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Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy Plc LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.054 1.52% 3.60 3.574 3.588 3.788 3.436 3.44 14,275,190 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 170.3 -1.8 3.0 1.2 72

Hurricane Energy Share Discussion Threads

Showing 78551 to 78573 of 79325 messages
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DateSubjectAuthorDiscuss
12/10/2020
09:18
Residual oil. This is a term that has been overly misused recently, not least by those of the CA camp, to describe possible HCs still remaining below the so-called 'revised OWC'. Residual oil is indeed the stuff that remains stuck to the sides of the pore spaces, in a conventional reservoir environment (like we used to have tar in our lungs, or fatty linings in arteries in the freedom days of yore..), or 'dead oil' remnant of a source rock. But, the significance of residual oil is that it doesn't flow, ie. it's unrecoverable/residual, and Tournesol was right to point that out, for clarity. However, my take on this is that the term was used as a careless misnomer by non jargon-sticklers, not from within the oil industry but financiers and investors at CA, to simply refer to volumes of oil that they confidently believe to be existent deeper than the same revised OWC. That is to say, they don't believe the new narrative that the original OWC was interpretted to be over a thousand feet innacurate.., and neither do I
linz22
12/10/2020
09:17
Can someone give us more details on this please? Hybrid digital twin tech to be tested on Bluewater’s Aoka Mizu FPSO - https://www.upstreamonline.com/energy-transition/hybrid-digital-twin-tech-to-be-tested-on-bluewater-s-aoka-mizu-fpso/2-1-891287
sji
12/10/2020
09:17
sloppyg 12 Oct '20 - 10:11 - 20528 of 20528 0 0 0 Tournesol Yet again you misrepresent the facts. Are you for real ? You did NOT say "I'm saying the ring fenced tax losses are of limited value to an acquirer." BUT what you did say in your typically condescending manner was: "There seems to be a persistent misunderstanding of the value that attaches to tax credits. (despite my repeated efforts to explain). As I understand it tax credits for north sea exploration and development are ring fenced. That means they can only be offset against future profits generated by the same assets. Nobody who acquires Hur will be able to apply them to any other assets." ..You're busy splitting hairs, while ducking away from providinhg a shred of evidence to back up your claims. You're amongst friends.... ;-#))
thegreatgeraldo
12/10/2020
09:11
Tournesol Yet again you misrepresent the facts. Are you for real ? You did NOT say "I'm saying the ring fenced tax losses are of limited value to an acquirer." BUT what you did say in your typically condescending manner was: "There seems to be a persistent misunderstanding of the value that attaches to tax credits. (despite my repeated efforts to explain). As I understand it tax credits for north sea exploration and development are ring fenced. That means they can only be offset against future profits generated by the same assets. Nobody who acquires Hur will be able to apply them to any other assets." So yes I get that you don't like that you have been called out for posting factually incorrect misrepresentations but perhaps you should think a little before you post such assertions in the future. That way you may help to avoid the numerous confrontations you find yourself in and also help to restore a modicum of credibility. I realise you have filtered me but the irony is your narcistic traits will ensure that you are reading this. Goodbye and likewise filtered (although I do that knowing I am losing the pearls of wisdom from your 25 years of successful investing in E&P !!)
sloppyg
12/10/2020
09:01
Fat F Sorry Frank I didn't see your prior post which you have repeated. It's getting hard to see the wood from the trees here. No of course I'm not saying categorically, that there will be no recovery AT ALL in the current share price enabling some loss recovery How could I possibly say that? I don't have a crystal ball. What I am saying is simply that in my opinion the risk/reward balance is extremely unfavourable here and does not justify a holding. I think the stuff about the sandstone on the flanks sounds implausible and desperate. The stuff about remedial work on the EPS wells sounds unrealistic and uneconomic. It seems to me that the most likely outcome is that unforeseen problems continue to be encountered, that production continues to decline, that water cut continues to increase, that reserves continue to be downgraded, that resources continue to be erased. I do not think Hur will be able to refinance its debts and will have to repay the CB's. To do that will swallow H's cash over the next 2 years and by then it will all be too late. That's what I think. Of course I could be wrong. There could be some wonderful breakthrough and the co could rise like a phoenix from the ashes. If it does I'll be back in. Otherwise this feels like watching a terminally ill patient waiting for the inevitable end whilst grieving relatives fantasise about complementary medicine or crystals or some other hokum. Can I categorically say the patient will not recover? No. Do I hold out any hope? No, none.
