Hurricane Energy Share Price (HUR)

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
  -0.40 -1.54% 25.60 12,654,375 16:35:27
Bid Price Offer Price High Price Low Price Open Price
25.64 25.72 26.32 25.14 25.14
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -60.91 -3.11 502
Last Trade Time Trade Type Trade Size Trade Price Currency
17:46:50 O 85,174 25.60 GBX
Related Shares
Bp (BP.), Royal Dutch Shell (RDSA), Spitfire Oil (SRO), Nautilus Marine Services (NAUT)

Hurricane Energy (HUR) Latest News

Hurricane Energy News

Date Time Source Headline
20/12/201907:09ALNCFAlliance News Flash Headline
20/12/201907:00UKREGHurricane Energy PLC Appointment of Non-Executive Director
13/12/201908:46ALNCHurricane Alters Work Programme Under Renewed Licence Requirements
13/12/201907:00UKREGHurricane Energy PLC Trading, Operational & Licence Update
12/12/201917:54UKREGHurricane Energy PLC Holding(s) in Company
09/12/201907:00UKREGHurricane Energy PLC Holding(s) in Company
02/12/201910:36ALNCHurricane Energy Makes Another Warwick Discovery; More Analysis Needed
02/12/201907:00UKREGHurricane Energy PLC Warwick West Well Result & Lancaster Update
19/11/201910:59ALNCHurricane Energy Kicks Off Testing At Warwick West Well
19/11/201907:00UKREGHurricane Energy PLC 'Warwick West' 204/30b-4 Well Update
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Hurricane Energy Takeover Rumours

Hurricane Energy (HUR) Discussions and Chat

Hurricane Energy Forums and Chat

Date Time Title Posts
19/1/202015:36HURRICANE ENERGY - Fractured Basement WOS 8,187
18/1/202023:37Hurricane Energy PLC55,174
16/12/201916:23HURRICANE ENERGY - Fractured Basement WoS23
04/12/201919:12SR.. Feel let down by your shares? Need to abuse the money making bear? 5
04/12/201916:19Hurricane Energy plc673

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Hurricane Energy (HUR) Top Chat Posts

DateSubject
19/1/2020
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 26p.
Hurricane Energy Plc has a 4 week average price of 25.14p and a 12 week average price of 25.14p.
The 1 year high share price is 64.50p while the 1 year low share price is currently 25.14p.
There are currently 1,959,210,336 shares in issue and the average daily traded volume is 14,504,913 shares. The market capitalisation of Hurricane Energy Plc is £501,557,846.02.
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16/1/2020
19:41		dredger: Last posted in the thread a couple of months ago, when i expressed how "frustrating" this share had become; seemingly decent news but the share price reacting the opposite, so to speak. I also expressed views akin to someone (or people) close to HUR knowing more than any of us know/knew about what exactly is going on. With the HUR share price being so depressed in recent weeks (understatement) cant help thinking my original fears are coming to fruition. This share is a dud! Thankfully for me i only own a small holding (£2k), and HUR only represents a tiny fraction of my share portfolio. Yes, a dud. THIS SHARE IS IN FREEFALL. Anyone attempting to deny this is truly in denial
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21/12/2019
17:09		the guardian: I normally make a point of never posting on the bulletin board of a share that I no longer own. However, I am making an exception with HUR because I am still tracking the share price every day and reading all of the posts. The reason is quite simple. This is a very professionally run company and we all know that it is very much undervalued. Once there is an inkling that the share price will be allowed to rise, I will be back in. By 'allowed,' I mean when the incessant selling by person or persons unknown stops or eases off. There have been some very good posts today, especially by 4thRifles which have my mind jumping around between reinvest or wait it out. As bocase said, once you sell an investment, there is always the worry that it will suddenly take off. Normally, that isn't a problem because the company has under performed but in HUR's case, it's not the company but the bond holders or whoever that have brought the price down. Anyway, I haven't written HUR off and the proceeds from my sale will be sitting in my account until I reinvest or find something which is more likely to give me a decent return. Have a good Christmas all and if the HUR share price starts moving upwards, I will be back with you to enjoy the ride.
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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.
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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.”
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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."
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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.
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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.
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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.
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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.
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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.
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