Hurricane Energy Share Discussion Threads

[ngms27] 26/11/2021 08:25

You had one 10 days ago ffs

[wbodger] 26/11/2021 07:40

Post removed; incorrect.

[wbodger] 26/11/2021 07:32

Not good news on the Covid front though. Hysterical reaction to a new variant is weird. Phrases like "It could be ..." "has the potential ..." used in many news headline bulletins without waiting to see how it survives the northern hemisphere.

That reference to CA's way of reporting its five major components of NAV is misleading. It varies monthly by how many shares they have, the price of a share, as well as the valuation of other Holdings. Recently HUR has been in focus but only because they bought into the rise (price rise exaggerated by holding rise, not necessarily any more profit).

The extension of AM supply vessel needs an RNS. It is good news, thanks Laserdisk and Pisces.

[kooba] 25/11/2021 21:36

Agree , they're a bit stymied I guess for the next two offloads with the bondholders still there. If production is holding up and they move past bubble point without major incident think the plans come through with extending AM and moving forward with a solvent cash generative company past redemption..unencumbered. Still think the idea of it being a viable producer with massive tax losses as a vehicle or takeout for larger N Sea producer is well worth exploring. But it's quite possible to see a future now...sector ratings not great generally though under the ESG cosh...the world still needs oil and underfunding is holding production back , price outlook therefore pretty favourable as we hopefully move on from the pandemic.

[kooba] 25/11/2021 21:12

I get you , thought I'd simplify a bit ...absolutely correct there is no read through from the 30p value per CA share attributed to Hurricane and Hurricanes value itself.

[laserdisc] 25/11/2021 18:31

the market has a pessimistic future outlook for HUR as if the bonds are not to be repaid . Until management inform the market of a plan for Lancaster and be upbeat for the future outlook, then we cannot move forward. The policy of batten down hatches and strengthen balance sheet cannot be forever seems presently they do NOT want further investors

[redpolo32] 25/11/2021 18:17

Yes that works even better .... point was, some LSE posters trying to imply 30p is where CA see Hurricane share price. This is clearly not the case.

[redpolo32] 25/11/2021 18:16

Yes that works even better .... point was, some LSE posters trying to imply 30p is where CA see Hurricane share price. This is clearly not the case.

[kooba] 25/11/2021 17:29

Crystal Amber had 27.3% of Hurricanes issued equity on 31st Oct..the share price closed at 5p on that day being the month end valuation.27.3% of the issued capital of 1992m ( market cap tad under £100m then ) is 543m shares held ..slightly up on last reported holding in company in Oct of 540,750,000m .543m shares at 5p is £27.2m that represents 30.7p of Crystal Ambers NAV on that date.Straight forward valuation based on share price at month end...no magic the 30.7p relates to value of hurricane holding per CA share.

[laserdisc] 25/11/2021 17:02

Thanks redpolo32 present mkt cap hur @86m
shipwatch maersk forza will be back on Lancaster tomorrow will have a look at tracking then, it was a week out at old 4z last time it was on site, noticed a bit of survey work also continuing back to am as weather was calmer for those interested should be around 60°11.198'N 003°51.207'E
ALSO LEFT ABERDEEN 25 NOV 21 12:33 GRAMPIAN SOVEREIGN TO AOKA MIZU, OFFSHORE OILFIELDS

edit my notes 26/11 3 am forza @ 60.17083° / -3.843113°

[redpolo32] 25/11/2021 15:30

Its CA net asset value for their holding. So based on their book value of 155.8p, 30.7p is attributable to Prem, or 30.7/155.8 x 100 = 19.7% of CA's total net asset value.
Based on 83m shares in issue this equates to 83m x 155.8p x .197 = approx £25.47m. As they hold 27.3% of Hurricane this in turn puts the net asset value on Hurricane in total as (25.47/27.3) x 100 = Approx £93.3m
Hence, the 30.7p has absolutely nothing to do with hurricanes share price. I fear some are trying to mislead on the LSE board. Keep in mind also CA's shares are actually trading lower than 155.8p.

[pensioner2] 25/11/2021 14:28

It's the amount of value in the CA share price for each holding I believe.

[laserdisc] 25/11/2021 13:02

yes its not their average , if you look at de la rue probably you could have bought for 42p before the rise market obviously not reflecting potential the net asset value at crystal amber

[jam2day] 25/11/2021 11:34

What's that 30.7 p per shareCan not be their average having bought so many at low low prices

[laserdisc] 25/11/2021 09:24

Re tankers update daily, latest watch is altera wind ingrid knutsen Scott spirit

[cashisking76] 25/11/2021 09:05

Interesting reading:

[pensioner2] 24/11/2021 13:51

I'm surprised there hasn't been a lot of buying today after that supply vessel contract emerged yesterday.

[pisces21] 24/11/2021 06:32

The next tanker will be due at Aoka Mizu next Monday.

[laserdisc] 23/11/2021 19:27

Tanker watch started LAST RNS next cargo is expected to be lifted in late-November to early-December 2021.
vessels so far this week been seeking shelter mixed bag of weather will know more this week end

Presently Altera wind off Aberdeen
ALTERA wave at Lerwick Scott spirit & jasmine knutsen also worth watching

Deep ocean maersk forza vessel ad hock to carry out further work 4z seabed Nov till Jan 22 destin to leave Kirkwall on Thurs previously was over 4z on 23/11 to Sun 7th Dec.. 8 days costs so far as i see it, with possibly some survey

nice price of brent


info on fuel gas compressor

System capacity:
4474 Nm³/h

Differential pressure:
15 bar(g)

Scope of supply:
One (1) skid mounted electric driven screw compressor package, comprising
of:

GEA compressor, type Grasso RA M14T 52
Electrical driver

[laserdisc] 23/11/2021 19:16

NORTH STAR SHIPPING (ABERDEEN) LTD own this supply vessel.
Hurricane first contracted this supply vessel back in 2018 on a 12mth contract. Its been the main supply vessel since AM went live, we have had additional supply vessels on spot when we had the rigs. We probably get a good rate in view of the continuity

[fat frank] 23/11/2021 18:54

Supply vessels are always available on the 'Spot Market' for single trips

[kooba] 23/11/2021 18:39

Significance of supply vessel ? Are supply vessel agreements for minimum 1 year or can they be shorter ? The company has committed to a post redemption contract but maybe had no choice ? Not an area I have a clue about but if they have chosen 1 year with 1 year option , that was the previous contract then it could be seen as a positive that they are anticipating an extension and post existing contract production ?Thoughts from the likes of laserdisc appreciated.

[kooba] 23/11/2021 17:44

And brent highs of the day big turnaround and the market has been caught with a rather muted SPR release...OPEC will do nothing to dampen demandIF IRAN DOESN'T COME BACK, OIL MAY RISE ABOVE $90: GOLDMANBit of a cold snap and new multi year highs coming.