Hurricane Energy Share Discussion Threads

[zztop] 04/12/2018 18:48

Its a lockinPeeps who didnt want to go to end gameAre being forced to sell lowMost holders thought they could exit above 60p before first oilMm thought otherwiseSimple

[blueclyde] 04/12/2018 18:19

Just my take on things but I think we need an RNS by the company.The last RNS we got was that the AM was in an extended stop for a repair and the share price got absolutely smashed that day.It may seem obvious if you have access to these boards what is going on but perhaps the market still thinks the AM is still being repaired in the Med? We could really do with a good RNS stating the timetable weather depending of what's next imo.

[the guardian] 04/12/2018 18:13

Not worrying Buzz, just find it hard to believe that the price is falling at this stage of the game.

By the way, I won't be selling at under £2 but I would like to see some sort of growth.

[buzzzzzzzz] 04/12/2018 17:00

TG

Why are you worrying about the day to day trading!

I have to say that for once I agree with Gary38.

[gary38] 04/12/2018 16:48

Its a good day TG because its one day closer to FB being proved and also knowing that everything that could of gone wrong up to this point didn,'t .

[gary38] 04/12/2018 16:25

On schedule,near first oil,oil up All thats left is FB being proved and then we start making real money,exciting times are here after a very long journey.

[francis55] 04/12/2018 15:23

Well said Gary

[anley] 04/12/2018 14:07

The Hong Kong boys will decide the fate of HUR............

[the guardian] 04/12/2018 14:04

LFDKMP, I watched Ithaca for years before finally buying in. I think I came out with a profit but as you say, the premature ejaculation by the Daleks was pitiful.

That's why I like to see a share reflecting its value because in most takeovers / buyouts, the predators don't give a massive premium to the existing share price - not the ones I've seen anyway.

However, I'm sure that DR T will refuse any offer that isn't within our expectations. I can remember him being asked what he thought would be a reasonable price for our assets and he said something along the lines of "Ask the shareholders, it's their company."

[steve73] 04/12/2018 13:12

The Ithaca board had over 20% of the shares, mostly as free issue options that got fully paid up on a T/O (despite being well under their vesting price).. It's hardly surprising they bit Dalek's hand off.

Here, only RT has a significant holding, and IIRC there are relatively few options that would be paid off.

And I'm pretty sure RT has a bloody good idea what it's really worth when proven.

[lfdkmp] 04/12/2018 12:34

I was in Ithaca. Like many there I felt short changed by what I saw as premature capitulation by the board in recommending the Delek offer.

I hope (am confident) that Dr Trice will not mirror Les Thomas's underselling (imo) of the company/assets.

EDIT

For underselling read :recommending undervalued offer.

[gary38] 04/12/2018 12:12

Below from a poster on the LSE board today :-SP has been hammered by the decline in PoO and market jitters, and quite likely a bit of shorting thrown in. But to be at this level with the FPSO mb a couple weeks away from being on station is crazy. remember Ithaca got taken out just as theirs sailed.Malcy has spoken b4 about the nearer the time to FOIL the more temptation for one of the big companies to jump the gun ; there must be some itchy trigger fingers out there by now. But I doubt HUR will sell b4 FOIOL now ; why not wait (if possible!) for production, and the Spirit drills, to add more value.There is of course no knowing, and most likely if any approaches are made at this stage they will be on the QT. But it would not surprise me if one day over the next few weeks a statement was to come out along the lines of "we confirm an approach has been made but the Bod consider it seriously undervalues the company".Now is the time to hold tight, and hope OPEC+ keeps the Poo stable.

[buzzzzzzzz] 04/12/2018 10:48

Thanks Puffet.

[davidblack] 04/12/2018 10:13

Yep thanks Puffet and it’s nice to see those words “All dependent on a weather window.”

Seems quiet a while since the AZ was steaming out of the Persian Gulf.

[bocase] 04/12/2018 10:02

Thank you Puffet.

Please keep us informed if you can.

[puffet] 04/12/2018 09:54

She is scheduled to leave 15th for anchorage off Lerwick to wait on weather. She will certainly leave this month and then its all dependant on weather window.

[gary38] 04/12/2018 09:51

Brent crude oil up 1.8%

[davidblack] 04/12/2018 09:33

Notices to fishing boats in the Lancaster area on page 8.

AZ likely to leave Rotterdam “Not before the 15th December”, arrival WOS “Not before the 21st December.”

It looks credible?


Link was posted by Steelwatch yesterday



hxxps://api.seafish.org/index.php/file/4733

[wbodger] 04/12/2018 09:12

Steve73 Thanks very much for excellent explanation as always.

[gary38] 04/12/2018 09:04

14 working days till AM arrives in the WoS and hopefully there after hookup.Once FB proved with commercial oil flows,HUR will start making money.Exciting times just around the corner.DYOR.

[bocase] 04/12/2018 08:59

Early days. I think we will end up slightly positive. Very quiet market overall this morning. U.S. futures down significantly so slight headwinds.

Should have news from Rotterdam soon.

[the guardian] 04/12/2018 08:50

'Should have' mate!