Member Info for sittingduck11

Its not aften that a FTSE company paying a dividend above 10%, is comfortably covered by earnings.

A lot still hinges on the price of oil.

But what these results have done is reassured us that Harbour Energy is much more robust then any of us anticipated. We knew the WD deal would provide underlying strength, but there we doubts creeping in, now we are seeing it translated into number during a period of collapsing oil prices. And if oil dropped to sub $50, which it could, Harbour will be fine.

I'm fighting the urge to buy more.

It's been and gone Dark_Knight2020

So far, so good.

Significant free cash flow generation reduces net debt by $0.5 billion

First quarter free cash flow of $0.7 billion (Q1 2024: $0.1 billion), reflecting the timing of tax payments and phasing of capital expenditure

2025 free cash flow outlook updated to c.$0.9 billion, assuming $65/bbl and $12/mscf for Q2-Q4 (previously $1 billion at $80/bbl and $13/mscf)3

Well if you're a clown Nitro then between the rest of us we're a travelling circus. This share has shown us all up. That being said when oils getting crushed we can't do much else other than hunker down and ride it out with 80% of the rest of the energy investors.

When oil went past $100 in 2022 old Harbour went to over 500p. If and when oil goes back to $100, provided a revolutionary energy source isn't discovered in the meantime, new Harbour in theory should comfortably surpass 500p.

That was not capitulation. Oil is still falling. I'm not talking about Harbour, I'm talking about oil. There is further to fall i'd say. When oil reverses, so will Harbour, and every other oil and gas company.

"Capitulation refers to the point where investors, driven by fear and panic due to a prolonged decline in prices, decide to sell their holdings at any price to stop further losses. It's essentially a mass sell-off, often leading to a sharp drop in stock prices."

I sense capitulation is not far away.

What a time to buy.

Putt*

fat finger

Fog you are like that geezer from Happy Gilmore following him round the course. Harbour being Happy.

"You will not make this out! You Jackass!"

https://www.youtube.com/watch?v=2r7MLh5Q8MI

Tullow Oil is down 68% from 2024 highs.

Harbour is down 54%.

Harbour in 2023 is a completely different company than Harbour is 2024.

Basing it on the share price I tend to agree regarding LC.

Why do you think the deal was a big mistake? There were some big players in for WD so Harbour may have over paid to sweeten the deal but that's what it takes when you're a minnow. And because of that deal Harbour are no longer a minnow, in production terms. Obviously in hindsight you can criticise, but there is nothing easier. Ultimately the business must grow if it is to secure it's long term future and that's what its done. And something that I harp on about time and again is that Harbour is not the only company getting clobbered right now. The supermajors are getting away with it and one or two others but overall its everyone. So I appreciate we want to focus on why Harbour is getting hammered, but why is OXY getting hammered? Why is Apache getting hammered? and so on and so on... heck even BP are getting spanked (more poor earnings today). Oil is getting pummelled and sentiment is in the toilet. There's the answer.

It's about endurance at this point, and Harbour look to have plenty of runway thanks to the WD deal. IMHO. GLA.

Buys Chevron, Exxon and BP stock

https://www.youtube.com/watch?v=4tf5ZulYozE

Apache: (approx)

Daily production - 455,000 BOE; adjusted production was 385,000 BOE per day (in 2024). 2025 Expected to be "around 396,000 BOE per day."

Debt - $6bn (added over $2 billion of debt with the Callon acquisition.)

2024 FCF - $840m

Reserves - 2P: 1bn BOE / 2C : ?

Share price decline from 2024 high - 55%

Market Cap - $6bn

Harbour: (approx)

Daily production - 450,000 and 475,000 BOE per day 2025

Debt - $4.7bn

2024 FCF - NA

Reserves - 2P: 1.2bn BOE / 2C : 1.9bn BOE

Share price decline from 2024 high - 53%

Market Cap - $3bn

I'm sure there are some key fundamental differences that separate these two, but on the face of it, they look very similar.

No point talking about that until there is something to talk about.

Bots lmao

When Sky News are telling him its a stupid tax.... dare i say we might be close to the end of the madness. The pressure is starting to mount on this clown.

Seeing lots of stories/interviews in main stream media criticising the WFT. Interesting.

Welcome back.

Added yesterday also.

Why? Don't know.

Haha what a wally.

No such thing as bad publicity.

Relentless