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This newly confirmed discovery is the second consecutive successful well for mubadala energy in the andaman area, coming after the success of timpan-1 (harbour operator, 40%) in andaman-ii, which itself came after the success at cengkih-1 in sk320 in malaysia. these discoveries add material contingent volume and provide a platform for continued growth for mubadala energy in the region.

while confirming the discovery at the layaran-1 well, harbour energy highlighted that the well was the first in a four-well exploration campaign targeting the same oligocene play as the timpan-1 well drilled on andaman ii in 2022. the harbour-operated halwa and ***o wells on andaman ii are next on the rig’s drilling agenda.

This is indeed a major discovery foe SE Asia, Mubadala, and of course Harbour Energy where I now expect so much more from their Indonesia, Mexico, and Norway assets from 2024 which along with timely M&A will significantly help diversify Harbour Energy as a Key International O&G player.

ULVR will likely be extremely cautious prior to engaging in any notable M&A activity, especially post the fiasco of GSK/HLN bid attempts by the previous ULVR CEO Alan Jope which probably cost him his job!

Fortunately, markets are almost never rational, and that's where opportunities are created for the sufficiently patient investors.

Abu Dhabi's Cash Rich Mubadala Energy is an excellent partner to have on such a significant international discovery:

The 'well encountered an extensive gas column with a thickness of over 230 meters in an Oligocene sandstone reservoir', Mubadala Energy said in a statement. "A complete data acquisition including wireline, coring, sampling and production test (DST) were conducted. The well successfully flowed over 30mmscf/d of excellent gas quality."

HBR is a sleeping giant and hence multibagger in the waiting, so please tighten your seatbelts.

Absolutely Fantastic and Long Overdue News! Following on the last HBR "Trading and Operations Update", I was rather expecting some good news here and as I've said before, I believe this is now the first of many positives for HBR, great times ahead, finally!

As I've said before, Harbour Energy is undoubtedly a Multibagger in the waiting and needless to say, you can never time it perfect. I strongly believe that we can expect potentially game changing positive updates here via both organic growth (Outstanding "International [and UK] growth projects advancements") and Inorganic opportunities ("Material M&A") in coming weeks ahead. HBR clearly looks efficiently managed, and amazingly for an Oiler, it has no debt, expiring hedges (along with Tolmount East production now underway), cost management initiatives also in place for this clearly high potential Multibagger stock.

"If/When we get some positive updates on Exploration from any of our assets (Indonesia, Mexico, Norway,…..), as is usual for Oilers, that will then be a major game changer for HBR SP, and possibly even more so than M&A news, until then, I believe we’re already at the bottom here and patience is a virtue."

Sounds like an obvious statement! Lots & lots going on here concurrently but at the moment it's only low trading volumes along with few day traders so cannot expect much until serious inevitable company updates.

CONTROL EMPRESARIAL DE CAPITALES, S.A. DE C.V. (Carlos Slim Family) now not only have so far rapidly obtained a +5% stake in HBR but also a 49.9% stake in Talos Mexico (all co shareholders/owners in the huge Zama field along with Wintershall Dea and of course Pemex), interestingly, HBR has been rumoured to have been in talks with both Talos and Wintershall Dea recently, it's all just like a puzzle with currently many rumours out there, any thoughts??

Unilever in advanced talks to sell Elida Beauty to Yellow Wood-sources

https://www.reuters.com/markets/deals/unilever-advanced-talks-sell-elida-beauty-yellow-wood-sources-2023-12-14/

Https://www.observer24.com.na/anglo-american-unlocks-value-through-operational-discipline/

Worth mentioning that Shorts here have also now significantly reduced positions, and one again I re-emphasise that following on the latest HBR Trading and Operations update, I strongly believe that we can expect potentially game changing positive updates here via both organic growth (Outstanding "International [and UK] growth projects advancements") and Inorganic opportunities ("Material M&A") in coming weeks ahead.

"Material M&A" now looks well set/positioned with lower O&G prices and having timely sold the non-core Vietnam assets; HBR clearly looks efficiently managed, amazingly has no debt, expiring hedges (along with Tolmount East production now underway), cost management initiatives also in place, as I've said before, HBR has potential to be a Multibagger stock from these levels.

