Added to YB: 2026-05-29
Pitch date: 2026-05-27
HBR.L [neutral]
Harbour Energy plc
-1.78%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
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 6.6B
Pitch Price
GBP 2.70
Price Target
N/A
Dividend
5.89%
EV/EBITDA
1.95
P/E
-23.45
EV/Sales
1.31
Sector
Oil, Gas and Consumable Fuels
Category
value
Captain's LLOG stardate HBR
HBR.L (holding update): UK oil/gas producer transformed via $3.2B LLOG acquisition (Feb '26). Now diversified: GoM=largest hub, UK down to ~30% exposure vs 80% pre-deal. 2P+2C reserves 3Bn barrels valued at $2/bbl ($5/bbl 2P only). FCF guidance raised from $0.6B to $1.4B; author forecasts $1.9B FCF on $88.50 Brent/$14.50 gas=3x P/FCF, 14.2% yield. Net debt $6.3B post-deal, dropping to $5.3B by YE26. Argentina LNG (late '27), Mexico Zama monetization, CCS Denmark add optionality. Trading 7.8x EV/FCF despite international scale-up.
Read full article (6 min)