Member Info for theancientmarine

Https://www.reuters.com/markets/deals/basf-says-government-review-wintershall-sale-expected-2024-01-18/

BERLIN, Jan 18 (Reuters) - German chemicals maker BASF (BASFn.DE), opens new tab said on Thursday that a government review of its $11.2 billion deal to give control over its energy business Wintershall Dea to Britain's Harbour Energy (HBR.L), opens new tab was standard procedure.

"The review of the transaction is in line with our usual and expected procedure," a company spokesperson said in an emailed statement.

This is normal procedure for a deal of this magnitude, it would actually be very surprising/concerning if they didn't review, UK side along with all shareholders will also do same/vote accordingly.

hbr generally has an outstanding long term outlook, and now especially post wintershall dea acquisition

- increased investment in our international growth projects which have the potential to materially increase our reserve life. this includes the exploration campaign in indonesia, where drilling of the halwa and ***o wells on the andaman ii license (harbour 40%, operator) is underway; and, in mexico, feed for the zama development and the drilling of the kan appraisal well

"Today’s update is totally irrelevant given the massive post Wintershall DEA M&A picture, by year end HBR will be the size of Aker BP, securely back in the FTSE 100, and easily more than double (if not treble+) of today’s market cap, today is only for day to day trades of whom we have a few here, like many other shares. GLA."

I agree Koko, unfortunately just bought a new car and no spare money to top up today, I wish I had the spare cash but all the best to anyone who does at the moment.

Another Solid Update Here By The Harbour Energy Team, Debt Free, Nice Dividends, Fantastic M&A, .......And A Great Year Ahead, Thank You!

Https://www.bnnbloomberg.ca/inflation-shocker-the-london-rush-1.2023000

Bloomberg

Tomorrow we’ll get updates from gambling giant Flutter, investment platform AJ Bell, DIY and electronics retailers Currys and Dunelm, as well as Harbour Energy.

Some of you may remember that just before Christmas, Harbour announced a $11.2 billion deal to buy Wintershall DEA assets in countries from Argentina to Egypt. The move was praised by analysts as it diversifies Harbour’s operations beyond the UK North Sea. Harbour’s shares, however, still seem to have some way to go — they’re currently trading below an agreed issue price to Wintershall Dea investors of 360 pence apiece.

"HBR is no longer the same company (although it was still very much undervalued even before the Wintershall Dea M&A and hence the 360p agreed premium), as with any share trading, there will of course be fluctuations here along with bad or good market days but HBR SP will be lot harder to manipulate and eventually guaranteed to be easily back in the FTSE 100 post deal closure."

Exactly, now looking forward to the assets & M&A updates along with dividends and potential Capital Gains ahead.

Correct, focus should be on the company fundamentals along with sound management, and by this very year end, HBR as an investment has an absolutely outstanding rewards to risk ratio to which markets will take notice IMHO.

Great new article with an interesting angle, thanks for sharing.

https://seekingalpha.com/article/4662852-harbour-energy-transformational-acquisition-resulting-in-7-percent-dividend-yield

2023 was undeniably a tough year for UK Oilers with an increasingly and clearly undoubtedly Unfair Windfall Tax/EPL in place by the Sunak government, now as the saying goes, when the going gets tough the tough get going, and Harbour Energy management have successfully done exactly that!

HBR by it's recently announced Wintershall Dea M&A deal has not only done an Outstanding job but has truly pulled a rabbit out of the hat while at same time further Exploring, Developing, and Producing from it's current/PMO inherited prolific assets (Indonesia, Mexico, Norway, UK.....), so much so that we now have the richest person in Mexico, and also one of the wealthiest Global Sovereign Funds (UAE Mubadala) amongst our partners along with others. HBR has also been proactive in Cost Management during a turbulent time in the North Sea O&G industry, and has now amazingly/successfully diversified globally and even optimised (Vietnam Sale) it's geographical portfolio in a timely manner, all hence why I (and seemingly many analysts) are increasingly optimistic on HBR for 2024 and beyond.

M&A in the spotlight: Which of the top quality oil and gas independents is next?

