Hurricane Energy Share Discussion Threads

[fat frank] 29/11/2020 19:57

NGMS27: Thanks for the bedtime story - but are you so arrogant that you think HUR cannot recover to a modest price - 12p for example?

My pants are well and truly around my ankles already but I did not buy in to the HUR dream at 60p, I am too cynical as it seemed to good to be true, but as my previous posts show I bought in at 16p as I hoped they had touched bottom. Completely wrong. But I still believe there may be some hope of SOME recovery (UKCS needs WOS).

If this share recovers to over 10p I will have a huge decision to make: do I sell and cut my losses or hold on to see if a realistic remedial work plan is forthcoming and maybe stagger past my purchase price.

There is no point in me selling at 2.2p as I have lost 85% of my hard earned coin.

[tradoil] 29/11/2020 19:54

I spent 30 years sales trading ...I know what I believe....

[deltalo] 29/11/2020 19:54

Anyone who posts all w/end with negativity has something to be worry about, I mean why would you unless your shorting. Time is valuable so why would anyone spend all their time w/end in a company they don't like,You wouldn't , you'd be posting in a company your invested in. Alternative motives to try bring down the share price .Out of anyone's hands now so shorting oil stocks will see many ruined and never to be seen again.

[dr pinkstone] 29/11/2020 19:53

ngms27---I had a similar experience with Zergo in 1999--I bought about a grand worth--it became Baltimore Technology--went up to £28000-yes twenty eight thousand--I sold at £76--lesson learned

[ngms27] 29/11/2020 19:50

Some of us might actually be altruistic having invested in the sector for over 20 years.I've followed HUR since it came to market just like many others such as AEX for example.I've also stated where I hold, TXP, PANR and JSE.Your choice to believe me or not. You can lead a horse to water...

[ngms27] 29/11/2020 19:45

Fat Frank, what don't you get? I'll give you an example.Back in 1998 someone I know bought a tech share for around £1. Less than two years later the share was trading over £19. Not a single share was top sliced.The share started going down, £15, £10, £5. What did the investor do? Held all thinking it was just a blip and it would go back up. When the share was less than £1 the investor sold out at a loss. The share never recovered.That stupid investor was me.Perhaps you might now understand what I'm trying to say? Just be careful out there, don't get caught with your pants down.

[tradoil] 29/11/2020 19:43

I have asked politely a question of NGMS and Tournesol. The silent keyboard warrior who thumbed down that perfectly reasonable question is rather telling . Erudite they maybe but I do question again why take the trouble to be so vocal on a topic you have no vested interest in ....

[fat frank] 29/11/2020 19:35

tournesol: ngms said selling at 2.2p could turn out to be a 'good call'. Price is now double that. How can you support that nonsensical approach????

I have made huge losses on HUR and HAVE never recommended anyone to buy (or sell)I simply stated that I don't think the show is over yet.

I have carried out remedial drilling on many fields that has helped them become successful - I am hopeful that Lancaster is not a dead duck.

I have not, and will not, tell any one to buy or sell unlike others who I am starting to believe have ulterior motives.

[tradoil] 29/11/2020 19:33

A reasoned post NGMS. Thankyou . But , why do you care ?

[porky8] 29/11/2020 19:31

New Strategy En Route .......Starting Point 2.34p........The New Hur Is In Play......
Not Interested In The Past .......It’s The Future That Counts ......

[ngms27] 29/11/2020 19:31

Fat Frank, what advice? I haven't suggested anyone sell at any price never mind 2.2pWhat I've done is put my personal opinion across based on information released by the company and in some cases lack of information. It's entirely up to individuals whether they agree with my thoughts or not and to act accordingly.My opinion remains that HUR doesn't have investors anymore it has gamblers and therefore you need to know when to hold em and when to stack em.You could multibag but more likely in my opinion will be left holding the baby.

[tradoil] 29/11/2020 19:21

A reasoned post Tournesol . Thankyou . But, why do you care ?

[tournesol] 29/11/2020 19:05

Fat Frank and Leo

What planet are you living on? and what have you been smoking?

NGMS called the downturn at a price many multiples of today's share price He explained exactly why he thought things were going wrong and he said that there was a real risk of the co going broke.

So far he has been bang on the money. The share price is now a fraction of its value at the time he made his call. Things have gone wrong in exactly the way he outlined and the risk of failure has been clearly recognised by HUR themselves. Along the way the CEO has been fired, reserves have been downgraded to a quite remarkable extent and the JV partner has done a bunk.

