Professional
Added to YB: 2024-04-25
Pitch date: 2024-04-23
HBR.L [bullish]
Harbour Energy plc
-16.57%
current return
Author Info
No bio for this author
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 2.47
Price Target
N/A
Dividend
8.74%
EV/EBITDA
1.74
P/E
-12.65
EV/Sales
1.18
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Third Avenue Value Fund New Portfolio Holding: Harbour Energy plc
HBR.L: UK North Sea E&P facing headwinds from windfall tax & lower gas prices. Transformative deal to acquire Wintershall Dea upstream assets from BASF at attractive price. Increases scale, diversifies to Norway, improves costs & reserves. Strong mgmt team with skin in the game.
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