Quick note on Harbour Energy.
HBR is a pure upstream producer, meaning it benefits directly from higher oil and gas prices. Over the past few years the company reduced exposure to higher-risk regions like Vietnam and Indonesia while increasing production in the North Sea, Norway, the U.S. Gulf of Mexico and Argentina — areas that directly benefit from stronger energy prices. Following the Wintershall asset acquisition, production nearly doubled to ~470k boe/d while operating costs dropped to about $12.8/boe, giving the company strong free-cash-flow leverage in a higher price environment.
Technically, the stock has just broken a 5-year downtrend line on strong volume and is currently retesting the breakout zone, which could turn into support if the move holds.
The main downside remains political: the UK windfall tax (EPL) and the broader UK discount on energy equities. The recent drop in the share price was largely driven by a block sale (~3.8%) by EIG Management Company, rather than any deterioration in fundamentals.
HBR is a pure upstream producer, meaning it benefits directly from higher oil and gas prices. Over the past few years the company reduced exposure to higher-risk regions like Vietnam and Indonesia while increasing production in the North Sea, Norway, the U.S. Gulf of Mexico and Argentina — areas that directly benefit from stronger energy prices. Following the Wintershall asset acquisition, production nearly doubled to ~470k boe/d while operating costs dropped to about $12.8/boe, giving the company strong free-cash-flow leverage in a higher price environment.
Technically, the stock has just broken a 5-year downtrend line on strong volume and is currently retesting the breakout zone, which could turn into support if the move holds.
The main downside remains political: the UK windfall tax (EPL) and the broader UK discount on energy equities. The recent drop in the share price was largely driven by a block sale (~3.8%) by EIG Management Company, rather than any deterioration in fundamentals.
כתב ויתור
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כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.