Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
? After shorts still on the attack?
Just because the shares are shorted to death by hedge funds = trading genius FFS - A close period is a period, usually of two months, prior to the release of results during which directors and other insiders are not allowed to trade in a company's shares. Please get real. Curb your greed.
Raw nerve hit - after too many dumb posts. GLA Signing off BH.
Jefff, if they can sell everything to China, which is in recovery post lockdown, why would they cut output by 500kbpd - explain!? Maybe the price is hurting. They maxed the exports just before embargo. HBR are not Enquest, they have the cash and more than enough finances to advance ALL projects and move past the NS EPL fiasco, will take time but expect big moves this year. Are you NOFEAR and Rookie paid per letter? Well played guys. HBY. Really enjoying how low you can go on a very balanced objective analysis.
jefff JEFFF, they walked away from Norway because gas prices in Nov peaked at +600p/therm FFS what are you a rotating roll - gas now -80% cheaper FFS Good business my man - . Grow up and get your facts right. By waiting 4 months that asset will be 50% cheaper. Do you understand BUSINESS you muppet. Buy at the bottom. FFS
Megla your forecast are as shxt as mine, they are based upon NO M&A when the CEO is telling you otherwise - mine are so lets so who wins. Stop repeating the same, HBR said NO GROWTH in the NS FFS whats the matter with you, basing figures purely on the NS - they will invest this year overseas. Yes you are short son all posts -VE invest elsewhere like ENQ. Difference HBR & ENQ scale to grow, Enq did not commit to divi or SBB and did cut back production . FCF$500 m- does not buy a lot and opex +10%- screwed by EPL. HBR is +$2bn this year a springboard for M&A FROM OLD ASSETS THAT YOU THOUGHT WERE MERDE FFS - Plus M&A every 2 years - secure next buy Yr 0, rationalise Yr 1 Grow and integrate Yr 2 done & repay debt - The model works - - next deal FFS. Megla your investment strategy is based on hedge funds holding HBR down son, when they RUN and that won't be long. HNY I'm happy here getting in cheap for the divi - which you will have to pay back - well done for a balanced view. FFS
The point I'm making is that I take a balanced approach. there are many -ves and many +ves (a lot ignored for profit. if your CEO is stating clearly the next move is overseas M&A in writing, in public FFS listen and read the presentation. As far as I'm concerned - I have no reason to doubt HBR will undertake a material International M&A this year and I have built that into to my investment view. It has a +$3bn war chest, willing financiers, more importantly may opportunities are out there. It is clear HBR does not want UK based M&A production - slide 12. Finally O7G prices are NOT overstated - so accretive value clearly exists. GLA - Companies like ITM and CERES and valued on Potential, HBR has no upside potential attributed to its SP, that's why I think it is undervalued - the Q asked earlier.
HBR owes its existence to M&A and every negative post evades this massive opportunity in the risk balance mix. -
HBR Business plan– discuss creatively and positive and negative assets of any business to get a balanced view.
The primary purpose of a business plan is to establish your plans for the future. These plans should include goals or milestones alongside detailed steps of how your company will reach each step. The process of creating a roadmap to your goals will help you determine your business focus and pursue growth. HBR have set out their business plan
1. Harbour was created through material M&A – Investor Presentation Slide 5
Acquired shell 2017, then Conoco 2019 and PMO merger 2021 – every 2 years and has a clear track record of repaying acquisition debt despite huge vagaries within the O&G prices over the last 7 years. FACT – which skews strongly to the desire and aptitude to repeat the process – in an immediate time frame. Proven track record = available funding to hand
2. Investor presentation Feb 23 – slide 11 Ambition to diversify and grow Internationally via M&A
The slide has a flat line for UK NS growth and the main focus of growth being International – specifically mentioning accretive M&A. Quote TU 19th Jan 23
As a result, the EPL necessitated a review of our future activity levels in the UK and reinforced our ambition to grow and diversify internationally. As we look to 2023, we enter the year in a strong financial position and with plans to advance a number of exciting opportunities. As always, we will remain disciplined and very focused on optimizing the allocation of our capital between the balance sheet, investment in growth and shareholder returns.”
