Hurricane Energy Share Discussion Threads

[the guardian] 18/1/2017 20:23

Now we know why the price is falling!

[obmuj] 18/1/2017 18:33

kirtonender9 - I did the same; like you, on Monday, as it popped up, briefly, to 50.25 so sold 30,000 T20's - phew; just in time.
Was about to roll-over but decided share price might slide now that Alistair Stobie said not much happening for ....well....more than next 20 days.
I'm going to dive in for a few more (tens of thousands) on T20's when/if I feel time right.
I don't do too many T trades but my strategy is to have equivalent (tens of thousands) in SIPP, financed, and gamble on the other thousands with a series of T trades.
Never works usually but this time HUR has been good to me and banked a nice little £2k profit over past month which pays a few bills/lowers the o/draft.
Might try a sneaky few before end of month though but will wait for lower 40's.
If it doesn't get there, not worried, hedged with the SIPP lot now running at small loss.
Prior to Halifax RNS will only invest(sometime Feb I guess.

[cashandcard] 18/1/2017 18:16

Buffy, 14104#I agree. Dr Trice's strategy all along has been to explore, discover and appraise. Field development is not a question here, the EPS is an exception to that. The main reason they're even progressing with EPS is because it's a necessary part of the 'proof of concept' the industry needs to see and it's (relatively) cheap and feasible for Hurricane to do so, given the production wells are already drilled and they are securing long-lead items already. My prefered option for EPS is to farmdown and offload the costs onto a partner for a slice of the pie. That and perhaps a sale of non-core assets. To avoid mortgaging of the assets through debt, bonds dilution etc is important. Assets and value which shareholders took the risk to buildup and enhance, vultures will happily circle at the first signs of trouble so they can snap up.Full scale development is loaded with cost, debt/dilution operational risks and the length time to first fullscale oil production (5-7years) is easily enough time for markets to spring nasties. It is a boon Hurricanes model has been steered away from development.Cash

[kirtonender9] 18/1/2017 15:30

I had a T20 which had to make a decision on Monday. Decided to close and pocket the £50 profit on offer at about 50.25p I have a large holding and may try another T20 during February.

[gary38] 18/1/2017 15:17

Halifax well could be 'cherry on the cake' for Hurricane Energy2017-01-16 13:45:00 Hurricane Energy Plc (LON:HUR) has now spudded the Halifax exploration well in the Rona Ridge Area in the West of Shetland region of the North Sea. Proactive's Equity Reporter Jamie Ashcroft says: ''Hurricane's enjoyed a lot of success, shares are up around 400% this past year, mainly thanks to these positive well results and this is the fourth and final of this campaign so if it also comes off it'll be the cherry on the cake for Hurricane''.

[rayrac] 18/1/2017 12:24

Terry, can't hurt longer term! But until the results from Halifax!! But if I had the spare cash, I'd probably do the same.

[kandymans1] 18/1/2017 12:18

TerryGood luck with it.I topped up a little at 52p.Funds gone so going sit gamble on halifax .

[terry hardacre] 18/1/2017 10:55

I was out at the time of the first drop this morning and cursing the fact I didn't have the username for my share account on my phone - was convinced there would be a fast bounce.

Not such a fast bounce, maybe a bit further to slip on market jitters, cooling of expectations for mega-news in the immediate future.

Anyway, screw it. Just taken another 100k shares, for better or worse. In the long run this will deliver me a profit I reckon even if I could get them cheaper later this week...

