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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
Https://www.ft.com/content/afe3c68d-1b77-4a2f-9055-22c72f06c48d
“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”!
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.
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
Jefferies Financial Group Reiterates "Buy" Rating for Harbour Energy (LON:HBR)
https://www.marketbeat.com/instant-alerts/lon-hbr-reiterated-rating-2024-04-18/#google_vignette
And hopefully tensions will not rise.
“3 UK oil stocks to invest in as Middle East tensions rise”
https://uk.investing.com/news/stock-market-news/3-uk-oil-stocks-to-invest-in-as-middle-east-tensions-rise-3441443
“3 UK oil stocks to invest in as Middle East tensions rise”
https://uk.investing.com/news/stock-market-news/3-uk-oil-stocks-to-invest-in-as-middle-east-tensions-rise-3441443
3 UK oil stocks to invest in as Middle East tensions rise
https://uk.investing.com/news/stock-market-news/3-uk-oil-stocks-to-invest-in-as-middle-east-tensions-rise-3441443
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.
Post from ADVFN today:
Onlylongterm916 Apr '24 - 07:28 - 4626 of 4627
0 7 0
Yahoo Finance, 15 April 2024
“Is a comeback on the cards for this FTSE 250 stock?”
Harbour Energy (LSE:HBR) is a FTSE 250 stock that looks set to re-join the FTSE 100 in 2024. Not because of exceptional growth in its share price but due to an impending deal that’s likely to transform the scale of its operations.
Although the transaction is still subject to shareholder and regulatory approval, both are expected to be forthcoming.
The largest energy producer in the North Sea has agreed to acquire the upstream assets of Wintershall Dea. The transaction will be funded through a combination of cash (£1.7bn), the issue of new shares (£3.3bn), and the taking on of debt (£3.9bn). Excluding the loan notes, the company is valued at £5bn.
Add this to Harbour Energy’s current market cap of £2.2bn and it should be enough to see it return to the premier league of listed companies. The company was previously relegated from the index in December 2022.
Under the proposed terms, the current owners of Wintershall will receive 921m new shares, bringing the total post-transaction number in issue to approximately 1.69bn. The share price should then be 426p — a premium of approximately 48% to its current value.
The deal is expected to increase Harbour Energy’s annual production by 2.5 times and improve its margin. Post-merger reserves should nearly quadruple.
Harbour Energy (HBR) Share Forecast & Price Target
HBR Stock 12 Months Forecast (prior to recent Brent price rises):
Based on 5 Wall Street analysts offering 12 month price targets for Harbour Energy in the last 3 months. The average price target is 406.25p with a high forecast of 545.00p and a low forecast of 360.00p. The average price target represents a 40.45% change from the last price of 289.25p.
Highest
545.00p
Average Price Target
406.25p
Lowest
360.00p
https://www.tipranks.com/stocks/gb:hbr/forecast
Today’s RNS - Harbour Energy Director shares purchases, which is always excellent to see:
“Harbour announces that Alan Ferguson, Independent Non-Executive Director, has purchased 10,000 ordinary shares in the Company ("Ordinary Shares") at an average price of 283.39 pence per Ordinary Share.
As a result of this purchase of Ordinary Shares, Alan Ferguson has an interest in 24,203 Ordinary Shares, representing 0.003% of the Company's issued share capital.”
On 7 March 2024 Harbour declared a proposed final dividend for 2023 of 13 cents per ordinary share to be paid in GBP at the spot rate prevailing on the record date. This dividend is subject to shareholder approval at the AGM, to be held on 9 May 2024. If approved, the dividend will be paid on 22 May 2024 to shareholders on the register as of 12 April 2024 (the record date). A dividend re-investment plan (DRIP) is available to shareholders who would prefer to invest their dividends in the shares of the company. The last date to elect for the DRIP in respect of this dividend is 26 April 2024.
https://www.harbourenergy.com/investors/shareholder-information/dividends/
upstream 28 march 2024
mubadala spuds key ultra-deepwater well offshore indonesia
success at tangkulo could boost touted andaman gas hub project
united arab emirates operator mubadala energy has spudded its second well on the south andaman production sharing contract offshore indonesia, where it is hoping to find additional reserves to support the exploitation of its recent ultra-deepwater layaran discovery, which has potential to be a 6 trillion cubic feet-plus gas field.
upstream regulator skk migas confirmed that mubadala on sunday had started drilling operations on the tangkulo-1 exploration well, south of layaran.
the well is located 166 kilometres northeast of banda aceh city and 67 kilometres north of lhokseumawe in aceh province, and is being drilled by seadrill’s drillship west capella.
upstream has twice attempted to contact mubadala via the portal on the company’s website for possible comment and details on tangkulo.
mubadala, its south andaman partner harbour energy and bp — which is co-venturer to both other companies on the adjacent harbour-operated andaman ii psc — are already considering options to exploit gas discovered in the area including as liquefied natural gas or potential pipeline exports to singapore, malaysia and thailand.
following december’s success at layaran — the exploration well flowed at more than 30 million cubic feet per day of gas — the west capella moved to the andaman ii block to drill wildcats on harbour’s halwa and ***o prospects. the halwa-1 well delivered low gas saturations while the ***o exploration well resulted in a small gas discovery, which was tested.
