Member Info for laidback

I have a strong feeling that Hbr will either be a takeover target, or will opt for a US listing within 12 month.

That's the ultimate destination for a chronically low valuation. This can't continue like this for too long imo

Dividend will be higher than 8.05 cents in Sept due to increase on $150m dividend pot, AND buybacks. I think we will see at least 10 cents per share.

All imo. Dyor

No guarantee EPL will ever be removed

Sekford

With a 75% payout radio we will be paying $1.7bn back to shareholders. That's insane

Looks like oil headed back over $100

I did tell you it was all a charade and that there was no prospect of peace until one side is clearly defeated. At the moment they both think they're winning!

Then you have substantially reduced outstanding shares. If they still distribute $300m, then its a bumper dividend fest at no extra cost to Harbour

Well we're well ahead of Howden's market cap now ... just need to keep it up for another day. Gl all

Laidback

If US remove blockade first, then Iran has the power, and US loses.

J

If Iran opens SoH first, then US has the power, and Iran loses.

Whoever blinks first loses. That's why there is a stand-off. That's why SoH ain't opening any time soon.

That's why there will be no 'deal' anytime soon.

Imo. Dyor.

@Kaberlaba the closure of SoH is damaging many oil fields in ME, as storage has ran out, and that is irreversible. US producers are shale, which has a short life cycle and needs constant drilling. But US shale has also peaked imo.

Next week we will see higher oil prices, as expectation of a 'deal' vanish once again. The SoH is not opening anytime soon, and $15m barrel per day remains absent from market. The upward correction in the oil price will be equivalent to a shorts squeeze.

Imo. Dyor

Hi

It's clear there will be no real deal. Its all a charade to fool the markets into thinking that everything is getting back to normal. They are just desperately trying to keep oil price low. Iran will never relinquish control of SoH, as that is real power. US and its boss Israel will never accept that.

Very soon the markets will price in the supply disruption which is very real. Oil is not moving through SoH. It is the calm before a huge rise to $150-$200.

There will be no deal imo. Its just opera to keep markets relatively calm and protect the world and more importantly, the US economy. But it is only a temporary plaster. The damage is too great to keep oil prices below $100 for long.

All imo. So dyor.

Laidback

NSS

You have plenty of reasons to be cheerful right.

$80 - $90 might be sweet spot to avoid global recession

Bounce back will happen, and it will fast and strong. Seen the pattern thousands of times !

Well i suppose we just need to be patient and wait for the big rise here, which I am sure will come with H2 results in August. I still have a £4 + share price target for 2026.

Gl all. Dyor

Sekford

I agree ... the market just can't ignore a $2 -$2.5 bn free cashflow against a mkt cap under £4.5 bn. I am almost certain yesterday there will be a rerate. If not, we are back to getting a 10% plus yield because of higher dividends and share buybacks.

Your calcs looks too good to be true, but I cannot see that there is anything wrong with them at all. If anything, probably on the conservative side.

Happy days, unless you need to sell before half year results.

Bring on August half year results !!

Imo. Dyor

*April 2025

In April 2022, Sp was @160p. After results in August 2025, it was @230p, a 45% rise.

My point is that we will see a rerate after August results, when cashflow strength becomes undeniable, and debt is reduced to @$5bn. I still think £4 + is possible if SoH remains closed for another month.

Dyor

I do believe the market is ignoring these very recent acquisitions, whose timing was almost perfect. Waldorf acquisition still being finalised btw, but should complete Q2.

Which other oil company has made such amazing acquisitions ?! That is why Harbour will stand out from the rest imo

But which is your favourite copper play?

Stevo12

Harbour gas already fallen over 5% due to anticipation of a peace deal. This is all theatrics. Brent is still @$100. Another month of this and high prices are more baked in. Demand destruction will be much smaller than supply destruction, as shut-ins permanently destroy oil field longevity. Higher oil prices are almost certainly here to stay.

Dyor

Didn't take long!