Really what makes you so sure??? Could be alot of bad news in there i.e Zama, High Decommissioning costs, Lacklustre revenue because of hedged products are a ridiculous large workforce, No Decision on Sealion STILL and withering resources in north sea basin that all the major wanted to get rid off a few years ago. I think it will be overall very negative trading update IMO
I already re-bought into genel straight away and up +1%, instead of -0.25%.
Let me summarise why you shouldn't be excited to be invested in harbour
"Harbour shareholders have been sold out to only own a miniscule tiny 5% of a company- a company which have many run down assets with lots of decommissioning costs and large reduction of daily production coming over the next few years- Unless they invest heavily in seallion or something else. They have stupid hedged lots of production this year at ridiculous low cost and can't take advantage of the oil price rise this year. If the economy crashes again because of inflation/result of spending during pandemic, oil will tank in price.............harbour will be sadlled with 3 bln + debt, withering resources........and basically stumped".
Without high oil They won't be able to invest in new production....without huge dilution or refinancing
**** no ****ing words to describe this **** piece, sold out with £100, go **** yourself harbour. If it can't rise with $73 brent something is seriously gone wrong here. Bad news on the way and another 10% drop