Hurricane Energy Share Discussion Threads

[ashkv] 17/1/2020 08:19

79.38p Average 12month Analyst Target Price for Hurricane Energy per Bloomberg Terminal as 14 Jan 2020

The below information is as of 14 Jan 2020

12 Analysts Covering Hurricane Energy per Bloomberg Terminal ANR Function

Average Analyst Target Price - 79.38p

Of which 10 Have a rating system - 9 Buys and 1 Hold [This is for the troll who posted Hurricane Energy is over-valued. As long as information in Public Domain holds good/steady - Hurricane is HUGELY UNDERVALUED GIVEN PRODUCTION/LOW COSTS]

BMO - Market Perform - 30p Target Price - Updated 13 Jan 2020
Stifel - Buy - 100p Target Price - Updated 10 Jan 2020
Barclays - Overweight - 50p Target Price - Updated 9 Jan 2020
Morgan Stanley - Overweight - No Target Price per Bloomberg - Updated 13 Dec 2019
Arden Partners - Buy - 90p Target Price - Updated 13 Dec 2019
Berenberg - Buy - 100p Target Price - Updated 11 Dec 2019
Hannam & Partners - No Rating System - 130p Target Price - Updated 4 Dec 2019
Cannacord - Speculative buy - 70p Target Price - Updated 3 Dec 2019
RBC Capital - Outperform - 65p Target Price - Updated 2 Dec 2019
WH Ireland - Buy - 107p Target Price - Updated 3 Oct 2019
Edison - No Rating System - 102.8p Target Price- Updated 12 Sep 2019
Cantor - Buy - 96p Target Price - Updated 9 Feb 2019

[amaretto1] 17/1/2020 08:11

They have done ...... many times ...24

[tcarter66208] 17/1/2020 08:08

It's about time investers were reassured.... Unless of course we're about to hit the wall. How does this attract investment from PIs.

[christh] 17/1/2020 08:08

Just buy more at his low price and average your cost.
The reward will come when they come out with an announcement soon

[francoismyname] 17/1/2020 07:39

No RNS from the BOD to steady the nerves of a falling share price.

Don’t catch a falling knife comes to mind. Sellers will be plentiful today but reckless to buy any until at least a modicum of support is shown over a couple of days. Even if it did spike up it usually falls back to the low for some form of double bottom

[leoneobull] 17/1/2020 06:24

Wtf!! Hur is generating loads of cash. Let's not forget enq languished at 17p for ages before picking up

[sji] 16/1/2020 21:19

From RNS dated 13/12/2019 - "Production since 20 September has averaged approximately 12,500 barrels of oil per day, exceeding guidance for the quarter of 11,000 barrels of oil per day."

During this period however, HUR were testing BOTH their wells - "The 6 Well IS CURRENTLY flowing individually at approximately 14,700 barrels of oil per day with minimal water cut. In a prior individual well test, the 7Z Well flowed at approximately 9,400 barrels of oil per day with a stable water cut within a range of between 25-30%." So, the average for the period would be 12,500 bopd.

But then they say "Production will CONTINUE from the 6 Well on a standalone basis until late January, at which point both wells will be flowed concurrently." So, for the last month-and-a-half (since on 13/12/2019 the company has already started testing the 6 Well on its own), the company was producing from its higher producing well (14,700 bopd) alone. Therefore, one SHOULD expect production has actually increased during this period if they haven't encountered problems ...

Mind you, a few DAYS delay will not make that difference to the whole picture.

[amaretto1] 16/1/2020 20:49

Let's face it... it's 2p off now !! Having said this from 36.. don't thank me ... :-)

[thegreatgeraldo] 16/1/2020 20:48

Usual rules apply about releasing significant news.....which very strongly suggests there isn't any significant news to be released.... just market noise....

[amaretto1] 16/1/2020 20:47

Recent weeks ? It's going to test 24 ... that's in the hedgies heads ... I'm certainSo just put that in your heads.. wait for the bounce back up.Which will probably coincide with presentation ... that's my take.