Quote Shell JAN 23
Shell Nearly Sold Its Norwegian Oil And Gas Assets In Late 2022
hell held talks last year with the biggest UK North Sea producer Harbour Energy to sell its oil and gas fields offshore Norway and some mature assets offshore the UK, but a deal ultimately couldn’t be reached due to price volatility, company sources told Reuters on Tuesday. Shell, as well as other majors, have worked in recent years on streamlining asset portfolios to focus on the most profitable projects. Back in 2021, Shell said that its oil production peaked in 2019 and is set for a continual decline over the next three decades as it looks toward the renewables side of the business. Shell said its carbon dioxide emissions also likely peaked—a year earlier, in 2018.
The UK-based supermajor and Harbour Energy were in the advanced stages of talks for the sale at the end of 2022, according to Reuters’ sources.
Since Q4 2021 the value of O&G deals in the market has increased by 17% to c. $160 billion
3. Disciplined approach to M&A with focus on strategic fit and value creation – Slide 12
Improved recovery, added reserves & extended field life via investment Prudent risk management:
hedge to lock in returns and rapid deleveraging Added >150 mmboe of 2P reserves to the asse
jefff I put up a good argument for discussion then you close it deliberately based on the above subject - fecking low ball crep - come on FFS - Please grow up FFS. Child
What is the fecking matter with you FFS Grow up - this inappropriate for a HBR BB I will report this Weirdo...
That's if they keep it at $200m pa and not increase it - I can't wait for the FY22 presentation - with more news on M&A. There's been a lot of pressure to push this SP down - from US - Jobs report CPI PPI and huge EIA stock build - SBB finished as every poster today reaffirmed - as if we didn't know and we've held the SP. I was hoping to buy cheaper - after riding the last wave. Still?! UK Oilers are so cheap - we obviously NOT interested - CNE is a $700m cash in hand basket case FFS with all overseas production - so anyone saying O&G is over priced is BS. GLA - Huge playing field with a $3-3.5bn war chest - could be 2 staged acquisitions in my opinion. HNY.
Ops
jefff, keep posting on a more narrow width band of relevant relatable facts for HBR, peers O&G and global\ big Oil opportunities or failures. I get fed up with non cohesive rantings - that feeds into a certain group of peeps. It's not me jefff. but you have had more posts deleted than the Tory cabinet over the last 3 years. GL.
That's more like it jefff - relevant facts. Thx BH
Steveo - acq'n + output 300k in 2023 - totally agree, solid post. Thx GL
F'ing luz it, burn baby burn
Sorry Rookie, FACT HBR has the best sales to debt ratio of them all and EBITDA. Is that waffle FFS or FACT, which you can't deny or criticise only BS.
Would I put my investment trust purely on a Hedge funds take on HBR?!!!
The Shorting mafia here forget, once their back cover is gone, their position will evaporate. Yet - in time the pure at heart positions on the fundamentals of mega profitable business will prevail. Why?
SALES TO DEBT - EBITDA TO DEBT
1. ENQ - Sales $1.9bn - debt $0.9bn output Eh - 50kboepd - x 2 Cover
2. TLW - Sales $1.8bn - Debt $1.9b Cover < 1 Output 64k boepd
3. BP EBITDA $60bn - Debt $21n cover <3
HBR Sales $5.4bn - Debt $0.8 bn cover x 6.75 - EBIDA cover $4.1bn - x 5.1 - Unbelivable Jeff!
Now come on kids where is the ramping in this? - HBR Sp discount is due to Hedge funds ONLY - EPL is manageble. NOT Linda - she did not CREATE the EPL - so the underhand,low ball, backstabtrosous sledging of our CEO is merde. When she gets the M&A sorted you guys will burn. Share vol today +10m - £7m traded in one deal shorts closing.
Look ladies get out soon, HBR will rise on FYR. Question, do short position have to pay back the divi?? Our divi per share is up +10% due to SBB and apes on here say the SBB is a waste of time FFS. second ! is Brent over $83? HNY
Rookie = it's easy to run with the foxes and hounds - as Hartman says in Full Metal Jacket - are you a Peter Puffer? Son. Make a claim up or Down. Good guy SP up - expert shorter share down - Get help FFS
Acquired PMO mega cheap - brought Tolmount on line, struck major find in Timpan - enough!!!