Hurricane Energy Share Discussion Threads

[kooba] 19/12/2021 22:08

Hey easy on Nigwit he's our pet village idiot...though you are making a strong case for the crown. Fight !

[sentiment riles] 19/12/2021 21:40

How naive the gerbil is ...

[cashisking76] 19/12/2021 21:23

@kooba, Excellent 15:38 Post, and thoroughly Spot On! Nevertheless, we can still always receive a pleasant surprise here on GWA JV and/or OGA before 30 June.

[sentiment riles] 19/12/2021 20:59

When you close out, you are buying...

they were most of the rise, to reshort a rise

lol

[sentiment riles] 19/12/2021 20:55

Also the cost to borrow was ridiculously high

[sentiment riles] 19/12/2021 20:53

Half true NigWit

But what shorters do is scale

say you went short 60p. Well at 5p, there is not much percentage left. Close out

Then from 5p, there is 100% short profit available again

[cyrilsneer1] 19/12/2021 17:24

I do hope your right, I can't see CA buying much more as it will tip them over the 30% threshold.

[nicholasblake] 19/12/2021 14:56

The elephant in the room is that unless the bonds are repaid in full on 22 July the shares are worthless. At this stage it looks to be pretty likely repayment will be achieved out of production proceeds. But the Board needs to have a contingency plan to raise, say, $30m to cover all eventualities.

[back2basics1] 19/12/2021 14:49

Amazing how posters with absolutely Zero HUR shares frequent this bb even more than HUR shareholders which is usually a very good sign, time will only tell but for in the meantime, CA is still buying more and loading up, tracked Institutional Shorts here are at 0%, and CBs are amazingly trading at par, maybe a good time to top up!

[thecomposer] 19/12/2021 14:38

The Vigour and Speed at which the CBs are now being purchased here (along with HUR shares by CA) clearly spotlight a positive plan ahead/way forward; attractive Huge Company Tax Credits, Brent Price forecasts, Rising Cashflow from Decent Stable Production....all highlight same, now looking forward to that much anticipated AM contract renewal in days/weeks ahead, DYOR.

[monkeybusiness1] 19/12/2021 14:32

This was not even news, news would have been if/when they find investors for the JV, absolutely nothing has changed here, totally unnecessary RNS with six months to go towards something currently well assumed by the markets but nevertheless, may momentarily help CA buy even more shares here, lol.

[cyrilsneer1] 19/12/2021 12:15

It's bad news, we can't hide from it. anything put out at 18:30 on a Friday night when most peeps have switched off is normally bad news.I bet Maris got the news late, rubbed his hands together and couldn't wait to put it out.

[enfranglais] 19/12/2021 11:46

Not really, as anyone following HUR will have realised that & already discounted it!!
We are in survival mode & anything above 5% of nothing is the base & all dependent on the current well giving enough funds to generate a pot to allow a side-track or other income generator to spread risk.
This has been a red or black gamble since the court case & it could either be a total wipeout or a recovery back to low double digits if the well continued to produce around 9 - 10k until additional source of income is found!!!!!!!!!

[drew lonmenob] 19/12/2021 10:19

No one listens to riles. He's been ramping SYME since 0.80Utter clown Fact

[soilderboy] 19/12/2021 08:49

It's not bad news as many think. Bad news would be if our only working well packs in or waters out.While ever we are pumping and getting rid of bond holders we are fairly safe.Looks like we are just going right back to basics.

[thecomposer] 17/12/2021 21:56

bocase, You are spot on here, typical write down of apparently worthless assets currently written in the books is standard practice that often does even lead to a rise in share price thereafter, and off the top of my head, Schlumberger was a typical recent example where post the incoming of the new CEO, wrote off $Billions after which share price rallied.

However in this case, I believe that there will eventually be a pretty positive resolution, assets are not as worthless as portrayed and with PoO still set to remain elevated for years to come (until viable global alternatives are in place), I believe there will be lots of activity and interest here before any OGA timelines.

[bocase] 17/12/2021 20:57

As I understand it, an impairment charge is the writing off of a worthless asset which is shown to have value on a balance sheet. As such it has no bearing on future earnings, certainly not in any short term sense as the earnings come from the continued lifts at Lancaster and the possible future wells or a sidetrack well. As such it should have zero effect on the share price.

Lincoln may have had value on the balance sheet but since realistically no one expected it to be developed in the short term and produce any free cash, it certainly had no value reflected in the share price, therefore there should be no hit on the share price as there would have been when the shares were trading at 45p, except of course for mis-reporting and misleading headlines.

That at least is how I see it. Others, with more knowledge might be able to offer better insights.