[greyingsurfer] 16/1/2020 20:42

Plus HUR have said all along they will be testing. It's quite possible that the average production over the past month will be down for perfectly good operational reasons. Though it will certainly give people something else to panic about if it is!

[prefab] 16/1/2020 20:32

Average production over the last quarter was 12.5 - 13k bpd so personally I wouldn't expect an offload til around the back end of next week assuming around 420k.

[zztop] 16/1/2020 20:22

That's if it is bad news btw

[zztop] 16/1/2020 20:16

I dunno how long a company can hang onto bad news before they have to rns it?

[zztop] 16/1/2020 20:14

When peeps on a bb say they have some type of direct line to the company l try not to believe themRight now we are in the dark hoping for a good outcome as said earlier the arrival of the tanker is pivotal2 days and counting

[dredger] 16/1/2020 19:41

Last posted in the thread a couple of months ago, when i expressed how "frustrating" this share had become; seemingly decent news but the share price reacting the opposite, so to speak. I also expressed views akin to someone (or people) close to HUR knowing more than any of us know/knew about what exactly is going on. With the HUR share price being so depressed in recent weeks (understatement) cant help thinking my original fears are coming to fruition. This share is a dud! Thankfully for me i only own a small holding (£2k), and HUR only represents a tiny fraction of my share portfolio. Yes, a dud. THIS SHARE IS IN FREEFALL. Anyone attempting to deny this is truly in denial

[sji] 16/1/2020 19:37

HUR worst in sector? - maybe in recent weeks but if operationally they continue to perform, share price will recover. Lately, one of the best oilers has been ENQUEST. Check it's share price performance for the last few months before it started to recover and see the resemblance to HUR ...

[bocase] 16/1/2020 19:31

Every dog his it's day and every day has it's dog.

[amaretto1] 16/1/2020 19:24

Not making a blind bit of difference .. how good HUR is ... The share price performance is Abysmal .. worst in sector.

[the guardian] 16/1/2020 19:20

"whoever has been dumping all along this week will soon finish because one would then expect a rebound." - not just this week, several months.

[sji] 16/1/2020 19:07

chessman2 - I would disagree with you regarding the last trades being buys. On the contrary, I hope that they were sells from earlier in the day that justify today's share price decrease. I am hoping that whoever has been dumping all along this week will soon finish because one would then expect a rebound.

The next few days are very important IMO. If we see an oil tanker at Lancaster, it will proof that everything is fine and on track. Today is the 25th day since the last offload (estimated at c. 400k barrels). If we have been producing at 14,700 bopd, then we should have accumulated 14,700 x 25 = 367.5k since the last offload. Another 2 days and we should get close to 400k, provided that we are always offloading the same number of barrels!

[nodoe] 16/1/2020 19:02

Chessman2...now that's a name from Dgo days?!

[chessman2] 16/1/2020 18:57

I suspect the late trades are sells from this morning rather than buys unfortunately.

Hope I'm wrong and they were buys when the share price hit 26p in which case someone is stake building perhaps.

For me the culprits have been the convertible bond holders who have made a packet by shorting and to a lesser extent, Kerogen, who took their initial outlay from the table thereby hitting the confidence of many ordinary holders. Along the line many have sold and continue to do so when the share price gets close to or drops below their original buying price.

The company continue to sell their oil and are still on track so I'm hoping us guys who are holding on will be pleasantly surprised in the next month or two. After all, even ngms27 has bought back in and both hiddendepths & tournesol, two of our board experts, have confirmed they are confident enough to continue holding.

[laserdisc] 16/1/2020 18:36

suppose will be a few until 19.15pm cut off
another showing now
17:27:33
26.00
1,547,626
402.38k
O

[laserdisc] 16/1/2020 18:23

and another think one the 17.35trade duplicated & has now been cancelled
18:23:18
26.34p
2,576,491
678.65k
………;……̷0;……R30;……230;…...…;……̷0;……R30;……...
edit
17:35:19 16-Jan-2020
26.35
GBX
2,576,491
678,905.38
C
CANC
SINT
17:35:19 16-Jan-2020
26.35
GBX
2,576,491
678,905.38
Off-book

SINT