Hurricane Energy Share Discussion Threads

[sji] 14/1/2020 09:13

QUOTE

ngms2714 Jan '20 - 08:55 - 7829 of 7831
0 2 0

Well this 20% drop since I exited is getting into risk/reward territory I may accept!

UNQUOTE

... and that shows the integrity of this poster and his REALLY reasons for continuous deramping HUR after he sold! In one of his posts, ngms2714 even implied that HUR will likely have to plug and abandon one of its two producing wells due to reaching the water aquifier.

Once ngms2714 buys in again, he will start ramping up ... just wait for it.

[zztop] 14/1/2020 09:12

27 mentioned few week back as a share price test now hit so sofar correctThis should be bottom up from here?

[mrsmyth] 14/1/2020 09:09

Cant believe we're where we are. And the Co still do nothing to help support the SP, with it now dropping to below IPO Price. Given everything that's happened in between this Share has to be the most frustrating I've ever invested in.

Regards

[aquaesulis01] 14/1/2020 09:09

bocase, how can any director buy whilst they are sat on price sensitive information re the well performance?

[freezer1976] 14/1/2020 09:03

Weekly RSI approaching oversold...

[amaretto1] 14/1/2020 08:57

I'm on side lines....

[ngms27] 14/1/2020 08:55

Well this 20% drop since I exited is getting into risk/reward territory I may accept!

[bocase] 14/1/2020 08:54

It's about time Alastair Stobie bought some shares and sent a message to the markets!

[haideralifool] 14/1/2020 08:40

I remember some years ago the dates for rolling over spreadbets or T20 dates or some such used to feature on BBs. But they don't any more. Are they no longer a factor explaining short term movements?

[amaretto1] 14/1/2020 08:34

Looking like 24 ... or the boys want 24 !!

[lovewinshatelosses] 14/1/2020 08:32

I appreciate your further thoughts bocase; in the meantime we have more bumps to contend with this morning it seems. Short attack I presume. Annoying but again, based on nothing new it seems, so back to sleep on this one for now!

[bocase] 14/1/2020 08:31

Great article Hazydaisy and at odds with the ridiculously low share price of HUR which is looking more and more like a shorter attack in which these destructive parasitic hedge funds can move the price at will. What they can't do though is destroy the assets and long term value.

Hopefully everyone will sit tight and not be spooked which is exactly what they scumbags funds want.

[m5] 14/1/2020 08:31

Not surprised to see this further pushdown. Seems we have now broken support and some people will see that and bail out, of course shorts will ALSO see that and increase positions IMHO. Next potential support is 25p.IMHO.

[hazydaisy] 14/1/2020 08:12

Spark Exploration,

[soilderboy] 14/1/2020 07:53

Not sure i would want to be short here. I think on revenue alone being generated on Lancaster this is as low as it should be.

[ol1369] 14/1/2020 07:08

Marshall Wace Boosts Short Position in Hurricane Energy to 0.60%

[bountyhunter] 13/1/2020 22:34

The next offload and if not that both wells flowing successfully for 20k bopd towards the end of January should get things moving again imho fwiw, in which case the Feb offload should be earlier or a greater volume than usual.

[bocase] 13/1/2020 20:14

Hi lovewins: Yes still long..very long. It is my largest holding but only just now as the price has fallen.

My honest take, for what it is worth, is that HUR are very much still on track but have fallen foul of weak sentiment as obviously oil is not the flavour of the month with institutions wanting to be seen to be green and reducing their holdings. Events such as the tragic fires in Australia of course have had a negative effect on sentiment as fossil fuels are blamed for climate change.

I think too there is an element of misunderstanding of the drilling campaign and a false expectation that every well was going to be a producer whereas in fact valuable information about the reservoir gleaned from the analysis may be more valuable than the oil any individual well may produce.

I read an interesting article over Xmas about how it was going to be a good year for oil as sentiment was so low and prices so trashed, eg HUR, that greed would overcome sentiment and buying would prevail as prices were eventually perceived to be just to much of a bargain to miss. I think that is a reasonable argument.

I may be totally wrong but I firmly believe that value will out providing Lancaster continues to produce and other assets can be upgraded. Greed, perversely, has it's beneficial side as everyone wants a slice of the pie and HUR's pie will prove to be irresistible and those who continue to hold through the bad times, will I believe be rewarded.

That is my honest take for what it is worth

[lovewinshatelosses] 13/1/2020 19:10

Ah, sorry bocase, I see your take is detailed in your earlier post. Jetlag is my excuse for this oversight! Have a good evening.

[amaretto1] 13/1/2020 19:00

What they have done late afternoon here....Is a blatant short attack, it worked as well.Tomorow is important .. chart wiseSystems could generate a sell signalThen your looking at 24 !

[lovewinshatelosses] 13/1/2020 18:57

You still long here bocase? Out of interest, what is your personal take on all this?

[amaretto1] 13/1/2020 18:48

2008 situation coming.2019 broke records on oil discovery to add to a global downturn.

[amaretto1] 13/1/2020 18:47

Worlds a wash with oilDon't care what they are predicting 60 dollar oil in 2020I can see 40 dollars !!