Following on the latest HBR Trading and Operations update, I strongly believe that we can expect potentially game changing positive updates here via both organic growth (Outstanding "International [and UK] growth projects advancements") and Inorganic opportunities ("Material M&A") in coming weeks ahead.

"Material M&A" now looks well set/positioned with lower O&G prices and having timely sold the non-core Vietnam assets; HBR clearly looks efficiently managed, amazingly has no debt, expiring hedges (along with Tolmount East production now underway), cost management initiatives also in place, as I've said before, HBR has potential to be a Multibagger stock from these levels.

Berenberg slashes target price on Anglo American

Analysts at Berenberg slashed their target price on multinational mining group Anglo American from 2,000.0p to 1,500.0p on Monday, stating its recent update left "a lot to answer".

Berenberg updated its model on Anglo American following its 2023 investor update, which it released on 8 December, with the stock closing down roughly 20%, as it "materially" underperformed peers due to the magnitude of volume cuts.

The German bank noted that while it has seen an improvement in sentiment regarding Anglo American in recent weeks and months, it still does not think that the time was right to step into the equity story.

Berenberg said this was mainly due to the severity of the cuts to estimates, alongside its expectation that lower volumes and still sticky costs will impact free cash flow generation and fail to support a deleveraging story.

"While some may argue that the stock is cheap after a 20% sell-off, our revised estimates bring our net asset value down materially and our price target to 1,500.0p per share. We remain 'hold'-rated. We also flag potential impairment risk with the 2023 results given the guidance cuts. Anglo is trading on 1.67x NAV and 5.2x 2024E EBITDA," said Berenberg.

https://www.sharecast.com/news/broker-recommendations/berenberg-slashes-target-price-on-anglo-american--15561426.html

@Dumbly, I don't believe so, and primarily due to this line as stated in the latest HBR Trading and Operations update of 29 November:

"We also continue to evaluate a number of material M&A opportunities in line with our stated strategy, as we seek to build a global and diverse oil and gas company."

IMO, HBR will be looking to diversify internationally (likely within their current core geographical areas and split between both Oil and Gas) while maximising their Own/PMO inherited portfolio at same time:

§ International growth projects advanced with the potential to materially increase our reserve life

§ High return, short cycle, infrastructure-led UK investment opportunities progressed, supporting future production and cash flow

Good posts, and agree that "lots happening here with HBR", now looking forward to relating updates on both the ongoing internal projects and M&A opportunities, HBR clearly has big potential and is undoubtedly very much undervalued today.

Anglo American Plans Extensive Cost Cutting at South African Operations, Reuters Reports

--Anglo American plans sweeping cost cuts at its South African operations, including mothballing higher-cost platinum mines, which would widen job cuts in the sector, Reuters reports, citing sources familiar with the matter.

--Cost-cutting measures include shelving plans to boost output at Anglo American Platinum's key Mogalakwena mine and place some shafts at the Amandelbult operations on care and maintenance, should the platinum metals prices remain weak, Reuters reports.

--The moves, including a lower output guidance, could be announced at the miner's trading update on Friday, Reuters reports.

--Anglo American declined to comment when contacted by Dow Jones Newswires.

https://uk.marketscreener.com/quote/stock/ANGLO-AMERICAN-PLC-4007113/news/Anglo-American-Plans-Extensive-Cost-Cutting-at-South-African-Operations-Reuters-Reports-45523863/

Https://oilprice.com/Energy/Crude-Oil/OPECs-Oil-Output-Drops-for-the-First-Time-Since-July.html

Also looking like an excellent time for M&A.

"We have continued to maximise the value of our UK oil and gas portfolio and to progress our diversification opportunities in Mexico, Indonesia and CCS while maintaining strong cost control and capital discipline. This has enabled significant free cash flow generation and a robust balance sheet, supporting material shareholder returns over and above our base dividend.

We also continue to evaluate a number of material M&A opportunities in line with our stated strategy, as we seek to build a global and diverse oil and gas company. Recent large transactions in our sector and our own discussions with potential counterparties indicate that market conditions for M&A are improving. We remain disciplined, balancing the return of excess capital to shareholders with ensuring flexibility for meaningful, value accretive M&A which would support shareholder returns over the longer run."

Https://www.unilever.com/news/press-and-media/press-releases/2023/unilever-kicks-off-multibrand-partnership-with-uefa-euro-2024tm/