Hurricane Energy Share Discussion Threads

[kaos3] 22/12/2020 09:24

1. information put out by Dr T - was confirmed by all kinds of "expert bodies" ???? not woefully inaccurate probably
2. is it the same water as it was when the info was put out? (perched at the beginning before the water started to be sucked up)
3. connectivity is good - looking at the wells communication
etc

it is easy to take a p.... on just one person who did it all and can not defend himself and omitting all surrounding armies of experts who said yes to his work

all imho

[thegreatgeraldo] 22/12/2020 09:16

kaos3
22 Dec '20 - 09:04 - 22476 of 22478
0 0 0
it is going up on volume today which is fine - look the chart above - white bars - down on less vol -


....What was the volume yesterday & Friday?

[tournesol] 22/12/2020 09:13

Leoneobull

well that's something we can agree on - the information put out by Dr T and the rest of Hur's management was woefully inaccurate

> the water was not perched
> the fractures were not well connected
> the sub-surface model was not accurate and reliable
> Lincoln and Warwick and Halifax were not analogs for Lancaster
> resources were not billions of bbls

In fact almost everything we were told about the field and its geology and ability to produce was incorrect. It now appears to have been a basically delusional project.

I think that the brilliant and successful work involved in modifying and deploying the Aoka Mizu created a powerful impression of competence and expertise, strength and ability to prevail - a kind of noble heroic quest myth - which permeated our thinking and made us more credulous. I, like you, was taken in. I think I'm probably less forgiving than you about that. I hate being duped. And I beat myself up about it precisely to help me avoid being duped again by some other get rich quick scheme in future.

[laserdisc] 22/12/2020 09:08

re AMUNDSEN SPIRIT its very close now nearly lined up i would have thought

[kaos3] 22/12/2020 09:04

it is going up on volume today which is fine - look the chart above - white bars - down on less vol - up on more - and I like it

[laserdisc] 22/12/2020 09:04

steel off topic re subsea7 vessels Siem diamond etc out of Scrabster /sinclair bay they are towing equip to the Shell penguin field

[kaos3] 22/12/2020 08:50

it looks like the gap at 4 p will be closed - still good profits to be had

[bocase] 22/12/2020 08:49

Wow! Up on the day. Only another 23418586 days like this and I will be in profit!

[pro_s2009] 22/12/2020 08:48

Thats just one metric........

Debt levels.
Prospects.
Taxation.
License risk.

So many things go into a valuation, how many barrels they pump is just one part of a complex calculation.

Lots of people appear to stumble into holding HUR completely unaware of the debt levels - from many posts on here over the past few months.

Always as they say, DYOR !!!

[sbb1x] 22/12/2020 08:43

I was just curious to compare to Gkp. That pump 42000bpd and has a mkt cap of 230mPanr 210mTxp 250m

[pro_s2009] 22/12/2020 08:38

Sbb1x,

When you work out the valuation of PANR based on proven and prospective onshore oil resources. And then you work out the valuation of TXP based on proven onshore gas, and prospective onshore gas.

Then tell me how many TCF of onshore gas HUR have (its zero by the way), and how many barrels of proven/prospective onshore oil HUR have (its zero).....and then how much net debt TXP and PANR have (its zero by the way) compared to the massive net debt of HUR.........

By the way, as a rule of thumb its a 1 to 5 ratio for the value of oil onshore to offshore (eg 100m barrels onshore discovery is worth the same as 500m offshore).

Then we can compare valuations ??

[evilblues] 22/12/2020 08:38

I see our resident sunflower with his joie de vivre has popped his head out to spread more light and joy. Maybe you should change your moniker to mauvaiseherbe?

[ghhghh] 22/12/2020 08:31

ngms

The link you provided is nonsensical!

Only have to read down to

The median age of participants was 35 years (IQR 28–44 years),

The sample size was minute and statistically irrelevant. And the 62% was after 56 days!!!

Do you not understand that this link is meaningless?

[leoneobull] 22/12/2020 08:26

Gaming theoryAny views on what CA will do? The last time the share price was Beverley'd, they increased their stake markedly.

[sbb1x] 22/12/2020 08:25

Please tell us pro...

[leoneobull] 22/12/2020 08:21

As I've mentioned before Mr Tournesol, was working exceptionally long hours during that period and the crash happened very quickly. Hindsight is a wonderful thing, and I'm sure most would have abandoned HUR earlier if they had known.Example perched water. Had the firm not repeatedly made claim it was perched water, which several oilie types on these BBs agreed with (others did not) I'd have sold earlier and taken the hit.

[pro_s2009] 22/12/2020 08:18

How many barrels of oil do RMS pump for their market cap ? Or Tesco ? Or Apple ? Or Tesla ?

Valuations are based on the sum of all your assets (and massive debts for HUR)........ not on only one specific.

Your falling down the rabbit hole fast if thats your argument........


Read the WHI Ireland valuation on PANR :




And the latest FinnCap valuation on TXP :

[kaos3] 22/12/2020 08:18

well I am in a very nice % profit while you are discussing who is more wise clever and right lol

[leoneobull] 22/12/2020 08:17

Ok, if I had sold much earlier , I would have done the same. High risk for now, but a 50% fall in 2 days strikes me as being in oversold territory, wi path a tanker picking up a load and Brent at 50 USD

[tournesol] 22/12/2020 08:15

"some of us were stuck in HUR when the share price crash happened"

that's not true

you might have been "in Hur"

but you were not "stuck in Hur"

you had agency, you chose to be there

own it

it's only by owning your decisions that you succeed

[pro_s2009] 22/12/2020 08:15

Leoneobull........yes, I understand that.

At this stage you either grin and bear it - or you sell out and wait for the dilution to come (if it comes and its not end game sooner) - and then buy back in.

I might consider buying HUR...in the future.....but it will not be until the D4E and placing are done and all those shares are issued as whatever cheapo price they will be at......... because there will be a long period of indigestion following that as people take their 10% then 15% then 20% then 25% profit on those cheap shares.

[sbb1x] 22/12/2020 08:14

But how many barrels do they pump per day for that market cap...

[ngms27] 22/12/2020 08:12

Sure: https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)31604-4/fulltext

[leoneobull] 22/12/2020 08:11

Txp have made some great discoveries in the Caribbean..,but prior to that were selling oil in the Canadian sands for 10 usd a barrel, and not producing much either....I rear my case around turnaround stories