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
  0.02 0.07% 29.82 3,206,448 08:50:18
Bid Price Offer Price High Price Low Price Open Price
29.82 29.88 31.00 29.00 31.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -60.91 -3.11 584
Last Trade Time Trade Type Trade Size Trade Price Currency
08:50:58 O 27,500 29.823 GBX

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Date Time Title Posts
12/12/201909:04Hurricane Energy PLC54,958
12/12/201908:57HURRICANE ENERGY - Fractured Basement WOS 6,412
04/12/201919:12SR.. Feel let down by your shares? Need to abuse the money making bear? 5
04/12/201916:19Hurricane Energy plc673
04/12/201916:19hurricane2

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Hurricane Energy (HUR) Most Recent Trades

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Hurricane Energy (HUR) Top Chat Posts

DateSubject
12/12/2019
08:20
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 29.80p.
Hurricane Energy Plc has a 4 week average price of 29p and a 12 week average price of 29p.
The 1 year high share price is 64.50p while the 1 year low share price is currently 29p.
There are currently 1,959,210,336 shares in issue and the average daily traded volume is 20,881,769 shares. The market capitalisation of Hurricane Energy Plc is £584,236,522.20.
05/12/2019
17:50
leoneobull: LONGWAITPosts: 3,877Price: 33.12No OpinionRE: Lincoln CrestalToday 16:48All the stuff about 'high risk' is, in my view, a rationalization of the share price slump, not a reflection of any problems on the ground.When the price slumped from the 60s to 32, the explanation was that HUR desperately needed to raise cash at 32p.It then fell to 24p and we were told that it's normal for a share price to move to a discount and there was manipulation related to the issue of the new shares.Now, HUR doesn't need to raise any cash and is a profitable company, but still the posts keep coming about risk.We were told that first oil might never happen, then that it might end within six months.It has now entered its seventh month.Now, we're being told that things could 'stop suddenly,' and that the analysts who reckon HUR is worth many multiples of the present share price are 'obviously' wrong.I am just as exasperated as anyone else, but it is obvious to me that the shares are absurdly cheap.Either they are being manipulated or vast numbers of private investors who misunderstood the RNS and can't calculate price-earnings ratios have fled in panic - or possibly both.
02/12/2019
19:04
the patient investor: I am posting the article posted above by bocase again. hTtps://www.energyvoice.com/oilandgas/north-sea/213209/hurricane-makes-discovery-at-warwick-west-but-more-technical-analysis-required/ IMAGINE YOU DID NOT KNOW WHAT HAPPENED TODAY TO THE share price WOULD ANYBODY HAVE GUESSED THE ARTICLE BELOW IS ASSOCIATED WITH A 21% DROP!!!??? NO CHANCE! I EXPECT A RECOVERY VERY VERY SOON. by Mark Lammey 02/12/2019, 6:00 pm London-listed Hurricane said it found “light, mobile oil” at its Warwick West well, which achieved a flow rate of 1,300 barrels of oil per day (bpd). It was the third and final well of Hurricane’s 2019 drilling campaign on the Greater Warwick Area (GWA) with partner Spirit Energy. The first well in the campaign, Warwick Deep, ended in failure, but Lincoln Crestal was a success and is expected to be developed as a tieback to the Aoka Mizu vessel. Hurricane and Spirit have said they believe GWA is a “single hydrocarbon accumulation” comprising Lincoln and Warwick. On Monday, Hurricane said “further technical analysis” would be required to determine whether that is the case. Shares dropped 21.68% to 36.34p in London. Analysts at RBC Europe said “questions were likely to be asked” about Warwick West’s “commerciality”, while counterparts at Edison said the share price drop indicated the market did not “attribute any value” to a full-field GWA development. Hurricane chief executive Robert Trice said he was pleased with the outcome at Warwick West, which was drilled with the Transocean Leader semi-submersible rig. He added: “The impact that this well will have on how the company views the GWA accumulation and its associated volumetrics will require further technical analysis. “The GWA joint venture is now assessing the optimal appraisal strategy for the GWA, and Hurricane will provide an update in due course.” Spirit farmed into the GWA in September 2018, taking on a 50% working interest. At the time, Spirit said the aim was to progress Lincoln and Warwick towards full field development, should the well campaign and further tests be successful. Spirit would take over as licence operator at the development stage. A spokeswoman for Spirit said that intention had not changed and that the company still planned to “move towards” becoming operator. Carla Riddell, senior vice president for Spirit’s west of Shetland assets, said: “The results of the campaign are encouraging and the on-going technical evaluation will be critical to our understanding of the GWA. “We look forward to continuing our work with Hurricane – building on activity from this year, and enhancing our own capability over the next 12 months as we move towards becoming operator.” Hurricane also provided an update on the early production system at its Lancaster field, which came on stream in June. Last month, the sixth cargo of crude oil from the Lancaster EPS was lifted, taking total oil sales to 2.5 million barrels. Average production for the rest of the year is expected to be in-line with guidance of about 11,000 bpd. Mr Trice added: “Further progress is also being made in our understanding of the Lancaster reservoir. “Uninterrupted vessel uptime combined with good well productivity have allowed us to carry out additional data gathering whilst remaining in line with guidance for Q4 2019. “We will provide a further update later in December.”
