focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
"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."
Well summarised, now looking forward to the assets & M&A updates along with dividends and potential Capital Gains ahead.
Another high potential asset, good update, thanks.
While on subject of global diversity, Zama is one hell of a field/giant asset, Carlos Slim (and family) are known to be extremely slick operators and have been buying into Zama big time overtime, I assume with HBR/Wintershall (both Zama partners) M&A now in progress they will increasingly buy into HBR as much as they can going forward.
"Carlos Slim Builds Bet on Firms Behind Mexico’s Mega Oil Project"
(Bloomberg) -- Carlos Slim is building up investments in companies behind Mexico’s largest oil exploration effort just months after his business empire acquired a stake in a firm involved in the same project.
https://www.bnnbloomberg.ca/carlos-slim-builds-bet-on-firms-behind-mexico-s-mega-oil-project-1.2013096
@fogthemug, Firstly, I started posting here when HBR share price was around 224p when I joined this bb, and second, being also Mexican, I never stated that Mexico was in South America, every idi*t knows that Slim who used to be the richest man in the world (not that long ago) is also by far the richest and most influential man in Mexico, I was trying to make a point, so please don't mix your agenda here via trying to interpret my post!
All while South America's riches person continues to load up here:
“The market in our view is ignoring the Wintershall deal and focusing solely on the base portfolio, which is going to be only circa 35 per cent of the business from 2025 onwards.”
"This strategic acquisition is set to transform Harbour Energy into one of the world’s largest and most geographically diverse independent oil and gas companies."
Strong PMO/HBR portfolio of assets complement the newly gained/significant Wintershall Dea assets very well, rich, diversified, and undeniably much undervalued HBR is now clearly a global player with huge forward potential, please only DYOR!
Don't forget that Wintershall DEA had FULL access to HBR's Data Room and obviously the Germans did their comprehensive due diligence post which they put a £360p a share price on HBR at a time of even lower PoO than today, simply doing the maths HBR is a no brainer Buy today.
@AlexTrader, good read, thanks for sharing.
US markets are closed today, hence low trading volumes here but again as I've said before, HBR is the only substantial Oiler with truly Multibagger potential, and as soon as the markets get even a sniff of progress with German regulators here share price can fly to new highs in no time, just do the maths, it's not complicated and absolutely mind boggling at today's company market cap!
"Great Divi, huge Capital gains potential, solid proactive management, fantastic PMO and now richly diversified/outstanding Wintershall Dea assets all in the works, what’s not to like here, sometimes markets offer exceptionally unique opportunities and HBR today is now one such case I believe."
By this very year end, Harbour Energy is going to be one of the big boys here and also in the FTSE 100, big boys hardly fluctuate on day to day Brent price changes, BP and Shel are a clear testimony, DYOR.
Harbour Energy – Wintershall DEA deal creates ‘challenger’ to Aker BP, and Aker BP has a ~$16 Billion market cap at the moment
https://www.energyvoice.com/oilandgas/north-sea/544333/harbour-energy-wintershall-dea-deal-challenger-aker-bp/
"Mexico’s government exempted state-owned Petroleos Mexicanos from a series of taxes for a period of four months, effectively giving the debt-ridden company billions of dollars more in liquidity."
Significant positive news for Zama development, thanks for sharing, and I wonder if Mr. Slim was involved
As I've said before, HBR is the only substantial Oiler with truly Multibagger potential, and as soon as the markets get even a sniff of progress with German regulators here share price can fly to new highs in no time, just do the maths, it's not complicated and absolutely mind boggling at today's company market cap!
Major lack of investment in the O&G industry since the 2014 downturn makes lot higher O&G prices inevitable, predicting exact market timings is never easy but naturally declining fields with minimal investments made along with no viable alternatives as yet, all point to very much higher O&G prices around the corner.
Once German regulators provide some kind green light for the deal go ahead then SP here will absolutely fly big time as true valuation is just soooooooo much higher.
"hat's going to depend on the oil price - if that's going where I think it's going over the next 12 months then I'd be looking for an even tenner - at least."
@bonker99, I agree with you on the direction of oil prices, £7.96 sounds fair given current O&G prices and with the Wintershall deal in place but if $90+ oil comes in play then potential for even a tenner is a possibility within one year given the catastrophic global lack of investment in O&G industry during the past decade.
