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Harbour Energy faces temporary cash drain in 2024

Softening energy prices weighed on profitability
March 7, 2024
  • Strained free cash flow in 2024
  • Wintershall Dea could close in Q4

The day before Harbour Energy (HBR) revealed a steep fall in annual profits, chancellor Jeremy Hunt announced that the windfall tax on sector earnings would remain at current levels and be extended for an additional year. Hardly auspicious.

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