Share Name Share Symbol Market Type Share ISIN Share Description
Hurricane Energy LSE:HUR London Ordinary Share GB00B580MF54 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.72p +1.56% 46.78p 198,678 08:26:51
Bid Price Offer Price High Price Low Price Open Price
46.26p 46.66p 46.78p 45.60p 45.60p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -7.0 -0.5 - 916.52

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Hurricane Energy (HUR) Discussions and Chat

Hurricane Energy (HUR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
07:27:2846.422,5001,160.50O
07:23:1646.5725,00011,641.90O
07:16:1046.306,0002,778.07O
07:09:1346.784,2611,993.30AT
07:09:0946.754,2611,991.93O
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Hurricane Energy (HUR) Top Chat Posts

DateSubject
21/6/2018
09:20
Hurricane Energy Daily Update: Hurricane Energy is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker HUR. The last closing price for Hurricane Energy was 46.06p.
Hurricane Energy has a 4 week average price of 41.32p and a 12 week average price of 31.50p.
The 1 year high share price is 48.92p while the 1 year low share price is currently 24p.
There are currently 1,959,210,336 shares in issue and the average daily traded volume is 3,279,250 shares. The market capitalisation of Hurricane Energy is £902,412,280.76.
21/6/2018
08:38
bocase: Mad Foetus: I think you are right but a lot depends on the outcome of the OPEC meeting. The share price is heavily geared to the oil price going forward. The share price will inevitably rise as we get closer to first oil but a strong oil price will be the icing on the cake. Welcome aboard by the way.
15/6/2018
16:25
bocase: HUR share price showing a high degree of correlation with the oil price which is down $2.40/barrel today Any announcement on Monday about further progress and de-risking should see us push higher though as would smaller than expected production cuts at the OPEC meeting next week. Just topped up with a further 10000 at 46.00
27/5/2018
09:54
francis55: Did a fair but of reading on Opec and potential end June meeting to turn taps back on coupled with US inventories at highest output where they can't be shipped quick enough and emergence of shale all looking like $60 to $65 oil by end of June. Saying that with sanction hurting Russia surley $80 oil helps them to a surplus as noted recently by their Chancellor or is plugging the gaps from Iran and Venezuela more important for longer term strategy to take a hit just now.Think I'm selling Hur and hopefully going back in at low 30s if oil price drop to $60 $65 is reflective in Hur share price.Sensible comments welcomed...
20/5/2018
16:10
badday: I didn't realise Motley Fool was still going, but theres a tip on there anyway! The Hurricane Energy share price is rising. Is it time to buy? Rupert Hargreaves | Sunday, 20th May, 2018 | More on: HUR Image source: Getty Images. The Hurricane Energy (LSE: HUR) share price has woken up this year. After going nowhere in 2017, the stock has jumped 57% year-to-date. And I believe this is only the start of what could be a long run higher for its shares as the oil company continues to progress towards first production. Project start-up Hurricane’s management has to be commended for what the company has accomplished over the past year. Ever since 2014, when the price of oil began to crash, it has been difficult, if not impossible, for many small oil companies to function. Even the world’s largest oil companies have had to put projects on ice, cut capital spending and scale back exploration plans to cope with the declining prices. However, against this backdrop, Hurricane was able to convince investors to stump up $520m to develop its flagship Lancaster field, which has combined 2P Reserves and 2C Contingent Resources of 523m barrels of oil. Even though it hasn’t been easy, by starting the development of Lancaster at the bottom of the oil cycle, I believe Hurricane has put down strong foundations for future growth. As activity in the oil services sector has slumped over the past three years, service providers have slashed costs to try and attract custom. As a result, oil producers have been able to cut hundreds of millions of dollars off the cost of developing projects, helping to improve the overall long-term returns from these developments. Hurricane is likely to have benefitted from this. The company might have had to ask investors for significantly more funding if management had commissioned the project at the top of the oil price cycle. Rising oil prices Not only has the company been able to benefit from low service costs, but now the price of oil is also moving in its favour. At the time of writing, the Brent crude benchmark is trading at just under $80 a barrel, its highest level since the end of 2014. Hurricane is planning to have the early production system in place and producing oil from Lancaster during the first half of 2019. Over the next few months, we should have further updates on how the development and installation of this system is going. So far, the company is on track to install the system during the third quarter of the year. And if the price of oil continues on its current trajectory, then Hurricane is set to begin production from Lancaster at one of the most favourable times in the past four years. Time to buy? Considering all of the above, even after recent gains, I believe that it’s time to buy the Hurricane share price. Even though the company has not started production yet, it’s well on the way to first oil and rising oil prices should prove to be a strong tailwind when production finally begins. There’s still plenty of work for the firm to do over the next six to 12 months, but its outlook has dramatically improved in 2018.
17/5/2018
21:07
dcarn: Im unaware of HUR running into problems, no issue with funding and EPS delivery is on target. http://citywire.co.uk/investment-trust-insider/news/crystal-amber-managers-snap-up-shares-as-discount-widens/a1119506?re=55121&ea=27233&utm_source=BulkEmail_Money_Daily_Summary&utm_medium=BulkEmail_Money_Daily_Summary&utm_campaign=BulkEmail_Money_Daily_Summary However, the trust said it was still working with Hurricane Energy (HUR) to appoint a ‘credible chairman’ following problems with the oil explorer that operates in the seas west of the Shetland Isles. Crystal Amber saw a slump in its share price after Hurricane, its largest holding, ran into problems. Hurricane’s share price nearly halved within two months on the back of what the trust said at the time was ‘poor handling’ of a warrant issue and comments by the oil explorer’s management team about funding and delivering an ‘early production system’.