18/11/2019
20:20
hello31: TGG, your question on: "hello - what happened after the Warwick Deep result? & why?" I covered this in my post 4770 yesterday but got lost in the noise. so apologies to others if I repeat it below and hope it answers your and other questions. Good Luck. 'Cheers telbap and Fiona, I also look forward to your posts. Fiona, re "is not LC totally discounted by the market .....as commercial?" I believe that LC has not been discounted into the share price as the share price by various measures and analysts reports does not even value the 10 years of Lancaster EPS production. For example, Morgan Stanley base case for AM 10 year production is 64p based on 74m barrels of oil at $60 oil price. Also refer to Edison and also Hanam Partners valuations for AM production." "I BELIEVE that the heart of the matter is doubts over FB being proven in UKCS - even though we know that it has been proven across the world including Vietnam and even a stones throw away in Norweigen waters - just look at Lundin's (LUPE.ST stock symbol) success in FB and its share price performance. My initial faith in Hurricane was based on Lundin's success in FB. However, I have since learned that Lundin's FB resource/reserves are different and not deep column as demdisableded with Hurricane's CPRs. My BELIEF is that WD results have knocked confidence in Hurricane's claims of such deep columns(they may exist, but they nay not flow commercially from such deeper levels). The fractures at the crest may be wider (the crest formation effect) and extensively linked than at the bottom of the column. This may then raise doubts on Hurricanes 2.3 billion 2C resource - but I believe this is misplaced as even if it is not 2.3 billion a shallower column as with Lundin will still give you significant resource base." " The other doubt is Lancaster CPR providing a conservative balance by stating that water could still flow through - I am still going through this CPR, but believe recent statements by Dr T and actual performance could now reduce this inherent risk. Remember those doubting professors from HW University in2017? Remember Lord Brown saying .."its difficult to drill (FB)" Dr T went through with me all the doubters at 2018 AGM and how he has proved them all wrong. The other problem we have is self-interest and greed and power of the few - we can't change the world. I'll give this a rest for now. Whether or not we have an offer or not; is not relevant, it will just take a little longer to extract the value if we go it alone, but the value is there I believe even though none of it is discounted in the current share price or even the AM base case. Once the market realises, lets hope we can match Serica and Lundin's performance. Amen."
17/11/2019
00:30
hello31: Cheers telbap and Fiona, I also look forward to your posts. Fiona, re "is not LC totally discounted by the market .....as commercial?" I believe that LC has not been discounted into the share price as the share price by various measures and analysts reports does not even value the 10 years of Lancaster EPS production. For example, Morgan Stanley base case for AM 10 year production is 64p based on 74m barrels of oil at $60 oil price. Also refer to Edison and also Hanam Partners valuations for AM production. I believe that the heart of the matter is doubts over FB being proven in UKCS - even though we know that it has been proven across the world including Vietnam and even a stones throw away in Norweigen waters - just look at Lundin's (LUPE.ST stock symbol) success in FB and its share price performance. My initial faith in Hurricane was based on Lundin's success in FB. However, I have since learned that Lundin's FB resource/reserves are different and not deep column as demdisableded with Hurricane's CPRs. My belief is that WD results have knocked confidence in Hurricane's claims of such deep columns(they may exist, but they nay not flow commercially from such deeper levels). The fractures at the crest may be wider (the crest formation effect) and extensively linked than at the bottom of the column. This may then raise doubts on Hurricanes 2.3 billion 2C resource - but I believe this is misplaced as even if it is not 2.3 billion a shallower column as with Lundin will still give you significant resource base. The other doubt is Lancaster CPR providing a conservative balance by stating that water could still flow through - I am still going through this CPR, but believe recent statements by Dr T and actual performance could now reduce this inherent risk. Remember those doubting professors from HW University in2017? Remember Lord Brown saying .."its difficult to drill (FB)" Dr T went through with me all the doubters at 2018 AGM and how he has proved them all wrong. The other problem we have is self-interest and greed and power of the few - we can't change the world. I'll give this a rest for now. Whether or not we have an offer or not; is not relevant, it will just take a little longer to extract the value if we go it alone, but the value is there I believe even though none of it is discounted in the current share price or even the AM base case. Once the market realises, lets hope we can match Serica and Lundin's performance. Amen.
