Harbour Energy to Sell Stakes in the North Sea Before Tax Hikes

Zacks10-29

Harbour Energy plc HBRIY is altering its portfolio to reduce exposure in the North Sea area owing to the increased taxes on oil and gas. According to reports, the company is set to go ahead with its ...

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According to reports, the company is set to go ahead with its ...</p>\n\n<a href=\"https://finance.yahoo.com/news/harbour-energy-sell-stakes-north-094700384.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"VAL","symbol_name":"华仕伯","start_time":0,"source_url":"https://finance.yahoo.com/news/harbour-energy-sell-stakes-north-094700384.html","article_id":"2479477405","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/8b1b05QGgXspC1uxZoBHSg--~B/aD0zMDE7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/84641b73de987dc375505b5aa2840977"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479477405","pubTimestamp":1730195220,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Harbour Energy plcHBRIY is altering its portfolio to reduce exposure in the North Sea area owing to the increased taxes on oil and gas. According to reports, the company is set to go ahead with its plan by selling the stakes in Armada, Everest, Lomond, Catcher and Tolmount fields in the North Sea. This move comes ahead of the U.K.’s Labour government’s plans to hike taxes in the oil and gas sector, intending to use the proceeds to finance renewable energy projects.Smart Sand is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. SND’s expected EPS  growth rate for the next quarter is 125%, which compares favorably with the industry's growth rate of 17.41%.Nine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. NINE’s expected EPS  growth rate for the current quarter is 23.08%, which compares favor","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"VAL":"华仕伯","HBRIY":"Harbour Energy Plc","BK4213":"石油与天然气的勘探与生产","BK4179":"石油天然气设备与服务","NINE":"Nine Energy Service Inc.","BK4092":"石油与天然气钻井","SND":"Smart Sand Inc."},"translate_title":"海港能源公司将在增税前出售北海股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"HBRIY":1,"SND":1,"VAL":1,"NINE":0.9},"content_text":"Harbour Energy plc HBRIY is altering its portfolio to reduce exposure in the North Sea area owing to the increased taxes on oil and gas. According to reports, the company is set to go ahead with its plan by selling the stakes in Armada, Everest, Lomond, Catcher and Tolmount fields in the North Sea. This move comes ahead of the U.K.’s Labour government’s plans to hike taxes in the oil and gas sector, intending to use the proceeds to finance renewable energy projects.\nHBRIY to Expand Beyond the North Sea\nIn December, HBRIY completed a major acquisition deal of Wintershall Dea’s assets located outside Russia that will help the company diversify outside the North Sea. The deal included the purchase of assets in Denmark, Egypt, Germany, Libya, Algeria, Argentina, Mexico and Norway along with the carbon dioxide capture and storage licenses. The $11.2 billion cash and stock deal almost doubled HBRIY’s production capacity, and the share price has gained more than 14% over the past 12 months.\nImage Source: Zacks Investment Research\nHBRIY’s US Listing Prospects\nIn order to advance its international growth strategy, HBRIY is considering a U.S. listing and shifting its headquarters. This strategy will not only improve its global presence but also balance the challenges faced due to new taxation policies in the U.K., and provide more opportunities in the investment-friendly market.\nHBRIY’s Zacks Rank and Key Picks\nThe U.K.-based North Sea producer Harbour Energy is an independent oil and gas company currently holding a Zacks Rank #3 (Hold).\nInvestors interested in the energy sector might look at some better-ranked stocks like Smart Sand, Inc. SND, Nine Energy Service, Inc. NINE and Valaris Limited VAL.While Smart Sand currently sports a Zacks Rank #1 (Strong Buy), Nine Energy and Valaris each carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nSmart Sand is a producer of northern white raw frac sand for the oil and gas industry. It offers proppant and related logistics services for oil and gas recovery from unconventional wells. SND’s expected EPS (earnings per share) growth rate for the next quarter is 125%, which compares favorably with the industry's growth rate of 17.41%.\nNine Energy Service provides onshore completion and production services for unconventional oil and gas resource development. NINE’s expected EPS (earnings per share) growth rate for the current quarter is 23.08%, which compares favorably with the industry's growth rate of 2.90%.\nLondon-based Valaris Limited provides offshore-drilling services across all water depths and geographies. The Zacks Consensus Estimate for VAL's 2024 earnings indicates 290.18% year-over-year growth.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nValaris Limited (VAL) : Free Stock Analysis Report\nSmart Sand (SND) : Free Stock Analysis Report\nNine Energy Service, Inc. (NINE) : Free Stock Analysis Report\nHarbour Energy PLC Sponsored ADR (HBRIY) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479477405"}