Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Plus of course the share is xd so perhaps we are getting the usual drop....just delayed a bit
perfect...broker cut plus sudden drop in oil price = ****e day for hbr, albeit on typical low volume
Rookie you back in
I’ll take 20k shares at 279 for a trade.just to keep everything above board with jefff/jackabe
Spot on fog the mog, Banbury and his clowns have done nothing but ramp this and be wrong, every, single, time.
Jefferies cuts Harbour Energy price target to 350 (360) pence - 'buy'
Mike, it seems to have been the news that Israel no longer intends to retaliate for Iran's aggression.
Banburyboy, if I was as balls deep in North Sea oil as you've been over the last few years, perhaps I'd have to remain positive too. I suppose that's easier than admitting you've been royally shafted by the management of Harbour, Serica etc. I prefer telling it how it is, I'll leave others to "judge" whether that's positive or negative...
I'm only a holder since November so marginally in the green. But the share price collapse here over the last few years could never warrant puff piece nonsense about HBR management - it was also ramped on here all the way down from 500p. Truth can be painful.
Doe adjustment factors back to 1.2mmbbl, don't think it'll go down again until the US elections are over
Once again, always excellent to note, even further reductions in HBR Short positions as evident here today, now this being the FOURTH consecutive/back to back rapid reduction by GLG Partners LP (3, 4, 5, and 16 April 2024).
Let the trend be your friend!
https://shorttracker.co.uk/company/GB00BMBVGQ36/
Certainly looks like it....and the % reduction equates to about 1.45m shares
Perhaps thats been the reason for the strength in share price up until today?
Is that another short reduction?
Fund % Short Change Date Changed
Glg Partners Lp 0.88% -0.22% 16 Apr 2024
Reason for todays lurch lower in the oil price (conveniently timed for after Euro close) ??
Cant see any news stories as yet, or are they using a modest inventory build to play games with "paper-oil"?
Fogthemogg - just reviewed your last thirty posts. Happy to take an alternative view but every one is negative on a whole host of companies and unnecessary personal to multiple individuals.
You strike me as an individual who could cause a fight in an empty room. Good luck with whatever you choose to invest in.
OFFSHORE ENERGY April 17, 2024
Fresh oil discovery making room for potential tie-back to existing North Sea infrastructure
Norwegian oil and gas player Vår Energi has found more oil in the Balder area, located in the central North Sea off the coast of Norway. The company sees the latest oil discovery as a potential commercial candidate to be tied into nearby existing infrastructure in this area.
The latest Ringhorne North exploration well and two additional side-track/appraisal wells are located in production license 956, which is operated by Vår Energi (50%), in partnership with Aker BP (20%), Harbour Energy Norge (15%), and Sval Energi (15%). The drilling operations were done with the Odfjell Drilling-managed Deepsea Yantai semi-submersible rig eight kilometers north of the Vår Energi-operated Ringhorne field, about 200 kilometers northwest of Stavanger.
Torger Rød, Vår Energi’s COO, commented: “The discovery proves that there are still opportunities in the mature areas on the Norwegian Continental Shelf, and I’m glad to see that our near-field exploration strategy is paying off. We believe there is more value to be unlocked in the Balder area, and we are intensifying exploration activities to maximise value creation from the existing infrastructure.”
With estimated recoverable resources of between 13 and 23 million barrels of oil, the operator believes that the Ringhorne North discovery adds to its “already impressive exploration track record,” as the company has had a discovery rate of over 50% over the past five years, with costs of less than $1 per barrel post-tax.
Rune Oldervoll, Vår Energi’s EVP Exploration & Production, explained: “Our exploration portfolio is the basis to unlock and create future value. We are among the largest license holders on the NCS with roughly 200 licenses. Our commitment to explore for further resources remains firm. We have a highly experienced team, and we are also leveraging the expertise of Eni, our major shareholder, one of the most successful explorers globally.”
According to Vår Energi, the latest discovery supports its plans for continuous development of the Balder area as a long-term production hub in the North Sea, as this black gold find unlocks new resources and proves the northern extension of the Ringhorne field. In addition, the Norwegian player underlines that the Ringhorne North discovery de-risks more drillable prospects in the area and opens up potential development synergies with other nearby discoveries such as King-Prince and Evra-Iving.
