Hurricane Energy Share Discussion Threads

[telbap] 28/11/2018 12:00

One. Thing worth pointing out is the very faint grey text at the bottom of the note stating this is a paid peice.....by Hurricane oil....

[telbap] 28/11/2018 11:58

Just my rant.......you are correct, HUR and another USD (if they ever start mining) based business GGP both are in my SIPP

[bocase] 28/11/2018 11:55

Yes tax credits are as good as cash.

I have just got my accounts back from my accountant and had a reasonable good year, investment wise, last year hence a reasonably large CGT bill. Thank goodness for the carried forward tax losses from a previous bad year which has significantly reduced my bill.

Just like cash I would say, both to HUR and any predator.

[dcarn] 28/11/2018 11:50

A prefect example is Serica Energy, taking on producing assets to utilise large tax credits generated from previous years exploration losses.

[blueclyde] 28/11/2018 11:49

Wow one of the most bullish broker notes I have ever seen that confirms 10 bagger opportunity plus shorts rising into a surging share price this could really fly as those shorts get squeezed.

[kalkaar] 28/11/2018 11:44

back above the 20 SMA (first time since early Oct) confirming the change in trend following that bullish engulfing candle.. nice double bottom at 40p to shake the tree before the rise..

back to buy the dips..

[eggbaconandbubble] 28/11/2018 11:42

Strapon68 - that would be nice!

[laserdisc] 28/11/2018 11:40

indeed value for the tax losses on the books can start to come out once income stream starts

[lfdkmp] 28/11/2018 11:39

Could be very significant to a tax-paying predator.

[hiddendepths] 28/11/2018 11:36

laserdisc - Indeed. I have had arguments elsewhere on these boards about tax credits (big factor for JOG too). To my mind they're virtually cash but others, presumably not former analysts, beg to differ. I don't often mention them any more because it's not worth the fight.

Exploration costs are tax losses as well as the more obvious things.

It's a VERY important factor in valuation!

[dcarn] 28/11/2018 11:32

They'll have tax credits for the losses made over the years.
£500M outlay, £500M losses.

[mjcferguson] 28/11/2018 11:31

Presumably tax losses available to offset against future profits?

[laserdisc] 28/11/2018 11:31

to set against future income from first oil it reduces the capex

[telbap] 28/11/2018 11:24

Laser, Tax credits for what?

[stepone68] 28/11/2018 11:21

Suits me as long as it's over 2 quid.

[deanroberthunt] 28/11/2018 11:16

I fink there's a bid on the way....

[laserdisc] 28/11/2018 10:57

HD the hannam report (post 35594) mentions significant tax credits (~US$625mm at end H1'18)this was highlighted in the past

[hiddendepths] 28/11/2018 10:53

Do I detect the whiff of burning shorts?

I have no sympathy!

[bocase] 28/11/2018 10:53

Forecast to drop to force 4 at Lerwick next week but I suspect that is still too strong. There will be transient weak ridges of high pressure crossing between the depressions, however, with periods of relative calm, sufficient for the hook up.

[rayrac] 28/11/2018 10:48

Just needs the weather to settle down...it’s blowing rather at the mo!

[dcarn] 28/11/2018 10:43

Pro_S2009,

Agree 100%. About 75% of my portfolio is either Oil or a couple of UK companies where the vast majority of their profits are in dollars.

It has to be an excellent hedge for any short to medium term volatility that is very probably heading towards Sterling in the not to distant future.

[bocase] 28/11/2018 10:28

Yes thanks Itinvestor. A very interesting read.

[homebrewruss] 28/11/2018 10:22

Thanks ITinvestor