Hurricane Energy Share Discussion Threads

[bearnecessities33] 15/10/2021 11:25

“Outlook brightens for Shetland oil pioneer”:

[tradoil] 15/10/2021 08:55

Walter ...

[officerdigby] 15/10/2021 08:44

I'm not sure. Are we allowed to break _p today?I'll have run this by the AIM oil 'eye of Sauron' ngms...

[ihavelosteverything] 15/10/2021 08:40

ngms2715 Oct '21 - 07:01 - 30560 of 30567 (Filtered)

I am embarrassed on his behalf.

[linz22] 15/10/2021 07:52

..$90 by the end of the month, rather.

Edit: still $100 bbl nailed on for year's end.

Thereafter, during and following the northern hemisphere winter, how long's a piece of string..?

[sji] 15/10/2021 07:50

Linz22 - the higher POO stays, the better! However, as a person, I am always a bit conservative even though always positive and optimistic. IMO, oil at $85 is already enough for HUR to successfully get over this challenging period. But each additional $1 increase in POO adds c.$10k daily to HUR's finances. So, let's hope for the better!

[mirabeau] 15/10/2021 07:40

Superb for Hurricane and its debt destruction strategy -

I also reckon HUR have a gas strategy -

--

Goldman Sachs says oil prices could be higher for much longer

Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, said Damien Courvalin of Goldman Sachs.

“This is not a transient winter shock like it could be for gas. This is actually the beginning of a material repricing higher for oil,” he told CNBC’s “Street Signs Asia” on Thursday.

“The fundamentals actually very much support the view of higher prices than we’ve seen, pretty much since 2014,” he said.

Oil prices could stay at higher levels in the years to come as demand rebounds while supply remains tight, according to Goldman Sachs’ head of energy research.

Damien Courvalin, who is also a senior commodity strategist, said the market fundamentals warrant higher prices and that the bank’s forecast for Brent crude is $85 per barrel for the next several years.

“This is not a transient winter shock like it could be for gas. This is actually the beginning of a material repricing higher for oil,” he told CNBC’s “Street Signs Asia” on Thursday.

Goldman Sachs’ base case is for Brent to hit $90 per barrel by the end of the year.

U.S. crude futures were up 1.26% at $81.45 per barrel, while international benchmark Brent crude futures gained 1.24% to trade at $84.21 per barrel on Thursday afternoon in Asia.

The oil market is in “the longest deficit we’ve seen in decades,” and demand will continue to outstrip supply in winter, said Courvalin. The lack of upstream investment in oil supply while demand grows points to “sustained high prices” at least in the year ahead, he added.

[linz22] 15/10/2021 07:38

sji - : current and recent oil prices should by no means be considered "high levels".

$85 bbl is still rock bottom, still somewhat comparable (post 'QE' to infinity) to the $11/bbl of the 1999 oil price crash.

20 years on, then, that's why there's so much realistic upside potential in oil, and other consumables, right now - not least as per the supply and demand dynamic re energy, as Covid hysteria wanes.

Value in oil and other commodities right now is hidden in plain view...

[ngms27] 15/10/2021 07:35

The early bird catches the worm and you've been caught.

[kooba] 15/10/2021 07:31

Aminex huh fully funded huh..the Group is required to source additional funding during the 12-month period to have sufficient capital resources for a period of 12 months from the date of approval of this annual report. It is the expectation of the Board that the Group will source this funding via an equity placement under its disapplication authority. The ARA loan agreement is not yet executed and, whilst the Board fully anticipate its completion, such funding is not guaranteed by ARA under the terms of the loan agreement.

[tradoil] 15/10/2021 07:20

You're up early today Walter . Do you get to play on the swings and roundabouts with the other toddlers on a Friday ?

[ngms27] 15/10/2021 07:01

Aminex is fully funded to production and drilling an appraisal on what is likely a 1.3Tcf structure ( Aex 25%)

Hur has another year at most on Lancaster then it's dead Jim

[sji] 15/10/2021 06:28

POO holding really well above $80 - currently, just above $85! The more it holds at these high levels, the better are HUR's prospects to survive this challenging period until bondholders are settled.

[wbodger] 14/10/2021 20:08

Aminex? Death Spiral. Seemingly approaching its Event Horizon.

Bad time to take wild punts on almost bankrupt companies. Take my advice, stick to safe bets like ... Hurricane Energy Plc (AIM, HUR.L), 11000 barrels a day light, sweet 38° oil via reliable FPSO in West of Shetland, equates to 4 million barrels in a year. Current Market Cap of £90 million.

[ngms27] 14/10/2021 16:18

Yes, and may have funding for development in the coming weeks.

[marmar80] 14/10/2021 16:06

RKH, do they still exist?

[ngms27] 14/10/2021 15:54

Sure I have new holdings in AEX, CHAR and RKH. First two slightly down, RKH slightly up but these are initial positions that maybe added to with news flow.

[boom boom bang bang] 14/10/2021 15:54

SAE is moving guys

[wbodger] 14/10/2021 15:35

Given up on AEX, then. I think that was in your last lot.

Not before time. What price did you pay?

[officerdigby] 14/10/2021 14:35

O/T nGms guru. Svengali of AIM oil.Not tempted by GKP now days then. 20% Divi cash etc.

[tradoil] 14/10/2021 14:28

Righto Walter ....

[ngms27] 14/10/2021 14:26

PANR bought at 28p
TXP bought at 78p
JSE bought at 52p

With HUR I bough around 14p topped up along the way, even buying at 55p but sold the lot in the low 30's when water became an issue. You never win them all.

Soco no PHAR was my best trade to date, over 20 bagged. DNX 15 bagged, GKP over 10 bagged.

[tradoil] 14/10/2021 14:13

Judging by your performance in hurricane I presume in hasn't been that lucrative ....

[kooba] 14/10/2021 14:08

Academic knowledge and being a private punter with an agenda are not the same thing you do know?Relevant oil sector qualifications?