Harbour Energy joined the ranks of the London Stock Exchange last week. With a market capitalization of nearly £4 billion ($5.50 billion), the company formed from the merger of Premier Oil and Chrysaor Holdings is now the largest independent oil-and-gas group in the British exchange.
Here is what you need to know about it.
A sector heavyweight emerges
Harbour Energy HBR, +0.40% was born during a time of turmoil for the oil industry. Last year, governments across the world implemented lockdowns and travel restrictions to fight against the coronavirus pandemic. Demand for fuel suddenly plummeted and oil prices nosedived. Brent crude BRN00, -0.89% slipped below $20 a barrel in