Hurricane Energy Share Discussion Threads

[anley] 18/4/2018 16:20

Thank you for your words of wisdom.

I have been a Blue Button then a dealer and sometimes a MM all in the 60's then onto investment banking and fund management (Assets at a Discount Investment Trust - then I left to go into housebuilding and finally brewing........I say this as I have never met a person who has made money using charts. I used them as they only tell you what has gone on BUT not will happen.

In the case of HUR I have been long of this stock for 6 months at price under and over 30p and quizzed a friend of mine who works for BP just what is this share worth. Then you look at the management and especially the due dilegence that the funders did and I came to the conclusion I could double my money over a year or two.

So far so good but for some this is a dealing stock and believe me the only people who make money are the broker and MM with his turn so good luck to those who choose to gamble which I am afraid is what ADVFN BB is all about.

[gary38] 18/4/2018 16:10

Anley If your interested in T/A there is books l found that helped me in investing in shares which are MARBER ON MARKETS and NAKED TRADER others will have their preferences.

[gary38] 18/4/2018 16:05

Also a DB chart pattern on the daily chart , awaiting confirmation.

[telbap] 18/4/2018 15:28

Anly........www.stockcharts.com/school

[duckdown] 18/4/2018 14:33

Needs to break 40p then clear skies

[jacks13] 18/4/2018 14:19

...gets rid of dandruff, apparently!

[anley] 18/4/2018 14:18

and pray what will that do.............?

[telbap] 18/4/2018 13:19

Ext......strange how gary38 posted not long after you on the other thread......there is an inverted Head and shoulder on the daily chart....

[gary38] 18/4/2018 12:57

Invert H&S forming on the day chart .

[extrader] 18/4/2018 11:24

Hi all
"Is this a bowl I see before me...?"
ATB

[mirabeau] 18/4/2018 09:59

This is looking strong

[sloppyg] 17/4/2018 14:03

HD - understood thanks

[hiddendepths] 17/4/2018 13:57

Thanks for kind comments.

Steve - there are other forms of derivative which seem to bypass the stock on loan figures despite being effectively shorts. I'm not up to date with the current tricks but I know they exist. In days of yore, they were sometimes bundled together into a fund but I have no idea whether this still works.

sloppyg - what you say would be right if they needed 7.5%. But if they were happy with 5%, say, then it would still be economic to hedge down to a much lower share price level. I understand from a City source that is what was happening. The important thing was to remove the equity risk ASAP.

[sloppyg] 17/4/2018 13:21

Surely arbitrage trading on the CBs will be at the point the stock is "at the money"... so close to or above the convertible price ?

As far as i am aware the share price has only been in this territory for a very brief period post issue. If the hedgies chose to short in the low 30's they would be locking in a capital loss on the bond but with the coupon to offset.

Keen to understand this one but intuitively makes more sense to short when share price at or above the convertible price ........which makes the low 40's where the action really happens - perhaps explains the pull back from the recent 42p to 32p in short time ?

[ltinvestor] 17/4/2018 12:57

One should pay more attention to the mkt cap of a company than the number of shares in issue.I would expect a share consolidation at some point .HD excellent post btw.

[fireplace22] 17/4/2018 12:51

Personally hoping for first oil in the autumn, as this expectancy firms up during the summer we'll see a real appreciation.

[robbiekeane] 17/4/2018 12:47

That's a huge number of shares in issue, but I guess we knew that when we bought in. In my view the catalyst for a major price rise will be Q1 next year on expectation of first oil or a takeout by a major.

[f1araway] 17/4/2018 12:21

If there are 1959 MM shares in issue, worst case, can this be added to by another 575MM and thus a possible significant dilution?

[phowdo] 17/4/2018 12:10

28970, Looking at stock on borrow is no means the whole picture.

Market makers can be naked short to any level if there are sound reasons for being so and is not disclosed publicly by the FSA. Hence investment banks and brokers who conveniently are registered as market makers can go about delta-hedging for their clients without having to borrow. They just naked short and cover when the bond is converted.

[verymaryhinge] 17/4/2018 11:45

My understanding was that an good number of the people who bought the stock bought the CB as well, outright (not on swap / hedged) as the deal was sold on the "equity story".

[steve73] 17/4/2018 11:42

hd.. stock-on-loan was 6.58% average during March (96.7MM), down around 1% from Feb average, and dropping steadily from just under 10% since Nov, although it had increased from July's 3.6% after the CB's were issued.

There are around 575MM potential new shares from the CB's, so it appears that less than 17% of them are currently balanced with shorts.

[farmscan] 17/4/2018 11:17

Thanks, informative post.

[fozzie] 17/4/2018 11:07

Good post hd