Hurricane Energy Share Discussion Threads

[leoneobull] 23/2/2021 07:14

Which sicko voted down post where I mention to people died of CV? Some people ought to get a life.

[kooba] 23/2/2021 07:09

Maybe the great wait for a plan is every time he does his forward financing models and return on capex Brent jumps again , over $65 this morning , not the worse problem to have if he knows how/where to extract more oil I guess!If one takes say $28 as all in production cost , back in Dec kitchen sink update oil was $48 so they were making $18 a barrel now $37 ..twice the profit margin it seems.

[steve73] 23/2/2021 06:51

According to this link there is still around 7% of global supply shut-in. I think all the talk of $100-150 oil is a little premature.

[leoneobull] 23/2/2021 05:28

There's more to life than HUR. Indeed, especially when one has sold out quite some time ago. Time to move on, chaps?

[leoneobull] 23/2/2021 05:27

I know 2 people ....relatives of friends and colleagues that died from CV19. Yes, the health consequences of CV restrictions mon non-CV are also serious. That doesn't diminish the CV threat.

[tournesol] 23/2/2021 00:45

Hi NGMS

We know 3 people in our circle who have died of COVID - all had pre-existing medical conditions - one extremely obese and breathing problems, one 93 and not well, other 85 and frail.

We know 5 families where the entire family has been laid low by the virus - mostly via family members who are doctors or nurses and brought it back from work.

I was vaccinated a fortnight ago so am feeling optimistic at a personal level…..

[ngms27] 22/2/2021 22:57

I've lost two friends to cancer in their 50's in the past 4 months. Both only survived around 6 weeks from diagnosis. Couldn't even go to funerals as limited numbers meant family only.I still know no one who has died with Covid. I had the pleasure of it at the end of December.There's more to life than HUR.

[mhin2] 22/2/2021 22:43

Is it still the case that 7z can still be brought on line if need be...we certainly have not been informed otherwise. Also what about Lincoln? The economics have/are changing in this poo environ. The doubt I have is whether POO is sustainable...nevertheless the dollar seems to be going one way (as it should). I suppose more dollars makes buying/paying corporate bonds easier.

[mhin2] 22/2/2021 22:28

all hur need do is show there is considerable value...lets see if they can justify their assertions! If not they are worse than Trice, at least Trice believed...

In the meantime the sceptics did not anticipate such a rapid turnaround in POO, which may turn out to be Hurs saviour.

The shorts may be getting a bit twitchy...What did Alex Ferguson call it...oh yes...`squeaky bum time..'

Not long to go

[leoneobull] 22/2/2021 21:30

Goldman Sachs is now even more bullish on oil, expecting Brent Crude prices to hit $75 a barrel in the third quarter this year, on the back of faster market rebalancing, lower expected inventories, and traders hedging against inflation.In a note on Sunday, cited by Forexlive, the investment bank's analysts forecast Brent Crude prices reaching the $70 a barrel mark during the second quarter of this year, and hitting $75 in the third quarter. Goldman Sachs is thus lifting its previous Q2 and Q3 forecasts by $10 per barrel."Faster re-balancing during what was expected to be the dark days of winter will be followed by a widening deficit this spring as the ramp-up in OPEC+ production lags our above-consensus demand recovery forecast," said Goldman Sachs."We further believe that this additional rally will be supported by the current repositioning for a reflationary environment with investors turning to oil, buying a lagging real asset that benefits from a stimulus-driven recovery and has demonstrated an unmatched ability to hedge against inflation shocks," the analysts noted.Goldman expects the lower inventories will lead to an oil price rally sooner and at higher price levels.

[leoneobull] 22/2/2021 21:26

Https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Sees-75-Oil-In-Q3-2021.htmlA sidetrack well would be ideal if it could help us knock out a decent amount a day at 75 usd. Enough time to get a new Lincoln well drilled too, perhaps? BRENT increase is a game changer in opening things up. Pray for a decent CPR! Xx

[leoneobull] 22/2/2021 18:25

Yes, no production guidance, but still a huge amount more being produced by most AIM dross. FWP needed, but good delay in finalising it as financial position improving

[tournesol] 22/2/2021 18:02

Off topic

Busy decluttering my archives and just chanced upon a portfolio analysis from 2004, showing 81% of my funds in E&P's

Burren, Centurion, Dana, Hardman, Oilexco, Petroceltic, Premier.

What happy and uncomplicated days those were.

I wonder if I'm simply suffering E&P fatigue these days? Certainly not positioned to benefit from the strengthening oil price. Must think about that.

[jotoha2] 22/2/2021 16:57

Should bounce now , took another wedge today.

[htrocka2] 22/2/2021 16:11

Some reading material...





HTPPS://uk.advfn.com/stock-market/london/premier-oil-PMO/share-news/Premier-Oil-PLC-Result-of-Creditor-Meetings/84396309

[btvitexcoinvxcryptowhale] 22/2/2021 14:48

Rns maybe?News in my mate says Mate of a mates a broker BT

[cashisking76] 22/2/2021 14:46

Brent is again flying.

“Oil Prices Rise Amid Slow U.S. Output Recovery”:

[ngms27] 22/2/2021 14:27

Except that they haven't issued production guidance post 31st December 2021.

[thegreatgeraldo] 22/2/2021 14:21

Cappajumping
22 Feb '21 - 13:50 - 23863 of 23863
0 1 0
I get it ngms. If prod had slipped below consensus they would have had to issue a profit warning, they havent. So 10k in my opinion is conservative ......but how long does the prod last at that level is the big question,

...Company guidance is bordering on incoherent. From the famoius update in Sept '20..

...."remaining 2P reserves at 1 September 2020 are estimated at 9.4 MMbbls (subject to economic limit test)."

.....We have to wait & see what the revised CPR has to say...

[cappajumping] 22/2/2021 13:50

I get it ngms. If prod had slipped below consensus they would have had to issue a profit warning, they havent. So 10k in my opinion is conservative but how long does the prod last at that level is the big question, the oil price looks solid for the next 3-6 months as the world restarts.