Hurricane Energy Share Discussion Threads

[laserdisc] 19/12/2020 19:58

Thanks jacks MAP shows PAGE 26 dont know why you should get a tick down for that post

[bocase] 19/12/2020 19:55

Sirmark: Yes thats what it is now, a coin toss but for those of us who bought in higher the downside is only a little over 2p and the upside considerably more than that so logic would dictate that if the odds are fairly even and who knows whether they are better or worse than that, then it makes total sense just to hold.

[1joo] 19/12/2020 19:48

can see a big rise on monday - plenty of positives - overdone 6p by new year at least

[sirmark] 19/12/2020 18:55

So Fridays RNS was pretty much flip of a coin if the next RNS was going to be good or not ... shame as the past two times I've got back to a little profit thinking this was it, the company changed that :( I'll make the small loss back on PANR with the drilling next month which should be the next multi-baggerGL all shame the outcome wasn't what we was all Hoping all though we all knew the possibilities where there.

[fat frank] 19/12/2020 18:34

Oh and as for your 'good call' to sell at 2.2p I actually bought more at that stage and, on my brokers advice, sold at a 40% profit. It hasn't cancelled out my losses but has reduced them by £40k to a more manageable amount.

[fat frank] 19/12/2020 18:31

ngms2719 Dec '20 - 15:34 - 22215 of 22227 "Sure I like to be right, don't we all? To date I have been and have been shown with the latest RNS to have been continually right. I have a very technical brain, and an IQ measured at greater than Einstein's"


Brilliant!! I assume the only thing holding you back is your modesty....

You say you have been 'continually right' and yet you bought into HUR and even 'topped up at 55p'. Well I only bought in at 16p so my IQ must be enormous!!!!

[fat frank] 19/12/2020 18:14

"Narcissistic personality disorder

Overview
Narcissistic personality disorder — one of several types of personality disorders — is a mental condition in which people have an inflated sense of their own importance, a deep need for excessive attention and admiration, troubled relationships, and a lack of empathy for others. But behind this mask of extreme confidence lies a fragile self-esteem that's vulnerable to the slightest criticism.

A narcissistic personality disorder causes problems in many areas of life, such as relationships, work, school or financial affairs. People with narcissistic personality disorder may be generally unhappy and disappointed when they're not given the special favours or admiration they believe they deserve. They may find their relationships unfulfilling, and others may not enjoy being around them."

[jotoha2] 19/12/2020 17:56

ngms clearly has some sort of problem , which is probably difficult to diagnose , poor soul.

[ngms27] 19/12/2020 17:55

Exactly Frank. I advised no one to buy or sell. I don't offer advice just my personal opinion.I always urge that people listen to both sides of the story and make there own balanced decision.If they had put more weight on my reasoned arguments then they would have indeed saved themselves some money.

[leoneobull] 19/12/2020 16:08

See Ggh Ggh post. The side injector is self funding but will accelerate decline of exiting limited reserves...the WI is meant to open up 10m in P2 . All in the Hannam note and they ought to have the info direct from HUR...

[bocase] 19/12/2020 16:06

NGMS: Thank you for posting your response. I respect you for doing so and have no reason to doubt your sincerity. There is one flaw however. You say your reason for posting is purely altruistic however your constant de-ramping is not benefitting existing shareholders, just the reverse, and since you will know that altruism is the selfless concern for the well being for others, your altruism would be better served by ceasing to post negatively.

There is a difference between having the right to free speech and it being right to exercise that right.

[ngms27] 19/12/2020 16:01

Not with just another 6m recoverable though....

Do the maths.

[leoneobull] 19/12/2020 15:59

In my previous experience, CBs aren't that keen on holding equity.....partial equitisation and renegotiation of the date for the rest of the bonds would make more sense.The Hannam note suggests that, if well executed , the sidetrack and WI could pay for themselves esp. at 50 to 60 oil.Whilst some form of D4E looks likely, will it be catastrophic to existing equity holders? Not if they also need the big equity holders to cough up funding IMOV.....Gggh Ggh's suggestion about a haircut for all sides, but one in which all stakeholders capture the upside looks the optimal outcome. The alternative is made plain at end of RNS, if shutting down by 2022 equity unlikely to be left with much, if anything....

[ngms27] 19/12/2020 15:34

Bocase, no problem I will answer your questions:

The question is why. The obvious answer is that you have a short position or are working on behalf of a hedge fund with a short position. You deny this so if we take you at your word we rule that one out.

I have never worked for a hedge fund and I believe it to over 20 years since I last held a short position

Secondly, you say you were invested and lost money so another possibility if that you want to de-ramp the shares so others' losses are maximised and that would make you feel better. I would hope that no one would be that nasty so let's give the the benefit and rule that one out.

