Hunting Share Discussion Threads

[jakleeds] 14/12/2006 08:03

Another 'ahead of' statement this morning!

[hectorp] 01/12/2006 10:11

Re-rating in progress?

[hectorp] 29/11/2006 10:29

and up another 10p.. should have bought some. SDX needs to catch up- sometime!

[hectorp] 28/11/2006 16:13

Weakness reversing, suggests its a buy. Up today, though SDX, is down again.

[old giggleswickian] 24/11/2006 17:19

Consensus forecast now moved up slightly from £64.55m to £65.07m. I still think this is very much on the low side and the Christmas Trading Statement should be as bullish as any in the last three years.

Ian.

[huggybear1954] 16/11/2006 16:12

Enabler,

'Question has the share price found its short-term level or is there more to come?'

This has always been the question with HTG for the past 3 years or so. I guess the trading statement due in about a month will give some direction. Personally, I'm happy to hold as I can't see cheap oil returning at any point. Hunting seem to have the operation at the tar sands sewn up. The downside looks pretty limited IMO and there's always the spectre of a takeover as was the case with the Abbot Group the other day.

[hectorp] 16/11/2006 09:14

The sub-sector itself should remain very bullish and a source of constant nw investors for as long as there is growth in the oil drilling business.. which may last some years.
My take on how to view the relationship between the price of crude and the high cost base of extracting oil from tar sands , is that the key to the profitablility will be the fact of the vastness of the tar reasource.
If a tar field under your company's jurisdiction produces 1 Billion barrels of oil! then if the price of extraction is $30-32 and the price on the market of crude is $36, the profitability is immense. I simply cannot see a case of lower than $40 crude in coming years myself...

[enabler] 16/11/2006 08:58

Considering the success of the share price over the past 3-6 months let alone over the past 3 years this is a very quiet bulletin board, so lets see if we can start a discussion, first of all I don't agree with the person who sold 50% of their holding due to the oil price falling to $50 as I understand it the sands remain profitable if the price is above $30, the price of oil should not effect the long term share price as it is the need to keep finding new supplies or getting more out of existing sources that drives this company.
Question has the share price found its short-term level or is there more to come?
Any predictions of the share price after the next set of results? In fact given the constant need to keep finding oil should we not just put the share certificate in a draw and see what they are worth in 10-years time?

[hawks11] 16/11/2006 08:49

Better still read through the last inerim results and get a feel for it yourself. A poor second half will still be a plus as far as I can see.

[old giggleswickian] 15/11/2006 13:43

Hectorp,
I don't understand the question. Any chance of you rephrasing it?

Ian.

[hectorp] 15/11/2006 13:18

So Hunting is predicated on the oil sands play? it that a major factor..

[wjccghcc] 31/10/2006 18:02

Well I've taken profits on half of mine. If the oil price falls to $50 then investment in the oil sands may be less certain.

[mr mole] 31/10/2006 17:43

Onward and upward we go. Hit £5 for 1st time today.

[huggybear1954] 25/10/2006 08:36

Similar article on Citywire yesterday. Said that there was about the same amount of oil in the tar sands as the remaining oil reserves in Saudi Arabia.

More business for Hunting...

[old giggleswickian] 24/10/2006 19:28

From the Mail today:-

The oil price has slipped back below $60 a barrel despite the OPEC decision to cut back production. But this is proving no disincentive to the big oil players as they scramble to find new reserves.
Rather than explore themselves it is sometimes easier to let others deal with the searching and political risk and pick up assets through the stock market.
Shell, which is struggling in Russia's Sakhalin field against surging costs and an increasingly mercurial Putin government, is opting for the calm of the Canadian wilderness for its latest investment. It is offering to buy up the 22% minority in Shell Canada for £18.95 per share, or £3.6bn.

Even a couple of years ago this would have looked like a ridiculously high price for a company toiling to extract value from Canada's vast tar oil sands. These fields are hugely expensive to develop, costing an estimated $30-a-barrel rising to $40 in the future.

But even with oil prices at current subdued levels oil sand deposits still look attractive. The potential is enormous. Alberta province alone is estimated to have potential deposits of a trillion barrels and purchase of the minority stake will be helpful to Shell as its seeks to rebuild reserves.

[old giggleswickian] 20/10/2006 17:02

Consensus forecast for pre-tax profit is now up to £64.55m. I am sure that they will catch up with me eventually!

Ian.

[huggybear1954] 18/10/2006 10:58

Bit of help from the Wood group today. Maybe we'll finish at a record high.
Perhaps someone will eye up HTG for a takeover. Much better value IMHO.

[mr mole] 14/10/2006 14:20

Directors sell not very helpful,but directly linked to purchase of options. He still holds 240,000.

[chester] 13/10/2006 11:10

Better late than never. I bought into these at the open today.

[mr mole] 07/10/2006 13:27

Yes Bruce looks hopeful. With interims well up, plenty of scope to move higher towards end of year.

[bruce8] 07/10/2006 13:18

Friday's close seems to confirm a breakout upwards from the triangular pattern the share has been in for the last month. Should get some good upside now. Thanks to Dodddy for drawing my attention to this on the traders thread.

[mr mole] 16/9/2006 11:31

Can't see this slowing in short to medium term. Now interims are visible should see run up to finals over next few months. Oil price may be down a little, but still lots of action in sector.

[utsushi] 16/9/2006 08:28

Old giggles, the only thing that is a no brainer is that there are no no brainers, it's sometimes dangerous to buy at the end of a long trend, i agree the stock appears cheap but earnings momentum maybe about to slow...

[old giggleswickian] 11/9/2006 00:33

From The Business as above:-
This week's shares are ones I've tipped before and are still worth looking at or adding to. The first is Hunting. It has gone up a lot but has further to go. When this oil services company is worth one times sales, it might be the right price. It will have to nearly triple to get there and in an environment where its services will be booked out until further notice there is plenty of upside. I hate buying in at anything but the bottom but sometimes it's a no-brainer.

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I have to say I would not link the price to t/o because the margin is very small on much of the business as some of you will know.

Ian.