Hurricane Energy Share Discussion Threads

[marmar80] 09/9/2022 13:00

Quiet here, good time to add a few

[senseman] 09/9/2022 09:53

sheep - quite correct. my misread and apology

[sheepshagger1] 09/9/2022 09:37

Yes I bought in after speaking to RB.


Comments in post 35114 are from Simon Cawkwell (Evil Knievel) and not from me

Nothing to clarify.

[senseman] 09/9/2022 09:10

Sheep - but you wrote a short while ago that you bought in after speaking directly with R.Bernstein, ie that RB was your impetus for buying in. Could you clarify?

[sheepshagger1] 08/9/2022 15:20

7.3p to buy now.

Bargain

[sheepshagger1] 08/9/2022 14:42

3rd May 2022


However, based on Malcolm Graham-Wood’s comments, I bought 500,000 Hurricane (HUR) at 10p. In eighteen months time there’ll be 10p of free cash (free in the sense of not committed to be paid out. I do not know why the stock stands at 9.5p offer.

[sheepshagger1] 08/9/2022 13:41

Only a couple of weeks to go before HUR release the "master plan"

[telbap] 07/9/2022 21:51

Gonna get a wet fish round the chops on open I think, Brent off 5% tonight

[kooba] 07/9/2022 14:08

https://www.cityam.com/truss-confirms-opposition-to-energy-windfall-tax-to-fund-100bn-package/

[marmar80] 07/9/2022 09:44

"EnQuest calls on UK government to incentivise investment in North Sea oil"https://uk.investing.com/news/commodities-news/enquest-calls-on-uk-government-to-incentivise-investment-in-north-sea-oil-2742592

[kooba] 07/9/2022 09:06

Jacob Rees-Mogg, the hardline Brexiteer who has decried "climate alarmism", was appointed as Secretary of State for Business, Energy and Industrial Strategy.Showing intent to put security of supply and sensible transition measures in place ahead of running headlong into an electrified world with no backstop.

[marmar80] 07/9/2022 07:25

Oil prices at October 2021 level, months before the invasion. Can't honestly see it lower than $85. Think this level is gonna be a floor.

[steve73] 07/9/2022 02:41

It would be useful to know how many shares RT(rice) has retained... He had dropped below the 3% disclosure limit before "resigning" (or was it "kicked-out"..?), so no further requirement to disclose..

[jacks13] 06/9/2022 17:41

Yes, Maris had been in the job less than a month at the time he put his hand in his pocket, taking over from the interim CEO Beverley Smith on 11th September 2020. A hollow vote of confidence it now seems.

Oddly, or perhaps predictably, the splashing of the cash, both his and the other directors occurred after the publication of the findings of the Technical Review. The one where the shallower OWC was revealed and which led to the BHs' attempted heist.

[kooba] 06/9/2022 17:14

Maris' only share purchase ( Along with other now departed directors) is interesting because it was at the end of Sept 2020 the timing appears good as that was close to the bottom of the oil price slump..must have taken a view..the unusual thing if you read the court papers is that very shortly afterward this the directors decided , prompted by the lovely bondholders that there was zero economic interest in the shares. ------------ ------------------ ------------------- Antony Maris Chief Executive Officer 169,084 2.9571p Doesn't appear Chaffe has purchased any stock since taking CFO role Feb 2020...he's taken a fair wad out though.So confidence instilling.

[kooba] 06/9/2022 16:50

Alignment with shareholdersMaris in post 2 years renumeration '21 £415,000Shareholding 169084 shares value £11835.00Chaffe in post over 2 years and with company since 2016Renumeration '21 £348,000Shareholding 140,558 value £9839 also has Hurricane sip 96261.The directors have no outstanding options in the company after 2 years in post.New Chair is on £90000 per annum and gets a further £10000 for Chairing a committee which is nice. He has been in post for almost a year and holds not a single share.Nothing like having some proper skin in the game and not just taking cash out. The fact there is no share incentive arrangement makes this a very rare situation for a £140m market cap UK listed company. Perhaps having spent some time telling folk there was no equity value they can't quite get their heads around how wrong they were!!

[kooba] 06/9/2022 10:11

If only i had that level of support !!

[fat frank] 06/9/2022 09:30

“Morses offers people year-long loans of up to £1,000 at an annual interest rate of just under 500%.”

In these times when some people are suffering genuine hardship 500% interest rate is despicable. No thank you.

I did however completely enjoy my down tick for a full stop.........

[kooba] 06/9/2022 09:20

MCLSeems to be loan shark whose financial position is precarious.."Morses offers people year-long loans of up to £1,000 at an annual interest rate of just under 500%."Looks great with the current economic background I'm sure the loan book is solid!Statutory loss before tax of £42.9m (Statutory profit before tax FY21: £0.5m) due mainly to exceptional costsprimarily relating to recognition of HCC redress claim liability...mis-selling seems ongoing process?"The Board recognises that as the current funding facility is in place for less than 12 months following the date of signing the Financial Statements, there is material uncertainty in relation to going concern regarding secured funding."Thanks but...think i will sit tight with company sitting on a lump of $ and generating strong $ cashflow.

[blackhorse23] 05/9/2022 23:58

Sold this last week & bought MCL (LSE) , brokers target price 90p & 78p free cash per share

[fat frank] 05/9/2022 14:48

Yes it did, but I think I will have sold up and moved on before 25 years!!!😉

[kooba] 05/9/2022 12:49

Oil Surges After Report OPEC+ Could Cut Oil Production By 100K As Soon As Today up $3

[kooba] 05/9/2022 11:25

I think you are right ..but it then fell apart didn't it !!