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Harbour Energy reports record profits and boosts stock, announcing a $100M share buyback.
Oil and gas company Harbour Energy announced strong first-half results, including a 488,000 barrels of oil equivalent per day production rate and a $1.64 billion pretax profit, up significantly year-over-year.
The company boosted its free cash flow forecast and announced a $100 million share buyback program, leading to a 13% rise in its stock price.
Harbour Energy has also improved its financial health by reducing debt and operational costs.
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Harbour Energy reporta ganancias récord y aumenta las acciones, anunciando una recompra de acciones de $100 millones.