Hurricane Energy Share Discussion Threads

[nicebut] 20/3/2017 16:31

The Guardian,

I started by commenting on the near hysteria that seems to be building around this new `darling` of the stock market...Just suggesting that it might not be all as rosy as some might want you to think? IE there are some potentially negative aspects to this...IMO

Or shall we just talk about how this can 100X in the next 18 months.....

[nicebut] 20/3/2017 16:27

LOL

I agree there`s deal to be done- But don`t be greedy and get on with it.(msg to the BoD)

What Co`s are you talking about Leeson?

Leeson3120 Mar '17 - 16:11 - 16526 of 16529 0 0

also, they setup up those new companies just last week or so..... theyve included warwick with lincoln, and halifax in the GLA company.... i think we'l get news on this too....

[terry hardacre] 20/3/2017 16:26

Agree about Malcy, but if we were to see Brokerman Dan printing something positive about HUR, I think we'd know for sure everything will be ok...

[the guardian] 20/3/2017 16:25

Nicebut, if you feel so negative about the situation, why not sell up? Or are you simply commenting on shares you don't own?

[gibso6767] 20/3/2017 16:23

RE MALCY ,YOU HAVE WARREN BUFFET AND MALCY AT THE BUFFET

[leeson31] 20/3/2017 16:22

its all speculation then on everyones part... :-) but you have no info to suggest what you aid is true, its just yr opinion...


i think once halifax releases results, then a deal can be looked at... we need to wait..

[nicebut] 20/3/2017 16:15

`By Malcy`....LOL

I rest my case your honour....No offence Leeson but Malcy is good at eating and thats about it.

[leeson31] 20/3/2017 16:11

no offence nicebut, but its all speculation on yr part.........

we were actually told by malcy if i recall, that there had been two majors talking with hur mgmt.....

hur have gone it alone on their drilling campaign, thus they still have 100pc of the success, now theyre ina stronger position with the data room, and given the size of the fileds they not only need majors money but majors expertise too.... theres a deal to be done here, easy..

also, they setup up those new companies just last week or so..... theyve included warwick with lincoln, and halifax in the GLA company.... i think we'l get news on this too....

its all about next news now to help the SP, hopefully halifax news this weeek... either its good like lincoln, or, its brilliant as in connected to lancaster...

then theres the cpr for lancaster (pre halifax results), where imo we'll see ~600mmbo 2P booked!

alastair stobie has until end of H1 to decide FID............ plenty of time and eveything going to plan imo....

[nicebut] 20/3/2017 16:05

1. Because they closed the data room once without accepting anything...
2. Nothing has happened as yet.
3. Most Co`s don`t actually have to say they are partly for sale if they have something everyone wants- the action just happens. In this regard it could actually be quite similar to GKP as no-one was actually interested in taking up the BIR, buying into it, or buying it....for a number of different reasons.

greenmachine120 Mar '17 - 14:54 - 16520 of 16524 1 0
Nicebut.....how do you know they arent battering the door down....?

[gary38] 20/3/2017 15:44

I wonder if the Doc is dock on the rig .

[terry hardacre] 20/3/2017 15:30

Oh and one other thought - GKP was run by criminals for criminals, who used shareholder money to finance grotesque bonuses whilst lying through their teeth about the reality of the assets. That's a big difference to this outfit - quod erat demonstrandum.

[terry hardacre] 20/3/2017 15:27

NB - and so for me it's wait and see what happens in terms of EPS financing. In the meantime I anticipate drill news that should be value enhancing in the short term, if it isn't, well that's the risk you take.

[kirtonender9] 20/3/2017 15:10

I sold my GKP but added to my CHAR holding instead. Don't wish to be too greedy... just in case...

[greenmachine1] 20/3/2017 14:54

Nicebut.....how do you know they arent battering the door down....?

[nicebut] 20/3/2017 14:49

GKP had no problem getting placings away either...Most Co don`t until shareholders say errr wait a minute.... Then they go down the debt route...then the Co changes hands from shareholders to other people or goes bust....OK thats whats happened to a few Co more recently.....But it does show the parlous state of the industry atm

I would like to know why other Oil Cos are not banging loudly at the HUR door...

[agnabeya] 20/3/2017 14:45

Rayrac....I said on Friday the chart looked weak.
I thought it would drop to 51 by end of day....it waited until today.
That's the kind of b@ll@x I talk. 😊

It's looking steadyish at 51 for the moment...that seems to be the bottom line.
(Edit. I don't think it will drop below 50)

Charts are never predictable though....shares or humans.

[terry hardacre] 20/3/2017 14:36

I'd say that's a fair assessment NB - except that we need to see what the financing arrangements for EPS are and whether that involves a farm-in. I totally get the hypometer being switched on, and have strayed down the rampy path once or twice myself to my personal annoyance. However, on the strength of the ease with which they've achieved the last 2 fund raisings, it seems there is reason to be confident that HUR now have a compelling investment case that they are using to secure significant backing. We'll see, but I'm not as sceptical of the farm-in prospects as you at the moment, although the sceptical side of the fence is always the safer side.

[nicebut] 20/3/2017 14:23

GKP is complete basket case- Has been for many years.

Not sure HUR is totally home and dry despite the rampy posts on here trying to compare it to other minnows that did extraordinarily well in the past. The PoO and the present lack of investing, by Major oil Cos definitely having a negative impact.

The problem with HUR is it doesn`t appear to be able to get a.n.other OilCo to farm in- thus relieving the burden and taking some of risk away wrt the upcoming EPS. Without a farm in partner the burden will just fall on shareholders with yet more dilution. It is a bit catch 22 because it needs the EPS to prove up the fields.

I`d be very wary of committing any more of my portfolio to this until a farm in has happened.

IMO

[kirtonender9] 20/3/2017 13:34

Terry and Ray I totally agree with you both!

[rayrac] 20/3/2017 12:13

Well I would look at it like this...GKP are in a country which isn't that stable...and HUR isn't, so it's not that hard to read?

Not my choice to make, but I'd go for the hurdle makers arms.💤

[kirtonender9] 20/3/2017 11:58

GaryOverall not too bad in shares because I traded them although current holding is not very good. Spreadbets are a different matter though. I feel that with the share consolidation the shares will just drift down. If I didn't hold either GKP or HUR I know which one I would go for purely on the chart!

[gary38] 20/3/2017 11:38

What % r u down on Gkp.

[kirtonender9] 20/3/2017 11:32

I still have some GKP showing a big loss. Should I cut those and add to my HUR holding?

[rayrac] 20/3/2017 09:54

Perhaps we are?