Hurricane Energy Share Discussion Threads

[the guardian] 15/3/2017 07:33

tgg, I'm sure that the EIA report will show something different - even though they use the same data as the API.

[rayrac] 15/3/2017 07:08

Lack of sleep can have adverse affects?

[thegreatgeraldo] 15/3/2017 01:10

Rayrac - US oil stocks collapsed last week!!!!!! OMG!!!! Doubtless the meedja will focus on the build at Cushing....

[rayrac] 14/3/2017 23:57

Anyway the oil price picked back up, almost to yesterday's quote. So could have been worse?

Off to bed...

[gibso6767] 14/3/2017 22:31

Well surely the longer it gets between news in RNS form the nearer it gets , uncertain of that large trade but that's done and dusted .

I will be up for 7am at work so I will be checking gla

[gibso6767] 14/3/2017 22:03

Zz too I think 1 share is something to do with computers algorithms and stuff , or it's Hugh Fearnley Wittingham buying a single share to be able to attend the AGM and propose something like he did with Tesco !

[zztop] 14/3/2017 20:51

Buy or sell we will never know, we can't even work out what a one share trade is / means!

Gawd!

Anyway news tomorrow?

[terry hardacre] 14/3/2017 20:48

Further idle musing on that trade, and perhaps a question for those who understand the order book a little better:

If it's a worked sell, could it have taken place over the last few days, hence the decline in the share price (accepting additional PoO pressure)?

Or if it's a buy, could it have been processed during the course of today alone, and be that which has held up our share price while others have crumbled?


Separately, I note a couple of other after hours chunky buys besides that trade - 350,000 shares, 193,000 shares.

[bloodhound] 14/3/2017 19:30

2,796,834 Share trade. If it's not a buy then it's quite a strange time to sell so close to news....he mused.

BH

[laserdisc] 14/3/2017 17:13

large trade ?
17:09:02
50.00p
2,796,834
£1.398M

[worraps] 14/3/2017 16:25

idleduck and laserdisc.......you're quite right! Impatience getting the better of me.

I'm actually pleased it's still there, still busy.

[laserdisc] 14/3/2017 16:16

the "Underway Using Engine" happens when wind speed increases presently 41knts if this happened on a calm day then maybe

[idleduck] 14/3/2017 16:09

worraps
its not going anywhere
look again

[f1araway] 14/3/2017 16:08

For me they can have the second ref tomorrow then they can get on with planning the third.

[leeson31] 14/3/2017 16:08

indeed cash, factor in the 17th febs' news too, makes sense...

[pounddreamer] 14/3/2017 15:57

£15 and will be able to buy Scotland before Sturgeon makes off with it.
Good for fishing holidays apparently.

[davidblack] 14/3/2017 15:52

The £1.50 was just an example given that is a modest 3 times the current price.

My preference is £15! Is that too low?

But if I used £15 somebody might accuse me of being over optimistic?

[mrwaite] 14/3/2017 15:48

Davidblack...If Greater Lancaster does include Halifax then £1.50 will be rejected imo But let's see CPR and the Halifax results and then will have a much better idea of its value.

[worraps] 14/3/2017 15:36

According to the above link, the TS is on the move!

[davidblack] 14/3/2017 15:35

The big risk to "Us" as shareholders is a bid comes in from Greater Lancaster at say £1.50 as that is what they want but they chip in another 10p for "The Rest of the Assets" so the take out offer is £1.60.

A better solution is often to take the £1.50 and then roll the remaining assets into a small new company which can then be floated at a later date.

Does anyone remember Vodaphone some daft idea about everyone walking around with a phone in their pocket? Well the original "Big" FTSE 100 company that had that small division was Racal which most people have forgotten about.

[cashandcard] 14/3/2017 15:32

DavidBlack, jacks,


Agreed, it has been done to facilitate partnering &/or corporate activity.



Cash

[cashandcard] 14/3/2017 15:17

My thoughts are as follows, the last time they did a division was the original license, it was subdivided into the various ones that make up most of GLA. Years ago, I worked for a company within a multitude of 'holdings' and other parent organisations. Various reasons; recharging management and consulting fees getting tax back through this structure whilst also protecting/sheltering the assets should anyone one in the group get into trouble.

It seems they are restructuring the asset-base, probably for corporate-activity reasons, likely a deal on both GLA and GWA. My two pence worth. Why else do it?


Cash

[jacks13] 14/3/2017 14:43

Yes, it would mean that parts of the business could be sold/farmed and the proceeds paid or part-paid to shareholders if desired. In the event of a license sale the Hurricane Energy legal entity continues trading rather than it disappearing as part of a disposal. The plan for the operation of the business is emerging.

[davidblack] 14/3/2017 14:29

This new Company structure gives opportunities for "Dividending Out" some of the smaller assets which currently have low values. Will require going to the High Court if they go down that route.

Also the structure should help Hurricane bring in multiple partners if they choose. Essentially then reducing the risk of a cheap takeover by a major by "Clouding the Group."