Hurricane Energy Share Discussion Threads

[gengh15] 16/11/2017 09:00

Bloodhound
"Hurricane has had three chairmen in less than two years, two finance directors in four years and in June 2014 another director, Keith Kirby, resigned."

yes, I read that, and it's a very selective piece of observation. I could equally say;

"HUR has had the same founding CEO for 12 years, and the current FD recently replaced the long serving FD on his retirement. The 2 other non execs have been on the board for almost 5 years, as has COO Neil Platt. The Bod has recently been strengthened by the appointment of Roy Kelly (and alternates) from Kerogen Capital"

Does that sound better?

[laserdisc] 16/11/2017 08:27

Short Selling Data
Short Interest
2,068,854 (1.29%)
Oct 31, 2017
anyone confirm higher than this

[zztop] 15/11/2017 23:48

Kirk you did call it wellI'll buy mid 20sCannot see it lowerBut who knows?

[kirk 6] 15/11/2017 23:42

Short to mid 20s

[value viper] 15/11/2017 20:41

is FSAwatcher Ali G ? genuinely don't understand a word of it really

[kaos3] 15/11/2017 20:16

role of private equity among shareholder structure (in a public Co) from a uranium farmer 17:00 min on

[fsawatcher] 15/11/2017 17:19

09/09/16 gap to close

24p will do it

or r they fakin it ?

AT bot seller not fakin it today

[twixy] 15/11/2017 17:04

Below are a couple of CA releases in recent months; whilst not evidence in itself, it suggests that Dr Arnott was CA's go to guy at HUR

CA chairman William Collins said: "Most of the fund’s activism takes place in private, but we are willing to make our concerns public when appropriate." He added that Crystal Amber seeks to “release.. hidden or trapped value”.

Mr Collins said that the response of management at companies the fund invests “has generally been encouraging”. Source: CA results press release 13th Sept


'The Fund is engaging with the Hurricane Board to improve the company’s governance and to release value'. Source: CA October shareholder letter

Anyway, a bit of interest whilst we wait for our non moving ship to be refurbed and moved on to better use.

[hiddendepths] 15/11/2017 15:48

Growing pains! It was a little exploration company not so long ago. Now it's a giant in the making with (probably) billions of barrels of recoverable oil. Needs different players at the top!

[bloodhound] 15/11/2017 15:31

Gengh15 - "If anybody is treating a company like his own train set, it's Richard Bernstein"

Not sure about that one at all Genh15. I think the growing list below says something about the way HUR is being run, RB aside:

"Hurricane has had three chairmen in less than two years, two finance directors in four years and in June 2014 another director, Keith Kirby, resigned."

BH

[greyingsurfer] 15/11/2017 14:17

Hi FDH One interesting observation over on the LSE discussion board...Interesting speculation, and an entirely plausible explanation of what we know - but does anyone on LSE back it up with anything that suggests it's more than speculation?Peter

[fardistanthills] 15/11/2017 13:38

A lot of recent discussion on here and elsewhere essentially suggesting that the board spat has been over RB wanting to avoid short/medium term share price stagnation, whereas RT has a somewhat longer timeframe in mind.

One interesting observation over on the LSE discussion board is that the Q3 presentation apparently indicated they were aiming for an appraisal FO in 2018 - reflected on the slides and in comments AS made to Bloomberg - whereas in the more recent Q4 slides they seem to be saying the plan is a FFD FO in 2019, which aligns with the recently reported drilling rig options for work early 2019.

The suggestion is that RT instigated this move to a longer term strategy whilst RA felt an initial 2018 appraisal FO provided a more certain monetisation route (and RB agreed with RA, as he would.) RA’s resignation then allegedly arose from the view that - as RB put it to the Times - RT was more concerned with completing his ‘train set’ - i.e. was not sufficiently oriented to shareholder’s more immediate interests. Which then led on to RA’s resignation, the announcement of the new Board Committee to look at governance, a premium listing, etc.

For now, the rest of the major shareholders and directors, not least Kerogen who are represented on the board, are seemingly behind RT. Given the amazing size of RT’s WoS ‘discoveryR17; and it’s potential as a UK strategic asset, it will be very interesting to see to what the new chairman has to say. Presumably he will be brought in to endorse what could be a very lucrative longer game plan.

BP’s Bob Dudley is clearly aware of Hurricane’s potential. The UK Oil and Gas Authority is clearly impressed too, witness their response to the Halifax out of round application. (How would they view any short term monetisation machinations, which led to a board upheaval that disrupted HUR’s technical progress? Exploitation of a resource this size is a major opportunity for UK tax revenues, energy security, balance of trade, etc.)

Surely there will be one or two oil industry heavy hitters who have noticed all this as well and would relish the opportunity to chair the board over the next couple of vital years. Someone supportive of thorough full field exploration and comprehensive development without being blown around by short term city slickers. Fascinating to see who they get!

[daniel levi bmd] 15/11/2017 12:40

FYI

UKOG, ANGUS Energy & the Liars Now Exposed In Full! Lenigas & Bell Sold ALL their Stock!

Dan
x

[alamaison5] 15/11/2017 12:37

Just bought another 2.5k. In HUR I trust.

[fatnacker] 15/11/2017 10:43

God I hope not twixy

[twixy] 15/11/2017 10:31

fatnacker - no, for strategy guidance.

[gary38] 15/11/2017 10:08

Paul have you got any positive discussions about Hurricane Energy instead of attacking me to support _ackers1.

[gary38] 15/11/2017 10:06

Paul you are wrong this board is for Hurricane Energy investors interested in positive discussions not for negitive deramping attacks to push their shorting leverage gambling betting.

[fatnacker] 15/11/2017 09:46

for a laugh obviously.

[paulpaolo] 15/11/2017 09:37

"this board is for Hurricane Energy investors" - no, it is for anyone interested in the share, don't be ridiculous.

[gary38] 15/11/2017 09:36

You could call itNACKERS DERAMPING GAMBLERS BOARD

[gary38] 15/11/2017 09:32

_ackers this is not the bookies where you loss your £5 dole money at the local bookies and you have no money to buy food and are forced to go to tbe food bank.Please food banks are for people who have no money to buy food because they have lost their job or their benefit has been stopped not for gamblers .Why dont you start a deramping board for benefit gamblers.