Hurricane Energy Share Discussion Threads

[bountyhunter] 22/11/2018 13:04

"Taking to the podium, Dr. Robert Trice, a lifelong rock obsessive who’s also CEO of independent oil company Hurricane Energy, adjusts his glasses and shakes his mop of pale hair. Then he explains his billion-dollar idea..."

[liverpool01] 22/11/2018 11:38

David what are you basing the £2 a share on ?

[davidblack] 22/11/2018 11:17

Sadly if a bid happpens in 2019 I doubt I will see my hoped for £5! More like £2 unless there is a real bidding war.

CA’s departure now before any takeover bid whilst painful may be a blessing in disguse.

Come a bid opportunity we don’t want “Soft” institutions holding sizeable positions.

[xxnjr1] 22/11/2018 10:43

Good article, here's a working link

[wessexmario] 22/11/2018 10:41

Re the hookup window, they can easily get a reasonably accurate 5 to 6 day weather and wave forecast (as below), so as it's less than 3 days to sail from Rotterdam to the field, they have the choice of either staying in Rotterdam port/anchorage until there's a good window a few days hence, or sail up to Lerwick to anchor in shelter there until there is an opportunity.



One advantage of staying in/near Rotterdam, is if they're continuing to test and commission stuff on board, then if they need spares or repairs they're in an optimum place, and the crew can get more rest before they have to get stuck in for the winter.

[tournesol] 22/11/2018 10:29

Hi Steve73

...the shipwatcher-watchers, aka, HUR management know that we shipwatchers are keeping a close eye on progress…

So people who watch the management must be shipwatcher-watcher-watchers?

[tournesol] 22/11/2018 10:24

Wiseacre

Thanks for finding that Bloomberg article.

The original is at
www.bloomberg.com/news/articles/2018-11-22/is-a-shale-sized-oil-boom-hiding-in-britain-s-atlantic-bedrock

Might I respectfully suggest that in future you just post links to stuff on other websites rather than cut and paste the entire text.

For one thing it's much easier to read on the original website where the layout and format is better.

For another thing, you are possibly breaching copyright and there is a chance your post will get deleted by ADVFN. I've had that happen to me before now.

All that being said, the article is well worth reading. It underlines the received wisdom of the industry regarding the perceived risks. That's why the share price is relatively subdued. If the ESP achieves success there will be a significant revaluation and we will all be the beneficiaries. If not, not.

T

[fatnacker] 22/11/2018 10:01

will the transit time to Lerwick be slower with the protective plates removed?

[gary38] 22/11/2018 09:56

Thanks ,great read.

[zztop] 22/11/2018 09:50

Will it workTrice says yes 100%He's the man

[xxnjr1] 22/11/2018 09:41

Hook up is all down to the weather. If 6 to 12 hrs of 2m wave height really is the max sea state for that operation then AM could be waiting on weather for weeks. It really needs a huge anticyclone off Scandinavia/WOS/Iceland area, as is forecast to occur this weekend/early next week to gift a weather window. Doesn't seem to happen very often at this time of year - but maybe this year will be different! Fingers crossed.

[the guardian] 22/11/2018 09:41

I have no sympathy for shorters whatsoever. Burn you barstewards.

[lfdkmp] 22/11/2018 09:33

When momentum shifts it almost becomes self-fulfilling - particularly worrying if you are short and facing open ended losses.

[hiddendepths] 22/11/2018 09:33

Thanks a million, Thanksamillion!

Great story. The one underneath is well worth a read too - looks like an excellent summary of prospects for the Permian over the next couple of years. Be afraid, be very afraid!

[taudelta1] 22/11/2018 09:26

Yes, interesting chart now ... the move up to 60+ and back down to 40 over past few months seems driven almost entirely by spot Brent ... interestingly though, Brent two year forward (Jan 21 now) has been around 63 the whole time .. this is the relevant price, not current spot, and its level is pretty useful relative to lifting cost ... food for thought in judging the value in the share price .. only significant risk now seems to be actual sustained flow of five-figure b/d in 1H19 ... cheers to all ...

[kirtonender9] 22/11/2018 09:22

Yesterday HUR hit the 2.5 year uptrend, which was also the 61.8% Fibonacci level. Momentum Indicators were showing positive divergence at low levels.The shares rallied resulting in bullish engulfing pattern and recent downtrend from the highs was also broken.If I had spare cash I would be adding to my holding.Chart is on twitter. Search #HUR

[thanksamillion] 22/11/2018 09:20

Fractured basment news goes mainstream, wow.

[greyingsurfer] 22/11/2018 09:17

So (barring problems) we expect to be all hooked up early December.

I thought the latest company guidance was "by Christmas" for hook up, doesn't rule out early Dec, but seems unlikely, and company guidance has generally been pretty good on timings.

More uncertainty here, of course, as they need a weather window - so a stormy Dec could well mean Xmas dinner for the AM in Lerwick, and hook up later.

Peter

[the guardian] 22/11/2018 09:04

Great to see us bucking the downward trend. Long may it continue.