Hurricane Energy Share Discussion Threads

[fat frank] 21/10/2020 19:13

Steel; 'Premier Oil (PMO) is the most shorted stock in the UK, appearing in the top most shorted list for the first time since September. Hong Kong hedge fund Asia Research and Capital Management (ARCM) took a 17% short position in Premier in July, but did not disclose this to the Financial Conduct Authority until Friday 6 December. ARCM’s short position in Premier is worth c £130m, making it the biggest short in UK history. The hedge fund’s short position is most likely a hedge against its debt holding in Premier, as investors have been cautious of debt piles of struggling oil companies, including peers such as Tullow. Currently, Premier’s LTM net debt is $2.4bn, representing a 2.5x net debt to EBITDA ratio and a 33% increase from FY18.'

From Edison website

[leoneobull] 21/10/2020 18:30

I dont mind being voted down, but NOBODY has the right to vote down our laserdisc who tirelessly does research for our mutual benefit. Thanks to laser for the shil watching and other research

[thegreatgeraldo] 21/10/2020 18:04

laserdisc
21 Oct '20 - 17:27 - 20712 of 20714
0 1 1
yes Am can handle the water ,

...Yes, no problem with water for some time. Worth bearing in mind if you're talking of bringing well 7z back into the equation is the overall liquids handling capacty of the FPSO is 35,000 bblsd. Therefore, you don't want a water cut over 50%

[scaleyman] 21/10/2020 17:43

Hi laser, any more details on recent offload?

[mhin2] 21/10/2020 17:32

thx laser, good on ca...been some large buys in hur over last 4 trading days

[laserdisc] 21/10/2020 17:27

yes Am can handle the water ,mhin2 i notice a couple of larger buys towards the close.
I also notice there has been some large purchases of C A shares during last few days, changes of ownership a main shareholder selling with 2 new investors over there, they certainly have contacts to find investors hope they can direct them here

[mhin2] 21/10/2020 17:20

Thx laser. they did say that well 7z could be brought on stream if desired, and AM can handle the water produced, also AM has water injection capability...so still testing and understanding...lets hope they can stabilize and offer a more positive prognosis

[laserdisc] 21/10/2020 16:36

Production presently is from 6 well only. The 7z did run for 2 days giving a 57% water cut so they shut it off, they will be getting more tech info from just running 6 ,the reckoning is Lincoln is contributing to Lancaster reservoir , fields all up for re mapping it seems, kerogen still holding so i am staying put presently
last presentation is here shows all the technical stuff, we are presently awaiting Hur's forward plans remedies together with any details on future use of their cash balances

[mcdonaldg] 21/10/2020 15:17

does anyone know whats up with well 7z and why its shut in again.

[jibba jabber] 21/10/2020 13:58

Has this share ever had a day with more buyers than sellers? Asking for a pal.

[dave999dave999] 21/10/2020 11:44

and that is why some of us are here. 50p looked inviting, for a small punt. Trice was convincing. a scientist in a role usually held by an over paid marketeer. it was different and he seemed eminently believable.

at the moment he can buy his own pint.. and sit in the other bar by himself

[mhin2] 21/10/2020 09:41

leon...that was the potential at one time

[porrohmahnn] 21/10/2020 08:29

RNS this morning;

hxxps://ir.q4europe.com/Solutions/Hurricane2018tf/3942/newsArticle.aspx?storyid=14846743

[hiddendepths] 21/10/2020 08:00

Probably the latter, Steve, but the former is useful. Morgan Stanley no longer relevant as the internationalisation of the share register ain't gonna happen for a few years now, if ever.

[soilderboy] 21/10/2020 08:00

They have been dumped. Useless. Money for old rope.

[laserdisc] 21/10/2020 07:59

yes they had been broker here since 2018 i would say cost saving they were originally brought on as potential for full listing back then

[steve73] 21/10/2020 07:35

So Morgan Stanley have been dropped as joint broker... Cost saving or they wanted out?

[leoneobull] 20/10/2020 21:23

Not sure. Could I suggest that Dr Trice is hung over some medieval torture device until it is revealed to PIs what the forward activity plan is?

[laptop15] 20/10/2020 21:13

Are we about to get a takeover bid?? Seen it before when share price is held a certain level like crystal Amber think a takeover is on the cards too, says in there fund report

[mhin2] 20/10/2020 19:56

The automatic trades seem to be in both the direction of buy and sell, has been the case for a few trading days. Are we at the bottom? are some of the shorts closing?

[onlylongterm9] 20/10/2020 19:42

“Oil Climbs While U.S. Lawmakers Discuss a Potential Aid Package”:

[mhin2] 20/10/2020 19:19

Hur could do with a stable well 6, and an increased oil price...that would steady the ship going into 2021. By that time we will have forward plans and a better appreciation of what a less than worst case scenario looks like. Of course by January the worlds major economies will have to come up with plans to open economies...as it stands we are facing economic doomsday (see

Time is coming where the focus will be on protecting/shielding the vulnerable and opening up economies.

[back2basics1] 20/10/2020 17:29

"We do not expect the upcoming U.S. elections to derail our bullish forecasts for oil and gas prices, with a Blue Wave likely to be in fact a positive catalyst," Goldman Sachs' commodities team wrote.

“A Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated.”