Harbour Energy Share Discussion Threads

[bearnecessities33] 03/11/2023 08:36

I also bought a bit more/averaged down here, given present fundamentals, anything under £3.50 (minimum) now looks like a steal overtime, IMHO.

[thecomposer] 02/11/2023 16:19

@MickinVest, last year we had a “Trading and Operations Update” on 3 November, so based on that we are due an update here ASAP this month.

[mickinvest] 02/11/2023 11:30

Nice rise, tempted to buy more on it or average down would be a better description☹️

We due a trading update then?

[thecomposer] 01/11/2023 16:50

The fact that the anticipated November “Trading and Operations Update” here looks a bit delayed, may mean that there could be some M&A/JV cooking, as anything else would have had to have been highlighted via an RNS almost immediately, so fingers crossed.

[onlylongterm9] 01/11/2023 16:23

I agree. Weaker Pound v USD, higher O&G prices, less shares in circulation, and HBR’s international portfolio will all reflect positively in our results going forward (that is of course not counting any sudden unexpected geopolitical surprises!).

[luckyjoe999] 01/11/2023 15:58

Post from lse bb today:

AlexTrader0
Posts: 22
Price: 249.80
No Opinion
Today 13:01
RE: November trading update

Today, HBR has to undoubtedly be one of the most Undervalued/Oversold Share trading in all FTSE, IMHO, and now with diversified high potential PMO inherited assets included, no debt, plus a very decent dividend yield here, hence, anticipating some long awaited updates here in coming days while given current global environment, share price cannot stay at these illogically ultra low levels for much longer!

[dandigirl] 31/10/2023 14:30

Unfortunately we have saboteurs in 10 and 11 Downing Street.

[back2basics1] 27/10/2023 11:17

Brent Oil, UK & European Gas prices all continuing nicely on their upward/bullish trend here today, and very timely for expiring poor HBR hedges ahead (along with a weaker £GBP Vs. $USD in place):

[wbodger] 24/10/2023 20:33

Interesting takeover in US: Chevron offer for Hess accepted, apparently for a share of Stadbroek in Guyana. Other partners in Stadbroek: Exxon and CNOOC.

Perhaps someone will look at Zama? Also that discovery at Earn might tempt someone.

[ashkv] 20/10/2023 13:20

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

[back2basics1] 20/10/2023 07:42

Once again, Brent Oil, UK & European Gas prices all continuing on their upward/bullish trend here today (and with a continuously weakening £GBP Vs. $USD), timely indeed for expiring poor HBR hedges ahead:

[wskill] 18/10/2023 10:00

Less than 50% hedged presently and drops to 20% or so in 2024 so still good benefit from present oil and gas price.But I agree 40p per therm really poor, not HBR to blame for this a condition of lending by the banks.
Another bite of the cherry for them the hedge profits.

[back2basics1] 18/10/2023 09:24

Brent Oil, UK & European Gas prices all continuing on their upward/bullish trend here today, and timely for expiring poor HBR hedges ahead:

[monkeybusiness1] 18/10/2023 06:35

Dana Confirms New Hydrocarbon Find in UK North Sea

Dana Petroleum has confirmed a new hydrocarbon discovery in the UK North Sea, in a statement sent to Rigzone.

“Dana Petroleum, as operator, is pleased to confirm the discovery of hydrocarbons within the UK Southern Gas Basin ‘Earn’ prospect that sits immediately to the west of the Tolmount field,” Andrew Jones, the company’s head of communications and stakeholder relations, told Rigzone.

“All components of the petroleum system have been proven by well 42/27-4. The reservoir is gas saturated with thickness and properties within our pre-drill range of expectations,” Jones added.

The Dana Petroleum representative noted that net thickness, quality, and fluid content of the Permian age Leman Sandstone reservoir section have been evaluated using a series of logs, cores, and pressure measurements.

Jones added that Dana Petroleum is now executing a side-track, dubbed 42/27-4Z, “in order to confirm our understanding of the scale of this accumulation and to potentially establish commerciality”.

Dana Petroleum is a 50 percent partner, along with operator Harbour Energy, in the Tolmount Southern North Sea gas development, Dana notes on its website.

Following start up in April 2022, the Tolmount gas field reached plateau rates of around 20,000 barrels of oil equivalent per day, net to Harbour, in June 2022, and cash payback in September, less than six months after first production, Harbour states on its site.

In a release posted on the UK Department for Energy Security and Net Zero website last month, the UK government noted that it backs new oil and gas to safeguard the UK and grow the economy.

“While the government is scaling up homegrown clean energy sources such as offshore wind and nuclear, the UK still relies on oil and gas and this will continue to be the case over the coming decades,” the release said.

“As the government takes forward a pragmatic, proportionate and realistic response to the path to net zero, a key part of this will be maintaining our domestic oil and gas industry which underpins our energy security and boosts the UK economy,” it added.

In that release, the highlighted that the oil and gas industry adds GBP 17 billion ($20.65 billion) annually to the economy, supports around 200,000 jobs, and will provide around GBP 50 billion ($60.75 billion) in tax revenue over the next five years, which it said can be used to support the shift to cleaner forms of energy.

[brazilnut1] 17/10/2023 23:06

550p - 700p incoming 😂😂

[llef] 17/10/2023 13:05

interesting info on EARN - thanks to both posters for highlighting it.

[oilretire] 17/10/2023 12:56

Another article on Earn as I couldn't access the energy voice one. It's getting a quick appraisal via a side track too......Dana Petroleum is now executing a side-track, dubbed 42/27-4Z, "in order to confirm our understanding of the scale of this accumulation and to potentially establish commerciality"Https://www.rigzone.com/news/dana_confirms_new_hydrocarbon_find_in_uk_north_sea-17-oct-2023-174371-article/

[luckyjoe999] 16/10/2023 15:02

Post from lse bb today:

kign
Posts: 482
Price: 265.50
No Opinion
Today 13:29
RE: Break above the 200 moving average

No RNS but Earn (50% share) is a successful discovery next to Tolmount! 133bcf?

[farmerjohn1] 16/10/2023 14:33

Harbour Energy plc's (LON:HBR) Intrinsic Value Is Potentially 99% Above Its Share Price

Using the 2 Stage Free Cash Flow to Equity, Harbour Energy fair value estimate is UK£5.23

[wskill] 13/10/2023 19:33

Looking at the Hedges around 50% of production is hedged is it not so HBR should benefit from present high prices. Pity that having to put the hedges in place in the first place as a condition of the RBL.
At 40p per therm and $74 per barrel to end of 2023 on 50% of production not great prices against present prices but extra profit for the banks .
.

[cashisking76] 13/10/2023 16:13

The Oil Price Has a Safety Valve. Gas Doesn’t.

Even though oil flows are more likely to be disrupted by the tense situation in the Middle East, natural gas prices could be more volatile

[back2basics1] 13/10/2023 11:00

HBR Gas hedges will soon be expiring with current UK (and European) Gas prices trading around quadruple of where HBR’s extremely poor hedges (enforced by previous creditors) are priced today, hence looking at UK Gas and Brent prices here (HBR’s Oil hedges are also soon/timely expiring), HBR revenues can significantly grow if present prices hold (and/or even move higher!), I therefore believe that HBR shares are looking very very cheap at the moment but DYOR.

[llef] 13/10/2023 08:23

The uk gas price futures have spiked up this week, and are above 130 for the whole of 2024 now.

Commentators are saying its down to the ME conflict, and the gas pipeline sabotage between Finland and Estonia leading to worries about Gas pipleline security in rest of Europe.

Wonder if Harbour are hedging some more production at these prices?