Post from lse bb today:

Kokomo
Posts: 97
Price: 261.30
No Opinion
Today 13:01
RE: Read-Across Rosebank

Given that we now have $95+ Brent along with UK natural gas futures fluctuating above 100 pence per therm as winter approaches (mirroring the trends in the European benchmark), and all this with a continuously weakening £GBP versus $USD, HBR share price should be trading at significantly higher market capitalization here and it likely will eventually, especially if these commodity prices hold.
Posted at 25/8/2023 11:58 by kenmitch
Warren Buffett likes some buybacks. I.e where he thinks they will help the share price. Sometimes they do but usually it’s when buybacks are done when the share looks too cheap and when the Company can afford to spend £Billions buying back an enormous number of their shares.

E.g the likes of Apple. And in the UK, NEXT,who have spent so much on buybacks that they’ve halved the share count to the benefit of the share price AND NEXT now only have held the number of shares for their dividend payouts.

So that kind of buyback can help the share price and reward shareholders. But so many Companies can’t afford huge buybacks and go for token buybacks that don’t help the share price and are a waste of money. Unfortunately that’s the case with Harbour’s buybacks.

Ask yourself the simple question. Have Harbour’s buybacks with a higher share price, or are you like me, currently holding HBR at a loss?

Big investors prefer buybacks to dividends for tax reasons as explained in that Warren Buffett link. What bb posters on this and so many other bbs and threads don’t get is that for the average small investor, tax on dividends is NOT an issue if the shares are held in ISAs and so for us ordinary folk dividends and specials that DO reward us with REAL cash are MUCH better for us than buybacks.

A lot of Companies buying back don’t understand them either and take the advice of their advisers and big investors who, wrongly imo, assure them they are a wise thing to do.
Posted at 25/8/2023 09:47 by kenmitch
Completely agree with you anhar. Much of the posting on buybacks on this bb is nonsense. The share price is what tells us whether the share is going up or down. Should be so obvious! Unfortunately HBR share price has fallen despite the buybacks and there’s been no reward from those buybacks. I hold HBR and so far at a loss. Simple isn’t it. I paid more than the share price now, so I am losing.

Dividends HAVE reduced that loss as dividends are REAL money goimg in to my account. I have no money from buybacks.
Harbour Energy share price data is direct from the London Stock Exchange

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