Hurricane Energy Share Discussion Threads

[leoneobull] 14/1/2021 18:26

The Aoka Mizu was custom built for HUR. The market isn't that buoyant for FPSOs....I'd have thought bluewater would be desperate to do HUR a good deal. Keep the lights on I say

[ghhghh] 14/1/2021 18:09

Tournesol

If you think about it, the owners of the Aoka Mizu are in a massively strong negotiating position wrt renewal/extension.

Interesting comment. I was thinking the opposite! Not disagreeing with you although 'massively' must be an exaggeration.

I just can't see a quick bounce back re new O&G CAPEX.

[tournesol] 14/1/2021 17:46

Monkeybusiness

PPS

I'd like to remind you what you said a few posts back

"...Please be factual, cordial, and certainly allow for all opinions here if you wish others to respect same…"

[tournesol] 14/1/2021 17:26

PS

If you think about it, the owners of the Aoka Mizu are in a massively strong negotiating position wrt renewal/extension.

The original lease contract was creative/innovative with a sharing of risk/reward by both sides. The owners of the AM accepted a low lease cost coupled with a share of what they expected to be super-sized profits.

At renewal their position will be very different. They will no longer be hopeful of sharing in gigantic profits so will have no incentive to moderate their prices.

And worse than that, if the oil price is resurgent then the global demand for vessels like the AM will be strengthening. They will be in a sellers market with a queue of eager buyers. Hur will have to pay a much higher price than before.

[whitedukejay] 14/1/2021 17:22

"Exactly as I said it would be.."

You are the man Pro up 6% when you posted and closes up 3.6% hardly wizardry,any more golden nuggets we can all ignore.

[thecomposer] 14/1/2021 16:06

Oil prices are now clearly lot higher than what they were in December which for HUR, resulted in an incredible “$19 million increase in net free cash at year-end compared to end November 2020” all in just 1 months, so now imagine with Brent prices where they are today and potentially still rising, where HUR liquidity position and resulting company balance sheet will be by this year end, and bonds are not even due till 24 July 2022, DYOR!

[kaos3] 14/1/2021 14:27

not unlike other respected posters lol

[pro_s2009] 14/1/2021 14:21

Exactly as I said it would be........day traders spike up then selling during the day and down it goes.

HUR is now a plaything for the desperate bottom fishing falling knife catchers and the short 5 minute, 10 minutes, 1 hour, 8 hours day traders.

Buy in, post like mad, try to ramp the price up, give up, sell off....disappear again.

[canetois] 14/1/2021 13:44

Let's pray that the new set of Competent Persons are rather more Competent than the first lot. Though I wouldn't mind if they exagerated a little just long enough for me to bail out as the result as quickly as possible.

[hiddendepths] 14/1/2021 12:07

Maybe they're not giving production guidance until they've taken a look at the CPR.

[ngms27] 14/1/2021 12:00

Ok found the CPR reference from 18th December:Hurricane recently appointed ERC Equipoise Limited as its Independent Competent Person and reserves auditor. A Competent Person's Report covering the Company's West of Shetland assets is still on track for completion by the end of the first quarter in 2021, at which time updated estimates of Lancaster reserves and resources will be available, together with updated resources estimates for the Company's other assets.

[tradoil] 14/1/2021 11:37

Good to hear . You're not all bad .

[ngms27] 14/1/2021 11:35

I'm an animal loving, tree hugging vegetarian who would actually swerve his car to avoid a crane fly or any other living animal.I'd never pull legs or harm one in any way.

[tradoil] 14/1/2021 11:32

When you consider by their own admission they are uninvested , it's just simple narcissism. An unattractive trait I would offer . Any credibility they may have once had due to offering a balanced counter argument is now rendered irrelevant due to obvious self interest and I hasten to add rather unseemly underlying motives and sentiment. We all know the kid who pulled the legs off the crane fly... lonely life I suspect.

[ngms27] 14/1/2021 11:29

Did I miss the RNS where they are obtaining another CPR? Or as ghhghh put it CRP. Well Paul you missed a letter out, care to guess what it was?Clue it's linked to Samantha Morton's character in the Walking Dead which I think is quite apt.

[pro_s2009] 14/1/2021 11:21

Whats the year end DEBT level ?


Note that HUR have now not given any production guidance going forward into 2021.

This means imo, they know oil production is going to continue down and water cut is going to continue going upwards. And likely at an increasingly alarming rate.

Why are they shy of offering production guidance ? Why not say guidance for Q1 2021 is 8000 bopd per day average ? or 5000 ? or 3000 ? or 10,000 ?

That is another simple giveaway they have very little confidence in being able to predict what will happen next with the rising water cut. If it goes like well 7 did, it will likely be near 50% water cut in a few months.......

What they dont say is often more important than what they do say.

All IMO, DYOR !!

[sji] 14/1/2021 11:20

I would agree that before we get the CPR, we are all speculating the outcome here. However, reading the December RNS and that of today, I sense a substantial change in the CEO's tune.

In December's (and in all his previous RNS's for that matter), he sounded VERY conservative. In today's RNS, he mentions "the significant value we see in our West of Shetland portfolio". Since the CPR exercise has been going on for several months, I guess that he is being constantly updated on the results and he is becoming /sounding more confident as time passes, no?

[cashisking76] 14/1/2021 11:15

“Year-end net free cash1: $106 million, compared to $87 million at 30 November 2020”

Truly Outstanding & Timely Update, and a Game Changer for the currently way undervalued/oversold HUR as oil prices continue to rise/gain momentum, thereby, further adding to much needed HUR revenue/net free cash as significant tailwind for any stakeholder negotiations, GLA.

[tournesol] 14/1/2021 11:13

Leoneobull

...To revel in other people's misery….

I haven't seen anyone here doing that.

There are posters here who seem to be frozen like rabbits in the headlights. Some of us have managed to get to the side of the road and instead of hopping off, have stayed to urge their brethren to unfreeze and get out of the danger zone. That's not schadenfreude. That's trying to help.

Your friends are the people who tell you the truth, not the ones who simply urge you to stay still whilst danger approaches.

[sbb1x] 14/1/2021 11:01

Big buyer just cleared out scared sellers, now time to move up