Hurricane Energy Share Discussion Threads

[agnabeya] 25/10/2020 22:34

mhin2-20794 It should go Biden’s way- but I think it will be close. If the electoral college states go for Trump, I think that might swing it for him. He won last time with 3 million leass votes than Hilary. The US system is mad.

[keepitsimple5] 25/10/2020 16:55

Multibagger2022 (LSE POST) Today 07:36 "I’m a fan of DCF valuations based on forward EBITDA EPS (excuse the acronyms). When I apply this to a few recovery stocks I get the following: - NewRiver Retail - 32% discount to forward DCF valuation, reflective of risks - pub and retail shop rental income risks, Covid and acceleration of online shopping - Aviva - 36% discount, reflective of risks of negative interest rates, house prices dropping in 2021 (equity release risks). - Legal & General, 14% discount, reflective of similar risks to Aviva but maintained their dividend during Covid and increased cheap debt to expand, a well deserved higher rating. Now Hur, a huge 92% discount, (see my previous DCF valuation post), reflective of risks of single well, rising WC, WI uncertainties, fundraise, OGA (Lincoln), oil price. Oh, 92% discount is not a typo, so must also include risks of AM sinking, giant squid eating subsea infrastructure, Lincoln earthquake closes fractures, OWC rises to zero metres, directors abducted by aliens and maybe nuclear war :-) I’m not suggested Hur deserves a valuation like the well diversified companies mentioned above, but I am looking forward to a modest Hur re-rate on funded forward plan to maybe 80% discount (6p), then again on plan implemented and new CPR spring 2021 to say 60% discount (12p), then again on stable 20k bopd achieved early 2022 to say 40% discount (18p). I hope I’m being conservative with my estimates, and my 2022 DCF valuation rises on further funded exploration (reserves increase) or maybe higher oil prices than forecast (supply crunch due to slashed capex worldwide). As always DYOR."

[thegreatgeraldo] 25/10/2020 11:40

CA's residual oil prompted a train of thought.... How about if many millions of years ago, the OWC was indeed a few hundred yards below where it is today........ Just because there was an effective trap holding oil in place way back, doesn't mean any seal can't be breached, or partially breached, by some unhelpful geologic event. If the seal had been partially breached, there'd be some traces of residual oil below the current OWC, which would explain the log data & samples HUR have collected pointing to what they believed was a much lower OWC.

[laserdisc] 24/10/2020 16:29

HTTP://www.seacroftmarine.com/webcams/east/ Grampian Sovereign should show on horizon its due in port in next 40 mins then switch to the West camera the Lerwick Roll on ferry is just leaving as i post

[mhin2] 23/10/2020 18:11

leon I thought a WI was what they were thinking of to address the issue of water but not fully decided...I imagine they are still gathering data and evaluating...I thought they also mentioned a well/injector somewhere...can one have both? They also mentioned AM has water injection facilities. There is still too much unknown...so let wait and see how they go forward. I thought the last update intimated good stabilization at well 6. There must be more well 6's around!

[leoneobull] 23/10/2020 16:42

NGMS? Thanks. Regarding 1) is it not possible that there are different views as to how effective WI is if water cut exceeds 20%? It strikes me as odd that HUR would make this the central plank of their remediation plans if it will be a waste of time. Why not tie back Lincoln instead and drill a dry well?

[sirmark] 23/10/2020 14:06

Just bought another 63,000 showing as a sell

[gah123] 23/10/2020 11:25

Sells being mopped up, breakout imminent.

[agnabeya] 23/10/2020 11:18

Mihn2-20766 - I think a vaccine could see some sector rises. If it’s effective and targeted -the world/economy/travelling could begin again. A quickish rise in oil might follow. Throw in a Biden win- that would certainly help. Fingers crossed. GLA

[m5] 23/10/2020 10:11

ranald16 Oct '20 - 10:12 - 20654 of 20783 Jut popped in. What a post that was. Some people cannot just move on can they? I can only assume they are bored or feel unloved as they are always looking for praise for calling it "right" Yawn. I have lost here and accepted it. I still hold, but moved on. I do however wish all existing shareholders and those buying at these levels all the very best and hope you make a mint. I will watch with interest, stranger things have happened.

[thanksamillion] 23/10/2020 10:01

Sit back, relax, enjoy the ride back to 5.

[dave999dave999] 23/10/2020 09:53

ah yes, back to normal, forgot i was 15 minutes behind you guys that pay for your data...

[dave999dave999] 23/10/2020 09:50

well whats caused this then, someone fallen for some overly enthusiastic posts on anther board or social media? Fridays are usually a miserable drift further red? my loss is a tiny tiny bit less so i can't complain. i'll save that for the plummet back down come mid afternoon

[mhin2] 23/10/2020 09:49

has the data gathering at lincoln turned up something positive?

[encarter] 23/10/2020 09:30

Bottomed now worth a punt imho.

[gah123] 23/10/2020 09:10

1 trade for the believers, update could be on the way.

[gah123] 23/10/2020 09:07

This is about to pop!! Looking very very strong.

[laptop15] 23/10/2020 09:03

Breakout coming

[laptop15] 23/10/2020 09:02

https://twitter.com/laptop1515/status/1319564312789323776?s=19

[thegreatgeraldo] 23/10/2020 08:58

bearnecessities33 23 Oct '20 - 09:48 - 20772 of 20772 0 1 0 thegreatgeraldo, you are of course entitled to your opinion but at least I am not obsessed like you on providing constant unsubstantiated lies ...Oh dear. "constant unsubstantiated lies "..... You can substantiate that ? By posting a few? Why not start with one.......