Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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“There are many other ways to invest £250k of your hard earned. Linda appears confident !”
Absolutely NasiRul, and especially when you already own circa £25 Million worth of shares (over 8.5M shares owned by her even prior to this purchase!). So indeed “Linda appears confident”!
I think sending you for a Maths lesson is actually required rather than a walk through !
She bought 86,000 shares.
The shares are £2.85 each
86,000 x £2.85 = £245,000 give or take.
There are many other ways to invest £250k of your hard earned. Linda appears confident !
I think it's a pretty good indication that things are progressing well with the Wintershall deal, she won't be able to purchase once she "knows" but the market hasn't been informed
That's a very chunky buy post-div ...
Yes,
Some very positive things happening here and the odds on the deal going through are getting better and better. I think production will be 460-480 BOPD when we first kick off but will hopefully rise well above 500k next year.
Im particularly excited about Algeria and all for us focusing there and cashing out in Mexico but who Im sure Harbour will make the right decisions.
Shorts Closing CONSECUTIVELY, HBR Director's Buying CONSECUTIVELY, and as for today, Linda adding a further ~£250,000 worth of HBR shares to her already massive portfolio (even by CEO standards!) with Brent nicely trading at circa $90, now looking forward to the upcoming company AGM followed by the ~500,000+ bpd resulting Wintershall Dea mega merger by Q4 this very year!
Https://m.independent.ie/business/corrib-gas-field-operator-challenges-states-windfall-tax/a1628932224.html
Be interesting to see how they get on. Will the WFT start to break? I know they are Irish but same applies surely?
86055 on an old calculator is Bboss.
She's sending a clear message that she's the Boss 😂
Post from ADVFN today:
MickinVest26 Apr '24 - 07:08 - 4635 of 4636
Interesting share purchase by CEO, roughly £250,000 spent when she already has plenty. The sp does seem a bargain with oil around $90.
Fantastic RNS! HBR CEO/Linda C. Buying More Shares Here and Clearly has Major Skin in the Game:
“Harbour announces that Linda Z. Cook, Chief Executive Officer, has purchased 86,050 ordinary shares in the Company ("Ordinary Shares") at an average price of 285.5 pence per Ordinary Share.
As a result of this purchase, Linda Z. Cook has an interest in 8,603,532 Ordinary Shares, representing 1.117 % of the Company's issued share capital.”
Good to see Linda buying but a strange and small amount?
I wonder what that’s about?
Oil up a bit so we could be on the move today…..
Great find Ancient M.
If ever anyone wanted proof that the deal is almost a cert, this is it...
Im keen on us cashing in on Zama and spending some serious cash in Algeria. I especially liked these comments.....
"Ms. Cook expressed Harbour Energy’s strong interest in Algeria’s energy sector and its commitment to “identifying tangible projects in the hydrocarbon sector in Algeria, capitalizing on the favorable investment climate.”
The discussions highlighted the mutual interest in exploring avenues for collaboration and investment in Algeria’s energy sector, leveraging the country’s abundant natural resources and expertise. Additionally, the meeting emphasized the potential for technological innovation and sustainable development initiatives within Algeria’s oil and gas industry."
https://wintershalldea.com/en/where-we-are/algeria
Https://oilprice.com/Energy/Crude-Oil/Standard-Chartered-Global-Oil-Demand-Will-Pick-Up-Strongly-In-May-And-June.html
Standard Chartered: Global Oil Demand Will Pick Up Strongly In May And June
Russian oil used last couple of years.
https://www.theguardian.com/environment/2024/apr/24/uk-helping-russia-pay-for-its-war-on-ukraine-via-loophole-on-refined-oil-imports
April 25, 2024
UK’s Harbour Energy, Algerian government discuss investment oil and gas opportunities
Partnership opportunities with Sonatrach in local and regional markets discussed
UK-based independent oil and gas company Harbour Energy discussed investment opportunities in Algeria’s oil and gas sector with the government officials.
The discussions were led by Harbour Company’s CEO Linda Cook and Algeria’s Minister of Energy and Mines Mohamed Arkab.
The two parties discussed co-investment opportunities in Algeria’s natural gas sector with Sonatrach, emission reduction and carbon capture and storage projects and partnerships within the framework of Sonatrach's strategy to expand its presence in the African market.
Harbour Energy is the largest London-listed independent oil and gas company with a leading position in the UK as well as interests in Indonesia, Vietnam, Mexico and Norway, according to the company’s website.
https://www.zawya.com/en/projects/oil-and-gas/uks-harbour-energy-algerian-government-discuss-investment-oil-and-gas-opportunities-co28336j
https://www.dzair-tube.dz/en/mohamed-arkab-meets-with-harbour-energy-director-british-company-expresses-interest-in-investing-in-algerias-energy-sector/
U.S. crude oil inventories decrease by 6.4 million barrels
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.4 million barrels from the previous week. At 453.6 million barrels, U.S. crude oil inventories are 3% below the five-year average for this time of year, according to the EIA crude oil and petroleum weekly storage data, reporting inventories as of April 19, 2024.
https://www.oilandgas360.com/crude-inventories-4-19/
To me you wouldn't put out such a statement unless you were pretty certain that it was all over but the shouting and that the partnership will definitely get the go ahead.
I'll take it as a serious positive.....
Wintershall Dea said on Wednesday that the current management board will step down after the transfer of its non-Russian oil and gas assets to Britain's Harbour Energy.
CEO Mario Mehren, COO Dawn Summers and CFO Paul Smith will remain members of the management board until the transaction closes and will then resign from their mandates, it said.
Stefan Schnell, currently senior vice president of Group Reporting & Performance Management at BASF, will be proposed as chairperson (CEO) of Wintershall Dea as of the closing of the transaction, expected in the fourth quarter.
Larissa Janz, vice president of special projects at Wintershall, would then assume the role of deputy CEO.
Harbour Energy agreed in December to acquire Wintershall Dea's non-Russian oil and gas assets in a $11.2 billion share and cash deal with co-owners BASF and LetterOne that creates one of the world's biggest independent producers.
Upon completion, Wintershall Dea's main tasks will include handling claims related to the expropriation of Russian assets, the sale of remaining assets and the closure of the headquarters' units in the German cities of Kassel and Hamburg.
Some 850 employees work at the headquarters, it said.
"To implement the required restructuring and ultimately the closure of the headquarters in a socially responsible manner, the company is currently negotiating a reconciliation of interests and a social plan with the works council," it said
ISRAEL STRIKES 40 HEZBOLLAH SITES IN SOUTH LEBANON
Hormuz coming ........
Russian, Ukraine
https://www.newsweek.com/ukraine-russia-drones-oil-refineries-smolensk-1893541
So another good market day that we appear to be missin out on. FTSE has run to an all time high but HBR just gradually drops
Perhaps nudging 300 the other week gave the price a nosebleed - at least we are holding 280 (290 pre-divi). Hopefully the run up to results will generate some interest
Another risk for Zama.
https://www.reuters.com/business/energy/mexico-oil-firm-pemexs-debt-with-suppliers-rises-173-march-2024-04-22/
Pretty quiet here today, even the loonies are on holiday.
https://www.***************************/harbour-energy-plc-23.1-potential-upside-indicated-by-jefferies/4121152599