Hurricane Energy Share Discussion Threads

[kaos3] 27/11/2017 06:29

double - rant over

[kaos3] 27/11/2017 05:59

In Silicon valley at what premius are each next round investing? in 10, 20 ,30 %.

After tech developed and patent filed. Only commercialisation needed.

Or 2 times, 3 times?

What is high enough incentive to keep wheels moving?

What is fair reward for the early investors?

[kaos3] 27/11/2017 05:52

It depend when one has entered and at what price. And risks involved at the time one has entered.

Like buying ritcoin bellow 1 USD and then rewarding oneself with a pizza and selling BTC for 10 USD.

And the other one who bought BTC at 9 USD shouting how stupid that is.

It depends is what I am saying. Butat BTC there is no inflation. At HUR there was huge inflation at the cost of the initial investors. And at the moment earlier investors and the last ones are equal.

[katiegos] 27/11/2017 05:32

does the activist investor want us to sell the crown jewels at the earliest
possible time as long as he gets a quick return? not sure about that

dont they normally invest for long periods and expect serious returns.

[jimarilo] 26/11/2017 22:14

This is a clip from CA's website, describing their strategy, which may not be aligned with Doctor T's

"For all portfolio holdings, the Fund strives to develop an activist angle and aims to contribute to the companies' strategy. Where value is hidden or trapped, the Fund looks for ways to release it. The activist approach in some cases requires long holding periods, which facilitate effective engagement.

Most of the Fund's activism takes place in private, but we are willing to make our concerns public when appropriate. The response of management and boards to our suggestions has generally been encouraging. We remain determined to ensure that our investments deliver their full potential for all shareholders, and are committed to engage to the degree required to achieve this"

[kaos3] 26/11/2017 19:34

prefab - would you invest as an early investor, taking all the risks and then after all most risks dissapear after long years of waiting and strugling and then

observing others taking major part of the project for cca 50 % premium only, knowing very well that there are billinons of oil discovered because of you and only you??

and even being pushed from the table etc

I would not

[prefab] 26/11/2017 19:11

None of us were privvy to any agreements or promises that may have been made prior to CA investing and bringing Kerogen to the table for the 2016/2017 drilling campaign. Perhaps that funding was dependant on some form of early monetization should the opportunity arise and Bernstein feels that the BOD has reneged on this. Kerogen seem unconcerned and considering the size of their investment that provides some comfort. He does seem to be hinting that there was a potential offer of some sort on the table though.

[davidblack] 26/11/2017 18:06

Peter was that due diligence based on Trice’s wish to maintain his control over the direction of the project or creating shareholder value.

The resignation of the chairman recently would suggest that there are major problems in that area.

[gibso6767] 26/11/2017 17:01

Cheers Peter you’ve posted what I believe and attempted to intimate

[greyingsurfer] 26/11/2017 16:53

So re most recent funding , assuming our CFO , CEO did there Due Diligence does this mean that the funding at 32p was the best that was available rather than FO or JV ?

I think you can be fairly sure they did due diligence and they considered taking equity funding at 32p the likely best long term outcome, given what may have been on offer for FO/TO - taking FOIL plus long enough to prove the EPS as your timescale. That's a timescale that I'm very happy with, but may well not be what RB would have wanted.

Peter

[gary38] 26/11/2017 13:05

Dr T has checkmated tbem all as he has the money to FOIL which will bring in the big buck players and do the the deal of the century and they all know it .Brilliant chess player well done The Doc.

[fireplace22] 26/11/2017 12:31

We have 40% new shareholders in at 32p and a lot more in at lower prices since. I'd imagine a quick turn of 100-150% would satisfy them and maybe RB but certainly not Kerogen. Continual erosion of the share price probably means a lower initial offer, maybe that's RB's aim - but an offer nevertheless. If the majors risk aversion continues then someone will get it cheap, regardless of the potential.

[jacks13] 26/11/2017 12:14

But are they committed to a full listing? In any case they may not qualify. Also if they are required to put in place a new Board structure and perhaps some additional governance procedures this again might introduce delay and all the time the course plotted towards the EPS becomes more firmly committed.

It is difficult to imagine a rival party acquiring 50% plus of the equity in order to take a controlling interest. If it is Bernstein's plan to trash the share price to enable a hoovering up of cheap shares it seems a highly irresponsible one. Corporate wheeling and dealing is surely more sophisticated than that. Isn't it?

[gary38] 26/11/2017 10:16

First oil will see the share price between £1 to £2 rising steading to £5 to £10 which the big players know . So from now till then there is going to be a fight for those spoils.On to get exciting to watch that fight unfold.

[fireplace22] 26/11/2017 09:38

RB's reputation is as an activist investor and slagging off his major investment to see it's price fall has in my view has an ulterior motive, far bigger than instigating a few board changes.

[fatnacker] 26/11/2017 09:31

RB, personification of a stalking horse.

[jacks13] 26/11/2017 09:30

'Bernstein, 54, insists with a ready smile that he does not pursue the type of aggressive activist campaigns favoured by US funds,...' The Telegraph



Maybe not, but that doesn't mean he doesn't agitate and disrupt in order to get his way. Conclusion? Bernstein is doing what Bernstein does.

[greyingsurfer] 26/11/2017 09:30

RB's derogatory tweets the share price has fallen by about 15% in a period of rising oil and close to the cpr publication. I'm just trying to find motivation for his behaviour and I think its far more than dummy slinging.

At the risk of repeating myself, again, I think you have to look at RB's position. His fund's share price has been hit because he went massively overweight for a fund into one share, HUR, which has not performed as he no doubt hoped/expected. You could reasonably argue that the main responsibility for the recent falls in CA's share price is down to his misjudgements about the short term investment case for HUR, and his overconfidence in his own judgement that led him to take out far too large a position. He now has to justify his position to his investors, and from where he's standing it's clearly far better to try to blame HUR's management than to admit to his own failings.

Behind all that there are clearly growing issues for the company and the BoD - it's a different company now to what it was, and looks quite possibly to be very different again post EPS (unless they sell up). It's quite right that the composition of the BoD needs looking at, and they've already set in motion steps to do that. I'm happy to let their committee come to it's own decisions on where to go in terms of the BoD from here before I make judgments. And I'm quite sure that if RB has any useful suggestions to make to them (not via twitter) they will be considered.

Peter

[gibso6767] 26/11/2017 09:10

FP good reply , perhaps putting rose tinted glasses on its shaken out a few holders , Friday had a few out of hours large trades .

Well primarily I invested before the recent funding and before the EPS plan was first made known , I’ve invested in a small oil firm with no debt as such and owns 100% Of Reservoirs That May hold Billions of Barrels Of easily produced moveable at a low price oil in a political safe area where Nearby in the North Sea Production is both costly and dwindling.

[fireplace22] 26/11/2017 08:39

gibso, since the Chairman's sacking and RB's derogatory tweets the share price has fallen by about 15% in a period of rising oil and close to the cpr publication. I'm just trying to find motivation for his behaviour and I think its far more than dummy slinging.