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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
  0.089 7.94% 1.21 1.216 1.281 1.50 1.134 1.27 44,203,036 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 180.1 -571.1 -31.4 - 24

Hurricane Energy Share Discussion Threads

Showing 78726 to 78750 of 85675 messages
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DateSubjectAuthorDiscuss
20/10/2020
14:32
O&G Supply/Demand fundamentals post the current COVID-19 Pandemic do look incredibly tight at the moment; there has hardly been any investment in the O&G industry (particularly in exploration) since the massive Q4 2014 global oil price drops resulting from the US Shale boom which is now already on the decline, and may likely decline further with a Biden victory that may likely increase per barrel costs in the US via green and other forms of taxes along with other non-carbon friendly announced democratic initiatives(please see GS recent note on same for additional information), also at same time due to this huge lack of investments since late 2014, there has hardly been any major oilfield finds (onshore & offshore), and with mature producing fields on rapid decline, I remain very bullish on crude prices from the second half of 2021 and onward, we could again hit $80+ crude prices in H2 2021 if a Vaccine or some forms of COVID-19 treatments are found IMOO, please DYOR.
keepitsimple5
20/10/2020
14:02
L2 looking much better today, best I've seen in days/weeks....bodes well for a move up
laptop15
20/10/2020
11:56
FWIW, I sold approximately half of my holding yesterday... for a 96% loss. Tempted to close out the rest while there is still some value here... Who knows, but with Covid 2nd wave getting well established in Europe, and still no real first wave in much of Asia, then I really can't see the oil price recovering in the "near" future - perhaps 2-3 years at least. IMHO, the only thing that could cause a rise in the OP would be a collapse in the $$, but then that should lift all resource/commodity stocks.
steve73
20/10/2020
11:49
I wish I had been blindfolded during the second half of last night's Leeds v Wolves match.
canetois
20/10/2020
11:28
yes, you are not alone with that view. Its pretty catastrophic..for us at least... last 6 months has been much like going to a football match and being blindfolded for the duration.....you know lots is going on but are excluded somewhat from taking part
dave999dave999
20/10/2020
10:48
Except it lost 75% in the last 6 months, that's quite a big deal imo
jibba jabber
20/10/2020
10:38
well depends what you mean by massive i'd like to hit my average of 20p but i can't see that happening at the mo there is merit in your optimism it lifted my day but...... you are not the first to predict this kid of thing and so far nothing much has happened for 6 months+ that hasn't been followed by RED. my take doubt crept in, they felt they had mislead us all with their estimates of the reserves so they have gone in hard the other way with a downgrade to try to re balance opinion. so i'm pessimistic about a company that would do that but optimistic that some of the bad news was setting expectations low so if any good news did come, it would be met with relief and an upswing of some sort in the price. Id like to see more director buys. if you don't buy when its at rock bottom....
dave999dave999
20/10/2020
09:26
Onwards and upwards 🚀
the canadian mounted
20/10/2020
09:11
Good news here is looking imminent and hence IMO, massive upward rebound from current extreme HUR lows can also be expected very soon.
bearnecessities33
20/10/2020
07:51
HTTP://storage.googleapis.com/crystalamber-com.appspot.com/_downloads/monthly-net-asset-value-2020-10-19.pdf see notes we should be getting an update soon ,decision of use of capital as well as capital spend
laserdisc
19/10/2020
22:22
Onwards and upwards 🚀
the canadian mounted
19/10/2020
20:27
leon, too many assumptions...lets see what happens. Its not good, but I do not think it is fatal as we stand.
