Hurricane Energy Share Discussion Threads

[jotoha2] 10/2/2021 09:08

When is CPR expected guru .

[btvitexcoinvxcryptowhale] 10/2/2021 08:33

Don't get excited til it's 7p Lol 3p this is just re settling 7p is still cheap Try 20p on news BT

[ngms27] 10/2/2021 07:55

For the record Professor I have never said Frank is ill.You're telling porkies again.

[tournesol] 10/2/2021 07:47

Hexalex

"….I’d say there is a significant chance of a multi bag from these levels... certainly more likely to double your money on this share than…."

That's not obvious to me. Could you show us your workings please?

[kooba] 10/2/2021 06:48

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[btvitexcoinvxcryptowhale] 10/2/2021 02:35

Anyway RNS

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[mhin2] 09/2/2021 21:56

Prof, it a positional battle played on the field of knowledge/analysis. I do not believe that most are `saviours', they each have their respective interests. As I have said Poo was a necessary, not sufficient condition. Ngms, I think, has said the same. Ngms has alluded that value will accrue to bondholders (that was when poo was in the 40's). The implicit assumption is that there is value!

The ultimate issue is can HUR survive, learn, modify and move forward in their extensive licence.

There are other factors in play, that is POO. POO is priced in dollars. Those that have not picked it up. there were 20% more dollars in circulation last year...I reckon there will be even more....hence POO and Gold prices...of course amongst other things...In the meantime POO keeps rising (nuts)

[leoneobull] 09/2/2021 21:56

Could oil hit $100? Oil prices could go as high as $100 a barrel next year on the back of "very easy monetary policy" and reflation trade, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg in an interview.All we need is some oil now.LOL!

[professor_sentimental] 09/2/2021 21:46

Why so many tickdowns

[mhin2] 09/2/2021 21:45

heialex, I agree. But I would not buy until we know where HUR are going (and with whom). In the meantime I read the knowledgeable skeptics (defined as derampers), and the optimists. For me, as I have said, a necessary (but not sufficient) condition was the oil price. Lets see what happens.

[heialex1] 09/2/2021 21:35

To me this is a clear high risk but potentially high reward share. Clearly you need to be prepared to lose it all, but I'd say there is a significant chance of a multi bag from these levels... certainly more likely to double your money on this share than on some very expensive looking high fliers (or lose it...)Your take your chances...So in very crude terms, it's worth a punt as any good news and this thing flies

[mhin2] 09/2/2021 21:33

In the meantime Brent is stabilizing above the 61USD point, seems crazy to me, but hey ho, its what HUR needed. I always though Saudi would make more money from a higher oil price than a low one with greater market share (past strategy, but I suspect Goldman Sachs has persuaded them otherwise)

[fat frank] 09/2/2021 21:23

Fair comment!!

[mhin2] 09/2/2021 21:12

Frank, I deliberately kept them high...better to be pessimistic on the free cash front. Even on my over inflated costs Hur is significantly cash generative...sustainability is the issue....if hur can show sustainability (which the new bod has intimated) then `bobs your uncle'.

[fat frank] 09/2/2021 21:10

From 11.09.2020 Update:

"Financial results

• Revenues of $81.9 million in H1 2020 from seven liftings of Lancaster crude (H1 2019: $22.5 million)
• Despite the significant volatility in oil prices during the period, the Company generated $21.9million (H1 2019: $6.1 million) of operating cash flow due to low cash production costs of $18.2/bbl (H1 2019: $24.0/bbl)"

mhin2: I think your production costs are a wee bit too high.....

[mhin2] 09/2/2021 20:23

just need Hur to keep producing, and develop a forward plan that is sustainable...lets hope there is sustainability ...if so...as the saying goes `bobs your uncle'...not long to find out, and good to see the shorts reducing. I am not sure USD 60 is sustainable, but oil keeps rising, and Hur building up their coffers. Surely hur could buy out the corporate bonds (current value) with their current cash position...ok that would leave no money in the coffers, but HUR would be debt free. Could to with stabilization, Lincoln on stream, forward plan, and a CPR that says the `kitchen sinking' was a tad pessimistic (did the BOD not say it was the worst case scenario...and well 6 may have problems in 2022).

Brent currently at 61.256 USD, good cash flow/profit for HUR, long may it continue!

In the meantime, one of the necessary conditions satisfied. We await news on the others.

Further, lets assume a cost of production as 30US and sale of 60US...30 USD profit at 11,000 bopd thats over 110m USD profit over the year (with 4 week shut down). Lets see where, and at what level, hur, production can be sustained...the BOD have intimated that there are prospects, and we know there is oil!

Short at your peril, CFD's well that is a risky proposition given the trajectory of Brent and the unknown future beyond the `kitchen sinking'. Would I buy more, not until some news...or indication of major buying (ie a leak/insider trading, which seems highly plausible given the way the share price has moved from its lows- that has been slow and subtle).

Lets see what transpires...NMGS is quite certain where hur is going....for me its the learning curve.

[professor_sentimental] 09/2/2021 20:08

NGMS been posting folks saying ur poorly again. Wtf. Hope u ok son

[kooba] 09/2/2021 18:28

Ah Ha ..well I understand there are some NDAs around the CB holders so no way anything leaking from there.

[ishy001] 09/2/2021 18:24

As I said HUR is not moving anywhere at the moment..I've just given you heads up with the shares I hold in HUR and XTR. That's all and choice is yours. Good luck.

[leoneobull] 09/2/2021 18:16

Kooba. Forward Work Programme my son

[laserdisc] 09/2/2021 18:15

The Company is making good progress on a proposed work programme

[kooba] 09/2/2021 18:07

Excuse my ignorance FWP? Friends With Privileges doesn't seem to fit??