Harbour Energy's much-commended $11.2 billion swoop for Wintershall Dea has turned the spotlight onto the global independent oil and gas sector, where quality companies with excellent offshore assets are on buyers' radar screens.

https://www.upstreamonline.com/finance/m-a-in-the-spotlight-which-of-the-top-quality-oil-and-gas-independents-is-next-/2-1-1579667

"volumes are looking good including £2M Buy orders at 306 here"

I also noticed the £2M+ buy orders here today, that was indeed a decent premium for the day, now we await the key US CPI data due at 08:30 ET.

From the "Top 10 UK stock picks across sectors from US investment bank Stifel", I personally like HBR and EDV, however for reasons which I highlighted few days back on the EDV lse bb (please see relating post here below), Harbour Energy is IMHO Stifel investment bank's very best UK 2024 pick by a longshot.

theancientmarine

Posted in: EDV.L

Posts: 65

Price: 1,577.00

No Opinion

RE: Berenberg Bank5 Jan 2024 18:26

EDV Board of Directors should/could have put in more time and effort into finding a new proven, proactive, and potentially younger CEO with no baggage here and in the meantime, simply announced an interim CEO for the moment, time will only tell but EDV today has no time to waste IMHO.

Proactive Investors - 10 Jan 2024

Top 10 UK stock picks across sectors from US investment bank Stifel

IMI, Endeavour Mining, Harbour Energy and Jet2 are among the top 10 share picks for 2024 from analysts at Stifel, who were asked for the best investment ideas from their sectors.

Harbour Energy PLC (LSE:HBR) was picked by analyst Chris Wheaton for its “great” free cash flow (FCF), with the current valuation pricing in UK political risks.

He estimates the market is discounting at a 20% rate on the UK assets but Harbour’s Wintershall deal reduces UK to circa 35% of production and less than 25% of FCF, “so should drive rerating”.

With Britain's biggest North Sea oil and gas producer on course to become a major global player, investment bank Stifel upgraded its target price to 570p from 480p.

https://www.proactiveinvestors.co.uk/companies/news/1038025/top-10-uk-stock-picks-across-sectors-from-us-investment-bank-stifel-1038025.html

Harbour Energy’s $11.2bn acquisition will transform the North Sea player

https://www.cityam.com/the-11-2bn-acquisition-wintershall-be-better-with-harbour-energy/

Harbour Energy’s acquisition of Wintershall Dea asset portfolio presentation:

https://www.harbourenergy.com/media/tgqhvqlg/231221-transformational-acquisition-of-wintershall-dea-asset-portfolio-presentation-vfinal.pdf

Always nice & positive to see timely updates on here:

Harbour Energy Financial Calendar 2024

https://www.harbourenergy.com/investors/financial-calendar/

EDV Board of Directors should/could have put in more time and effort into finding a new proven, proactive, and potentially younger CEO with no baggage here and in the meantime, simply announced an interim CEO for the moment, time will only tell but EDV today has no time to waste IMHO.

Https://uk.finance.yahoo.com/news/3-cheap-uk-shares-d-154447050.html

Consumer goods behemoth Unilever (LSE: ULVR) is a great example of a company that looks to be (temporarily) out of favour. A cost-of-living crisis has pushed at least some consumers to switch from well-known brands to cheaper alternatives, hindering sales growth.

But it’s exactly these short-term headwinds that I’m looking for.

Right now, Unilever shares change hands for 16 times expected earnings. That doesn’t look screamingly cheap at face value. However, it’s lower than the valuation over the last five years. That’s the important bit for me. One should never compare apples with oranges, or Unilever with, say, a banking or oil stock.

With the economic climate still uncertain, it could be a while before the market warms to this company again.

Still, there’s a market-beating 4.1% yield in the offing as things stand. That’s more than enough to keep me patient until (I’m assuming) habitual spending patterns return.

Https://www.marketwatch.com/data-news/anglo-american-outperforms-market-despite-losses-on-the-day-a118a6d4-2236f8461b5c

Anglo American outperforms market despite losses on the day