Hurricane Energy Share Discussion Threads

[gibso6767] 13/2/2017 16:02

hi ,its me again ,malcy was an advocate of GKP ,im not comparing HUR to GKP or Vice versa but many a webchat was aired with malcy nodding and double taking to the camera as if he was a font of some unknown knowledge .

personally I think he is affable but a buffet and a glass or three of Port and hes a friend for life.

I can safely say that if you where behind malcy in a self serve buffet then there wouldn't be much left .

these self appointed share gurus ,Zak mir being an example ( named after a Russian sci cosmonaut and looking like a condom full of wallnuts with a voice like a tombstone ) can be dangerous ,your average well versed Pi invested in HUR will have more knowledge than these fly by nights

[zztop] 13/2/2017 15:47

Ok, laser not including you....or me ;0) anyone else on here know?

[laserdisc] 13/2/2017 15:41

in spite of him being an amateur I have been buying since 2014 perhaps I do know .

[zztop] 13/2/2017 15:21

Malcy. Said it's gonna be big! and peeps dunno yet...

[garymegson] 13/2/2017 14:27

Malcy 33 minutes in.

[davidblack] 13/2/2017 13:49

Interesting a lot of selling today, and yes it's off a little but that's likely to work back to level PM. Clearly we have a bit of organised selling for willing buyers but nearer th bid than the offer.

[cinques] 13/2/2017 13:08

The market makers and DMA traders are grinding the price down, flushing out weaker holders.

And up it pops again.

Sitting tight seems to be the best tactic.

[puffintickler] 13/2/2017 12:39

Cinques13 Feb '17 - 08:30 - 14903 of 14908 1 0
"For a bunch of experienced directors, trusting that oil would stay around $100 would appear a tad hopeful."

True. Though I find it hard to be too critical of the Hurricane board. I worked in the oil industry and understand the oil market better than most, I knew I should really have exited all my oilers when the recent oil price was obviously unsustainably high, yet I did not.

And that is not the first time i've failed to sell out oilers either. It's at least the third!

Still at least this time I did spot that the oil price then became unsustainably low and topped up at 13p. I should have bought a shed load more though.

[puffintickler] 13/2/2017 09:56

carcosa

It looks like HUR is fair game for them.


Extracts from the CA website:

"Crystal Amber Fund (CRS) is an AIM-listed activist fund investing predominantly in small and mid-cap UK equities where it identifies opportunities to enhance long-term shareholder value through active engagement with companies."

"The Fund originates ideas from its screening processes and its network of contacts, including its shareholders. Companies are valued with focus on their replacement value, cash generation ability and balance sheet strength. During the process, the Fund's goal is to examine the company both 'as it is' and under the lens of 'as it could be' to maximise shareholder value. Investments are normally made after an initial engagement, which in some cases may have been preceded by the purchase of a modest position in the company, to allow the Investment Adviser to meet the company as a shareholder. "


Perhaps they originally got the suggestion from one of their shareholders?

[carcosa] 13/2/2017 09:16

puffintickler reply 14902

Thanks for the reply. I have had an interest in Crystal Amber two years before I bought HUR shares. I was not clear in my question. How did an activist fund end up funding Hurricane? Hurricane does not fit the mandate for CRS at any stage and CRS are not a venture capitalist fund either.

Carcosa

[bones] 13/2/2017 08:35

That's a fair summary Cinques about the 2014 board and their outlook and possible failings then.

[puffintickler] 13/2/2017 08:13

carcosa reply to 14899

CA first invested in Hurricane in November 2014. They steadily built their stake in 2015, in 2016 they bought more then fully participated in the placing.

Hurricane is their second largest holding, 17% of their NAV as at 30th June 2016. The price has risen 3x since so it is not surprising that they have started to sell, even if they think it will go much higher. As at 6th Feb 2017 Hurricane was 36% of their NAV.

[brahmsnliszt] 13/2/2017 06:12

Agreed puzzler. CA's involvement was the reason this came on my radar and consequently got me to climb aboard.

[puzzler2] 13/2/2017 05:57

...also agree with Bones - plus it gave a number of us an opportunity to ramp up our stake in the 10p to 15p range and for that I am grateful.

[carcosa] 13/2/2017 05:10

Does anyone know how Crystal Amber got involved with Hurricane? CA are an activist shareholder, typically seeing an existing business that can be re-organised by engaging with the Directors and then exit at a profit. That scenario never really applied to Hurricane where they were seeking financial assistance to implement Board's strategy. Seems a bit odd for CA.

[123js] 13/2/2017 00:27

Hear hear!

[bones] 12/2/2017 23:39

They didn't raise in 2014 because they were confident of a farm-in at the time oil was $100+Three months later the oil price was plummeting and raising finance was a closed door.Everything to do with Kerogen was the result of subsequent conditions not anticipated in June 2014.IMO, even that raise with Kerogen would not have happened had Crystal Amber not been agitating to get some active directors on the board, namely financially driven ones with the necessary connections. There were too many stuffed shirts there before.I don't care what anyone says, without CA's agitations, HUR may well have run out of money in 2016 without CA effectively enabling the pathway to get Kerogen on board.The 15p issue to raise £52M was the most valuable thing that happened. It was then or never given HUR had only £6M left at the time.CA and Kerogen remain the heroes that kept Dr Trice's dream alive.We should all be thankful and not rest on hindsight IMO.

[brahmsnliszt] 12/2/2017 23:06

Cinques Fine, but everything is so much easier in hindsight.

[gibso6767] 12/2/2017 22:58

To an extent with what we know in the open I agree with Cinques , perhaps KEROGENs
Massive holding is a blessing in disguise and keep the wolves away from the door , hopefully they don't by a couple more shares and become a gamekeeper turned poacher .

AS seems busy tweeting nonsense and as enjoyable as they are Podcasts

[davidblack] 12/2/2017 22:50

Not if you are intending to do a placing at 75p

Perhaps the last announcement has enough meat in it to allow presentations to institutions but with the substext that Halifax is likely to come good so buy now with confidence?

Just my thoughts obviously!

[cinques] 12/2/2017 22:04

The management didn't raise money when the share price was north of 50p after the June 2014 well - that was an opportunity missed, iirc.

That missed opportunity led to the share price being driven down further than would otherwise have been the case.

For this supposed skilled BoD, they left the company quite vulnerable just as oil prices were clearly peaking.

And look at the subsequent giveaway to Kerogen. 10% of the company at 50p or 30% of the company at 15p? Sadly, the latter took place.

IIRC, they had that old duffer FD at the time.

I hope AS is more switched on. I dare say Kerogen are now that they're on board at a nice price.

So don't think that this BoD is perfect - it wasn't and maybe isn't now either.

(I think the geology side of HUR BoD is good, but the financial side was left wanting then - not issuing 10% new equity at 50p back in June/July 2014 was a big missed chance - any BoD should know to issue new shares when the price is high and when there wasn't a lot else going on for a while.)