Slim’s Growing Influence in Mexico’s Oil Exploration
Carlos Slim, a prominent Mexican businessman, has recently increased his investments in Mexico’s largest oil exploration project.
After his corporate empire acquired a stake in a related company, Slim’s investment firm, Control Empresarial de Capitales, poured about $327 million into Talos Energy and Harbour Energy.
This investment, spread over several transactions since October, shows Slim’s deepening involvement in the sector.
In a significant move, Slim’s Grupo Carso SAB acquired a minority stake in a Talos Energy unit.
This purchase allowed Slim to participate in the Zama oil field, a key energy project in Mexico.
The Zama oil field, discovered in 2017, is a significant offshore oil discovery in the Gulf of Mexico.
Talos Energy and Harbour Energy hold stakes in Zama, underlining the importance of the project.
Arturo Elias Ayub, Slim’s spokesperson, and son-in-law, confirmed their partnership with Talos in the Zama field.
Ayub’s statement reflects Slim’s 15-year history in the oil industry, showcasing his long-term commitment to this sector.
The recent investments in Talos and Harbour were made for financial reasons. This strategy aligns with Slim’s broader investment approach, focusing on lucrative and strategic opportunities.
With a fortune primarily built through América Móvil, Slim is expanding his energy investments during industry changes in Mexico.
América Móvil operates as a leading telecommunications company in Latin America and other regions.
President Andrés Manuel López Obrador’s policies emphasize government control of key energy assets, creating a dynamic investment environment.
Slim’s wealth saw a significant increase
This year, Slim’s wealth saw a significant increase, partly due to the rising Mexican peso.
His diverse business portfolio, spanning from construction to retail, contributed to this growth.
Slim’s family investment firm first revealed a stake in Talos in August, later doubling it to 12.2%.
They also became a shareholder in Harbour Energy, holding a 5.1% stake. These moves signify Slim’s expanding influence in the energy sector.
Slim and his family also maintain a majority stake in PBF Energy, showing their continued interest in the oil refinery industry.
Slim’s conglomerate shares about a 17% stake in the Zama field, while Harbour Energy and Germany’s Wintershall Dea also have significant shares.
Petróleos Mexicanos, the state energy company, holds the majority in the Zama project, which is set to contribute significantly to Mexico’s oil production.
Slim’s increasing investments in this sector reflect his strategic positioning in the evolving energy landscape of Mexico.
https://www.riotimesonline.com/slims-growing-influence-in-mexicos-oil-exploration/
I expect Carlos Slim to build up further here and take their HBR stake up from current ~6% to +10% in order to get a say on the Harbour Energy Board of Directors, especially post Wintershall deal completion/closure.
"wealth is usually moved from the impatient to the patient"
Absolutely Kaiser00, as recently stated by a US Investment bank on/analysing HBR, “The market in our view is ignoring the Wintershall deal and focusing solely on the base portfolio, which is going to be only circa 35 per cent of the business from 2025 onwards.”
For 2024, while looking at fundamentals, I see HBR as the best and safest opportunity around in all UK markets, this will in all likelihood be a totally different company by the year end.
Bloomberg, 2 February 2024
Biden’s Natural Gas Export Project Freeze Is a ‘Mistake,’ Exxon CFO Says
The Biden administration’s decision to halt new natural gas-export licenses is a “mistake” that will slow efforts to reduce climate-damaging emissions, according to Exxon Mobil Corp.
“Reducing production of LNG actually harms the world achieving net zero sooner rather than later,” Chief Financial Officer Kathy Mikells said during an interview. “It’s a mistake.”
https://www.bloomberg.com/news/articles/2024-02-02/biden-s-lng-export-project-freeze-is-a-mistake-exxon-cfo-says
“The market in our view is ignoring the Wintershall deal and focusing solely on the base portfolio, which is going to be only circa 35 per cent of the business from 2025 onwards.”
Absolutely, no brainer.
Https://www.harbourenergy.com/news-and-media/latest-news/2023/acquisition-of-wintershall-dea-asset-portfolio/
Correct: "Combined production of over 500 kboepd5 and 2P reserves of 1.5 bnboe"
"The addition of Wintershall Dea's assets will increase our production to over 500 kboepd, extend our reserves life, and enhance our margins"