Hurricane Energy Share Discussion Threads

[cfccfc1970] 30/11/2016 19:21

Sorry to ask - but is that UT trade of 9 mill a positive or negative.
Many thanks

[leeson31] 30/11/2016 18:50

Brent hit 51 few mins ago.

Zztop. It can't have as it was today's auction crossing trade... all the trades are in the price......

Least we can rule out leaks....

[zztop] 30/11/2016 18:17

Some say the 9 mill went through yesterday hence the drop?

[gary38] 30/11/2016 17:36

All those who sold before OPEC deal must be kicking themselves plus with all the positive news out and about to come out this is not a Share to trade at this time.

[oilandgas1] 30/11/2016 17:22

Risks post OPEC Deal
Risk: compliance: quotas not stuck to for 6 mths and could be hard to track and manage - transparency.
Risk: shale ramps too quick for market, how soon? How much?
Risk: what Trump does in oil industry, in particular with Canadian imports.
Risk: demand increases need to continue

Actual proposed deal: 1.2m to 32.5 01jan17
KSA 486kbopd cut to 10.06mobpd
Iran capped at 3.797
Iraq cuts by 200kbood
( non-OPEC and Russia to possibly cut too.. about 600kbopd on 09Dec16)

[oilandgas1] 30/11/2016 17:20

Below are 10 reasons, in no particular order, why I believe OPEC have cut, (and Russia will cut too):

1. Oil will fall below $40 initially without a deal. It provides short term stability to oil prices during the winter months, until the driving season begins. For many reasons, OPEC does not want to see prices in the $30 range, like last November.
2. Usd is getting stronger and oil will come under further pressure
3. Trump is about to take charge and support us oil and increase Canadian oil imports.
4. SA need Armco to be successful
5. Russia need rosneft to be successful
6. Market balance would be delayed and hence the march of oil upwards - need to delay until more demand comes online.
7. More revenue for everyone with a deal
8. Fed is starting a rate hike cycle >= stronger $.
It provides somewhat of a price floor for the end of the current business cycle. This is valuable as the world appears ready to embrace higher interest rates, and the $US is strengthening. Will there be a recession, and how deep will it be?
9. Inventory normalisation: Create an environment to enable the global drawdown of oil before shale takes off again.
10. Investment normalisation: Create an environment for future Capex investment and credit for OPEC (and non OPEC )for 2020 assuming avg 3 yr cycle.

[tiltedtrader] 30/11/2016 17:02

Todays vols are like rns days. What is going on? All down to the inclusion in the MSCI index?

[leeson31] 30/11/2016 16:44

9.1m shs in the UT crossing auction trade, at 39.5p.... some serious vols there .. nice up day :-)

[thanksamillion] 30/11/2016 16:07

Thanks for pointing out my typo - I meant $49 -Brent. Promise to keep quiet for a while.

Old age and all that!

[garymegson] 30/11/2016 16:01

One and half hour latter you sell half... lol


Thanksamillion30 Nov '16 - 14:27 - 12691 of 12696 0 0

Looks like its heading for 49p

[thanksamillion] 30/11/2016 15:58

I like the fundamentals here but that chart looks a little ominous, so sold half.

Good Luck to all.

[thanksamillion] 30/11/2016 15:24

Hypo

Sigh! I take it you mean Rig Count, plus web page now 6mths old.

[waterloo01] 30/11/2016 15:16

Well having originally bought for 44p and sold for about 25p, I'm back in at 40p with a small stake. Opec cuts look meaningful and the prospects here good (as they looked when I came in at 44p!). Fingers crossed my timing is better this time!

[thanksamillion] 30/11/2016 14:27

Looks like its heading for $49

[tiltedtrader] 30/11/2016 14:17

15 mins till conference

[gary38] 30/11/2016 14:13

50$ Brent at the moment

[the don of dons] 30/11/2016 13:41

1.2 m barrels a day

[laserdisc] 30/11/2016 13:37

OOPS decision isn’t yet public