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NSS

Well the buybacks are only 54% effective. 46% of their effectiveness is cancelled out by BASF selling.

Interesting question about what would I do if I were BASF…

For me I’d sit on my 46.5% stake and take the dividend. I’d also be very aware of my position as king-maker. With their stake, not only can BASF determine if a takeover happens but also at what price (probably). For example if a vote is required and BASF poll against HBR, HBR would need to secure 93.5% of the remaining votes.

However, this may not be a bad thing for investors. It’s unlikely that BASF would accept a lowball offer for the company given that they have a much higher average cost per share.

To be fair Lizzie struggled with the BASF question. I felt she was a sentence away from requiring an RNS and knew it.

Overall the company is doing fine and the divi is attractive and sustainable. The SP will follow in time.

Never sell shell.

It was an online IMC meeting. If you wait 24 hours (for the recording) you can attend it too ;-)

So my take from the meeting is that BASF are keeping their % in HBR whole as the buyback continues. So as HBR buyback, BASF sell.

Thus the buyback has no impact on day to day trading, but the overall number of HBR shares is reducing - thus reducing future dividend payouts (in terms of their cost).

Is that right?

Https://www.dailymail.co.uk/news/article-15148697/Not-zealot-green-energy-Rachel-Reeves-signals-North-Sea-climbdown-blow-Ed-Miliband.html

Three things need to be resolved to bring the punters back : in order of importance (debatable).

1/ Registering a profit.

2/ BASF divestment

3/ Clarity on the EPL

We should find out more about 1 & 2 tomorrow.

Results are likely to show HBR doing all the right things -

The shareprice will continue to be lacklustre.

Nothing Lizzy can do about it - so no need to give a hard time.

Last year I found her to be a very knowledgable representative. Look forward to the update.

Be careful with your price predictions. Quickest way to look like a fool. Be even more careful before telling other people what to do with their money.

Personally I hope you’re right tomorrow, I have a sizeable divi to reinvest tomorrow (after the fomo rush).

Simply Wall Street??

It’s one of those websites that investors look at until they know better.

Getting fed up with the dividend being cut through USD depreciation following FX conversion.

Wish harbour would do their admin in GBP.

As for the current SP dip; it’s getting tiresome, but then my divi arrives next week!

With USD value sharply declining over the year, you’d expect the oil price to be up.

Eventually companies will simply ignore the dollar price and set their own price. The dollar is cooked as a reserve currency.

After years of ‘net-zero’ nonesense and spin we get this:

“The use of oil and gas will continue to climb for decades, according to a draft of the International Energy Agency’s annual report.”

https://www.bloomberg.com/opinion/articles/2025-09-11/peak-fossil-fuel-demand-is-a-crumbling-myth?embedded-checkout=true

The perception of investors towards fossil fuels and producers is slowly rebalancing. Patience is needed because attitudes die hard, but by investing in harbour, it’s nice to be ahead of this sentiment change.

Hold fast.

The timing will be perfect if I can just sink my divi in before we rerate.

Dark Knight

Agree with both of your last posts.

Move on all

Sorry Heisenb3rg and Dark-Knight but I don't think someone's political views, however misguided you think they are, is a justifiable reason for rubbing someone out.

No doubt the killer thought he was taking the moral high ground when he pulled the trigger.

Extreme lefties- ffs

The price has revisited a key support/resistance line of 219p which before the recent Trump tariff drop, provided a fundamental support over the last 5 years (see weekly 5 yr bar chart).

I believe we’ve broken this following the half year results surge beyond 240p, but we’re back and retesting it. Once the market (all of us) is happy, I expect the bull trend to continue.

Imho

Last year the “trading and operations update” was on the 7th November. So we’re a little early, assuming that’s what it is??

“An update following half year results” rather suggests that it is updating investors on something that was mentioned in the half year results????

If so, what? Or am I reading too much into this early update.

Investor Meet Company:

HARBOUR ENERGY PLC will be holding a Update following Half Year Results meeting on 1st Oct 2025 at 11:00am BST.

UK-based oil and gas company Harbour Energy said on Tuesday that Argentina and Mexico are crucial to its future growth strategy.

Speaking at an investment conference organized by Barclays in New York, CEO Linda Cook said that Argentina and Mexico, together with the UK and Norway, were the four most important countries in the company’s portfolio.

With 600 million barrels of oil equivalent (Mboe) in Argentina and 400Mboe in Mexico, the two Latin American countries are the largest contributors to Harbour’s resource base. In Argentina, there is potential to add another 1 billion barrels of resources, Cook said.

In Mexico, Harbour aims to reach a final investment decision (FID) at the Zama and Kan discoveries “over the next year to year and a half.”

FID at Zama has been delayed by disagreements among partners, which include operator Pemex, Grupo Carso and Talos Energy. At the smaller Kan discovery, Harbour is the operator and holds a 70% stake.

—————-

For more in this article: - especially exciting comment on Argentina shale see…

https://www.bnamericas.com/en/news/argentina-mexico-top-harbour-energys-global-growth-ambitions