Hurricane Energy Share Discussion Threads

[telbap] 05/1/2017 08:11

Next Friday I think is my line in the north Sea. By then we will have either news of kit in place.

[laserdisc] 04/1/2017 17:45

last rig move took a total of 5 days no reason we cannot meet that target weather improving, ahv Latitude (°)
Longitude can all be checked in itineries history to tie in with anchor positions

[jacks13] 04/1/2017 16:01

Following the above posts I've made the following rough notes of an interview with the Artemis Global Energy Fund manager:


Richard Hulf – Artemis Global Energy Fund (Hurricane 5.2% of fund)
‘Interpretation of Opec production cuts agreement’ Dec 21 2016

Q. Will Opec stick to agreed cuts?
A. Yes, Opec have been ramping production in recent quarters. Cuts will mean a reversion to q3 levels (Sept 2016), so not difficult. Also the degree of underinvestment in new production in recent past means that additional production is not readily available.

Q. Will US shale come back on stream and undermine PoO?
A. No, shale requires high capex, which has been absent in recent past. Another year is required to catch up. Staff leakages into a buoyant US economy means skills are now in short supply and will take time to remedy.
The Opec oil glut was not intended to undermine US shale but rather a battle between SA and Russia for a share of the China oil imports market. The fact that the Opec production cuts deal will also now involve Russian production cuts is indicative that it will hold.

Q. Medium/Long Term PoO?
A. $55 Brent q1 2017 and $62 long term 2017, based on London and US analyst estimates. By h2 2017 demand is heading to outstrip supply even absent the Opec oil production cuts and with the deal now in place this undersupply will be exacerbated. Current elevated PoO is a function of market sentiment as the market is still as yet oversupplied. When the market is subjected to tighter supply then the price will go higher.

[chessman2] 04/1/2017 14:05

The fact that Artemis have 5.2% of their fund, the largest holding, in Hurricane is very reassuring. Chevron, Exxon and Royal Dutch Shell are only at 3+%.

I'm pretty sure more funds are buying stock which probably means one or two large existing holders are accommodating them. In any event high turnover is a positive sign despite the current share price

[cwmwillis] 04/1/2017 13:34

Thanks Laserdisc.

[laserdisc] 04/1/2017 13:32

We still hold Shell and Exxon but our higher weightings are in Anadarko, Pioneer and Hess. Our more dynamic holdings, such as Hurricane Energy and Africa Energy, are doing well and we will slowly return to other stocks like these in the New Year.

[cwmwillis] 04/1/2017 13:17

Artemis Global Energy largest holding is in Hur.

Hopefully more will follow.

hxxp://www.morningstar.co.uk/uk/funds/snapshot/snapshot.aspx?id=F00000MBRT

ta

[gregpeck7] 04/1/2017 12:28

Halifax looks more like an appraisal well then exploration.. be interesting to see it's name!

[carcosa] 04/1/2017 11:37

Hopefully, as a Crystal Amber share holder they have taken the opportunity to offload some of their shares too; why else would the share price not react to a £4m trade? They simply own way too many shares and more importantly need to prepare for the options!

[rayrac] 04/1/2017 11:28

The only good news, will be after the drill results at Halifax. In the meantime, it's in flux!

But no way is it a sell!

[gregpeck7] 04/1/2017 11:28

Purely because of the way hurricane has grown up I am sure there are many other institutions wanting to 'get in' but they don't want to spike the price..

[gary38] 04/1/2017 11:26

Nearly £4 million .

[gary38] 04/1/2017 11:25

Also could be a sign of good news on the way.

[gary38] 04/1/2017 11:22

Laser just noticed those trades .That's some serious money, l wonder if it is a new investor coming on board and if so hopefully many more making HUR part of their 2017 portfolio investment targets.

[gregpeck7] 04/1/2017 11:20

Problem is some large holders have tons of stock and can affect the market to a point if they decide to sell.. this should be way above 50p one of the large holders is clearly reducing...

[laserdisc] 04/1/2017 11:14

large trades going through? at mid price

[davidblack] 04/1/2017 10:38

Good, anyone who wants out is best gone and ahead of drill results they will damage sentiment least.

If it's a shorter even better as we will get turbo buying further up!

[control1] 04/1/2017 10:30

Our big seller is back from holiday....

[fozzie] 03/1/2017 16:28

Have to say given everything that is in the offing here i am very surprised we are 'stuck' at 50p especially given the current poo. In since 9p and going nowhere ;o)

[laserdisc] 03/1/2017 16:25

MAERSK LASER my namesake I feel quite humbled


MAERSK LIFTER vessel can handle storms see u tube


both vessels en route arrival late this evg possibly 11pm or early hours

The Anchor Handling Tug Supply (AHTS) vessels used in west of Shetland previously on BP's Schiehallion field more info re this see case study



charter says
02/01/2017 / Maersk Laser / Hurricane / RM 'TO Spitsbergen' / D/D / P + C
02/01/2017 / Maersk Lifter / Hurricane / RM 'TO Spitsbergen' / D/D / P + C

move will be weather dependent later in week in my view, more pictures from rigmover blog TAKEN 2012

[extrader] 03/1/2017 15:32

Hi gary

Nicebut are you also Extrader.?

No, I'm extrader

ATB

[rayrac] 03/1/2017 15:03

Have they moved to Halifax yet?

[gary38] 03/1/2017 13:05

Nicebut are you also Extrader.