[gary38] 18/1/2017 10:44

Search Jobs, News, Events and More RIGZONEDownstreamTodaySubseaIQEnergy NewsMost PopularHeadlinesExplorationProductionRegional NewsPolicySearch NewsCommoditiesCareer ResourcesSearch JobsJobs by CategoryJobs by CountryFeatured EmployersSalary SurveyMy CV/ResumeUpload your CV/ResumeFAQEventsTrainingHow It WorksIdeal Employer RankingsData ServicesRigLogixRigOutlookRigEdgeMarketplaceSearch EquipmentEquipment CategoriesFeatured CompaniesRecent EquipmentPost AdManage AdsFAQOil and Gas DirectoryEmpowering People in Oil and GasSubscribe to Our NewsletterYour Email AddressSUBSCRIBEFollow Us Search Jobs, News, Events and MoreRecruitersSearch ResumesRecruiter DashboardPost JobProducts and PricingFAQCompensation TrackerSign UpLoginNEWS SEARCH ARTICLES SUBSCRIBEModest Recovery Within UK Upstream Sector Expected in 2017by Andreas Exarheas|Rigzone Staff|Tuesday, January 17, 2017inShare45 submit to reddit Modest Recovery Within UK Upstream Sector Expected in 2017There will be a modest recovery within the UK upstream oil and gas sector this year, according to global natural resources consultancy Wood Mackenzie.There will be a modest recovery within the UK upstream oil and gas sector this year, according to global natural resources consultancy Wood Mackenzie.Although activity was low on the UK Continental Shelf in 2016 as companies were in full survival mode during the oil price downturn and added Brexit uncertainty, there was a change of pace towards the end of the year with the rise in oil price and larger deals signalling a return of confidence, Wood Mackenzie said in its latest report: UK Upstream: 5 Things to Look for in 2017.The report outlines that growth opportunities, including frontier exploration, small project sanctions and increased mergers and acquisitions look likely this year."Exploration and appraisal drilling hit a 50-year low in 2016, but despite this volumes discovered were the highest since 2008," Wood Mackenzie Senior Analyst Fiona Legate said in a statement sent to Rigzone. Last year wells within the UKCS were drilled faster and cheaper on a like-for-like basis versus 2014, Legate added.Fifteen exploration wells are forecast to be drilled in 2017, which will benefit from the current low-cost environment, Legate said. There is still appetite to drill from a range of players and this year the majors are expected to return to UK exploration, Legate added.Production on the UKCS is also set for a boost in 2017, with output expected to increase for the third year in a row."Fourteen new fields are expected on-stream this year adding to the strong near-term production outlook, although we expect decline will set in again after 2018," Legate said.With the second half of 2016 bringing three large deals, signalling higher market confidence, Wood Mackenzie believes that 2017 will be a record year for M&A activity on the UKCS and the biggest year since 2012."Majors' divestments and utilities exiting the play will contribute to this. Private equity players are expected to remain big buyers," Wood Mackenzie said in its report.Surviving the DownturnA number of factors helped oil and gas companies weather the downturn within the UKCS."Operating costs were slashed to $20.07 (GBP 16.50) per barrel of oil equivalent, down more than 40 percent from the peak just two years ago. This helped a number of companies to survive," Legate said.These measures, combined with increased uptime at fields, provided a welcome shot in the arm, despite the difficult operating environment, Wood Mackenzie's report outlined.Another ray of light came in the form of cuts to the UK marginal tax rate."2016 was an important year for the UK fiscal regime as it was adapted to maximize investment in the ultra-mature sector," Legate added. Modest Recovery Within UK Upstream Sector Expected in 2017by Andreas Exarheas|Rigzone Staff|Tuesday, January 17, 2017inShare45 submit to reddit Modest Recovery Within UK Upstream Sector Expected in 2017There will be a modest recovery within the UK upstream oil and gas sector this year, according to global natural resources consultancy Wood Mackenzie.Prior to the oil price crash, investment was already forecast to decline as the UKCS lacked material investment projects, Wood Mackenzie said in a company statement."Capital investment declined 20 percent in 2016, to $10.2 billion (GBP 8.4 billion). The decline is due to investment projects reaching completion, a scarcity of new investments and cost reductions," Legate said.Investment decisions should start to pick up as investment increases across the oil and gas industry which in turn will benefit the North Sea, Legate added."Fundamental conditions for the integrated oil sector are arguably the most favourable since 2012," oil and gas analysts at investment bank Jefferies said."Company self-help measures have driven break-even prices down to $50 per barrel, while OPEC intervention in the oil markets has likely put a floor on Brent prices in the low-$50's," the analysts added.

[laserdisc] 18/1/2017 09:40

boat spotters we have a new supply vessel we are back to the NAO THUNDER

[gary38] 18/1/2017 09:16

Mms tree shake just took out a lot of sell stops collecting cheap shares for their big client investors.

[buffythebuffoon] 18/1/2017 09:00

Fair enough Cash, you know more about HUR than I do.

By a good Halifax result, I assume you mean an unequivocal declaration that Halifax is part of a supergiant field.

It's easy to forget about Warwick and Whirlwind of course.

If Halifax is connected, then we may, just may, get an early offer. If not, then how it's all going to be monetised is the $64m dollar question. The funding won't be a problem I'm sure for the EPS, and this gets us some cash and proves the play. Without that unequivocal result, nobody will come in with the big bucks I don't think.

Lack of cash can easily ruin what appears to be a very good investment; good board, great assets etc. As we both well know!

Buffy

[davidblack] 18/1/2017 08:53

26m at circa 50p sounds like a £13m pot.

A bit more than nothing!

Share price is drifting because we have steady small selling which is exactly what's required ahead of the next leg up.

First Halifax news maybe 14th of Feb? Just my guess and happy to wait a lot longer.

[gary38] 18/1/2017 08:52

With a solid gold hammer.

[cashandcard] 18/1/2017 08:46

Buffy,In one of the interviews, I believe it was 2014, Dr Trice stated the resource base they were going after in the area was 3billion. That was based on P3 CPR numbers. Since then, Hurricane have not only proven the 'oil-down-to' to bring P3 into play, but actually managed to prove deeper column.A good Halifax result and I think 3 is nailed on.Cash

[buffythebuffoon] 18/1/2017 08:36

Yet you still engage with him.

Buffy

[mirabeau] 18/1/2017 08:35

Is ADVFN playing up or is it me? All the threads are failing to update..weird

[extrader] 18/1/2017 08:34

Hi FSAwatcher,

CA have over 35% of their NAV in HUR , IIRC, most people can see why they might be under pressure from their compliance people (you know about compliance, right ?)to manage their exposure sensibly.

They're unlikely to exercise the warrants at this stage because that would be a 2 step process - (a) have HUR issue shares and (b) then proceed to sell them. Less complicated to sell shares.

But you knew that, of course - your question was rhetorical !?

ATB

[shanig] 18/1/2017 08:30

Just too much hot money running round oilers at moment. Bit more patience with hur, flow testing, cpr and should be there.

[the guardian] 18/1/2017 08:20

Here we go again.

[fsawatcher] 18/1/2017 08:01

pi's gonna be hacked off if nuther holdin rns come out sayin ca sold more stock

when they gonna exercise those 20p warrants?

bit extra cash for hur to cover costs on rig for weather delay

[the guardian] 18/1/2017 07:55

Hyper Al,

Partly agree, but the recession didn't help and now it's endemic in all companies.