Harbour Energy: Excellent Acquisition Timing

Harbour Energy completed a major acquisition, while rising commodity prices are boosting cash flow and enabling faster debt repayment. The stronger cash generation could improve the company’s credit outlook, with significant unhedged production still benefiting from higher prices.

Analysis

Harbour Energy completed a major acquisition, while rising commodity prices are boosting cash flow and enabling faster debt repayment. The stronger cash generation could improve the company’s credit outlook, with significant unhedged production still benefiting from higher prices.