Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy Plc LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.04 -1.45% 2.71 8,534,861 11:54:20
Bid Price Offer Price High Price Low Price Open Price
2.75 2.776 2.79 2.65 2.65
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 170.28 -1.81 2.97 0.9 54
Last Trade Time Trade Type Trade Size Trade Price Currency
11:49:12 O 50,000 2.7652 GBX

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Hurricane Energy Daily Update: Hurricane Energy Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker HUR. The last closing price for Hurricane Energy was 2.75p.
Hurricane Energy Plc has a 4 week average price of 2.42p and a 12 week average price of 2.42p.
The 1 year high share price is 47.66p while the 1 year low share price is currently 2.42p.
There are currently 1,991,871,556 shares in issue and the average daily traded volume is 63,358,272 shares. The market capitalisation of Hurricane Energy Plc is £53,979,719.17.
hello31: Oil price is back where it was 3 months ago at $40, The share price of Tullow and PMO are down 50-60% over 3 months. They have had bad news on production just as Hurricane have, but the main impact is the huge debts of $2bn - $3bn to generate c 60,000 bopd production. CNE does not have such a noose round their necks and they are slightly up over the same 3 month period. Hurricane on the other hand have $230m GROSS debt - - and here is the most important point, to produce 17,000 - 20,000 bopd. Taking into account cash balances, significantly less NET debt that will be repaid by 2022 If on Friday, the BoD can reassure the market that they can maintain 15,000 - 20,000 bopd with the mitigation plans for the WC then it will not just be these plans that will propel the share price. Like Cairne, it will be because we are able to produce significant cash flow for organic expansion even at low oil price. Hurricane does not need $60 oil as some of its peers do, and what is more at $40 oil it can finance expansion using very competitive rates for exploration and building the infrastructure, just as it did for the AM when oil price came down from $100 to $30.
hello31: GS You make good points but would respectfully disagree with you on following: "The real value in HUR and the eps, was in proving up potentially vast resources at GLA and GWA. We are a long way from that at the moment. " True but even at 50p share price when broker valuations were of 90p plus, the value they assigned to GWA was only 7p. Hence when WW results came out and share price went from 46p to 30p, it was overdone already, "If they can maintain, and improve current production the HUR may well be worth more than the current sp, but we are a long way from the levels of value that once seemed assured." The real problem is that the current share price assumes a doomsday scenario, let alone assigning any value to AM 5 year remaining production (that can be extended) even at steady 17,000 bopd production and even at $40 oil. "It’s not impossible those will be partly obtained, but it will be a much longer journey than was expected." Agreed but then investment is for long term, not for day traders looking to get burned on of all markets AIM. "And with the current PoO, " Disagree - at current POO of $40 and production back up yo 17k with and assuming cash costs not of $17 nor even $23 (at 20k of) but a conservative $28, we are still generating $12 pb cash and given existing uncommitted cash and deferred cap ex, we will have sufficient to pay off $230m converts in 2022. What is more any expansion in production requiring cap ex such as WOSP and AM upgrade can be financed from resource based lending such as at Enquest, ". and the converts hanging over us the room for capex to move things forward is going to remain tight." Disagree, if you refer to my previous post and calculation supported by Edison latest report, we have more than sufficient to pay off the converts and use current prods levels to finance. Growth and increase in 2P reserves will require future cap ex but they can be funded through RBL amongst other methods without equity dilution to oblivion that is priced in the current share price
the guardian: There's always a bright side to everything. The fall in HUR share price is now an incentive for me to write a book: How I lost £140k on AIM.
erogenous jones: comedy, it is kind of you to write as you have. I have no axe to grind with anyone and try where I can to share whatever knowledge I have (usually minimal) that is tempered, factual and open to scrutiny. As I see it, HUR is in a bit of a pickle at the moment. On the one hand the company has a genius in the guise of Dr Trice for his talent as a geologist, but a liability in the same guy who is way out of his depth in running a quoted company. The potential for an uplift in share price here is substantial, not simply from the rising price of crude, but also in the event that Dr T is removed from the firing line to concentrate on his strengths and an appointment made for someone better able to execute the duties the fall on a CEO. The interest I have is on behalf of my elder son who entrusted me with his bonus in March that was placed in an ISA in late March. His goal is capital growth. In that time I have picked more winners than losers, have banked and re-invested 54% uplift profits with a further 16% gain (including the current 24% paper loss that presents from his holding in HUR). Mind you, with the bounce in progress in markets around the world, I am probably no better than a monkey with a pin. The market rally will continue (IMO) for as long as banks and governments around the world chuck money at the market. The oil sector is probably one of the easiest to research where volumes, qty of wells in production and crude prices are published daily. The only element to work out for oneself are the rates of consumption and the costs associated with the work. Anyway, the drop in share price, was probably rather overdone. A fair price for shares in the company is between 12.5p and 14p and I see no reason why this should not happen in the coming weeks and months. Sorry to ramble on with my witterings and musings. Probably complete tripe, of course, but my original target for the share price is 13.75p at which point I would average the holding up - I prefer to do that than average down. I do not invest with the goal to break even and like to run winners.
comedy: cervelo i was reading up old rns on hur last night, they raised £500mill.cna has come in for 50% of asset etc etc they got fpso and then you look at share price and see big seller. question has stock been trashed to make holder cross its limitations on holding stock and trigger their selling criteria??? happened many times and thats time for contrarian investors to buy and wait for true value to be reflected again??? push a ball under water, once force removed it will react forcefully upwards... so buy hur wait for seller to finish,,2 days overall volume 66mill, my guesstimate double 94mill x2 188mill overall volume....but somewhere between 130mill and 184mill total volume the overhang gone??? if shorters still here and dont use this oppo to close, then adds on more upward force on share price topslice and take free shares and sit on them with a 2year time span. i had 200k free shares in gkp shares almost 12 years ago when they drilled first time in kurdistan. if held they went up to £4 a share would have been £800k . think hur could have a similar result. they have had a run of mishaps? plus virus situation puts in hurdles to get jobs done, move clock forward and they rectify problems and virus situation is relaxed back down. only factor is time/patience get a 5 bagger or 10 bagger from current levels??? oil recovers over 2 years and where would share price be?
