Hurricane Energy Share Discussion Threads

[ngms27] 14/1/2021 08:16

Looks like a few liked the mild weather and put their shorts on.

[kaos3] 14/1/2021 08:11

steve73 - indeed - no future plans - I ll sell into the strength those bought at 3p

to reload later - as I still think there is lots of profitable oil down there (only for whom)

[sbb1x] 14/1/2021 08:10

https://www.bloomberg.com/amp/news/articles/2021-01-08/wall-street-is-the-most-bullish-on-commodities-in-a-decade?__twitter_impression=true

[pro_s2009] 14/1/2021 08:09

Day traders already bailing out........made their quick 5% or 10%.

[sbb1x] 14/1/2021 08:07

OIL MARKET: After Goldman Sachs (and others), now JPMorgan also anticipates higher oil prices much earlier than expected, forecasting Brent rising above $60 a barrel by 2Q 2021 and reaching $68 a barrel by the end of the year | #OOTT https://t.co/EqnCtM61bO

[sbb1x] 14/1/2021 08:07

EIA week ending 8 Jan 21Crude oil: -3.2MCushing: -1,9MGasoline: +4.4MDistillates: +4.8MProduction: 11M (+0)Refiner utilz: 82.0%Impld mogas demand: 7.53 Mbpd#Oil #OOTT #EIA #Crudeoil

[whitedukejay] 14/1/2021 08:06

Well spotted Pro you noticed it opened up ,fing genious

[sbb1x] 14/1/2021 08:06

Oil just been upgraded to 68$ in 2021

[ngms27] 14/1/2021 08:05

Agreed the oil price is having a massive impact short term. Medium/Long term it's still a case of dwindling production and the day of reckoning getting closer for equity.

[sbb1x] 14/1/2021 08:04

Back to 5s

[sbb1x] 14/1/2021 08:04

Cash build is excellent, way undervalued down here

[pro_s2009] 14/1/2021 08:03

Going to be a day trader day today........spike it up early and then they all sell during the day as the price comes back down.

[sji] 14/1/2021 07:58

ngms27: In a couple of months, HUR's financial position is likely to improve by $40-50m, providing more financial power to do remedial action. All depends on the price of oil.

CEO says" ... A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio." Much better than warning on shareholder's dilution!

[ngms27] 14/1/2021 07:56

I agree Steve, why no mention of talks progression with Stakeholders?I'd think they would have to start issuing tenders etc very very soon if they have any hope of drilling 7z sidetrack this year.

[ngms27] 14/1/2021 07:53

No I stated that my model suggested less than 10k bopd production by the end of January.It may have been out by a couple of months. The trend is clear.

[cobra kai] 14/1/2021 07:52

Sensei has ordered

Sweep MMS legs all the way to 5p. First knockout stage WON.

Do or Die
Cobra Kai

Strike First
Strike Hard
No Mercy.

[pro_s2009] 14/1/2021 07:51

I have had my say..........this is all about water cut.

Turning the pumps on initially will lower water cut, but then the water cut increases at an increasing rate. Look back at well 7.

18th Dec 23% pump on.

14th Jan 25% pump on.

Mid Feb expect 30% ???

Mid March 37% ???

Mid April 45% ???

The simple fact is, the pump is on, they are reducing flow rates to try to limit water cut increase.......but its increasing. There is nothing left to do now....just lower production and try to keep water cut increase as low as possible. But its looking like only a matter of months now before it gets up to 50% levels.

[steve73] 14/1/2021 07:47

Strange no mention of forward work plan since this is what their entire future depends upon....

[whitedukejay] 14/1/2021 07:47

The doomsayers are obviously eagerly awaiting the opening share price before they comment.They havent a pot of glue.

[mhin2] 14/1/2021 07:46

first half positive rns for ages...lets see how things unfold

[pro_s2009] 14/1/2021 07:43

No.......read the 18th Dec RNS.

With pumps on 23%

18th Dec 2020




Now 14th Jan 2021 Todays RNS its 25% with pumps on.


This is the same way that well 7 went, at this rate with the pump already turned on it will only be a matter for 3 or 4 months and water cut will be approaching 50% levels in my opinion. The rate of increase increases rapidly based on well 7 performance.

[sji] 14/1/2021 07:43

In our previous RNS (18th December), the CEO clearly mentioned that there could be significant dilution of ordinary shareholders. Today, he seems much more positive. Why? Because the situation in general is improving. We should have the next cargo lifting (20th) by end of January 2021 which, all other things being equal, should improve again our Free Cash Flow by a further c.$20m! That is almost 9% of what we owe to bondholders in 18 months time!

ngms27: Back in September, you had told us that by January 2021, HUR would be producing less than 10k and it would be uneconomical (so practically bankrupt), something you insist in saying for your own reasons. Since then, production is still at 12.1k (intentionally, restricted by HUR) and profitable! If oil price holds or even improves for the next 6 months, we should be in a much better position to deal with the bondholders.

[leoneobull] 14/1/2021 07:40

Morning miserable gits. WC looks relatively stable. Chart suggests Q3 - 26%, Q4 - 25%, current 25%

[ngms27] 14/1/2021 07:32

Limping badly now. How long before the leg drops off?