Marathon Resource Advisors founder and chief investment officer Robert Mullin tips Harbour Energy at the Sohn Hearts & Minds Investment Leaders conference in Queenstown.
Marathon Resource Advisors founder and chief investment officer Robert Mullin tips Harbour Energy at the Sohn Hearts & Minds Investment Leaders conference in Queenstown.
It’s “one of the largest independent oil and gas companies in Europe,” Mullin says, with most of their production in the UK and Norwegian North Sea, in addition to a “growing wedge” in the US and Argentina.
“This company generates a tremendous amount of cash. If we think it’s a moderate oil price environment: they pay off their debt in two years, furiously put that back into you know put into capital return.
Mullin says there’s a potential that it could grow its US businesses and list there, where companies of a similar nature have market caps of closer to $US40bn, far larger than the $6bn Harbour Energy is currently trading at.
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