Professional
Added to YB: 2025-01-27
Pitch date: 2025-01-16
HBR.L [bullish]
Harbour Energy plc
-21.72%
current return
Author Info
Massif Capital invests in Basic Materials, Energy, and Industrial businesses, creating a unique portfolio that produces uncorrelated long-term capital appreciation. Follow on Twitter/X.
Company Info
Harbour Energy plc, together with its subsidiaries, engages in the acquisition, exploration, development, and production of oil and gas reserves in Norway, the United Kingdom, Germany, Mexico, Argentina, North Africa, and Southeast Asia.
Market Cap
GBP 5.0B
Pitch Price
GBP 2.63
Price Target
5.48 (+166%)
Dividend
8.74%
EV/EBITDA
1.74
P/E
-12.65
EV/Sales
1.18
Sector
Oil, Gas and Consumable Fuels
Category
growth
Harbour Energy: Unlocking Hidden Value in European E&P
HBR.L: Diversified E&P post-Wintershall merger. 15-20% FCF yield 2025-30 at $70 Brent/$14 gas. Reduced UK exposure (30% production), expanded Norway/Argentina. Strong M&A track record, ILX focus. 1.5B boe 2P reserves, 1.5B boe 2C resources. Potential US listing upside. Bullish EU gas outlook.
Read full article (30 min)