andaman ii is home to the 2022 harbour-operated timpan-1 discovery that tested at 27 mmcfd of gas and 1884 barrels per day of associated 58 degrees api condensate. halwa lies to the northeast of timpan while the recent ***o discovery is located to the southeast of timpan.
on completion of the ongoing tangkulo probe, mubadala plans to drill an appraisal well on the layaran structure, thereby adding a fifth well to the drillship’s current charter.
head of skk migas’ programme and communications division, hudi suryodipuro, said the potential for oil and gas reserves in the andaman region is still quite large, adding that the regulator continues to encourage and supervise companies operating in the region so that they can realise all their activities in accordance with the agreed 2024 work programme and budget.
co-venturers in the south andaman gross split psc are operator mubadala with an 80% interest and premier oil (harbour) on 20% while harbour has a 40% operated interest in the andaman ii psc where it is partnered by mubadala and bp with 30% apiece.
Always good to see Harbour Energy amongst the top picks:
Investors Eye Undervalued AI, Energy Sectors for Growth
Fears surrounding the inflation of stock market evaluations have resulted in investors pivoting their interest to AI companies and the energy sector. These sectors are currently viewed as undervalued, promising immense growth potential for investors who are willing to shift away from traditionally profitable markets.
German investment bank strategist, Jonathan Stubbs, suggests the U.S. and European energy sectors are at historical trading lows. He insists a aconsideration of these sectors could provide profitable opportunities for diversified portfolios amidst fluctuating oil prices and increasing reliance on renewable energy sources.
Historically, the energy sector has experienced undervalued levels only three times in the past four decades, with each instance followed by a market surge for oil and gas stock investors. These patterns suggest potentially aggressive future returns. However, they also serve as a reminder of the risks inherent in any market movement.
A recent analysis by a reputed bank used a unique measure combining price-to-earnings multiples, dividend yields, and price-to-book multiples to assess the sector’s worth, specifically highlighting the European oil and gas sector’s undervalued status. The assessment suggests the current market conditions may present an excellent opportunity for investors.
According to the bank, the trailing price/book multiples show the European energy sector to be the most affordable it’s ever been, even considering potential market volatility and uncertainties. The bank identified five “top picks” for investors wanting to diversify their energy portfolio, including Shell, TotalEnergies, Harbour Energy, Saipem, and Energean. These companies were selected based on their financial performance, growth potential, and commitment to cleaner energy sources.
Jonathan Stubbs emphasizes the energy sector’s potential for sustained investment amidst robust financial performance and strong balance sheets. This could result in continuous investor rewards and long-term returns, particularly through share buybacks. Investors seeking unique opportunities for growth might find them in the currently undervalued AI and energy sectors.
Yahoo Finance Tue, 19 March 2024
1 ex-FTSE 100 stock that I think will get promoted soon
Each quarter, the FTSE 100 and FTSE 250 have a reshuffle. Based on the rise and fall of the market cap of a stock, it could get promoted or relegated from either index. The largest companies sit in the FTSE 100. Here’s one firm that used to have a seat at the top table that I think could return shortly.
In the hot seat:
I’m talking about Harbour Energy (LSE:HBR). Back in late 2022, it was demoted out of the main index down to the FTSE 250, which is where it currently sits.
The business has been performing well recently, with the share price up 11% over the past year. Back in late December, the stock jumped on news that it had agreed to buy the upstream assets of German oil and gas producer Wintershall Dea. This gives Harbour Energy a much broader asset base around the world and will help for diversification purposes.
Habour Energy also has momentum when I consider the rising oil price. Brent crude recently hit levels not seen since last October and is above $81 per barrel right now. Should this continue to move higher into the summer, it should support higher earnings from the business.
Why promotion could be close:
From purely a numbers stand point, the stock could be due to rise up to the FTSE 100 soon. It currently has a market cap of £2.14bn. In comparison, St. James’s Place (which is in the FTSE 100) has a market cap of £2.33bn. Obviously we’ll have to wait for the final figures come the next quarterly rebalancing, but it’s clear that Harbour Energy isn’t far away.
Even if it doesn’t quite make it this time, the trajectory of the share price should mean that it will get to the top table at some point this year. Granted, past performance is no guarantee of future returns. But if the share price keeps rising, the market cap should also increase. As a result, this should help it to be in contention versus FTSE 100 stocks that are falling in value.
How it could help the share price:
One of the benefits that a promotion would bring is the buying demand from index funds. A FTSE 100 index fund has to purchase any new stock, and sell any that get demoted. This naturally acts to help the share price, at least in the short term.
Even though FTSE 250 index funds would sell Harbour Energy shares in this case, the index tracker market for the FTSE 100 is vastly larger than the FTSE 250.
Further, getting back to the FTSE 100 would give Harbour Energy more publicity and potentially open it up to new investors. For example, I know some of my friends that only want to invest in the main index.
Of course, I shouldn’t simply buy the stock because it might get promoted. Rather, this is a side benefit. The main reason I’d look to buy would be due to the fundamentals of the business. As a result, it’s a stock that I’m thinking about buying shortly.
O&G prices seem to be rallying this morning, interesting article here out over the weekend:
“Oil Could Rise More than Anyone Expects This Year”
https://oilprice.com/Energy/Oil-Prices/Oil-Could-Rise-More-than-Anyone-Expects-This-Year.amp.html