Energy stocks dominate the list of best performing FTSE 350 stocks of 2022
Meanwhile, among the year's losers, Trustpilot gets one star, investors put the boot into Dr Martens and bottle out of holding Coca Cola HBC shares
Company
LON:HBR
Harbour Energy is the largest UK listed independent oil and gas company formed through an all-share merger between Chrysaor and Premier Oil. The company's aim is to deliver value in a responsible manner for all stakeholders in accordance with global standards, ensured by strong corporate governance, and to be Net Zero by 2035.
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Meanwhile, among the year's losers, Trustpilot gets one star, investors put the boot into Dr Martens and bottle out of holding Coca Cola HBC shares
Harbour, Serica and EnQuest all saw their price targets lifted as Jefferies pitches the North Sea stocks as 'buys'.
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Oil price, Petrofac, Rockhopper, Getech. And finally…WTI $100.28 -$7.54, Brent $104.71 -$6.73, Diff -$4.43 -$1.20, NG $5.64 +3c, UKNG 305.0p +30.25 Oil priceAs expected yesterday, the US have decided to draw down the SPR to the tune of some
“We are generating material and resilient free cash flow "
UK blue chip index ends higher again as investors receive confirmation of dearer borrowing costs
Oil prices in the range of US$80 to US$100 are a salve to a sector that's been through difficult years.
Harbour is exploring options for its share of the assets. Rockhopper is talking with Navitas which previously pledged to buy 30% of the project
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As the week and the month come to an end the predicted strength in the oil price continues aided by current dollar weakness which I try not to forecast…Slightly mixed news from the US as the Fed doesn’t panic on inflation and sees no taper
It was another active week in the small-cap oil and gas sector.
The Tolmount field will not be coming online in July, as previously targeted.
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With the July WTI contract expiring it left Brent to hog the limelight and it suitably narrowed the gap. Most news remains good, the API stats showed a 7.2m barrel draw in crude and modest builds in products and the Fed has played down the
"We remain excited by the significant cash generation potential of the combined portfolios,” said chief executive Linda Cook
Premier told investors that it planned to sell the large and exciting Zama discovery, in Mexico, in a move to expedite debt reduction - it also inked a deal with 88 Energy and had an update for Rockhopper.