Hurricane Energy Share Discussion Threads

[greenmachine1] 10/5/2017 12:13

"haven't been proved to flow" ????? Short away mate, short away.

[buy curious] 10/5/2017 12:11

700 million mkt cap, with Brent at 49, and their finds haven't been proved to flow?


Shorters dream.

[rayrac] 10/5/2017 11:40

Yep! Now I'm old and wiser, so I ignore guys like you.👉ㇿ9;😎🙈

Peeps can't make up their minds where they think we, HUR, are headed short term. But I have no such doubt🤔

[davidblack] 10/5/2017 10:02

Volume down and stock up this morning.

It's almost like the shorters from yesterday have stopped arriving and the shares are starting to grind upwards in line with the trend of the last few weeks.

I wonder how long it takes for our "Recently Arrived Friends" to decide to take their losses and move on?

Anyway it's nicely nibbling higher, back on track fully in a couple of days.

[zztop] 09/5/2017 18:43

Rayrac is it true.. When you were young you were old and miserable? :0)

[control1] 09/5/2017 17:43

Pounddreamer - I am pretty sure that they knew what they were dealing with when they formulated the EPS....

[rayrac] 09/5/2017 17:41

Lots of options, very true. But we can only guess what will be!

It's like waiting for Christmas when we were young...cos I'm not so keen now I'm old and miserable😱😩

[davidblack] 09/5/2017 16:31

Maybe the farm out occurs with the major deciding to do a full field development?

Maybe the EPS might then end up at Halifax or Warwick.

Or even Whirlwind?

Think of it as the wedding date stays put but the bride changes?

Lots of options

[mike_f] 09/5/2017 16:21

What a recovery on the day! Can we finish blue?

[pounddreamer] 09/5/2017 15:52

Been out the loop for a while and playing catchup.
So we have had the CPR but not much has changed by the looks of it.
Brave shorters about if this board is to be believed. Personally I think they are taking a huge risk as news on funding, FO could happen at anytime. AS and Dr T have had plenty of time now to stoke up their irons - they must be red hot IMO. Having said that there is an element of uncertainty which maybe being played but you'd have to spend all day with your finger over the action button.
I also wonder if the EPS is now too small for the size of the field. It was designed initially when the field was expected to be 200 to 300mil - now its 500+ and going up!
Much better IMO a farm in with a major and go at it all guns blazing.

[leeson31] 09/5/2017 15:07

best to look at both variables then Steve, and check share price trend too....

[russell250] 09/5/2017 15:00

I don't think this is best trading stock for shorts / longs - this is more like a hold and momentum

if I was trading on cfd`s I be doing likes of Glencore - no spread volatile with daily patterns more predictable linked to China and commodities - large cap - huge liquidity so can get in and out with volume - only dealing charges as swiss based

[steve73] 09/5/2017 14:38

The trouble with shorttracker is that it's only shorts of more than 0.5%. You could have say 10 shorts all at 0.49% and nothing would be showing... If they all increased by 0.02% then suddenly you're 5.1% short declared with only 0.2% actual increase.
I agree there ARE other reasons for Stock on Loan, (i.e. between MM's) but I bet the majority was being used for shorting.... and you certainly can't afford to ignore it.

[leeson31] 09/5/2017 14:17

broker can borrow stock too for legitimate reasons, its not all gloomy reasons having stock on loan....

in this case, the 'someone' could be multiples entities aggregately lent stock... but given CA and kerogen are the biggest holders, typically its a holder of size that lends it rather than aggregately..

its the short tracker site that matters imo...

cheers

[davidblack] 09/5/2017 14:08

Hi Leeson many thanks for that

So "Someone" is lending the market 32m shares.

Given CA's holding they would of course be a natural suspect to be the lender.

When the stock was called in it would be an ideal time for CA to supply the stock to balance the market.

[idleduck] 09/5/2017 14:04

I loathe shorting, absolutely loathe it
It should be outlawed

[leeson31] 09/5/2017 13:58

david, not short, but stock on loan, theres a difference.... one can only speculate any amount but no more than 32m shs short, but the amount of stock on loan doesnt always mean that is the amount of stock being shorted.

imo, best wway is to wwatch shortracker.co.uk for any short positions above 0.5pc declareable... in conjunction with euroclear loan data.

basically, for many months there has been stock on loan, whilst the share price has risen materially...

[davidblack] 09/5/2017 13:53

Steve that's interesting so last month the short position was 23m and that has risen to 32m short.

I wonder if any of that has been arranged on behalf of CA? They would be the natural party to set up a short position to hide their stock rebalancing.

[steve73] 09/5/2017 13:50

The latest data I have access to is AVERAGE for April... paying members of Euroclear can get upto date data.

[rayrac] 09/5/2017 13:40

Thanks!

Well I think I know value when I see it...in this case!

[sloppyg] 09/5/2017 13:35

.....or thirdly that the shorters expect a discounted placement (albeit potentially small) in the safe knowledge that the CPR is now in the public domain and can no longer damage their position.

It takes a brave man however to open a significant short here; more likely a bit of pocket money and a sharp exit as others alluded to.

[odvod] 09/5/2017 13:31

front selling the later issued stock?

[steve73] 09/5/2017 13:27

Ray - well if you subscribe to the idea that stock on loan gives an approximation of total shorts (IU there are some other reasons to loan stock, but not sure why), then the total shorts are increasing significantly.

The fact that none have declared over 0.5% suggest there are lots of small shorters rather than a couple of larger players.

But the question is, is it being shorted because it is thought to be over valued, or is it to depress the price such that any equity raise will be at an artificially low price?

[rayrac] 09/5/2017 13:17

Steve, I'll ask this for myself...and maybe others!

Is that a good or bad sign?

[steve73] 09/5/2017 13:11

Monthly stock on loan is up from 1.91 % average in Feb to 2.66% in Mar to 4.98% in April.

That's quite a rise over a couple of months and is approaching the kind of amounts where you'd expect al least one of them to be over the 0.5% declaration limit