The Anonymous Widower

Harbour Energy

This article in The Times in the Tempus column is entitled Oil And Gas Producer Harbour Energy Offers Safe Haven.

This is the first paragraph.

Booming commodity prices mean Harbour Energy is throwing off cash and yet the biggest oil and gas producer in the UK North Sea is still struggling to gain credibility in the eyes of investors.

Reading the column, it does seem a bit of a paradox, when the author says.

  • London-listed oil and gas companies are cheap.
  • Harbour Energy is in the bargain basement.
  • The share price doesn’t reflect the P/E ratio.
  • The company seems to have the money for acquisitions.
  • It doesn’t seem to have taken advantage of the Ukraine situation.
  • Revenues should transform its cash flow position.

The author finishes by recommending to buy the shares.

In Cerulean Winds Is A Different Type Of Wind Energy Company, I introduced Cerulean Winds and their £30 billion plan to decarbonise much of North Sea oil and gas production. This sensational plan is described in full on this page of their web site, which is entitled The Cerulean Winds Intog Scheme.

It strikes me that Harbour Energy could be the sort of energy company that could benefit from Cerulean Winds’s scheme.

  • It could increase their gas production by ten percent.
  • Harbour Energy probably have the money to decarbonise.
  • Would decarbonising their North Sea operations improve the company’s profile?

I will certainly watch for any links between the two companies.



October 15, 2022 - Posted by | Energy | , , ,

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