01/11/2019
10:43
the guardian: I think that the first offer of around 100p will be between January and March 2020 and that the board will wish to reject it. If all agree, then we could wait for a bigger offer but as has been stated on here before, we would be in the hands of Kerogen, CA and any other big investors. I don't think rejection would invite a bid war but more likely leave the company to progress further with its plans for another six months or so before receiving another improved offer. There are two scenarios: HUR is 'taken out' or secondly, sells only part of it's assets ie Lancaster. In the latter case, the question arises of how much of the money would be paid back to investors and in what form. The above is pure speculation with no basis in fact other than the starting share price. If the share price continues to remain low, then I don't see anyone paying more than a 100% premium to the share price at the time of any offer and that is irrespective of reserves. I would call my view pessimistic BUT having been disappointed with share price reaction after hook up, after first oil, after take offs in excess of expectations and after success at Lincoln Crestal, I am now a grumpy old man or maybe just plain disillusioned. PS. After selling half of my shares, HUR is still my biggest holding.
31/10/2019
21:03
bocase: I think we just have to be patient. On Monday BP reported lower earnings due to low oil prices and today Shell's upstream earnings were hit by low oil prices. On both days, HUR's share price predictably fell. So what? It is to be expected. At some point the oil price will rise, good news will flood in, predators will show their hand and the share price will rise. If it takes two years or more for the share price to double (or more) doesn't that make it a great investment. In the meantime, unless you are just trading, who cares about a period of share price stagnation. That's the nature of the beast.
12/10/2019
17:25
tournesol: GS Hi Peter You beat me to it. I'd go further. I'd say that P/E ratios have no relevance at all to extraction companies (oil + mining) For such companies revenue just measures how much of their treasure they have sold in the acounting period, It tells you nothing about how much treasure they have left or how long it will take to monetize. They could have a lot of historic revenue but no residual value. The only rational basis for valuing such companies is by applying unit values to their resources and reserves and adjusting to take account of the risks which apply. So for example a bbl of reserves is worth more than a bbl of resources because a) it's closer to being produced and sold and b) there is less uncertainty about its objective existence and economic viability. Hurricane currently has 2.5 billion bbls of resources and 37 million bbls of reserves. It aims to increase reserves to 100 million bbls by end 2020. In the following I'm using the 100 million figure because it's easier. Suppose each bbl of reserves is worth £10/bbl, that means the value of 100 million bbls = £1 billion - which is ball park where we are now. So that means the value of resources is not being recognised by the current market cap. If we say that resources are worth £1/bbl we get a total value for resources = £2.5 billion for a total value of £3.5 billion. That equates to a share price around 3.5x today's share price = 140p. To get near the reported price target of 347p, we need to say that reserves as at end 2020 are worth £20/bbl (total => £2 billion) AND resources are worth £2.8/bbl (total => £7 billion) That would make the total value = £9 billion => a share price of roughly 360p You can play around with the numbers to your heart's content and if you have more patience than me you can fine tune them to yield exactly 347p. But what we need to ask ourselves is:- 1) could HUR actually sell its 100 million bbls of reserves for £20/bbl? 2) could HUR actually sell its 2.5 billion bbls of resources for £2.8/bbl? I think the answer to 1) is possibly yes - but only when the reserves have reached 2P status - ie not before the end of 2020. I think the answer to 2) is absolutely not. Nobody would pay for resources which might turn out to have more in common with Warwick Deep than with the Lancaster EPS. If we want a good price for those we need to do a lot more work on proving them up. I think that what gets Dr Trice out of bed in the morning is the possibility that a savvy predator could bid 80p per share and steal all the remaining upside. The best way of protecting us from that is to charge ahead and prove the value of the portfolio. We are, I think, lucky to have the Hur team doing just that for us.
11/10/2019
05:58
bocase: Oil price up 2% this morning on optimism over trade talks. Should be reflected in a higher HUR share price as sentiment turns more positive.
08/9/2019
10:30
sic1969: There's always one JaynesDad. His hypothesis is that the HUR share price will drop because "the bigger boys in the city" will make it drop. He is right that the city want to make money, but for some reason he thinks that the way they will do that is to start selling gold bars worth £1000 each for £500, because that will bring the price down. Whereas the intelligent ones will be buying the gold bars for £500 because they know they are worth much more. He claims HUR are a dead duck despite them having already sold 1.2 million barrels of oil, having Lancaster producing at world class rates, now having Lincoln that will be producing and coming online in the not too distant future, and that's without any of the other locations even drilled yet. But Warwick wasn't commercial - so HUR is dead. Some contrarians are smart and make sense, some are just plain idiots. SR is the latter, he's trying to boost his ego by pretending to be "in the know" - riding on the coat tails of his imaginary friends in the city, because he doesn't have a life and can't get a girlfriend. Typical keyboard warrior, sat at home in his dirty underpants in his bedroom at his mums house.
02/9/2019
08:53
sentimentrules: You think a lot. But given your last thoughts on HUR share price, maybe best leave all market and medical analysis to me haha
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