Hurricane Energy Share Discussion Threads

[bocase] 21/6/2018 16:08

The consensus with OPEC is for about 600K bpd increase in output. That is probably factored in. Any less should see the price of oil rise and vice versa. We will know sometime tomorrow.

[francis55] 21/6/2018 13:49

What's the buzz with OPEC?

[mad foetus] 21/6/2018 13:37

Well, it's had a 50% rise, on the back of a previous 50% rise, but I take the point. Definitely has declining volume though, and contracting volatility.

[homebrewruss] 21/6/2018 12:45

Mad are you sure it's a high tight flag, I thought a 90% rise in the prior 2 months was required?

Anyway, nice bowl on the chart and hopefully the price should move a lot higher as new flows in and we approach foil

[mad foetus] 21/6/2018 12:38

Yes, bad timing from me there!

[telbap] 21/6/2018 12:19

So yesterday's rise gone....

[bocase] 21/6/2018 08:38

Mad Foetus:

I think you are right but a lot depends on the outcome of the OPEC meeting. The share price is heavily geared to the oil price going forward. The share price will inevitably rise as we get closer to first oil but a strong oil price will be the icing on the cake.

Welcome aboard by the way.

[mad foetus] 21/6/2018 08:12

I've bought in, having watched for ages. 48p looks like resistance but this also looks like a high tight flag, and when 48p goes the next move will be significant imo

[the guardian] 21/6/2018 07:53

Quite understandable to think that when the share price rose so quickly towards the end of the trading day. I don't think we will have long to wait.

[chopsy] 21/6/2018 07:47

Sorry bout the no RNS. I mustn't get too excited.

[altom] 20/6/2018 21:14

Chopsy. You are quite right long term.
If FOIL comes in Nov/Dec the share price on 01/01/19 will be a lot higher than it is now.
However if in Dec. HUR announce that there are problems and delays but they hope to have FOIL in H219, then that is a horse of a very different colour !

[laserdisc] 20/6/2018 21:01

The guardian / all shipwatchers I am expecting further vessel to be involved soon, as early as next week, for the buoy and heading control. Buoy will not be staying at Lerwick that long, we have got good weather coming and all involved will wish to take advantage, every possibility that we have a ship watching week-end approaching !

[chopsy] 20/6/2018 19:20

I think HUR valuation has nothing to do with EPS cash flow over the next 6-10 years. It is to do with booked reserves and the price of 2P in the ground. The earlier FOIL means earlier CPR migrating 2C to 2P, earlier proof of concept (6 months of production without significant pressure loss or water) and earlier bid or farmout. Of course I am prepared to be patient, but on the other hand I want it all now!
The cash flow will accelerate further drilling, but that is all.

[the guardian] 20/6/2018 19:09

laserdisc20 Jun '18 - 15:50 - 30257 of 30267
normond installer now on its way to Lancaster field will arrive 11pm this evg

So could it be that the normond installer is going to raise the anchor chains so that they are ready to be attached to the buoy once it is floated out to site or am I being over optimistic?

[rayrac] 20/6/2018 18:50

football20 Jun '18 - 15:21 - 30256 of 30266 (Filtered)

[bloodhound] 20/6/2018 17:58

Laser the 8.2M trade looks like an amendment to the 8M trade.

BH

[laserdisc] 20/6/2018 17:31

another trade now showing
15:52:02
46.40
8,000,000
3.712M


suppose its to match
15:52:18 20-Jun-2018 46.40 GBX 8,209,746 3,809,322.14
Off-book SINT AMND LRGS

[gibso6767] 20/6/2018 17:12

Strap on , part of the reason behind Hurricanes low shareprice is the fact although it’s been proven for decades all over the world it hasn’t in uk Water with our bespoke EPS , a few months early and under budget should been noted by the market

[fireplace22] 20/6/2018 16:58

We need an early EPS to fund further drilling it's vital in that respect. We need to get drilling in the 2019 window so in that respect ahead of schedule does mean more oil.

[puffintickler] 20/6/2018 16:54

In terms of cashflow you are right stepone68, however "ahead of schedule" also means progress has been made without incident so the downside risk has been reduced.

[bloodhound] 20/6/2018 16:38

15:52:18 20-Jun-2018 46.40 GBX 8,209,746 3,809,322.14
Off-book SINT AMND LRGS

BH

[chopsy] 20/6/2018 16:32

Strong performance after 15h30 indicates an RNS has been logged. Who knows what it contains, but we can hope for operational update tomoz, rather than just e.g. someone's holdings. How soon is it going to become clear that we are AHEAD of schedule?

[laserdisc] 20/6/2018 16:30

big trade earlier 8.2m @15:52pm