Premier is an E&P company with production in the UK North Sea and south east Asia. Ongoing cash generation should create further deleveraging going forward, and development projects are in train to support production, drive growth and provide newsflow. Current levels show value versus our NAV, and we initiate with a Buy recommendation and 130p target price.
05 Nov 2018
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Catcher few shares
Harbour Energy Plc (HBR:LON) | 286 2.6 0.3% | Mkt Cap: 2,200m
- Published:
05 Nov 2018 -
Author:
Daniel Slater -
Pages:
46
Premier is an E&P company with production in the UK North Sea and south east Asia. Ongoing cash generation should create further deleveraging going forward, and development projects are in train to support production, drive growth and provide newsflow. Current levels show value versus our NAV, and we initiate with a Buy recommendation and 130p target price.