tournesol
12/10/2020
08:54
Tournesol It might be worth checking what your exit price was, I fear it was lower than 19p when you look at the share price from the date of your own post below. I always read your posts with interest, but I cannot see where the share price was anywhere near 19p from 26 Feb 2020, if I am incorrect I apologise. tournesol - 26 Feb 2020 - 20:37:13 - 11938 of 20525 Buzz Hold on big fella. I am no defeatist. This was my biggest holding by a large margin - some 18-20%. To get to that level I bought on approx 15 separate occasions. I have not sold a single share. Sadly it no longer represents anything like that %. I am still holding. Bloodied, bruised but unbowed. I sincerely hope that one day the share price will reach £5 - and that I am still holding at that time. However, in my opinion a bid launched right now at 30p would be accepted by a comfortable majority and would succeed. That might not be what you want to hear but it is my opinion. If you disagree that's perfectly OK but you don't need to get aerated. regards T
yasrub
12/10/2020
08:48
Long overdue TOURNESOL FILTERED
geordy2
12/10/2020
08:39
May I ask your reasons for giving so much of your time and experience to the readers on this board in guiding us towards a pure truth of Hurricane energy's future? It reads like you simply want to show us the way and open our eyes to your steadfast faith in this companies imminent demise before it's too late and we lose what little investment is left, or am I off the mark here? If not the frequency of your posts demonstrates an almost Christ like level of generosity. Yours gratefully.
evilblues
12/10/2020
08:39
"Fat Frank11 Oct '20 - 18:44 - 20496 tournesol: So are you saying , categorically, that there will be no recovery AT ALL in the current share price enabling some loss recovery???" Tournesol: the silence of your response is deafening.....
fat frank
12/10/2020
08:32
KIS5 Nobody has yet explained, or even tried to explain how it is physically possible for significant volumes of oil to be below the oil-water contact. (Oil is lighter than water. It sits ABOVE the OWC.) Nobody has yet responded to my prior comment pointing out what the term "residual oil" actually means and why it does not refer to oil that can be extracted. TGG has been raising this question for ages but the bulls-for-magical-thinking and the bulls-in-denial simply choose to believe something physically impossible rather than face up to reality.
tournesol
12/10/2020
08:28
sloppyg brilliant, these idiots need to be reminded of how clueless and arrogant they are
the patient investor
12/10/2020
08:23
Tournesol Lets try this one last time as you are clearly struggling to grasp this concept. The first point is that you brought up this subject with your factually incorrect assertions and misrepresentations of the facts. Consequently one would presume that with your "25 years of successful E&P investment" you can recount numerous examples of cases where there was a change in ownership with companies in a similar position to HUR and where subsequently the RTL's were unavailable for Group tax relief ? Perhaps you could share just a limited number of those case examples, using information that is in the public domain, to back up your assertions ? The second point is do you actually understand how the M&A process works and what information is in the public domain ? Are you familiar with Group tax relief and pre and post merger accounting in order to decipher the use of RTLs? Frankly I find it astonishing that you have managed to have "25 successful years of investing in E&P"....although to be fair given your propensity for misrepresenting the facts one could be forgiven for questioning this......
sloppyg
12/10/2020
08:17
"...Basically seems that if Lancaster were to be shut down within 5 years of any takeover, then the tax losses would be "lost" and so, worthless after that…" Anyone potentially taking over HUR would certainly be looking at the “significant volumes” that "may be present below the revised oil-water contact" and hence, looking at a lot more than 5 years here which will make the tax credits incredibly attractive, otherwise why even bid/takeover.
keepitsimple5
12/10/2020
07:28
Pro ...Basically seems that if Lancaster were to be shut down within 5 years of any takeover, then the tax losses would be "lost" and so, worthless after that… Thank you Pro. I'm still ready to consider any counter factual examples that SloppyG can provide but he does not seem to be willing to do so…..
tournesol
12/10/2020
07:13
keep on being worried, believe me, you are ruined and now do it again, predictable sod
the patient investor
12/10/2020
07:08
to the poor sod that thumbed me down: "be worried today, you are in trouble"
the patient investor
12/10/2020
07:02
Red again!! Yipppppeeeee, what a dog.
jibba jabber
12/10/2020
06:59
very good news, it should be a very good day atb to all
the patient investor
12/10/2020
06:55
Pro - as said before - if one has few eggs - one looks after them with more care Rick Rule said - do not follow me with your investments - as I have too much to invest and am going places and quantities that I would otherwise would not be going if I had not so much to be invested
kaos3
12/10/2020
06:54
Still pompous and arrogant
fatnacker
12/10/2020
06:51
Read page 12 of this article regarding "tax losses", highlighting there is now limited scope to sell or get any value for accrued losses. Basically seems that if Lancaster were to be shut down within 5 years of any takeover, then the tax losses would be "lost" and so, worthless after that. https://www.akingump.com/a/web/70742/Tax-Journal-Distress-in-North-Sea-Oil-Gas-Assets-27.04.18.pdf .
pro_s2009
12/10/2020
06:42
SloppyG And yet you still haven't provided a single example of something you say is commonplace! So you say the ring fenced losses could theoretically be used IF some conditions were met, then you say that such circumstances are commonplace BUT you are still unable to provide a single example. Why is that? This is the third time of asking
tournesol
12/10/2020
06:08
Excellent. I think the well is performing very much above expectations. Much to all the sold out Samaritans who like to clutter up this board with their expertise.
gregpeck7
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