Hurricane Energy Share Discussion Threads

[davidblack] 31/8/2017 15:13

Twixy sorry I don't understand the concept of blue could you enlighten me?

[zztop] 31/8/2017 15:09

Maybe the worm has turned?

[twixy] 31/8/2017 14:26

Is that a touch of blue on the horizon; not seen that for days!

[greyingsurfer] 31/8/2017 14:14

And sadly never will again - RIP

[kirtonender9] 31/8/2017 10:41

The motley fool I presume. I havent been on that site for years.

[haideralifool] 31/8/2017 09:48

Your handle reminds me of Repobear on TMF - a shrewd investor who also liked charts IIRC.

[kirtonender9] 31/8/2017 09:19

HaiderBeg yr pardon???? What on earth do you mean?

[haideralifool] 31/8/2017 09:03

kirtonender, you're not repo (from TMF) are you?

[deanroberthunt] 31/8/2017 07:28

sell in May, buy Oct, Fo' sure....

[kirtonender9] 30/8/2017 23:58

The only instrument I am short currently is FX . Not HUR or any other stock. I use charts and anyone who does can see that HUR has been a poor investment since May with no indication that the good times are round the corner. This is a balanced view for anyone considering investing in HUR. If they think that Gary knows what he is talking about on charts they will find out the hard way. His charts - according to him - are bullish. That is ridiculous for the reasons I have posted previously.

[luckymouse] 30/8/2017 23:24

Dominating/flooding the message boards is another technique - why would anyone spend all day vigorously bashing unless they had a position?

[gisjob2] 30/8/2017 22:32

Kirtonender, it was quite a volatile share for people who have been here longer than 5 minutes but not now there are 2 billion shares in issue. It's all relative i guess.

Yes I first invested a while back at 15p based on news flow. Since then I've sold much higher when it was obvious a FO was not going to happen and a fund raising was pending and have now bought half back since the recent share issue. All traded on news flow or lack of expected news flow.

Not sure why news flow is a difficult concept to understand. We know a new CPR is due before the end of the year. We also know when production is due.

I originally invested for 3 exploratory drills that were subsequently a success, I'll let you into a secret - believe it or not the company told shareholders it was going to drill them before actually starting, so I knew the same as everyone else. Amazing isn't it !

Since the huge share issue this won't move as quickly as it did in either direction, unless there is news of a FO or offer. Some people are happy to give it some time though.

[kirtonender9] 30/8/2017 20:33

Ps you think HUR is a volatile share?

[gary38] 30/8/2017 20:25

Same old deramping no share daytrading £5 bet gamblers who can not even find the right board to post on as they should know this is the HUR long term investors board where as the other board is where they belong.

[kirtonender9] 30/8/2017 20:24

GisjobIf you have made more than 78% in this share then you have been invested a long time. But you must be the only person who is happy when the shares have fallen by 60% since May. You also stated you know when news is due. Once again you must be the only private investor who does know but as private investors are the last to know you must be an insider.

[gisjob2] 30/8/2017 19:39

Kirtonender, Not reading again are we.

Why do you persist with this. I SAID CHARTING HAS IT'S PLACE !. However chart performance is created by news and the reaction to news in the market, particularly with volatile shares like these. To solely mention charts and ignore dates when news will be issued is barmy ! you'll be behind the curve

Not sure why you need to presume about my investing at all but no you're wrong again, I didn't invest in the last 10 months, I answered a post about how everybody had lost on this share to point out that only applies IF you've invested in the last 10 months.

I'm very happy with my investment which gained me far more than 78% thank you very much and no charting involved ! But you can delude yourself as long as you wish ! Feel free to check my old posts to see when I invested here if you want to be that sad !

[kirtonender9] 30/8/2017 19:29

GisjobSo if you think a rise from 32p to 57p is insignificant then more the fool you. That is a 78% increase in share price. On fact the rise could have been far more had you decided to sell at the top of up channel at 70p.So I presume from yr comment that most investors in HUR have lost money in the past 10 months that includes you? Use the charts - they are relevant IN EVERY situation.

[gisjob2] 30/8/2017 18:54

Rackers,

It often happens that the price goes below the fund raising price, check out SXX, same thing happened there. Share issue price of 20p touched 17p and was below issue price for 3 or 4 months, now around 27.5p

It was the model to use for HUR. Exactly the same and a few months before. It's recovered a bit now although their development will take longer than HUR's EPS.

[rackers1] 30/8/2017 18:50

Gisjob I expect the share price to at least find support at the price raising. Not a chance. Price behaviour here is shocking.

[gisjob2] 30/8/2017 18:45

Kirtonender, do you not read the messages. I said charting has it's place.

What I went on to say is that with a share of this nature events overtake charting. Charting is by it's nature news driven and behind the curve.

The price only fell because of AS's fund raising and no FO. The chart shows these events, it doesn't control them.

The point I'm making is some on here talk charts without even mentioning events that will have an effect. Bizarre in the extreme.

I'm not denying charts can act as a signal, I'm saying if you understand the company and the potential news you don't have to wait for chart signals.

If you're interested in skimming a few pence here and there charts are the way. If you can hold for a little while and study events and know when news is due just park your money.

[davidblack] 30/8/2017 18:36

So did you trade it at 32p or 57p? Or is this Monday morning quarterbacking?

[kirtonender9] 30/8/2017 18:24

Gisjob You are wrong regarding charts. Anyone who uses charts and had monitored HUR would have bought 10 months ago at 32p and would have sold in mid-May at 57p when the uptrend broke. To say charts don't apply to HUR is absurb. Between May and July the shares were within a well established down channel. Insiders will know before private investors such as yrself if a farm in is about to happen and the charts will provide the clues.

[gisjob2] 30/8/2017 18:01

This share price is like most of it's sort, it's news driven !

It's fallen because of AS's pathetic small fund raising shenanigans, but more importantly the lack of a FO partner to invest prior to the EPS development. This left investors nervous of a large share issue at a vast discount (as per SXX), which subsequently happened.

Charting may have it's place but if suddenly a major farmed in or the new CPR massively increased the resource the chart would be irrelevant in the short term.
Not that I'm suggesting either of these will happen any time soon.

For anyone to suggest 12p etc because of the drop we've already had need to wake up to when news is likely, decide the effect the news is likely to have on the share price and decide whether it's worth holding or not.

Without Kerogens investment at around 10p this never would have reached the highs of around 70p. The chart certainly did not predict this. The news made it happen

[kirtonender9] 30/8/2017 17:12

SquireThe shares appeared to be forming a base after the well defined down channel which began in May. That base lasted 2 months. But the downtrend appears to have started again. Next support is around 24p which does indeed close the gap. Whether the shares find support at 24p area remains to be seen, and strong support should appear around 16/18p.