Hurricane Energy Share Discussion Threads

[pro_s2009] 20/12/2020 16:37

🤡🤡🤡🤡9313;🤡ԍ13;🤡🤡;

[fat frank] 20/12/2020 16:35

ngms27: Oh, did you mean 'you've been on the pop again'??? Now I understand but please don't tell my Mum.

And I think you answered through the wrong account......

[thegreatgeraldo] 20/12/2020 16:34

So when you posted..


Fat Frank
19 Dec '20 - 18:34 - 22229 of 22278
0 3 2
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.

...what you actually did was buy a block at just below 3p & then sell a chunk of those a bit above 4p? These transactions were decribed as follows..

Fat Frank - 30 Nov 2020 -

Now I will be honest and state here that I have bought some to reduce my average but I have not used all my available funds

About right?

[ngms27] 20/12/2020 16:34

Fat Frank, can you please advise who your brokers are as I'd like them to manage a pot of my money as they seem to have an excellent grasp of market timing, I thought I was good but they are something else.

[ngms27] 20/12/2020 16:32

The partaking of alcohol...

[fat frank] 20/12/2020 16:26

TGG '....& judging by the tone of your recent posts, you've on the pop again.....'

What does that even mean?

[thegreatgeraldo] 20/12/2020 16:23

Fat Frank
20 Dec '20 - 16:09 - 22299 of 22306
0 0 1
So as I previously said I did not buy at the absolute bottom.


...This is what you actually posted......


Fat Frank
19 Dec '20 - 18:34 - 22229 of 22278
0 3 2
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.

...& Now you're backtracking.....& judging by the tone of your recent posts, you've on the pop again.....

[fat frank] 20/12/2020 16:22

yasX: Thanks, your posts have been informative and, in my opinion, realistic. I still believe there is hope that the share price will recover to a level where I can bale out with losses at much less than I am looking at now. I fully understand that I am never going to see the huge profits I was hoping for when I first bought in at 16p.

Take care and thanks.

[yasx] 20/12/2020 16:21

Rest assured it applies to him - he conceded he lost a chunk and then some on here.


Incidentally, I have a copy of that paper (whether diversification is preferred to concentrated investing in a specific sector) to which you refer - I will dig it out over the coming days but from memory the conclusion was not that heavily concentrated portfolio's are preferable. It concluded that it all depended on the ability of the fund manager or the trajectory of the market.

[ngms27] 20/12/2020 16:16

I seem to recall Tournesol went full cash in January 2020 on Covid concerns so I don't believe this applies to him either. Nor do I know his average buy price.

[yasx] 20/12/2020 16:16

Anyway, I will leave readers to it - my view is that there is an existential threat here to equity holders, but, it is too early to say at this stage with any degree of certainty as to what will happen. At 2p it is a binary bet and one for those with an appetite for risk.

Take care and good luck.

[fat frank] 20/12/2020 16:15

"thegreatgeraldo20 Dec '20 - 16:11 - 22300 of 22301
deltalo
20 Dec '20 - 16:07 - 22298 of 22298
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, the fact here is the asset's value is still over 800m,

........ That's a Frank fact!!! Just for fun, care to show your workings?"


OK TGG, time to put your money where your septic mouth is; produce a post from me that has EVER given a valuation on HUR or any of its assets.

You disgust me

[ngms27] 20/12/2020 16:15

So <6m barrels at $50 is $300m gross or < $50m net to HUR. Even if you assume another 10m barrels are added due to the WI this is still pie in the sky.

Then factor in the equity haircut coming your way soon.

[yasx] 20/12/2020 16:14

Ngms,

Apologies if I have suggested you bought in the 50's and sold in the single digits - for some reason I thought I had read that.

But others like Tournesol did; ergo my comment readily applies to him.

[thegreatgeraldo] 20/12/2020 16:11

deltalo
20 Dec '20 - 16:07 - 22298 of 22298
0 0 0
, the fact here is the asset's value is still over 800m,

........ That's a Frank fact!!! Just for fun, care to show your workings?

[fat frank] 20/12/2020 16:09

TGG; You really are a moron. This is what I posted yesterday:

'Fat Frank20 Dec '20 - 12:38 - 22271 of 22297
thegreatgeraldo "..& a bit of a wiz on the short term trading front too..... no wonder he was trying to talk this up given he apparently picked up 5 million at the bottom......"

You are an idiot. Look at the number of HUR shares traded over the past 4 weeks and the share price. A lot of people have made a decent profit. I obviously think/hope there is a chance of some recovery in HUR so why on earth would I not buy more at rock bottom price? My mistake was that I didn't quite buy at the absolute lowest and I wasn't going to sell.'

