Hunting Share Discussion Threads

[heialex1] 30/6/2022 07:35

Excellent trading update. This will go from strength to strength now and it will eventually attract attention. Looks like a great time to get in or top up

[robertball] 19/6/2022 08:07

Texas LNG plant problems?

[supersta] 15/6/2022 20:03

Broken down more like 😉. Didn't think this would give me an opportunity to get back in. If goes much lower I may be back in here

[stevieweebie2] 08/6/2022 16:52

certainly broken out.

[heialex1] 07/5/2022 00:06

Surely this will look very cheap soon. Have a small holding but minded to increase and wait for the oil companies to start spending again. This should fly at some point.... Or get taken over

[flyfisher] 20/4/2022 08:30

A decent first quarter given the covid impact of the first two months and the trend looks to be positive for the near future. HTG looks to be in position to benefit from any russian oil embargo.

I guess the positive newsflow will continue for some time yet.

[asagi] 17/3/2022 13:38

management here are very bullish aren't they?

There has been a period of severe underinvestment in their space which is now being reversed. Q4 was especially busy and a similar Q1 has been enjoyed but those orders won't become invoices until Q2/Q3.

Manufacturing output was undermined by lots of staff getting COVID. These guys are going from strength to strength and with around 80% of business going to land-based exploration in North America it is a brilliant play on the world's desire to move away from Russian oil.

Note how the share price did NOT fall back on the other side of the recent spike in crude prices.

They clearly want to get back to $1bn a year of revenues but that might not progress in a straight line as the lower margin North Sea etc. business is exited.

Asagi (long HTG)

[thefartingcommie] 10/3/2022 12:00

RBC raises Hunting to 'outperform' (sector perform) - price target 455 (265) pence

[jw330] 09/3/2022 14:55

Looks like Biden is now keen to get us shale plays to drill as much as possible. Should be a one way bet from now on!

[dangersimpson2] 08/3/2022 11:28

Not heard any takeover rumours yet. The last time oil prices were at the current levels then Hunting traded at £9 and the market has just been slow to react to this disconnect.

Partly this has been because this energy cycle has been much slower than previous ones. The rig count is rising but much more slowly than in previous cycles. Some of this is due to greater rig efficiency, with fewer days to complete wells (although still the same demand for Hunting's products, of course). However, the biggest impact is the unwillingness of banks to fund oil exploration through debt. Hence increased drilling has to happen through re-invested profits from existing production. The good (or bad depending on your perspective) news is that the cycle is likely to last longer with higher prices for longer and less boom and bust.

[flyfisher] 07/3/2022 09:38

It looks interesting that richard hunting has retired and i note that he still has a 15% stake.

Given that it trades at a nav discount. Any thoughts that this could now attract a bid from one of the sector leaders?

[jw330] 07/3/2022 08:39

That's a logical mans thinking. But the white house is currently run by extreme leftists who often have no logic so we will have to wait and see. Bringing back trump era drilling will solve a lot of issues currently.

[robertball] 07/3/2022 08:18

In war time surely green policies are off the agenda. They are unaffordable.

[flyfisher] 07/3/2022 07:51

Broker forecasts have been slightly upgraded, post results.

[jw330] 06/3/2022 22:01

the upcoming year will be test of Biden's green agenda vs the need to reduce domestic oil prices in USA. He might win the green voters currently but if inflation persists due to high oil prices there are going to be a much larger population that will never vote for him again.

If he reverses restrictions on drilling on federal land to try and bring down the oil price then hunting plc will be taking full advantage and be multiples of the current share price.

[robertball] 06/3/2022 09:19

Time to frack like there's no tomorrow.

[jw330] 03/3/2022 14:27

Yeah nothing horrendous in that report and tbh thinking about it logically oil at 100 plus dollars is the time this company will make money so I'm happy to hold ignore the trashing of the share price

[value hound] 03/3/2022 13:59

Tipped in the IC, with the conclusion:

"We picked Hunting as an oil recovery play but it has massively underperformed the rest of the industry, as services spending has climbed far slower than forecast. We'll stick with the positive call, however. Buy."

[stevieweebie2] 03/3/2022 08:34

treeshake?

[jw330] 03/3/2022 08:08

hopefully will bring more contracts in USA with her massive phone book having worked at schlumberger for 33 years

[stevieweebie2] 03/3/2022 07:30

https://www.investegate.co.uk/hunting-plc--htg-/rns/proposed-appointment-of-non-executive-director/202203030701024376D/Big Dog.

[jw330] 23/2/2022 19:46

blackrock buys another chunk. they must be excited about the update coming up in March!

[robertball] 16/2/2022 06:50

Step change in shake investment

[jw330] 10/2/2022 15:00

inflation red hot in USA and oil is marching towards 100 dollars. Hunting looking very tasty now!