Hurricane Energy Share Discussion Threads

[davidblack] 26/9/2017 16:47

UT trade 0.5m at 31.50p, clearly a lot of soft holders cleared out today. 25m traded at 4.30pm

[davidblack] 26/9/2017 16:44

Hey Jack that's fine, a couple of years for a ten bagger seems a fair trade?

[nicebut] 26/9/2017 16:00

Nice rise.

No-one is going do a TO, not until they know it flows for more than a couple of days, IMO. Some ii just bought a few, that all- (on the back of the last RNS and the recent PoO rise perhaps)

[davidblack] 26/9/2017 15:53

Or £3?

[jackthecat] 26/9/2017 15:49

so does this latest RNS mean this dog share might get put out of its misery and taken over.I would take 70p all day long.

32p, i ask you. Idiots.

[davidblack] 26/9/2017 15:37

Scooby I think what big oil is really offloading is potential liabilities on the pipelines east of Aberdeen.

Forget about the oil issues and think about risk, selling those tail liabilities that might come back to bite you is very big oil company. I see big oil selling up in the old North Sea as them freeing up management, capital and reducing contingent liabilities to focus on future oil provinces. Whether WOS actually becomes one of those provinces is substantially down to the Lancaster FPSO.

[davidblack] 26/9/2017 15:32

I can see your point there but that index is a little to some of us sat in GMT plus 3 here in Chile.

I will work up to that later in the day. My preference being to follow the local Carmenera or Pinot indexes.

[scoobydoo99] 26/9/2017 15:29

DavidBlack - an FPSO for 3 months, really? You might have noticed that big oil are abandoning ship in UKCS infrastructure - even then, infrastructure to where? SVT under Enquest operation with declining E shetland production won't be cheap.
If BP can make schiehallion work using an fpso for the next 25 years this'll be hurricanes best bet. There's a pretty active pool of offloading tankers working the area now.

[thegreatgeraldo] 26/9/2017 15:29

hiddendepths - Hilarious, the only things keeping the UK economy going at the mo are money printing, very slack monetary policy, very slack fiscal policy & immigration. Of course, we had a sterling crisis last year in the brexit aftermath. Naturally, those of a tory bent will point out that the growth without productivity gains we've seen in most of the last 7 years is due to some brilliant tory handling of the economy ;-#)))

[terry hardacre] 26/9/2017 15:20

David - coffee is not an index I track; I stick to the more volatile ASX (Alcoholic Stock Exchange). Great for trading and getting into fights.

[hiddendepths] 26/9/2017 15:19

If we get stagflation from a Labour government you'll be doing well to get a cup of coffee for £6 from Costa. Actually, stagflation would be a relatively benign result - high inflation and a severe recession amid a sterling crisis would be more likely. I'm such an optimist!

[davidblack] 26/9/2017 15:10

Lime cordial sounds a decent downside against bitter by my reckoning.

I was hoping for £3 a share which would buy me a cup of coffee at Costa. Is that too much to ask for three years hence?

[nw99] 26/9/2017 15:10

Buy any dips

[terry hardacre] 26/9/2017 14:45

1solon - you might want to delta hedge your order from the bar; I can offer you a can of Tesco Bitter guaranteed now, or you can go long and hold out for a bottle of Chambertin but risk winding up with a half of lime cordial.

[davidblack] 26/9/2017 14:01

An interesting idea. For me I expect the FPSO to produce for three months and then a big JV with a major.

For me Shell or BP would benefit from control of the pipeline infrastructure as a way to get a slice of other WOS plays that look juicy and require access to those pipelines.

Just my view of course but it would probably sit well with both the Scottish and Uk Governments if a UK major had control of that key pipeline infrastructure.

As for Hurricane it could then actively look to turn 1bn into 10bn if the drill is kind.

Oh and much less attractive JV terms on GWA etc should keep the upside leverage in place for Hurricane.

[twigs3] 26/9/2017 13:36

On BBC news

[mrwaite] 26/9/2017 13:22

DB, think the big question is whether we still have a share of FFD.

[hiddendepths] 26/9/2017 12:50

Impossible to say, DB. Depends on so many things....

[davidblack] 26/9/2017 12:44

Happy with a $20 a barrel profit before taxes at $32 all in cost.

My guess is those costs go down quite sharply though on full field development? I am assuming say two thirds of the FPSO costs which adds another $4 to the bottom line with another $3 saved which is the charge for the AZ operator.

Does that sound about right any oilies watching?

[1solon] 26/9/2017 12:44

A good week here could see Terry back at the bar on Friday getting the drinks in.

[gisjob2] 26/9/2017 12:16

greysurfer, yes $32 includes capex & opex

[jacks13] 26/9/2017 12:09

Rayrac, I think all that AS would be saying is that once the EPS is producing at 17000bbld the cash inflow from those sales would match the cash operating costs (i.e. maintenance capex and working capital). No surplus cash and no cash loss. Treading water in cashflow terms, in other words. But at least they wouldn't have to be raising cash to subsidise the EPS. It sounds reassuring but imagine where the share price would be if that ever came about.
For the company to take off and prosper they need the oil price to stay above $40, they've said this on a number of occasions.

[greyingsurfer] 26/9/2017 12:02

$20bbl is based on opex alone. The higher figure presumably includes capex

[laserdisc] 26/9/2017 12:01

18m traded so far