So as I previously said I did not buy at the absolute bottom. But I didn't do badly and, unlike you, I would congratulate anyone that did better. I'm sure there are many.

[deltalo] 20/12/2020 16:07

What is your motives to be posting negativity all w/end I wonder, what do you get out of it is what I'd like to know, the fact here is the asset's value is still over 800m, like it or not we're in an area where equity is many times higher than the mkcap, simple as that, even with the BH it's still many times the mkcap value plus are 50 percent share in spirit energy blocks. Your not seeing the real picture here that the board want the major stakeholders to finance the 7z and 6 wells and "not" to dilute us as its not in their interest to do so For me I'd like spirit to buy us outright and so they have 100 Percent for a reasonable 500m+. That's very possible and so a 50m mkcap is just highly undervalued. Dyor and enjoy Christmas all.

[thegreatgeraldo] 20/12/2020 16:03

Fat Frank
20 Dec '20 - 15:51 - 22290 of 22291
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Checking my H&L trading notes I bought at 2.84 and sold at 4.14. Net of costs.

,,,,,That story works.... so you didn't buy at the bottom.... when you mentioned you'd bought some more

ON

30

NOV


....& you missed a bit,

Fat Frank - 30 Nov 2020 -

Now I will be honest and state here that I have bought some to reduce my average but I have not used all my available funds



...... Nothing wrong with trading/gambling if that's your thing, but it does explain your posting....... & if you choose to disclose your bets,why not be totally open, rather than telling bits of the story?

[yasx] 20/12/2020 16:02

Ngms,

What strategy. You highlighted the principles of Buffett for FF to follow - you show me one scintilla of evidenced to suggest that Buffett would or has ever recommended such a baffling strategy as that to which you adhere.

No portfolio should ever be entirely focused on one sector - never. It is as simple as that. Doing so will inevitably lead to substantial losses at some point if fully invested. For instance, earlier this year oil and oil shares tanked. Anyone fully exposed would not have remained solvent.

[ngms27] 20/12/2020 16:02

YasX, I for one didn't lose 90%, perhaps you should check on here when I was posting about the water and reference my buys at 16p and in the 30's

[yasx] 20/12/2020 15:57

Readers ought to know that this brigade that are on here claiming to be experts are a group from Motley fool from some years ago - they used to equivocate and gyrate in a similar way on there, and on the rare occasion I looked in (usually to use them as contrarian indicators) it was the same old drivel - all backing one view, no criticisms or concept of risk, not learning from their mistakes after repeated failures.

A reader yesterday questioned the motive for unyielding and relentless contributions from this lot, notwithstanding the fact that have indicated they will no longer submit posts. The answer is not that they are paid by a hedge fund as someone suggested (ludicrous assertion), nor that they are here to influence the price (a few readers on ADVFN can hardly do that on a Co with this market capitalisation. No, the reason is bitterness - they have lost 90pc plus, are agitated by the Board or former members of it (Trice in particular) and now ventilate their frustrations in an attempt to console themselves that by proclaiming to be right it will be a moral victory to soothe their agitation.

One of them referenced ICD classification for psychiatric symptoms and I suspect they will fall into one of the defined disorders.

[ngms27] 20/12/2020 15:55

Yes yasX, I believed Mr Market was valuing HUR wrong and Dr T was right. I do however operate concentrated conviction portfolio's, my strategy was published by the Times/Pitman a number of years ago. It's volatile but longer term has materially beaten the market.

My current portfolio consists of:
TXP bought around 70p now 125p
PANR bought around 31p now 39p
JSE bought around 55p now 58p

That's why I watch this sector closely, even shares I no longer or may never have held. If I whiff trouble I'll be out like I did with HUR when the water started coming through and clearly in my opinion wasn't perched.

Sure I have losers everyone does. If one out of the current three multibags and two go bust I still beat the market. This method isn't for widows and ophans!

Edit: Yas, 55p was a smallish top up as I believed HUR would be bought out within months of the EPS starting. I bought some as low as 16p, and more in the 30's.

[thegreatgeraldo] 20/12/2020 15:54

Fat Frank
20 Dec '20 - 15:46 - 22288 of 22290
0 0 0
TGG: I will say this very slowly for you:

I

DID

NOT

BUY

ON

30 NOV

I POSTED ON 30 NOV STATING THAT I HAD BOUGHT FURTHER SHARES AT THE LOWER LEVELS

Got that...... got that ages ago..... from your origin
al post.