Hurricane Energy Share Discussion Threads

[thegreatgeraldo] 15/1/2021 12:03

Euroclear currently says around 3.8% of HUR stock is "on loan".

..Cheers...so not a large short position, even less so when taking account of some CB hedging.....

..suspect shorts will continue to be a feature of chatter here though!!

[pro_s2009] 15/1/2021 11:57

Euroclear currently says around 3.8% of HUR stock is "on loan".

However, one would assume some part of that may be the Bond Holders hedging their positions.........long CB and short Equity,

[ctc1] 15/1/2021 11:56

The only interest I see is that of attempting to drive private investors out of this stock.

[whitedukejay] 15/1/2021 11:49

HaHa applying kruger to the BS written on a message board you cant make it up,hope the OP overcomes it soon.

[tournesol] 15/1/2021 11:36

ctc1

"These negative guys either have a massive grudge or deep financial interests."

OR

They are interested in investment, have a particular interest in the E&P sector and are interested in the Dunning Kruger effect and its materialisation in investor behaviour.

[thegreatgeraldo] 15/1/2021 11:31

Vijaymeher
15 Jan '21 - 11:22 - 22896 of 22897
0 0 0
Well those shorts need to close at some point and many are holding on for that.

..Somebody was wittering about shorts yesterday as well. Any idea, if there is much of a short situation here, what sort of size it is?

[ctc1] 15/1/2021 11:25

These negative guys either have a massive grudge or deep financial interests.

[vijaymeher] 15/1/2021 11:22

Well those shorts need to close at some point and many are holding on for that.

[pro_s2009] 15/1/2021 11:01

Trouble on the HUR bulletin boards (if you read here and LSE) is that a lot of "falling knife catchers" tried to catch the HUR knife and have got themselves locked into big losses.

Seeing all the other oil stocks rise, they are quite bitter that HUR has not risen - however they did not invest on HUR based on research......they "gambled" on HUR in thats its fallen a lot so it must go back up then..........wrong.

It will be a lesson for quite a few of them......dont just buy something because its fallen down a long way, because it might go all the way to 0p value, and that applies to HUR as well.

If they cannot get funds to do the work they want - all the cash will be used to shut down operations and pay back as much of the debt as possible - leaving the share price at 0p for equity shareholders.

[pro_s2009] 15/1/2021 10:56

HUR is a company with a serious debt issue. A failing asset which has decreasing oil production and increasing water cut and reliant on a single well which....should there be problems downhole.....could stop overnight.

They are a company in the process of trying to get funds to do further work.

No CEO is going to say anything other than positives are they in this situation, as they need to raise funds.


You said his statement was "extremely bullish"........true. I simply said its also just an opinion by the nature of its words....and as an opinion, it is not binding and could be wrong or right.


Negative on HUR, yes. I lost some money on this when I sold at slightly over 30p on the way down. I keep a watch on it as it may offer some upside at some point, but that point is not at the moment, at the moment "I see" the situation as dire and desperate

[thecomposer] 15/1/2021 10:47

Pro_s2009: “and could be totally wrong.”

Sure, but/and could also be totally right, normally, we give more credence to the new CEO wording, unless we are of course Short HUR here which, I assume you must be with the constant only negatives.

[pro_s2009] 15/1/2021 10:30

TheComposer....

Its all in the words.........

"A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio.".


"We see"......means their opinion. It is not binding, it is not confirmed...its a view.


Had they said....... "A continued recovery in oil prices would further enhance the significant value THERE IS in our West of Shetland portfolio.".

It would be different.....but they only said "we see"......therefore its all speculative, opinion and could be totally wrong.

Always watch the wording !!!!!!!!

IMO, DYOR !!

[laserdisc] 15/1/2021 09:59

ngms27 presently restricted cash does contain a provision if they terminate outside the present contract clauses. Thats additional to the decom cash
i dont know if the incentive tariffs roll on after the 3 years , the extension clauses negotiated go back to when original charter was signed off , there were delays in getting AM up and running so operator was keen to get extension clauses then. aurelia energy are connected with all these fpso's

edit last accounts
Following start-up of production from the EPS, the Group is
required to set aside a certain amount of cash generated from oil
sales to cover some of the termination costs of the FPSO lease should
it wish to exit the charter outside of the contractually agreed periods.
At 31 December 2019, this amounted to $11.7 million and was classified
as restricted cash

[thecomposer] 15/1/2021 09:02

An extremely bullish sounding HUR CEO here yesterday: "A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio.". Hence with company CPR now ongoing for sometime, and updated report due to be finalised this very quarter, I wonder if this here is an early indication/prelude to a very positive upcoming CPR update post an incredibly brutal/strange September Kitchen Sink saga, DYOR.

[ngms27] 15/1/2021 08:29

Correct laser but any extension has to be signed a year earlier in June 2021 and commit to another 3 years.

[jotoha2] 15/1/2021 08:26

Agree , some so called experts are predicting no major fall in demand for oil for at least 40 years .

[leoneobull] 15/1/2021 05:53

Why oil will keep rising. Warning....LB is not responsible for rises and falls.in globaloil prices. GLA....invested.Https://oilprice.com/Energy/Oil-Prices/Why-Oil-Will-Keep-Rising-In-2021.html

[steelwatch] 15/1/2021 00:32

Well, I have to say I've had a gutfull. Bye.

[heialex1] 14/1/2021 23:31

It certainly won't get to the levels previously seen, but your point is a fair one. And if you're right, it could multi bag from these levels. As far as wild punts go, this is t a bad one

[laserdisc] 14/1/2021 19:32

my understanding re AM contract it was for 3 years from 1st oil so renewal contract would be 4th June 22

[leoneobull] 14/1/2021 19:20

1nvestPosts: 87Price: 2.716No OpinionFuture works and Convertible BondToday 16:42Currently Hurricane has over £100m in the bank. Producing in excess of 12,000 Barrels a day which will reduce over the year but strongly cash generative in view of price of oil. Side-tracking the existing 205/21a-7z well could maintain current production capacity or even increase it. This will deplete reserves but looks like sandstones could add to reserves. Development costs are currently estimated at c.$60 million and water injection at 75 million. In view of current price of oil dilution may no longer be on the cards and if it is very much on a reduced basis.Real potential for share price to increase which also lead to smaller dilution. Just need further reserves to put 2021 into a transformative year rather than share holder annilation. May still pull the rabbit out of hat!

[leoneobull] 14/1/2021 19:14

TTHG. I'm impressed you can now copy paste others' posts including the first letter of their name. A major improvement

[thegreatgeraldo] 14/1/2021 18:35

Leoneobull
14 Jan '21 - 18:26 - 22878 of 22878
0 0 0
The Aoka Mizu was custom built for HUR.

.....It was refurbed, at HUR's expense, to suit conditions at Lancaster (harsh weather, low GOR & low expected water cut)