Hurricane Energy Share Discussion Threads

[tom111] 27/4/2018 11:51

Filtered become extremely boring

[mallorca 9] 27/4/2018 11:50

Yes I know.
Should get hit.

[chopsy] 27/4/2018 11:48

It was a buy order.

[mallorca 9] 27/4/2018 11:45

I think it will be well diluted by then.

[stepone68] 27/4/2018 11:44

mallorca9 - a drop to 30 now is irrelevant. The price that matters is 2 years away, once eps has been up and running for 12 months. If things are going well it will be multiples of the current price (or will have been taken out). If things go badly then que sera sera.

[mallorca 9] 27/4/2018 11:43

If that's a sell order ... you may see 36p very soon.

[chopsy] 27/4/2018 11:37

I wonder if the large order we were told about at 36p ever got filled? Perhaps they revised it upwards.

[mallorca 9] 27/4/2018 11:35

Ok ... but once it breaks down through 40p it's then a sharp fall to 30p and below.

[greyingsurfer] 27/4/2018 11:26

He's gone on filter here - lives too short to waste on his sort of rubbish.

[bigdazzler] 27/4/2018 11:26

Big TA point for me is the 42p. We broke that resistance level with volume so it’s now acting as support.

Key is to stay above this over next few trading sessions then I would be looking for upward trend to continue to the top of the channel which currently gives me a target of around 52-55p

[stepone68] 27/4/2018 11:24

Have you ever thought about going on Mastermind, mallorca9? Specialist subject "The Bleedin' Obvious" ?

[mallorca 9] 27/4/2018 11:16

So the whole plan is just to prove it up and sell it on ... and you think that's currently worth over £800m. I hope the oil price doesn't drop !
Oh dear.

[steptoes yard] 27/4/2018 11:14

He seems in a hurry to multi post for some reason. I must thank him for the aggregated public information service on a 24hr continuous loop.

[greyingsurfer] 27/4/2018 11:10

FFS mallorca,

Since you seem to think you are so knowledgeable about HUR, PMG and oil companies how is it that you do not understand the basics of what HUR are doing? Of course more money would be needed to fund an FFD - vast amounts of it. But it is not HUR's intention to fund it. The EPS is designed to prove up the field to a point where someone else will come in and take on all or most of the project.

And of course the EPS once up and running should generate around $1.5m per day gross revenue at current prices, which will go a long way to funding further incremental development if HUR decide to end up going that route.

Your current valuation is of no interest to me - or I expect most here - since you clearly have no understanding of the company.

Peter

[mallorca 9] 27/4/2018 11:06

Oh dear ... some are so blind.
This share price will collapse.

[mallorca 9] 27/4/2018 11:01

I'd currently value this at about £200m ... so a quarter of it's current share price .... so around 15p.

Be careful, watch out for a price collapse.

[f1araway] 27/4/2018 11:00

HDMany thanks. It was good of you to take the time to respond.

[mallorca 9] 27/4/2018 10:58

Sorry if that's new news to anyone ... also , first oil (from the EPS) by end June 2019.

[mallorca 9] 27/4/2018 10:56

From the results presentation ....

'The Company is currently proceeding towards the first phase of development of Lancaster, an Early Production System, with first oil targeted for 1H 2019'.

This is all that they are funded up to.

[mallorca 9] 27/4/2018 10:46

From the Final Results ..

- '$547 million raised in new equity and convertible bonds (before expenses), fully financing the EPS'.

they are only funded up to the first Early production System.

There has also been further news on rising costs.

This looks very hyped at the minute.

[the guardian] 27/4/2018 10:45

I have had mallorca on filter for a couple of years. Take no notice.

[gisjob2] 27/4/2018 10:43

Mallorca, No they don't ! suggest you pull your head in.

[cumnor] 27/4/2018 10:42

Will fall back no doubt to 40-41p and many will take profits but with something like this i wont trade (done it before and often lost out on multi baggers) with small short term gains. Depends on your style and timeline. I like the feel of HUR-hopefully in a few years a mega name in UK oil and a medium one in world E@P companies-which would see valuation in high single digit billions. Plenty of oil if it can be turned to reserves but I feel the majors will not wait-given the dearth of new mega fields in SAFE regions over the last decade and increasing consumption despite the best efforts of renewables and shale.

[mallorca 9] 27/4/2018 10:42

Of course they have to raise further funds.
Suggest you read up.