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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
Good reading, thanks for sharing, hopefully it will now be a timely ongoing rally for O&G prices just as HBR hedges begin expiring and the Wintershall Dea acquisition progresses here, now expecting an outstanding year for HBR shareholders.
Bloomberg, 4 January 2024
Big Freeze to Grip Europe This Month After Mild Winter Start
Temperatures set to drop in northwest Europe during January
Cold snap comes after unseasonably mild autumn and December
Europe’s mild and stormy start of winter will give way to freezing conditions through most of January, testing energy infrastructure as heating demand spikes.
Temperatures are expected to sink below seasonal norms from the UK to France and Germany, the region’s biggest energy markets, according to meteorologists surveyed by Bloomberg. London may see overnight readings drop below zero by Monday, while a low of -7C is forecast for Berlin, according to Maxar Technologies Inc.
“Colder conditions will soon invest Europe more widely, with temperatures steadily dropping later this week into next week,” said Andrew Pedrini, a meteorologist at Atmospheric G2.
In Scandinavia, the icy conditions that have already brought the lowest January temperatures in 25 years to northern Sweden are set to spread south. Residents of Stockholm, who waded through deep snow to get to work this week, are bracing for a low of -14C on Sunday.
In some areas, train and bus operators have stopped services because they can’t risk people getting stranded in the severe cold. The Swedish military was called in to help free motorists as more than 1,000 cars were stuck in heavy snow last night.
To the east in Finland, power prices for Friday soared to a record and grid manager Fingrid Oyj said it would raise preparedness as cold weather sparked exceptionally high demand. The firm had earlier asked consumers to schedule their electricity use away from peak morning and evening hours.
Noting that the deal will only be closed by Q4 2024, analysts will always have a range of ratings, "Harbour Energy Plc : Stifel raises target price to 570p from 480p", and "BofA has a buy rating and 460p price target" etc. but most importantly, they now all have Buy/Overweight ratings on HBR even prior to the estimated Q4 completion date. Just need to compare HBR Market Cap to the equivalent likes of Aker bp by year end and then do the maths, ATB.
Going into 2024, I very much like Energy and Commodities in general but especially Energy and within Energy, I particularly like HBR where I see Multibagger potential along with extremely Proactive Management.
@sasa43, I concur, management is Key, and 10 out of 10 here from me to Linda and HBR Team so far, thank you and please keep up the good work.
I meant:
Harbour Energy Plc : Stifel raises target price to 570p from 480p, and this happened at the end of last year, now imagine subsequent upgrades and re-ratings potential here during 2024, hold on tight, and GLA.
Although time will only tell but I don't see why not, HBR is now going to be roughly same size as Aker BP with this acquisition, and that's even ignoring present potentials in Zama, Layaran, Adaman, Tuna, Norway .......etc. and likely higher O&G prices, only last week Stifel raises target price of Harbour Energy from to 570p from 480p, HBR can easily more than double by year end IMHO.
Unilever wants to tap UEFA EURO 2024's live audience of 5 billion people worldwide
Unilever kicked off a multi-brand partnership with UEFA EURO 2024 in December 2023.
FMCG juggernaut Unilever and The Union of European Football Associations (UEFA) kicked off a multi-brand partnership in December 2023, naming brands from Unilever’s Nutrition and Personal Care Business Groups as Official Sponsors of UEFA EURO 2024. Some of Unilever’s best-known Nutrition and Personal Care brands, from Hellmann’s and Knorr to Dove and Rexona (also known as Sure) were named as Official Sponsors of UEFA EURO 2024.
From Unilever’s portfolio of household brands, the Nutrition brands that will activate throughout UEFA EURO 2024 include Hellmann’s, Calve, Knorr, Colman’s, Amora, and The Vegetarian Butcher. Building on Unilever Personal Care’s record of sponsoring major sporting events and building a love of sport at a community level, Rexona (also known as Sure, Shield and Degree globally), Dove Men+Care, Axe (Lynx in the UK), Radox and Dusch Das are also Official Sponsors.
As the world’s most popular sport, millions of people will come together over their shared love of the game. It is anticipated that UEFA EURO 2024 will attract a cumulative live audience of 5 billion people worldwide. UEFA EURO 2024 will welcome 2.7 million fans in person as they watch 51 matches across ten German cities.
Peter Dekkers, Nutrition General Manager Europe, Unilever said: “The enjoyment of food plays such an important role in how we come together with friends and family over sporting events, whether we’re watching together with thousands of others in stadia or cheering from the comforts of home. Unilever Nutrition brands are proud to be part of this huge European event, which also has global appeal, and to reach more people through their love of football.”
Fulvio Guarneri, Personal Care General Manager Europe said: “It is a great source of pride for us to be supporting UEFA EURO 2024. Our Personal Care brands are all about helping people to feel clean and confident, and to participate in sports, so this is a great way to engage with the millions of consumers who will be coming together during the tournament, whether supporting their national teams or building a love of football in communities."
“We are delighted to announce our partnership with Unilever for UEFA EURO 2024, a collaboration that celebrates a shared passion and commitment to connecting with football fans across Europe and the world," said Guy-Laurent Epstein, Marketing Director at UEFA. “Unilever’s nutrition and personal care brand portfolio reaches billions of people every day, and I am confident that together we will bring a new dimension of engagement and excitement to fans everywhere.”