Hurricane Energy Share Discussion Threads

[qackers] 23/8/2017 20:36

It says BUCENTAUR is a drill ship. Are we expecting drilling now or have I mis read this?

[laserdisc] 23/8/2017 15:58

BUCENTAUR DEPARTED @2.15 destination Lancaster field will arrive at 9pm this evg

[junk] 23/8/2017 15:11

topped up at 28.4 ish seems a no brainer to me. Just a slow news period

[greyingsurfer] 23/8/2017 14:51

.......just not sure who really gains by driving the price down pre-funding aside from the heavy shorting in that window.

I'm not sure what you mean by the price being "driven" down prior to the placing.

The people who benefit by the placing taking place at the price they can do it at are the company - they get to raise the capital they need, and the investors - who get to invest at a price they are prepared to.

Peter

[sloppyg] 23/8/2017 14:06

sometimes squeezing the funding price by the II's is a false economy as ultimately the share price will always migrate to those levels and a tad below in anycase.

Why not back the business at the then share price or at a premium, limiting the extent of the dilution and at the same time sending out an incredibly positive message.

.......just not sure who really gains by driving the price down pre-funding aside from the heavy shorting in that window.

[bountyhunter] 23/8/2017 10:17

fortunately not long now to Labour Day
...hope that bit works out ;)

[jimarilo] 22/8/2017 22:15

The old adage, selling in May certainly worked here

[haideralifool] 22/8/2017 19:56

If the share price had been heading north people would have been complaining that this summer's events were all a conspiracy to let the II's in on the cheap.

Now we can get in cheaper than they did...

[davidblack] 22/8/2017 17:50

Assuming we see first oil on the 1st of April 2019? We are 19 months away.

As those months peel away then investors will come back to the stock in increasing numbers.

Now the big question is where on that J curve are we today? And what additional events are going to come that move us up in jumps? The CPR? The return of the AM after completing her refit? Surface work completion? Or maybe the schedule running a little earlier than planned?

Lots of questions! But in the dull month of August the shareworld is asleep.

[laserdisc] 22/8/2017 15:45

I see all the mm have moved up I took 50k this morning, plenty of time I feel to add more over the coming months AM has now passed through straights of gib

[napoleon 14th] 22/8/2017 15:41

Agreed, chessman. If anyone holding HUR for the past 6 months doesn't know what market manipulation is, they should not be a PI!!!

I'm LTBH if all goes well ('scuse the pun)

[chessman2] 22/8/2017 15:30

I suspect the reason for the drop is simply market makers trying to increase trades in what is normally the slowest month of the year. I have it on good authority from my broker that MMs make more money in a falling market than a rising one.

Many investors are away on hols until the end of the month....or even St Legers Day.

For investors HUR is a cracking undervalued buy. The assets are great and in a year or so's time, if not before, we will all be irritated as to why we didn't buy more at this level. Be patient!!

[junk] 22/8/2017 15:18

holding off topping up as as soon as i got the funds released from elsewhere the price shot up ...typical... still if it hits 28 again i having some. apart from the fact there is no news (has only been a month) cant see any real substantial downside here.

[bloodhound] 22/8/2017 15:05

Just topped up, I must be barking, then again I am a Bloodhound;-)

BH

[davidblack] 22/8/2017 09:50

Possibly? But that wouldn't make a great deal of sense as his mandate is to invest in mispriced companies and given his previous views on the value of these assets it would be difficult to say that Hurricane is now fair value.

What you cannot argue with is 2.9m traded before 10am in a dull market is a lot of trade.

[kirtonender9] 22/8/2017 09:47

Not surprised it has fallen again this morning. It held at 29-30p for 2 months. That support has now been broken. Next support is 24/25p.

[rackers1] 22/8/2017 09:46

Bernstein selling?

[davidblack] 22/8/2017 09:43

We clearly have a very bored holder/seller?

Hurricane has $550m or so in cash on hand? So based on 2.5bn eventual shares in issue that's 17p of cash per share equalling non-cash assets are now priced at 11p a share!

That seems a little harsh?

[ytse] 22/8/2017 09:38

Even lower
Very bad management for such s good share

[zztop] 22/8/2017 09:36

LsE say 1 million buy order at 27 pSeems that's where we are heading?

[deanroberthunt] 22/8/2017 09:13

oh yes it is....

[catsick] 22/8/2017 07:23

I have been trying to get a price on the bonds , they seem to be waaay better value than the stock, the conversion means all the upside with none of the downside and fat coupons while you wait, recent restructuring deals such as gkp and enquest show bondholders hold all the cards when things get tough, only issue is none of the brokers can get a quote on these bonds, It seems they are very tightly held .......