Hold4Gold8 Jan 2024 10:25
Harbour Energy
The North Sea oil and gas company was clobbered by the government windfall tax last year, so has set its sights on expanding beyond the UK. Last month, it announced the $11 billion takeover of Wintershall Dea, which could double the size of the company. Wintershall, a German-based rival, has assets in Norway, Argentina and Mexico.
Quest analysts reckon Harbour itself could be a tasty target, even before that deal completes. As well as funding $2.1 billion of the deal from its own cashflow, Harbour has paid out $440 million in dividends in the past year, and has said it could be debt free in 2024.