mhin2: As an aside to the nonsense discussion on the justification of race theory, I reckon every USD1 increase in poo (above USD26) is worth just over USD6m free cash to Hur. What is that worth to Hur share price...I recon about 0.25/0.3p, although it seems to be exponential....I wonder if 12 will become the new base?
kenmitch: tournesol. I’ve no problem with anyone posting negatives about any share. Unwillingness to consider both sides of the argument is a big failing on so many ADVFN bbs. I agree that while the oil price stays low, there is little reason for HUR share price to go up, unless it joins in the sector in looking ahead to normality and beyond current massive oversupply and very low oil price. So no likelihood of HUR going up against the sector trend. But do you have serious doubts about HUR surviving if the downturn lasts for months, and if so why? My current thinking is that a dip back to around 10p would be a good top up opportunity even assuming Warwick proves a dead loss. Perhaps you think otherwise?
hello31: What should the price of Hurricane shares be when compared to its peers? Unfortunately our share price has been octimated (as opposed to decimated) by likes of NGMS and DSP peeling the same fake news over and over again on tanker loads of water rushing through due to giant jellyfishes and pretty coloured graphs. There were posters including myself with rose tinted on, who tried to provide evidence to contrary but failed as demonstrated by the share price going down from 45p one year ago to as low as 15p before the oil price war. We now have others (including Arden today) who point to production levels and results as vindication of Lancaster and FB concept. However, only very little of the activation has been reversed as Hurricane has not fallen as much as other oiler from the oil price drop. We should not compare Hurricane to TLW nor ENQ nor PMO as they have very high debt multiples to current market values - significantly higher risk profile in times of uncertain cashflow. A better comparison is Cairn which has virtually zero debts and was 12 months ago 164p. The impact of the oil price drop gives it a current price of 114p. So applying the same %age decrease to remove the FULL impact of fake news we would get to 45p / 164p * 114p = 31p versus current 16p share price. There are other measures - like production levels, 2C EV per production, EBITDA multiples, etc etc and which one can argue to be better comparisons. This is just one using market valuation of a debt free peer member. pre and post oil price drop. There is lot more to make up on the share price relative to others.
tournesol: I posted earlier about Warren Buffett's leading indicator which effectively calculates something broadly equivalent to the P/E ratio for the US at the level of the entire country. Basically it compares the total market cap of all quoted companies with the GDP/GNP of the country. Buffett describes it as an indication of whether the total outputs of the economy justify the total value of the companies which underpin it. It rose beyond its normal range and peaked around 2000-2001, then again around 2008, and would you beleive it, it peaked just recently. On each of the previous occasions it ushered in a period of recession. Basically the valuation of the stock market as a whole has got ahead of the overall economy. When that happens there is an inflexion point and things revert back to mean. Seems to me that's what is happening now. It's not about Hur, it's about the global markets. Of course we also have an oil price war which is cutting the legs of every oil producer in the world. And we have Corvid-19. And there is all the uncertainty around Hur specifics. So putting all of that together provides, in my opinion, more than enough rationale for the behaviour of the Hur share price.
buzzzzzzzz: Like NGMS I "intended" to stay away. However after sleeping on it I decided to write to IR as I do not get a warm fuzzy feeling from the recent tanker offload. If I get a meaningful response I will update everyone. Dear Sir It is quite clear from the above RNS that production will be from both wells from the end of January, the RNS states that any material variations from the parameters outlined will be notified to the market. As there has been no notification to the contrary I, and many others, are assuming that both wells have been producing since 1/02/20, however given the timing of oil offloads from the FPSO and the subsequent tonnage that either there is a substantial stock pile on the FPSO or that production is materially different to the guidance of 20,000 BPD. As you can imagine, given the recent fall in the share price, this is causing significant concern to small investors especially myself. The RNS of the 29/01 was issued to assure the market that there there were no problems which could have caused the share price to fall. I cannot stress to all at Hurricane Energy that if both wells are not producing as envisaged in the RNS what a fundamental breach of trust and a slap in the face for the PI's that trusted that statement from Dr Trice. Cannot you confirm that Hurricane still stand by the details of the RNS and that PI's can assume that both wells are producing as no statement has been issued to the contrary. Further more from the interims of Crystal Amber it seems that they have had recent discussions with the board and as a result have increased their holding in HUR .from CA's Dec interims: ' ..At the current share price, the Fund believes that a buyback of shares could be an attractive use of capital in the interest of the company. The Fund has consulted with other shareholders and engaged with the board to consider the company's alternatives and has put forward specific ideas regarding a sensible capital allocation strategy. Please can you confirm that CA have been given no other information other than what was contained in the RNS 29/01 and RNS 6/02 and that is available to all shareholders. Be rightly understood the frustration that shareholders are feeling with a very depressed share price and and what is perceived to be an RNS which states production will be from two wells and there has be no contradictory announcement yet doubters still insist production is only from one well and evidence from the recent tanker offload would support their view. I and many other shareholders would like a definitive answer. So I put it to you does HUR stand by the RNS and do the management agree with me that production from only one well would be a material variation. I look forward to hearing from you. Yours faithfully xxxx xx Shareholder
Hurricane Energy share price data is direct from the London Stock Exchange
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