And against that backdrop you have the cheek to criticise him and his assessments? To suggest that anybody who sold at the low point should blame him because the share price has blipped a smidgeon and their timing was not perfect?

You've got a cheek.

You have both continued to broadcast positive and misleading propaganda that encourages people to carry on holding despite the mounting evidence against that strategy.

Nobody has a right to blame anybody on an internet bulletin board for their losses - everyone is 100% responsible for their own decisions. But if there is any blame to be aportioned then you two would be amongst the first in line.

You should be ashamed of yourselves. It's now time for you both to shut up and step back and stop acting as cheerlleaders for a failed strategy.

[deltalo] 29/11/2020 18:21

Not at all, it's updated on the 27th November, so a few days ago. 8x the current value is a bit reserved imo for the next year as Brent increases and outflow is reastablish.Submersible pumps may well be replaced by larger and more efficient pumps, as I expect. The company is in a far better position than a few months ago. Not that it was in a a dire position anyway. It's assets including partner inspit are now enjoying higher oil prices.

[pro_s2009] 29/11/2020 18:01

deltalo, thats not up to date.

The new broker targets are only valid if given in October and November 2020.

All those listed on that website are out of date......and they are taking the average of the last many years of targets prices. Complete rubbish.

[deltalo] 29/11/2020 17:36

WHAT PRICE TARGET HAVE ANALYSTS SET FOR HUR?5 brokerages have issued 1 year price targets for Hurricane Energy plc (HUR.L)'s shares. Their forecasts range from GBX 8 to GBX 100. On average, they expect Hurricane Energy plc (HUR.L)'s share price to reach GBX 36.75 in the next year. This suggests a possible upside of 775.0% from the stock's current price.

[deltalo] 29/11/2020 17:30

Not at all, it's an up to date analysis 27/11 2020, https://www.marketbeat.com/stocks/LON/HUR/So buy as much as you can afford. And that's free advice, and I've given excellent advice over 26 years, Turning point here and enjoy the ride.

[deltalo] 29/11/2020 16:48

Many are buying like myself, as its LTH are replaced by new investors at a very encouraging share price I bought 10 grands worth at 4p and it's a steal, I've waited and researched enough to buy now, Brent oil prices has surged 25 percent from $39 to 48 a barrel, in the last few months, 700,000 dollars of Brent is pulled up every day, and it's going up. Volume will increase in the coming weeks.Oil prices increasing rapidly as lockdowns eased, Hurricane will bounce up as fast as it dropped now.

[pro_s2009] 29/11/2020 16:35

deltalo, thats very misleading.

An old broker target price which has not been updated to take into account many many months of bad news and events, is showing on some places as 36p. This is not real.

The current consensus is around 2p to 6p range as the target price.

The next update is crucial. Water cut going up = share price going down very fast.

The fact there is silence and for a long time is worrying. Had things been easy to resolve, fairly easy to resolve, somewhat difficult - you would have heard of the plan by now.

The continued silence tends to suggest that all the solutions on the table are high risk and so there is a problem getting them "approved" by the people who hold the HUR strings.

The Bondholders have a choice :

Stop all further work, drain as much oil as possible, get as much cash as possible and then shut down the company and get the money back (as much as possible).

Or

Allow a high risk "work program" to go ahead, roll over the debt repayments, a situation where all the cash might get used up, it fails and they end up with nothing at all.

Or

Force the board to raise a lot of money (diluting equity), to then proceed with a work program, therefore protecting current cash levels and having a chance the work program is success, but still having some cash left if it fails.


Which one of those three depends on what the FWP is and the risk level. The fact there is no news suggests the risk level is high and there is lots of discussion still ongoing about whether to go ahead and how to fund it.

[fat frank] 29/11/2020 14:30

ngms2729 Nov '20 - 12:51 - 21567 of 21568 'Get out with something at 2.2p ultimately may have been a good call.'

In what bizarre world would getting out at 2.2p ever have been 'a good call' with the share price now at double that????

That statement is, at best, stupid or naïve, at worst fraudulent.

[whitedukejay] 29/11/2020 12:57

Yes it could be a good call eventualy,but you would have to have put your sale money into something that has risen 100% since the advice,so bad call as it stands.

[ngms27] 29/11/2020 12:51

Get out with something at 2.2p ultimately may have been a good call. We simply don't know until the next major update