Hurricane Energy Share Discussion Threads

[ppceh] 26/11/2020 16:17

Ngms

It was me and you did not understand that the water injector was for developing the C2. You misunderstood and thought it was for the 2P. You also did not hear/read HUR stating that H2 2021 watering out was the worst case, not a given as you claimed. It was clear that you had not read the webcast transcript as I said at the time.

I repeatedly challenged you about this! You must have a very selective memory?

[jibba jabber] 26/11/2020 16:16

Ye right, 11.4% down ffs

[dunderheed] 26/11/2020 14:18

NGMS - you're welcome re my spelling suggestion!

[ngms27] 26/11/2020 14:13

Well I look at HUR as a medium to long term bust in the absence of a valid plan to alleviate the current issues.

[ken chung] 26/11/2020 14:07

Lemmings and mushrooms only.

[valueinvestor17] 26/11/2020 14:02

I look at HUR as a medium to long term investment (18-24 months horizon)with potential for enormous returns, and personally, don't bother with the daily/weekly share price fluctuations here but have purchased from 2p to 6p, and if forthcoming updates are positive in my judgment, will continue to invest here while HUR share price remains in single figures, all IMOO, please DYOR, and good luck.

[jibba jabber] 26/11/2020 13:52

Did you buy at 5p+ this week value by any chance?

[valueinvestor17] 26/11/2020 13:46

IMHO, HUR share price at these levels already is a massive bargain, today looks like a little profit taking by traders, and then ready for the next leg up here, we are in way oversold territory at the moment, GLA.

[cobra kai] 26/11/2020 13:40

I want to buy some but waiting for a bargain. I am scare of mms sweeping the legs now. So hiding in my dojo till it's safe to come out.


CK
Strike First
Strike Hard
No Mercy.

[dunderheed] 26/11/2020 13:35

It's ShorEditch actually.
But I may be able to meet you there if u like!

[ngms27] 26/11/2020 13:16

Nice one Dazzerman4, I'm looking forward to seeing you at the Shoreditch branch of gamblers anonymous I'm running this evening.

[dazzerman4] 26/11/2020 13:03

This is going over 6 tomorrow I'm loading up Nicely

[thegreatgeraldo] 26/11/2020 12:19

If we then were to apply what would amount to a conservative Price to Earnings Ratio multiplier of 5 to this, then my maths start to see the share price, based only on production, as being worth around 12.85p / share.

In the 11thSept 2020 update, the 2C contingent resources for Lancaster were put at 58mm bbls which at a production rate of 14,500bopd I calculate as potentially sustaining such production for ~4,000days or ~10.9years.

....Whoever posted this is naive or disingenous (make your own mind up).

No mention of the P2 & how long they might last (in a best case scenario) if the Water Cut only increases slowly.

No mention of how they would fund putting the 2C in to production, if they confirm that the C2 are actually there & are actually economic.

Sticking a PER on HUR is about as useful as pinning a Jaffa Cake to an Albatross.

[fund1] 26/11/2020 12:04

Blue by eod

[ngms27] 26/11/2020 12:02

You've had the kitchen sink the next RNS could be down the pan.

[onlylongterm9] 26/11/2020 11:31

It is certainly worthy to note that no news here is actually great news; as based on the recent pickup in HUR activity, “Forward Plan Programme” seems to be diligently in progress, and positive updates since the brutal kitchen sink episode now look forthcoming in days/weeks at most, hence at this extremely nonsense lowball MC/Valuation here, it can only mean a now well overdue massive upside rally here ahead for HUR shareholders from these way oversold levels at the moment, IMO, DYOR.

[sirrux] 26/11/2020 11:18

Ngms27, imagine a world where we had a level playing field, what would that be like? Complete corporate transparency, unlike RNSs, and everybody having the same access to it. It could completely change the dynamics of who gets rich. Just a thought.

[jibba jabber] 26/11/2020 10:04

Is this the start of a fresh downtrend i wonder?

[sirrux] 26/11/2020 09:54

WTF ngms27, maybe it's time they got it right. I am not sure on their style, but they stick to it and that sort of doggedness can turn up trumps every now and then. I think their activism is sort of blinkered, if they opened their eyes a bit wider that could help. But most investment managers, operate in a blinkered way tbf.