27/4/2018
10:17
bloodhound: Mm, interesting times. 50.5hrs ago the 'ceiling' was 40p (as qouted on here) now 44p. Also not a peep or rather Tweet from RB of CA, not even a 'HUR share price seems perky today'.Mmm. And TH is back too :-) BH
26/4/2018
15:00
hopeful holder: Great to see some upwards movement in the share price which looks like it should hold above 40 for our next step up.I'm sitting here pondering what would happen when the RNS reports we have FOIL or an approach has been made etc.It's good to see some progress and I also remind myself that this equates to the highest Mcap that HUR have seen to date so all positive so far.For those p, like me, who were nor aware, a bulletin board called Lemon Fool has some pots by DSPP which postulates where the share price may be going forwards. Whilst many presumptions have to be made, it allows for the individual investor to substitute their own thoughts / figures and come up with some numbers.Whilst this should be done with a very open mind and all presumes nothing goes wrong, it is always good to look at potential, water it down and then decide if the facts and figures match up with own expectations and resultant share price.Whilst things never go as plan, especially the share price, it is always useful to work out what will start an exit plan. Mine is based on timing and progress.Good luck to all.
26/11/2017
09:30
greyingsurfer: RB's derogatory tweets the share price has fallen by about 15% in a period of rising oil and close to the cpr publication. I'm just trying to find motivation for his behaviour and I think its far more than dummy slinging. At the risk of repeating myself, again, I think you have to look at RB's position. His fund's share price has been hit because he went massively overweight for a fund into one share, HUR, which has not performed as he no doubt hoped/expected. You could reasonably argue that the main responsibility for the recent falls in CA's share price is down to his misjudgements about the short term investment case for HUR, and his overconfidence in his own judgement that led him to take out far too large a position. He now has to justify his position to his investors, and from where he's standing it's clearly far better to try to blame HUR's management than to admit to his own failings. Behind all that there are clearly growing issues for the company and the BoD - it's a different company now to what it was, and looks quite possibly to be very different again post EPS (unless they sell up). It's quite right that the composition of the BoD needs looking at, and they've already set in motion steps to do that. I'm happy to let their committee come to it's own decisions on where to go in terms of the BoD from here before I make judgments. And I'm quite sure that if RB has any useful suggestions to make to them (not via twitter) they will be considered. Peter
21/11/2017
11:03
mrwaite: stepone68...the cash returned to shareholders by SIA in 2014 was about the current HUR share price as I recall. Timing was everything there, as usual!
13/7/2017
17:16
greyingsurfer: Peter agreed they have found plenty of oil but quite simply have created no shareholder value, so far, which is measured by upward movement in the share price. The company does not determine the SP, the market does. As an stock picking investor you make money if you successfully pick stocks where the underlying value is greater than the current SP, and there are events likely in the future which would change that. HUR seems to me such a case. They have shown there to be significant amounts of oil in their licences, they have a clear plan for proving those up further as commercial resources, and they now have the money to do it. If you believe the story this is a good investment, as over the next two years that will be proven up, and the value reflected in the share price (some of that share price appreciation may happen a lot sooner, as the work progresses and people take note - or it may not). If on the other hand you doubt the story, or you see a limited CoS of the EPS proving up the commerciality successfully you shouldn't be invested. In recent months all they have managed to achieve is to increase the market discount to the underlying value of the oil. They haven't. Yes, the warrant issue looks a mess. But what difference did it actually make? As I've said many times, I doubt the end result would have differed very much. They managed to raise $12m at 51p - some way down from the peak share price shortly earlier. Do you really think they would have been able to go to the markets and raise 40x as much at anything like that price? If nothing else, the warrant issue showed that buyers were not queuing up to fund the EPS at 50p+. What they did, however, manage to do was raise the cash to allow the EPS to proceed - instead of either accepting a poor farm out deal, which would almost certainly have diluted holders further, or borrowing large sums on poor terms and putting the company's future at serious risk if any difficulties were faced during the EPS development (they wouldn't have been the first E&P to disappear without trace if that had happened). Of course we would all have liked the fund raise to take place at higher levels (none less than the BoD you can be sure), but that simply wasn't ever likely to happen. If I'd been smarter than I am I would have sold in the 60s and be rebuying now, instead of just topping up. But I'm not a short term investor and what sticks out to me about HUR over the past couple of months that it's a far better investment now than it was then - I no longer have the significant fears I did that they would fail to raise the cash for moving forward, or make a potentially terminal mess of the funding. Peter
Hurricane Energy share price data is direct from the London Stock Exchange
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