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
  0.086 2.09% 4.20 24,166,526 16:35:16
Bid Price Offer Price High Price Low Price Open Price
4.102 4.138 4.44 3.946 4.05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 170.28 -1.81 2.97 1.4 84
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:59 O 750,000 4.20 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 4.11p.
Hurricane Energy Plc has a 4 week average price of 2.22p and a 12 week average price of 2.20p.
The 1 year high share price is 46.82p while the 1 year low share price is currently 2.20p.
There are currently 1,991,871,556 shares in issue and the average daily traded volume is 36,195,755 shares. The market capitalisation of Hurricane Energy Plc is £83,658,605.35.
linz22: But, that's the thing, Mhin. Geology is not an exact science, so none of the aforementioned 'experts' are either wrong, nor right (yet). You were correct to describe them as being nothing more than 'diametrically opposed' in their opinions/ hypotheses - much like our resident troll who chose to dismiss, or conveniently ignore, all of the published data, evidential of the providence of the water ingress on well 7 as being 'perched', to proclaim with great confidence that it was coming from the aquifer - several hundred meters below. But, what did the company do? Sack Dr.Trice, the driving force behind the whole FB project, and then come up with a highly unlikely scenario of their own that the OWC had been misinterpreted (by Trice) a thousand feet or so too deep, putting the toe of the well adjecent to the revised OWC, and the the wells were sucking agua from there - even though they're both producing exclusively from cavernous fractures at the heels of their respective well profiles. They can't all be right, and inded they're not. All hypotheses, to date, remain unproven. And, it'll take an awful lot more appraisal drilling to delineate the reservoir and prove up producible resources, from the proposed billions of bbls of hydrocarbons in place across the Rhona Ridge. Without Dr.T, and with a new BoD at the helm, the fortunes of this company remains a binary choice for the time being, so just a matter of opinion if there might be huge upside to a present investment here, or whether the whole project is now defunct and doomed to failure.-Either way, there's not much downside from these current rock-bottom share prices. As I've said before, the only constant with the new-look HUR recently is that nothing adds up. We lack leadership, and above all credibility - as the 'kitchen-sinking' RNS of revised reserves in September, as an admonishment of the previous Trice regime, has demonstrated. Crystal Amber, for one, might or might not have access to better information than us Pis, but they have put their money where their mouth is and called the company's bluff. Forget perched water, or 'perched oil', which only serve as a distraction. The simplistic reality is, as Frank often points out, there is oil down there, billions of barrels of the stuff (if not hundreds of millions of available), and it FLOWS! That simple criterea is what equates to commercialy viable oil production. However, as has also been pointed out, this is not the 1990s, and the greatest concern for viability of further oil explo/production projects, and the future of Hurricane, is the macro political environment in which most of the world is becoming emersed - not least the recent bold pronouncement from the current UK government to outlaw all HC burning internal combustion engines in transport.., by the year 2030..! And, whether you believe or not the likelihood of such as bold pledge ever being actually implemented (since when have mere politicians ever carried through with their policy proclaiments, or manifesto promises?), is not really the point. It's the increasing anti-hydrocarbon/fossil-fuel sentiment, which has gained momentum globally, that poses the greatest threat to the future of oil production in UK N.Sea/WoS. As for near term prospects for HUR, I cannot wait to hear what Dr.Trice might have to say, post his six month extended employment / non-disclosure period...
valueinvestor17: I look at HUR as a medium to long term investment (18-24 months horizon)with potential for enormous returns, and personally, don't bother with the daily/weekly share price fluctuations here but have purchased from 2p to 6p, and if forthcoming updates are positive in my judgment, will continue to invest here while HUR share price remains in single figures, all IMOO, please DYOR, and good luck.
valueinvestor17: IMHO, HUR share price at these levels already is a massive bargain, today looks like a little profit taking by traders, and then ready for the next leg up here, we are in way oversold territory at the moment, GLA.
keepitsimple5: Interesting analyst note: “In the last twelve months, Hurricane Energy increased its revenue by 887%. That's a strong result which is better than most other loss making companies. So the hefty 89% share price crash makes us think the company has somehow offended market participants. Something weird is definitely impacting the stock price; we'd venture the company has destroyed value somehow. What is clear is that the market is not judging the company on its revenue growth right now. Of course, investors do over-react when they are stressed out, so the sell-off could be unjustifiably severe.”
thecomposer: Absolutely, Hurricane rally/breakout here hasn’t even started and so far, HUR share price is simply only catching up with it’s other oiler peers & rallying POO, both of which have now significantly rallied, HUR is currently way undervalued, and once “Forward Planning Programme” and other relating updates are out, true breakout rally with follow on momentum here will then commence IMHO.
onlylongterm9: HUR share price hasn’t even yet caught up with it’s FTSE O&G peers, who’ve recently had a hell of a run here, while, HUR rally should gain massive momentum on upcoming forward plan updates, and then as for Shorts, well they need to close their positions very rapidly indeed.
thecomposer: HUR rally hasn’t yet even started, HUR share price should at least be in double figures based on present company fundamentals, and today’s MC/Valuation simply makes no sense, wether algos or unsubstantiated fear factor, HUR is just way oversold here and a significant market upward re-adjustment is looming, of course in my opinion only, please DYOR.
thegreatgeraldo: As far as HUR “Forward Work Programme” goes, there recently seems to be a significant pickup in ongoing positive activity by HUR in the area which is a great sign for the new seemingly much more proactive management now in place highlighting that a diligent forward plan/relating updates are in full progress , and IMO, no news here is good news as a diligent plan requires time/planning and I expect viable decent updates here in coming days/weeks ahead, GLA. ..Or the welcome recent rise in the share price has absolutely nothing to do with HUR, but a few hedge funds looking for bonbed out cos which could benefit the most from a successful Covid vaccine & a return to "normality", whatever that looks like. Oil price is good news, the geology hasn't changed in the last few days.
pro_s2009: Anyway, back to HUR. Perhaps very telling news......... CA purchased 500,000 of their own shares, which they therefore must see as better value than buying HUR shares at 2.4p Why are they spending that cash and putting shares in treasury - in effect just dead money. Why not buy loads more HUR shares ???? HUR is so cheap now according to many, and CA are so positive that good things are ahead and oil is under the Oil/Water contact, the point at which oil is above the water......... Waiting to see how this is spun into being good news for HUR. 06 November 2020 Crystal Amber Fund Limited (the "Company") Transaction in Own Shares The Board of Crystal Amber Fund Limited announces that, in accordance with the authority granted by shareholders at the Company's Annual General Meeting on 22 November 2019, on Thursday 05 November 2020 the Company purchased 500,000 of its own ordinary shares of 1p each ("Ordinary Shares") at a price of 77.0 pence per share. These shares will be held as treasury shares.
onlylongterm9: pro_s for Short HUR 2009, markets are forward looking and hence, HUR share price will not await that long before re-adjusting and your “Short Position” will fortunately burn big time here, so let me re-phrase it for you in my words, Once a "Forward Work Programme" is announced/confirmed, and if sufficiently convincing, then WITHOUT ANY DOUBT IMHO we are due a truly massive positive re-rate here along with huge forward momentum from current very very very much crazy nonsense undervalued share price levels where, downside risks at present are absolutely minimal while upside potential remains truly massive, all IMOO of course , please DYOR, and GLA.
Hurricane Energy share price data is direct from the London Stock Exchange
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