Hurricane Energy Share Discussion Threads

[the guardian] 25/11/2018 15:58

bocase, I was watching a video on Youtube about Trump supporters and my favourite was a guy who was asked why he voted for Trump.

Answer: "Because I think that Obama was a disgrace. During 9/11, he just sat in the Whitehouse and did nothing." Really?

I have been to the USA about 19 times. Their poor education and lack of global awareness is astounding. On one memorable occasion, my wife and I popped into a Publix market store for two fresh sandwiches. It took over half an hour for the guy behind the counter to make the sandwiches whilst following a book containing the complex instructions.

I think that Trump is weakening America. World leaders are getting sick of his bullying and lack of common sense. Hopefully he will be impeached before too long.

[gary38] 25/11/2018 15:19

AM will arrive at Terminal: Damen Verolme Botlek 2e Werkh tomorrow.Jetty: Quay 6 Portnumber: 4550 (E)TA Estimate: 26-NOV-2018 16:00 (E)TD Estimate: 12-DEC-2018 12:00 

[bocase] 25/11/2018 13:24

"But they've got Trump! He is singlehandedly ruining the world! Aaargh."

...and HUR share price!

[hiddendepths] 25/11/2018 12:49

Thanks xx - I hadn't seen that! Useful.

buywell - The data for 2017 showed that Middle Distillates as a whole made up around 36% of oil consumption. Of this, around 9% is jet fuel, leaving 27% for heating oil and diesel combined. Diesel is not the favoured fuel of choice in most countries - indeed, it's only really Europe where, thanks to EU legislation, it has a big market share. In the US, which is the biggest market in the world by miles, petrol consumption is around 9.5 million barrels a day compared with 4 million barrels a day for diesel. In much of the developing world, most middle distillate demand is used for heating. Note that heating oil and diesel are pretty much identical.

I stand by my estimate of 15% globally for diesel consumption. FYI I was a refinery planner for BP many years ago and know what I'm talking about! You clearly don't.

FWIW for everyone interested in green issues I would point out that the US demand for petrol, "gasoline," makes up about 10% of the entire world's oil demand. And total US demand for all oil products comprises 20% of the world's consumption. And they have only 4% of the global population!

It's very easy to think that the things we do in the UK to trim our consumption will have an effect. But the US is world's wastrel, the biggest pollutor, the biggest contributor to CO2 and other emissions and by a country mile. If they don't get their act together pdq, the world's going to have a major problem inside a decade or two. At least China, which was also punching a long way above its weight when it came to generating pollution, has had a major shift in attitude and its cleaning up its act quickly. US - look and learn! And be ashamed!

But they've got Trump! He is singlehandedly ruining the world! Aaargh.

[bocase] 25/11/2018 12:23

Article in the Observer re. oil prices.



"The price is expected to average $75.50 a barrel in 2019 compared with $73.91 this year, according to a survey of 11 oil forecasters by S&P Global Platts."


That would still be a very positive level for the HUR share price.

[blueclyde] 25/11/2018 08:57

https://www.bbc.com/news/uk-scotland-north-east-orkney-shetland-46304346A good link to the news of the second phase of the Clair field coming online on Friday. The oil flows in a pipe from Clair to Shetland.

[gary38] 25/11/2018 08:34

2019 will be a game changer for Hurricane Energy and the West of Shetlands.'In the meantime, many observers are keeping an eye on AIM-listed Hurricane Energy's Lancaster Field, in West of Shetland, which is believed to have about 500m barrels of recoverable oil. The production ship Aoka Mizu is on its way to the field from Dubai, with hopes of the first oil during the first half of next year.With so many new entrants, experts believe there will now be a spell of consolidation. Analysts at Stifel mooted a daring idea in a note earlier this year: "We think a game-changing development would be a merger of the three largest UK international oil company portfolios to create the dominant operator in UK waters."Stifel dubbed the $20bn-$30bn super explorer "Britoil 2". It would be an exciting twist in the tale as the North Sea enters its sunset years. Whether Ratcliffe would welcome such a competitor is another question entirely.'

[fatnacker] 25/11/2018 07:40

buywell, you clearly struggle with math's and your understanding of fibranacci, with a base of 25p and a peak of 60p you've come up with 30p as being a 50% retracement, which is nonsensical, 50% would be 42.5p and your 61.8 would be 38.37p would it not?

[the patient investor] 25/11/2018 07:26

ayl 30
thx for posting the great article published in The Times today

it contains this bit at the end that mentions HUR

QUOTE
In the meantime, many observers are keeping an eye on AIM-listed Hurricane Energy’s Lancaster Field, in West of Shetland, which is believed to have about 500m barrels of recoverable oil. The production ship Aoka Mizu is on its way to the field from Dubai, with hopes of the first oil during the first half of next year.
UNQUOTE

THE MOOTLE FOOL tipped HUR Friday evening

Thinking of buying the Hurricane Energy share price after 33% decline? Read this first
Peter Stephens | Friday, 23rd November, 2018 | More on: HUR IRV


Image source: Getty Images.
The performance of a number of shares has been disappointing in recent months. Investor sentiment has declined considerably, with fears surrounding the prospects for domestic and international economies seemingly causing a shift towards an increasingly risk-off attitude.

One share which has fallen heavily in recent weeks is oil and gas company Hurricane Energy (LSE: HUR). It’s declined by 33% since the start of October, with a weaker oil price sending its valuation lower. After such a large fall, could it be worth buying, alongside another relatively unpopular share which released a trading update on Friday?

Uncertain future?

