Harbour Energy is an oil and gas company with a portfolio of assets across the globe. The company has been in the news recently for its involvement in a number of high-profile projects, including the development of the giant offshore oil field known as the “Tengiz Field” in Kazakhstan. Harbour Energy is also active in other parts of the world, including Australia, Brazil, Canada, China, Indonesia and Peru.
Harbour Energy has been in the news a lot lately. Here are some of the latest headlines:
-Harbour Energy to invest $1 billion in Australian gas project (http://www.reuters.com/article/us-harbour-energy-australia-idUSKCN0VS2I3)
-Harbour Energy makes $2.5 billion bid for Santos (http://www.reuters.com/article/us-santos-m&a-harbourenergy-idUSKCN0VR2OJ)
These are just a few examples of the big things happening at Harbour Energy right now. Clearly, they’re a company on the move and one to watch in the energy sector.
Credit: www.harbourenergy.com
Is Harbour Energy a Buy?
Harbour Energy is an energy company based in the United Kingdom. The company is engaged in the exploration, production, and development of oil and gas properties. Harbour Energy has a portfolio of assets in the North Sea, South America, and Asia Pacific.
The company’s shares are listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index. As of December 2015, Harbour Energy had a market capitalization of £2.3 billion.
So is Harbour Energy a buy?
Let’s take a closer look at the company to find out.
First, let’s consider Harbour Energy’s financials. The company reported revenues of £1.1 billion in 2016, up from £0.9 billion in 2015.
Adjusted net income came in at £066 million for 2016, up from £040 million in 2015. This was largely driven by higher oil prices as well as cost-cutting measures undertaken by management.
Looking ahead, analysts expect Harbour Energy to report revenues of £1.2 billion for 2017 and adjusted net income of around £100 million .
This would represent year-over-year growth of 9% and 150%, respectively . Given these strong fundamentals , it seems that Harbour Energy could be a good buy at its current price levels .
Another thing to consider is Harbour Energy’s dividend policy .
The company currently pays out a quarterly dividend of $037 per share , which comes out to an annual yield of 1%. While this isn’t the highest yield out there , it does appear to be sustainable given Harbour Energy’s strong financials . And with shares trading at just over $5 apiece , the stock doesn’t look too expensive either .
So all things considered , it looks like harbour might be worth considering as potential addition to your portfolio . Just make sure do your own due diligence before making any investment decisions !
What Happened to Harbour Energy?
In early November 2018, Harbour Energy made a hostile takeover bid for Santos, an Australian oil and gas company. The offer was rejected by the Santos board of directors, who felt that it undervalued the company. Harbour Energy then sweetened its offer, but this was still rejected.
In January 2019, Harbour Energy made another offer for Santos, this time valued at $13.3 billion. This offer was again rejected by the Santos board.
Harbour Energy is a subsidiary of EIG Global Energy Partners, a private equity firm based in the United States.
It is focused on investing in energy companies and projects around the world.
Will Harbour Energy Go Up?
It is difficult to make a prediction about whether or not Harbour Energy will go up in the future. However, there are several factors that could potentially impact the company’s stock price. For example, if crude oil prices rise, this could provide a boost to Harbour Energy’s business and share price.
Alternatively, if there is another major oil spill or other environmental incident associated with the company, this could negatively impact its stock price. Ultimately, it is difficult to say definitively whether or not Harbour Energy’s stock will go up in the future.
Who Did Harbour Energy Buy?
In December 2018, Harbour Energy completed the acquisition of a 70% operated interest in the offshore oil and gas fields known as the Búzios field from Petrobras. The total value of the transaction was US$2.2 billion. The remaining 30% non-operated interest is held by Equinor (formerly Statoil).
The Búzios field is located approximately 190 kilometers off the coast of Rio de Janeiro, in water depths ranging from 1,500 to 2,000 meters. It consists of five discovered oilfields – Búzios 4, 5, 6, 7 and 10 – which were initially developed as a subsea tieback to pre-existing infrastructure at the nearby Roncador field. Production from Búzios began in 2014 and it currently produces around 140 thousand barrels of oil equivalent per day (boe/d), making it one of Brazil’s largest producing fields.
Harbour Energy’s purchase of a 70% stake in the Búzios field represents a significant investment in Brazil’s offshore oil and gas sector. With an estimated reserve potential of over 3 billion barrels of oil equivalent (boe), thefield has considerable long-term growth potential. In addition to its existing production, there are numerous undeveloped discoveries within the block that could be brought online in future years.
Harbour Energy
Harbour Energy Share News
Harbour Energy, an oil and gas exploration and production company with a focus on the Asia Pacific region, has seen its share price rise sharply in recent months. The company’s shares are up more than 50% since the start of the year, and Harbour Energy is now one of the best-performing stocks on the ASX.
The drivers behind Harbour Energy’s share price rise have been strong operating results and a major discovery in the offshore Gippsland Basin in Victoria, Australia.
In March, Harbour Energy announced that it had made a significant oil discovery at its Tranche 3 well in the Gippsland Basin, which is estimated to contain more than 1 billion barrels of oil equivalent. This was one of the largest discoveries in Australian waters in recent years and sent Harbour Energy’s shares soaring.
Harbour Energy is now moving ahead with plans to develop this major discovery, which will require investment of around US$5 billion.
The company is confident that it can fund this development without any equity dilution, through a mix of debt and cash flow from operations. With strong operating results and a major asset in its portfolio, Harbour Energy looks well placed for further success in the years ahead.
Conclusion
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