Hurricane Energy Share Discussion Threads

[davidblack] 07/12/2018 11:22

And of course Hurricane will be fine selling it’s “Brent” around $55-60 a barrel for the next 12 months and then increasing to $70 hopefully post the Shale shake out.

After all the good shale companies will be still pumping but having to also rapidly replace their depleting wells. All on acreage bought up for nothing from those junk bond companies. Anadarko are going to make a fortune!

[napoleon 14th] 07/12/2018 11:20

Good read, DBlack. Loads of shenanigans going on.

[bocase] 07/12/2018 11:14

Davidblack:

Interesting!. As you say we will watch the space. You could well be right.

[buzzzzzzzz] 07/12/2018 11:11

LFDKMP

You are the bigger man!

Well done.

[davidblack] 07/12/2018 11:09

Just a small thought what if the Saudis have decided that the cuts today should be small, enough to stop the price dropping but likely to result in no further oil build up but the price of WTI remaining at around sub $50.

The general thesis is the Saudis need $75 to fund their needs, but that is not going to be easy with all this shale oil ramping up.

But what if the Saudis and the Russians decide to hold out for a steady $50 with the aim of not putting Shale out of business but persuading the banking sector that the next big “Sub Prime” financial collapse is the $100bn annual roll over refinancing of Shale junk bonds. Once Wall Street starts to have a whiff of junk oil debt as being the next “Blood in the water” event then Shale funding will cease and the marginal will be eliminated.

Then as the US oil bankruptcies pile up only the real operators will remain to pick up the acreage for cents on the dollar.

And if you think this all sounds like nonsense? It has already started on the 1st of December, when the Alberta province premier imposed a 325,000 barrel a day cut to the provinces oil production.

Was this to manage the oil industry? Not at all, it was to allow some big Canadian financial institutions time to sell their oil junk bonds to “The next Fool” ahead of the junk oil crash.

This same scenario has be played out in a Canada a year earlier than the sub prime crash in 2007, when the Bank of Canada instructed local banks to get rid of their local junk by selling it to foreigners. That scandal was called Coventry. Canada then emerged for the next couple of years as one of the few places to have solvent banks through the 2008 - 2012 recession.

So watch this space.

Oh and the bribe to the US to be ok with the Alberta oil production cuts,which in breach of Nafta, was the arrest of the Huawei FD at the same time!

Maybe the Saudis have the long game in mind.

[laserdisc] 07/12/2018 11:00

Altom I am away till later in month In the meantime a few pictures

[mad foetus] 07/12/2018 10:37

bought another 20k at 42.43, have more firepower available

[the guardian] 07/12/2018 09:52

Agreed tellbap. I gave you a thumbs up as well LFDKMP.

[lfdkmp] 07/12/2018 09:28

Thank you telbap, appreciated.

[telbap] 07/12/2018 09:22

Sometimes it is all too easy to pop back, I know, done it plenty times. You are far the bigger man coming back and apologising.Bravo!

[telbap] 07/12/2018 09:21

Woooo!!!Best post of the day!And it's only 9:20amNo room for self edification in this or indeed, any other BB.Can we please get back to cars, kitchens and world travel :-)

[lfdkmp] 07/12/2018 09:20

yes fatnacker

It is ironic and unfortunate that shortly after my post contrasting the conduct of this thread with the acrimony witnessed over on lse, that I should be the one to promote discord here.

I apologise to the thread.

[fatnacker] 07/12/2018 09:11

Indeed buzz, I cant get my head around some of the instruments used for hedging/shorting, lets draw a line under the other issue;)

[iggi kt] 07/12/2018 09:04

buzzzz

he's a slimeball comes over so suttle and smarmy I don't post much now but he used to put medown because of the way I wrote. not quite up to his level and he calls other people selfsatissfied.

[buzzzzzzzz] 07/12/2018 08:55

fatnacker

Certainly your observation on Convertibles is true, Delta Hedging etc. I have no idea what these funds get up to re covering positions they hold and I sure some times they don't understand it at all.

Tournesols post was tongue in cheek so I don't know why LFDKMP got so high and mighty.

He has always come over as opinionated IMHO

[bocase] 07/12/2018 08:33

Well said altom.

[gary38] 07/12/2018 08:33

Its a good company with a brilliant management team who know what they are doing and have delivered on every thing they have said, ahead off schedule.

[altom] 07/12/2018 08:31

It is rather depressing when this thread descends into childish bickering.
It has until recently been amusing and helpful. I am always pleased to hear from the Shipwatchers and post 35938 Dec.6 from hidden depths was outstanding, a condensed course in the chemistry of oil refining. Please let us keep away from the personal sniping.

[telbap] 07/12/2018 08:30

You and me both, I was down almost 75% at one point. Got to sit tight and hope and prey your choices were good ones.HUR are good value.The only down side here will be long term production, but, as written here many many times, we will all (inc HUR) be long gone by then.

[steptoes yard] 07/12/2018 08:16

Did someone mention the price of oil?

[fatnacker] 07/12/2018 08:11

Buzzzzz I was speaking generally about tournesols posts and I'm clearly not the only one thinking that way, I don't want to fall out with anyone and I hope my comment will be taken constructively.