Harbour Energy plc

• Third Avenue Management Value Fund ↗ Third Avenue Value Fund argues that easyJet’s aircraft, slots and net cash support its takeover appeal, while Paltac’s warehouse network underpins Medipal’s tender offer. The fund added thyssenkrupp, citing discounted asset value and a multiyear separation plan, and retains offshore-energy exposure on energy-security and inventory-rebuilding demand. three months ended June 30, 2026 6951 $2.5BESYJY $5.2BHRBAY $1.1T +5
• MC Massif Capital Fourth Quarter 2025 Letter to Investors ↗ Massif Capital exited G Mining Ventures as its upside became increasingly dependent on gold, while retaining Equinox Gold and adding Larvotto Resources for antimony exposure. The strategy favors cash-generative oil producers and copper assets constrained by scarce supply, while preparing to diversify beyond mining into real-asset businesses. fourth quarter of 2025 MDNGF $71MEQNR $102BEQX $13B +4
• BY ByteTree ByteTree Quarterly Investor Letter - Q2 2026 ↗ ByteTree's Multi-Asset Investor cut Glencore, Hiscox, Harbour Energy and blockchain equities, while adding Berkshire Hathaway and other value situations. Charlie Morris argues that concentrated semiconductor enthusiasm, margin debt and geopolitical disruption favour diversification, with a cautious stance on gold and a possible exit from oil exposure. Q2 2026 —

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