“The reserves and resource base in the Balder area has been steadily growing for decades and we are convinced it will continue to do so in decades to come. We are positioned to produce high value, low emission barrels for a long time – and the latest Ringhorne North discovery is underpinning our long-term production targets,” added Oldervoll.
All quiet which for me as positive as Harbour quietly get on with business. We know we wont make much money this year but next year will be a great year with less spend and new wells coming online.
Drill results soon from Tangkulo and then we start drilling Kan 2 so plenty going on. Not to mention the huger gas fiend in Argentina coming online and multiple drills happening with Wintershall.
Harbour tidying up the decks for a very exciting future. The most important for me is that multiple major banks are literally prepared to lend them 1000s of millions of dollars. You really don't do that lightly and Harbour state they will be investment grade which is as safe as it gets.
Plenty of twist and turn to come and Ia particularly don't like the fact that BASF will be on their toes very quickly. Plenty of buy backs coming our way unless a new institutional investor comes in.
May could be an exciting month with AGM and other news re the deal......
So for now SSSH.....
Good Luck all.
NSS
*one
30 recommends for those puff piece marketing bullet points? Wow. The ramping crew are working overtime, that can only mean thing...
Hilarious that perma ramper NewKOTB felt the urge to repost it, but doesn't understand the difference between "loose" and "lose". Perhaps explains why he's been bagholding Serica and Harbour for years...
SittingDuck11, you forgot the bullet point that says: "Management successfully oversaw a 50% share price collapse, whilst allowing their private equity mates to slip out of the backdoor at 400p-500p."
P.S. Every man and his dog saw the EPL coming, yet Harbour were asleep at the wheel. The likelihood is that all the legacy investors will never break even, even if the deal proceeds.
Https://www.bloomberg.com/news/articles/2024-04-16/oil-traders-wager-on-250-price-by-june-as-war-risk-escalates
Bloomberg
Oil Traders Wager on $250 Price by June as War Risk Escalates
Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices would spike to $250 a barrel by June as geopolitical risks remain elevated.
Looks like this share is holding up well now so welldone everyone for holding ! , even with the current market turmoil going on now ! It sucks i became victim to the manipulation at 254p the day after the results were announced ! sold my full amount thinking the decline would continue for a week or so however the following day the bank released a re-rating including the deal this time around catapulting the sp to 262p ! and then it hasnt looked back since ! honestly banks are cheats (yeah screw you Goldman Sachs) .........
Harbour Energy - a reviewToday 09:17
To recap on managements performance and progress since Harbours inception -
1. Paid down over 90% of the debt, which amounted to 150% of the market cap. In doing so they have protected shareholders and the company. Oil could fall to $40, Harbour would survive thanks to this action.
2. Returned billions back to shareholders, introducing a sizable dividend that is comfortably covered by earnings and that continues to rise, AND bought back nearly 20% of the shares, returning more value to shareholders in a non taxable way.
3.Embarked on one of the boldest and ambitious takeover, buying a company five times their size, diversifying their portfolio all over the world which as well as offering shareholders protection from cowboy governments (no one saw the WF tax coming) will also significantly increase earnings.
Outstanding work, so far.
UK & European Gas prices have been performing very well recently with UK natural gas prices now surging to above 82 pence a therm, the highest level since December, and all while Brent prices also remain at around the ~USD $90 mark.
https://tradingeconomics.com/commodities
Jackabe/Jeff with his mutkptle accounts. About as real as Banbury boy and his made up Brazilian wife.
Keep talking about “money moving around the wheel” and 10 year yeilds and not calling anything right.
You’re a legend in your own mind pal. Embarrassing really.
Thanks Linda :) Nice of you to join us PIs here
To recap on managements performance and progress since Harbours inception -
1. Paid down over 90% of the debt, which amounted to 150% of the market cap. In doing so they have protected shareholders and the company. Oil could fall to $40, Harbour would survive thanks to this action.
2. Returned billions back to shareholders, introducing a sizable dividend that is comfortably covered by earnings and that continues to rise, AND bought back nearly 20% of the shares, returning more value to shareholders in a non taxable way.
3.Embarked on one of the boldest and ambitious takeover, buying a company five times their size, diversifying their portfolio all over the world which as well as offering shareholders protection from cowboy governments (no one saw the WF tax coming) will also significantly increase earnings.
Outstanding work, so far.