Hurricane Energy Share Discussion Threads

[steptoes yard] 28/11/2018 19:13

Closing 63 million short shares in the context of the outstanding shares on issue would not send the stock sky high. I agree it would help but sky high is a little optimistic. Let's keep this real please, there is plenty to look forward to without overzealous comments. That said the company are upping their PR game which hopefully is for the right reasons.

[laserdisc] 28/11/2018 19:00

seems I missed this requirement been on since April
03 Apr 18
PETROFAC UK
GROUP B ERRV SUPP AOKO MIZU - 1,3 OR 5 YEARS FIRM
31 Dec 18.
Both requests still awaiting to be filled as now
02 Nov 18
HURRICANE UK
1 x PSV min 800 M2 - SUPPLY DUTIES, 1 YEAR FIRM + 2 X 1 YEAR OPTS
01 - 31 Dec 18

[the guardian] 28/11/2018 18:49

Closing 63 million shorts would send the price sky high. Looking at recent share performance, all of these shorts should be showing a loss by the time the share price reaches 60p. Bearing in mind that shedding all of these shares now would send the price well above that level, they must need help to get out.

Does anyone know how this works? The shorters obviously intend to make a profit but how? What am I missing?

[bocase] 28/11/2018 18:24

Puffet, any more snippets of information from your onboard source?

[telbap] 28/11/2018 18:22

So about 63 million to be bought back give or take, should give us a nice bump.

[blueclyde] 28/11/2018 18:05

DOW up 450 points currently as the FED say they are pretty much done with rate rises. Oil holding stable and hopefully a cut next week on the cards. Added to all this over 2.5% of all shares outstanding to be bought back to cover shorts. Let's see what happens :)

[gary38] 28/11/2018 18:00

100% agree TG.

[the guardian] 28/11/2018 17:51

tellbap, spread betting is heavily waited against success, which is why, after losing only about £300 in total, I packed it in.

If OPEC do nothing to reduce production and poo falls to 40p range, you could lose your money for good. I will lose out too but only until the price comes back up.
Big difference.

Good luck anyway.

[the guardian] 28/11/2018 17:04

I'm surprised that anyone is still stupid enough to short HUR at this stage. They seem to be fighting to hold the price down and failing. Unless the 'old boys club' holds the price to let them out, they could soon be losing money. How sad.

Think of the Wicker Man with several city boys looking out of the head.

[laserdisc] 28/11/2018 16:58

late trades 45.90p paid for 500k

[the guardian] 28/11/2018 16:57

Wow. I may need to put Hannan Partners on the Christmas card list.

[davidblack] 28/11/2018 14:31

11m traded at 4pm
12m reported at 4.30pm
15.9m reported at 5.10pm

A big day.

[davidblack] 28/11/2018 14:31

Let’s hope they sit tight and wait out this little spike.

We need some heavy buying in the 60s to beat the historic high. It would be nice if the shorters were to do the job for the Company?

[telbap] 28/11/2018 14:22

10% rise, there has to be some peeps with shorts well under water now, so are they going to strong it out and hope for a "no need flow" pull back, or will they cover???.......

[francis55] 28/11/2018 13:41

Thank you..

[bocase] 28/11/2018 13:31

Congratulations to Hannam for producing, and Hurricane Energy for commissioning such a thorough and professional document. It has taken me two hours to read it fully and is, no doubt, an essential document for moving forward with institutional investors, potential buyers and a move to the main market.

More evidence of the board's competence.

[telbap] 28/11/2018 12:38

hTTps://www.hannam.partners/umbraco/surface/MediaDownload/Download?file=2019

[telbap] 28/11/2018 12:36

I hope they are listening

[zztop] 28/11/2018 12:32

Its a download btw

[francis55] 28/11/2018 12:30

Can someone put up a link please for said paid for report?Thanks.

[lfdkmp] 28/11/2018 12:20

..... as one of the more prolific posters on lse inferred, HUR putting a marker down in terms of take-over price?

[davidblack] 28/11/2018 12:18

Yes it’s paid for research but the question is why? And why now?

Seems to me that once the AZ hook up is in place that Dr Trice and the chairman might be doing a full round of institutional and broker presentations with this paid for research note providing some details for the investment houses.

Or at least the top target institutions. The ones who Hurricane would want to start the investment conversation with ahead of first oil. Always nice to present a nearly finished story and then shortly after confirm that you have achieved what you said you would do.

Post first oil a second wider set of presentations with the shareholders getting their access come the AGM in early summer.

Interesting times and those tax losses are worth £100m in hard cash to someone with existing production. At roughly £500m X 20%.

Very interesting times ahead!