focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
HBR is currently a Sleeping Giant/Multibagger in the waiting with huge forward potential here both withing it's present/rich PMO inherited portfolio and now that of Wintershall Dea gained assets.
"Oxy acquires Crownrock for $12bn funded by buffett loan, gets 170boepd, 100k acreage and $1bn FCF yr 1 with opex $40/barrel FFS. They been scammed, our deal is probably $4-5bn better, with $2.7bn potential to fund acq'n from WD resources. This will be a game changer and had the benefits of NO Bidding war."
Berkshire Hathaway boosts stake in Occidental Petroleum to about 28%
https://www.reuters.com/markets/deals/berkshire-hathaway-boosts-stake-occidental-petroleum-about-28-2023-12-22/
"Harbour Energy Plc : Stifel raises target price to 570p from 480p"
I think that now there is going to be lot more upsides here than Stifel Investment Bank's 570p price target for HBR.
"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.
https://www.oedigital.com/news/510411-what-to-watch-in-24-global-exploration-outlook
what to watch in '24: global exploration outlook
the demand for gas that can be delivered into domestic and regional markets (in this case europe) is a big driver of activity. similarly, growing gas demand in indonesia, both locally and to meet export needs, combined with material undeveloped reserves, means this is a key exploration focus, particularly offshore in the north sumatra basin. harbour energy’s halwa and ***o wells are two such examples.
“Harbour Energy Plc : Stifel raises target price to 570p from 480p”
I expect lots more analysts upgrades here post the holidays in the New Year; New HBR is currently incredibly undervalued and provides an enormous opportunity for investors going forward.
This is clearly a long term Buy and Hold now, Warren Buffet style company, and as others have alluded here, HBR is significantly undervalued with potential to more than double the present market cap in 2024.
Great FT article, thanks for sharing. Linda and team have done an outstanding job here by clinching what many now call THE DEAL OF THE CENTURY, well done all HBR shareholders and hold on tight as the wakeup rally (along with lot more positive updates) are yet to come.
All this and with US SPR currently at historic lows, £5+ is a no brainer here in 2024; HBR is now clearly a long term strategic Buy and Hold, analysts major upgrades inevitable.
@bonker99, I fully concur with your 580p+ prediction here, company maths today justifies it, markets will properly digest in Q1 as usual.
Fantastic, and extremely smart move. The SP recovery rally here hasn't even yet started, HBR has potential to more than double it's market cap from here, Carlos has done well, let's see what updates we will now get from Mexico and Norway assets.
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 many 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/months 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.
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.