Hurricane Energy Share Discussion Threads

[rayrac] 23/11/2018 23:23

Nope, not likely. :)

[korvet] 23/11/2018 23:16

Got a positive mention in the Fool https://www.fool.co.uk/investing/2018/11/23/thinking-of-buying-the-hurricane-energy-share-price-after-33-decline-read-this-first/

[backinblack80] 23/11/2018 22:44

Hyper AL, are you invested in HUR?

[gibso6767] 23/11/2018 22:40

That’s RBDs part ownership

[steelwatch] 23/11/2018 22:30

xxnjr1 - watch out for a rig in the bay, hopefully Jan/Feb. Do you live in Studland?

[xxnjr1] 23/11/2018 22:16

Luckily I live above an oil field called Wytch Farm. In the event my local filling station runs out, all I need to do is sink a bore hole, install a topping unit/mobile refinery, and agree a unitisation with Perenco!

Edit: Even better would be tapping into a line, like they do in the Niger Delta.

[xxnjr1] 23/11/2018 22:09

No probs, Hyper Al. VAG (Volks-Audi) build quality can be patchy occasionally. Your Japanese built Leaf will be bullet proof. Not necessarily because it's electric, although that helps a lot as less moving parts, but because it was built in Japan, with, in the case of the Leaf, a high content of Japanese sourced components. Tesla seem to be having some quality issues, with freezing screens, and suspension failures since adaptive ride became standard (source: Consumer Reports). Apologies everyone for going so extensively off topic!

[hyper al] 23/11/2018 22:03

If your petrol station runs out of petrol, you will be doing less miles than if you had an EV. Remember almost all petrol is imported into the UK!

Renewables are not imported!

[hyper al] 23/11/2018 21:59

xxnjr1

Anywhere on demand at any cost? You can go anywhere in a kona with a 300 mile range, you just need a 30 minute charge and a coffee every 300 miles, that should not be difficult!

[xxnjr1] 23/11/2018 21:55

I wont be buying a Kona. I need something that will take me anywhere on demand. Next car will probably be a hybrid, even though our wonderful political classes are considering, or were considering, banning sale of hybrids from about 2030/40!

[bountyhunter] 23/11/2018 21:49

HA timescales may not be too long to save the human race, just longer than anticipated imo such that demand for O&G is not going away anytime very soon.

[hyper al] 23/11/2018 21:46

xxnjr1

My last post hit before you last post, sorry about that.

Also a lot less hassle in terms of maintenance on EV's, I dumped my 2nd car, a Skoda Octavia, after spending £500 on a timinging belt change and new alternator. Stupid heap of rubbish, won't buy an ICE car again!

[hyper al] 23/11/2018 21:42

But if you want to waste your money go ahead. EV's are a good investment! Depreciation on my Nisaan leaf from £8k three years ago (23k miles at purchase) has only been £850 per year. Resale around £5.5k. The srap value of the battery alone is over £2k, so that's should the lowest price the car will ever reach, although Lithium prices will come down at some point.

[xxnjr1] 23/11/2018 21:17

The issue with electric cars is current battery technology - that is the time to charge the battery, and the energy density of the battery itself, which results in limited range, leading to so called "range anxiety". OK things are a lot better with the Tesla Model S 90D, the version that does 0-60MPH in 2.8s, but that version costs the best part of £90K. Range of Model S is about 300 miles on a full charge? It's an expensive car - so they can put more batteries in and still make a profit. The Nissan Leaf is nice, but range is what? 90 to 100 miles? Plus, if the batteries are Lithium-Ion their capacity to hold charge deteriorates with use, meaning range and performance suffer. They are a good car for shorter commutes. But what happens if you would like to go on a round trip of 300 miles? That may explain why every Nissan dealership has stacks of used low mileage Leafs for sale for £10K, or less, which represents pretty drastic one, or two year residual valuations. There's a limited market for something that has limited range. Tesla Model S was a game changer from Silicon Valley. Now European Luxury Brands are finally releasing some pretty decent, super expensive Tesla killers. Getting back to my original point, as far as the mass car market is concerned, the real game changer will be the arrival of Solid State Batteries in early 2020's. SSB's with have higher energy density (longer range) and faster charging times, as well as being more stable in a crash situation. Me? I've just cycled about 85Kms today around trails, muddy farm tracks, across fields, through woods and rivers, up and down valleys. No Co2, or particulates emitted but must admit to a bit of range anxiety, as to whether my 65yr old knees would hold out long enough to get home!

[rayrac] 23/11/2018 21:06

And Durex? Non-latex of course.

[bountyhunter] 23/11/2018 20:56

Hyper Al I don't disagree with much of what you say but just believe that the timescales are far longer than many suggest. Also looking for a decent return on Hurricane assuming all continues to go according to plan to first oil!

[fatnacker] 23/11/2018 20:41

Indeed buywell, I was thinking a 38% fibranacci retracement of 60p was circa 40p.

[puffet] 23/11/2018 20:22

Latest:
Anchored off Holland DP Trials now before berthing 29th.
Will be in Rotterdam for at least 2 weeks.

[gary38] 23/11/2018 19:56

Every drop of ( Hurricane Energy) oil will be needed for the foreseeable future as renewables are failing to provide the worlds energy needs.

[francis55] 23/11/2018 19:54

Its a pipe dream as car manufacturers are scaled for decades on fossil cars via manufacturing processes and investments. It's all PR...

[gary38] 23/11/2018 19:50

https://developmenteducation.ie/feature/the-energy-debate-renewable-energy-cannot-replace-fossil-fuels/

[the guardian] 23/11/2018 19:46

My daughter works for a company which incentivised its employees to go electric by putting expensive 4x4 hybrid cars on the company car scheme at prices which were cheaper than diesels and petrol cars.

The incentive worked and almost everyone went for the hybrids. However, after a year, it became apparent that the diesel fuel bills had actually risen because very few people had bothered to charge their vehicles overnight and the hybrids gave less mpg than a straight forward petrol / diesel car.

[buywell3] 23/11/2018 19:33

fatnacker

60p recent peak ... 30p is average of these FIB levels

Fibonacci Retracements are ratios used to identify potential reversal levels. These ratios are found in the Fibonacci sequence. The most popular Fibonacci Retracements are 61.8% and 38.2%. Note that 38.2% is often rounded to 38% and 61.8 is rounded to 62%.