At one point HUR was around 50% of my investments. I was that bullish I even topped up at 55p. Like everyone else I was captivated by the story and honestly thought it would be in the hands of a major by now for 200p plus. Given the size of my investment that's why I followed it like a hawk and picked up the problems way before most. The reason I continue to post is purely altruistic, I want others less experienced to me to understand that all that is posted on bulletin boards isn't truthful and lots posted on here is downright disgusting over the top rubbish. I try to put over a more balanced picture with fulsome explanations as to why I have my personal views. That way others can decide for themselves whether HUR is for themselves with a more balanced picture.

Thirdly, you are working on behalf of another oil company who would like to buy HUR on the cheap and you are employed to persuade investors to sell up because the equity is worthless and lets be clear your constant de-ramping will have an effect on some and cause them to sell depressing the share price further. I think this is a plausible possibility.

I don't work for any oil company and have never been employed by one either directly or indirectly. My opinions are entirely my own with no external bias.

Fourthly, maybe you are just the sort of person who has to be right and persuade everyone to his point of view even if it becomes an obsession which clearly it has because no rational person would invest his time every day on thousands of posts arguing about a company that he has no financial interest in. Maybe?

Sure I like to be right, don't we all? To date I have been and have been shown with the latest RNS to have been continually right. I have a very technical brain, an IQ measured at greater than Einstein so enjoy this side of the business. However I'm no expert in this field, but I do perhaps have a better grasp of the overall picture than those that are in this field or have confirmation bias. After all my picture of Lancaster has proven to be more factual that the world renowned Dr Trice despite him having access to much more data than I. A case of confirmation bias if I ever saw it. I've already given the major reason why I post above.

So in summary I'm going to continue to post, I'm likely going to put over a far more conservative view that most and you can either lump it or like it.

[bocase] 19/12/2020 14:40

NGMS27:

I think the thing that really irritates many on this bulletin board are your motives.

Yes you have been right about some things I will give you that but why do you spend your life writing negative things about HUR.

A quick glance at your profile shows that you have written 13518 posts, a huge chunk of which are about HUR, all negative.

The question is why. The obvious answer is that you have a short position or are working on behalf of a hedge fund with a short position. You deny this so if we take you at your word we rule that one out.

Secondly, you say you were invested and lost money so another possibility if that you want to de-ramp the shares so others' losses are maximised and that would make you feel better. I would hope that no one would be that nasty so let's give the the benefit and rule that one out.

Thirdly, you are working on behalf of another oil company who would like to buy HUR on the cheap and you are employed to persuade investors to sell up because the equity is worthless and lets be clear your constant de-ramping will have an effect on some and cause them to sell depressing the share price further. I think this is a plausible possibility.

Fourthly, maybe you are just the sort of person who has to be right and persuade everyone to his point of view even if it becomes an obsession which clearly it has because no rational person would invest his time every day on thousands of posts arguing about a company that he has no financial interest in. Maybe?

One thing you should consider is that many on here have lost life changing sums even though they researched the company, read copious amounts like the CPR reports and those experts were just plain wrong on this occasion. Yes we all accept that investing in companies like this is potentially high reward but also high risk but your constant de-ramping is adding to the grief and losses of many and maybe you should ask yourself whether a decent person would do that. Maybe you have been trying to protect investors from losing more money all along and are doing this purely out of sheer kindness. I don't thing so.

So come clean and if you are the decent chap that you would like us all to believe you are, then answer the question, why are you really spending so much of your like writing thousands of posts that can have a significant detrimental effect on so many.

[sbb1x] 19/12/2020 13:43

In last 6 weeks oil has gone from 36.5$ to 52.4$ that is on vaccine news and weaker dollar.The trend is your friend and oil is heading much higher.The oil glut is draining at 2.5 million bpd. All the ducks are lining up for 60$ oil in March.

[ken chung] 19/12/2020 13:29

Shorters delight.Lemmings and mushrooms only.

[supercity] 19/12/2020 13:07

With many countries in Europe going back in to lockdown and the UK talking of another lockdown on the back of a more severe strain of the COVID virus which can be passed on far more easily I wouldn't be too confident that oil will remain at these levels for the foreseeable- from experience gained earlier this year we all know that it goes down far far quicker than it goes up.

[ngms27] 19/12/2020 12:04

BTW the extrapolation I produced did have average production of > 10.4k over 2021.

At $55 oil they have $90m by June 2022 and $120m @ $60 oil. So every $5 on oil produces a $30m better outcome.

Remember though my extrapolation is for the total bull case with no issues and everything going as suggested. It ignores reservoir pressure and bupplepoint, assumes the WI and 7z sidetrack work 100% and on the timelines put forward.