The company in question is support services and construction business Interserve (LSE: IRV). It released a third quarter update which showed that trading for the current financial year has been in line with expectations. Its Fit for Growth efficiency programme is on track to deliver its target of £15m savings in 2018, while year-end net debt is due to be between £625m and £650m. It expects to make a further announcement regarding its deleveraging plan in early 2019, with its balance sheet still appearing to be relatively weak.

The Interserve share price has fallen by over 50% in the last year, and is showing little sign of delivering a successful turnaround. It has been on a downward trend for a number of months, with a weaker outlook for the UK economy causing investors to become less interested in its turnaround potential. Since it’s highly-leveraged, relative to some of its sector peers, it could have an uncertain future. Therefore, its risk/reward ratio may not be appealing at the present time – especially since investors are somewhat cautious about the outlook for the wider stock market.

Long-term potential

As mentioned, the Hurricane Energy share price has declined significantly in recent weeks. There could be further uncertainty in the near term, since the oil price has the potential to move lower, as fears regarding the world economy’s prospects may hold back investor sentiment. This could reduce investor interest in more speculative stocks within the oil and gas industry. And with Hurricane Energy currently loss-making, its shares could be hit harder in the short run than some of its industry peers.

However in the long run, the company appears to offer investment potential. It’s due to commence production in the first half of 2019, and this is expected to transform its financial performance. Its forward price-to-earnings (P/E) ratio using next year’s forecast earnings is around 14, which suggests that it may offer a margin of safety. And with a ramp-up in production expected over the medium term, it may be able to generate improving share price performance.

Of course, Hurricane Energy’s financial prospects are closely linked to the performance of the oil price. But for investors who are seeking a more speculative oil and gas stock, it could be worth a closer look, in my opinion.







with this article and the one by the mootly fool many eyes will be on HUR tomorrow

we may see 45?

[ayl30] 25/11/2018 06:48

Scramble for the North Sea https://www.thetimes.co.uk/article/oil-giants-in-scrambe-for-the-north-sea-s66ltnxsl?shareToken=9f1811b6e31a815c16df3f63f508ed9d

[backinblack80] 25/11/2018 04:13

buywell3,

It is 11 gallons of distillate fuel, most of which is sold as diesel fuel. So it would be less than 11 gallons of diesel per barrel. I believe around 20-22% is diesel not 70% as you have stated.

Ergo, 0% chance of an apology.

[buywell3] 25/11/2018 01:36

In 2017, refineries in the United States produced an average of about 20 gallons of motor gasoline and about 11 gallons of ultra-low sulfur distillate fuel oil (most of which is sold as diesel fuel and in several states as heating oil) from one 42-gallon barrel of crude oil.


So that is 31 gallons of diesel fuel from one 42 gallon barrel of crude

31/42 = 73.8%

So I was on the low side at 70% re your shallow comment

You are not so deep as you claim

Read



An appology will be accepted if given soon








hiddendepths24 Nov '18 - 05:50 - 35439 of 35465

Silly person. Facts all wrong and very misleading!

"70% of crude OIL is made into diesel fuel" - absolute nonsense! At a rough estimate it's about 15%.

[buywell3] 25/11/2018 01:21

Yeah Global warming isn't happening is it

50% retrace = 30p

I could have quoted FIB retrace 62% as the most popular Fibonacci Retracements are 61.8% and 38.2%.

But I averaged the two to get 50% being fair

[fatnacker] 24/11/2018 22:31

Hyper Al, the only problem with co2 levels currently is our governments can't gather the tax revenue fast enough, if you want to point the finger you should maybe look at deforestation and the like but imo this co2 nonesense is a red herring.

[hyper al] 24/11/2018 21:42

francis55

There are probaby bigger deposits of Lithium not yet discovered. Massive Pegmatites in Mali and Australia may be bigger

And we certainly can't wait for the fossil fuels to run out. I think your great grand children will probably hate you for that comment.

Superpowers need to work together to resolve the CO2 problem. It's a global issue and EVERYONE needs to be involved. Invade the superpowers that dont cut their CO2

[francis55] 24/11/2018 20:39

If Bolivia ever open up the Lithium Mines to the world then I'm buying. They have 75% of the world's lithium underground. No doubt one of the superpowers will invade them when fossil fuel runs out.

[gary38] 24/11/2018 20:36

Totally agree .

[hyper al] 24/11/2018 20:08

Davidblack

Far better than Vanadium flow batteries is Iron Flow batteries, far less enviromental impact and a lot cheaper. Stick a few on each wind turbine and that would be the UK's energy problems sorted.

[davidblack] 24/11/2018 18:25

Great interview though listing all the reasons why Hurricane should be bought with the eps coming in two years when the interview was recorded.

Well 23 of those 24 months wait are gone and we are on the cusp of “Interesting times.”

Well worth watching if you are new to the story and well worth watching if you are feeling the pain from the recent share price drop!

[tournesol] 24/11/2018 15:19

Hello31

The interview you reference is dated April 2017. Isn't that stale by news now?

[davidblack] 24/11/2018 13:52

Hi Hyper al

I am very much in favour of as much green technology as possible but find the current obsession with subsidies to financiers to put up windmills etc that do not pass the economical “stand on its own two feet” test and pass it off as green to be nothing more than fraud.

Much better to pour money into real university R&D and develop genuine technologies such as vanadium batteries for distributed power.

Also tax the hell on waste. Efficiency by design not back end clean up.

As for Tesla, yep I will believe it when I see it. Their history of ever achieving what they claim is pretty sketchy.

Good luck on your lithium we need it as oil is going to be a crucial a precious commodity for the next hundred years and must not be wasted.