Hurricane Energy Share Discussion Threads

[hiddendepths] 14/11/2017 17:05

BP are not opportunistic. Mind you, if someone else is, BP are liable to enter the fray sharpish!

[gary38] 14/11/2017 16:58

_ackers you know this board is for Hurricane Energy investors not £5 bet deramping local bookie crowd who spend their dole money gambling instead of buying food.

[cyan] 14/11/2017 16:43

I like to hear what Malcy has to say although some are critical about purported PR relationships he may or may not have.
I have to say that the only time I have voiced criticism of Malcy is over his very optimistic commentary on HUR .I believe he over hyped. He has not properly highlighted the risks.
You can read into what Malcy has said about BP waiting for Hurricanes FB be proved there ARE fundamental risks.
These are, imo, geological including depletion rates.
It MAY all work put very well indeed.
The flip side is that initial flow rates are not sustained and the only remedy is expensive drilling in some of the toughest rocks around our shores.
Time will tell.

[rackers1] 14/11/2017 16:42

Listen to cyan GaryAnyone who refuses to listen and take note of the counter argument has everything coming to them they deserve.

[davidblack] 14/11/2017 16:35

BP looks to have the inside track given the background of the new chairman and that they were founder investors here plus just up the ridge.

[gary38] 14/11/2017 16:25

Cyan as Malcy has said they may be waiting for FB to be proved which will be Foil H119 ,so my investment here is long term beyond 2019+.

[kaos3] 14/11/2017 16:17

It is RB calling the shots, having his different assistant stuff.Small team. As far as I can read. But thank you DB for putting me wrong.

Most "items" that he buys he sells in 2 -3 years via TO is what I was reading about. But I am wrong again. I gathered that is his preffered modus operandi. But exceptions are usual.

The point remains - he needs a TO for an optimal shares block sale. The sooner the better. And not an oil insider. And not HUR inner circle anymore.

[gisjob2] 14/11/2017 16:05

What are you talking about chutes ! numpty

[cyan] 14/11/2017 15:43

That is the one big issue that has put me off from investing Gary; BP have been at the 'door'; they did look over the data in fine detail but then walked away.
I have a rather simplistic view that BP's experts know infinitely more than I do; so, if they have doubts, shouldn't I?

[gary38] 14/11/2017 15:29

I dont think any other company will beat BP investment to the door of Hurricane Energy in what ever package that is.

[kirk 6] 14/11/2017 15:13

Close short mid 20s

[davidblack] 14/11/2017 15:03

RB is not a one man band I met about five of them! As to him being here for the short run take a look at Eurovestech, his time frames are much longer.

[kaos3] 14/11/2017 14:27

RB is almost one man band - so he is not that "active" as he simply can not be. also connected but with not enough time for dining.

he holds for on awarege 2 years and sells on. due to his large holdings to the industrial buyer usually - selling into the market is TO premium gone + selling into depressed market.

a brand name, industry player, market share - so big cats must take the offer. not at hur. he is too small and not an industry insider.

lesson learned at HUR. as he needs cash too, he sells some shares but not most into the market. he must be looking for a quick and profitable sale of HUR specially as he is not in the inner HUR circle anymore. Kerogen is. Luckily he has only 8 %. He might sell his stake after a year or so in a one block to an industry player. his best option I guess

all imho

[kaos3] 14/11/2017 14:17

Dt T and CA are not on the same wavelenght - who has the knowledge and IP rights if dr T walks at some point?

Apple steve Jobs etc

[davidblack] 14/11/2017 13:53

Peter you could be right, but my guess is too wants a lot more.

Especially after getting taken on the 51p warrants.

I think he has something to prove here at 80p is not enough.

[gary38] 14/11/2017 12:54

The LGC will be chaired by John van der Welle (Independent Non-Executive Director) and Evercore Partners has been appointed to provide independent advice to the committee.

[gary38] 14/11/2017 12:46

Evercore PartnersRecent activitiesTo date, the firm has advised on more than $2 trillion of merger, acquisition, recapitalization, and restructuring transactions. Recent M&A assignments include advising Whole Foods on its $14 billion pending sale to Amazon; DuPont on its $68 billion merger of equals with The Dow Chemical Company; Tesla on its $2 billion acquisition of SolarCity; Abbott Laboratories on its $31 billion acquisition of St. Jude Medical; and Coach on its $2 billion acquisition of Kate Spade New York. The firm also offers investment management services to high net worth and institutional investors.In August 2014, Evercore announced the acquisition of International Strategy & Investment ("ISI") Group for $440 million.[5][6][7] The deal was closed the following October to create Evercore ISI Institutional Equities, offering Macro and Fundamental Research, Sales, and Trading execution. In 2014, the firm secured the second highest number of Institutional Investor #1 positions, after J.P. Morgan, and also ranked #5 in total II positions. [8]

[chutes01] 14/11/2017 12:19

At 20p it might be attractive to a bid
Remove the trash management

[greyingsurfer] 14/11/2017 12:15

My only fear is a cheap bid at 80p from a sneaky mid cap oiler.

I would think that was exactly the sort of deal RB would have been looking for - a quick sale(or large farm in) and a quick return.

Peter

[davidblack] 14/11/2017 12:11

The upside is with this “Noise” the full list admissions team will insist on proper governance controls. It’s one thing having a scandal coming from a former FSU company it’s quite another and much higher bar for people coming from Godalming!

[jacks13] 14/11/2017 12:08

I agree DB. Looking at the makeup of the Listing and Governance Committee, Bernsteins prospects of getting his way do not look too good. The fact that Kerogen have nominated one of the Alternate Directors, Tao, rather than Kelly seems to suggest it is not a matter that greatly exercises Kerogen. I might be doing Tao a disservice of course.

[anley] 14/11/2017 11:57

Its going to be someone who knows how to package the business and extraxt a good sale price.

Its the only way the big boys can get out within the next 12+ months.

[davidblack] 14/11/2017 11:52

On the chairman what I would like to see is an oil man not someone from a financial background. That is a piece of the jigsaw that the executive team are sadly lacking.
Trice can find it, Stobie can count the cash but having someone with a history of successfully taking out of the ground is missing.

On the governance stuff that is easy, just reduce the executives participation in committees. At present the Givernance commmittee is 50% made up of Stobie and his liutenant the Conpany secretary. That is simply inappropriate anywhere!