mhin2
19/10/2020
20:18
From lse bb..Multibagger2022Posts: 6Price: 2.68Strong BuyValuation 2022Today 08:35- Assuming WI implemented with production at 20k bopd by 2022 @52 Brent =$342M turnover (90% uptime)- Free cashflow estimate $66M- Bond refinance highly likely at reasonable rate, hence not holding back price- 2022 DCF valuation on 10% earnings growth over 5 years (Oil price increases), 3% thereafter and 11% discount rate = 24p share- Lincoln tie back (10k bopd, 5k to Hur) could increase this to 30pGood return or some recovery for LTH's if you can wait to 2022, and you can accept the risks and ignore or filter the noise as I do.Please DOYR though as risks are high e.g. Oil price below $35, WI uncertainties.Some curve ball positives are possible as well e.g. reverse takeover from Spirit, farm in/out, takeover, higher oil prices, WI well not needed yet if pressure/production stabilise, reserves upgrade
leoneobull
19/10/2020
19:42
Leon...I think they might be, but somebody is buying...we dont know kerogen strategy. Alan Parsley was part of the `kitchen sinking'...I am not sure I trust the tech review (nor kerogen, nor CA)....interesting that KER announced resignations after CA started increasing their stake. I am interested in what is replenishing the lanc fields, water, gas, oil? what combination etc. What are the oil flows in the extensive interconnections, how far does the connectedness extend. etc etc. Also interested to see how well 6 performs alone...so far so good. Be interesting to see if they test 7z to see if it can be brought back in a controlled manner (remember the last presentation stated that 7z is available). I expect oil to hitting 50 after Jan, if it doesn't and economies are still suffering from covid sclerosis, nothing is safe...economic meltdown is on the cards. So many variables...it makes me dizzy.
mhin2
19/10/2020
18:30
Just hope that Kerogen are not selling Mhin....
leoneobull
19/10/2020
18:24
excell...todays action was like last weeks....seems as if it is going to drop...touches 2.3, but does nor let you buy then rises. In the meantime large spread disguises buys and sells. And yes Hur can go lower, but also much higher...depends on Poo, Lincoln, Well 6 performance, when/if 7z is tied back, whether they get some sort of partner, when the forward plan is decided, when the tech review is completed, the new CPR, if corporate bonds are re-financed. How much free cash Hur generates (remember we are supposed to be getting a premium to Brent) ....Of course many of these things are linked. I think the next news will be a holdings RNS, and we ought to get that imminently (this week?), although it would be nice to get news on the size and revenue of last offload.
mhin2
19/10/2020
17:50
Hell it can't drop anymore,can it.
excell1
19/10/2020
15:14
Shame this isn't.
jibba jabber
19/10/2020
15:07
Oil up now
laptop15
19/10/2020
10:57
I wonder are crystal Amber buy more again today
laptop15
19/10/2020
10:15
Hang on to your lugnuts 🚀
the canadian mounted
19/10/2020
09:00
I think being balanced and critically evaluative is necessary in these uncertain times rather than getting stuck in a battle of positions. I also think Lundin and/or Spark Exploration could have an interest in one form or another...but that depends on oil price. In the meantime its a case of keeping head above water (pun intended), until the world develops a sustainable covid strategy of opening up whilst protecting the vulnerable, seeing the back of the US election and until hur completes review and develops forward plan (not long to go now)
mhin2
19/10/2020
08:57
Pleasantly quiet and civilised on here at present, isn't it mhin? Long may it last. Rational discussion and informed debate is what makes these boards useful imo.
hiddendepths
19/10/2020
08:52
Hidden, OK. But there were too many unknowns and uncertainties as well as assumptions in the tech review...lets see what happens when they have completed. At least (it seems) somebody is accumulating
mhin2
19/10/2020
08:44
mhin - Agreed, it's sad. I find it hard to believe that the incredibly successful discovery and appraisal wells on Lancaster and, probably, Halifax were not indicative of an extremely large and highly commercial field. I suspect the problem is HOW to develop it, not whether the field is economic. The company thought it had a handle on the way to develop the field. That approach has been proved to be completely wrong. IF this speculation is correct, the immediate difficulties with getting back on track are twofold. And they're BIG. Firstly, there is a credibility issue now that the company itself has slashed its own estimates of the reserves, resources and potential of the field. So they've got to prove themselves mistaken again and investors will be highly sceptical for a long time! Secondly, it has to be accepted that any serious expenditure is going to be seen, correctly, as much riskier than hitherto. It will not be easy to get finance for wells, even exploration, or field development which may well fail or water out before covering development costs. Whatever happens, any full-scale development of Lancaster has been deferred for at least 5 years and may well be pushed back so far that global oil demand will have begun its inevitable death spiral as the field comes into production. By then financing for large oil projects will be problematic in the extreme. But is all this uncertainty and risk of failure priced in with the shares at 2.5p? I would say it probably is. In my experience there is maybe a 20% chance that the shares will revisit 10p at some point in the next year. But I would assign a similar probability to 0p. Maybe a bid at 4p or so from a company with internal financial resources would be a blessing for all.
hiddendepths
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