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
  -1.20 -2.72% 42.90 6,108,412 16:35:05
Bid Price Offer Price High Price Low Price Open Price
42.96 43.08 44.76 42.92 43.54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -60.91 -3.11 841
Last Trade Time Trade Type Trade Size Trade Price Currency
17:53:11 O 66,276 42.90 GBX

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Date Time Title Posts
19/10/201915:51HURRICANE ENERGY - Fractured Basement WOS 4,088
16/10/201905:52Hurricane Energy PLC54,678
01/9/201909:30HURRICANE ENERGY - Fractured Basement WoS20
25/7/201920:42HUR Chipmonks Required -
23/7/201910:34HUR- The latest hot stock for shorters 34

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Hurricane Energy (HUR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2019-10-18 17:29:2042.9066,27628,432.40O
2019-10-18 16:54:0242.90304130.42O
2019-10-18 16:34:4243.65127,54855,675.98O
2019-10-18 16:27:0842.90514220.51O
2019-10-18 16:27:0842.90393168.60O
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Hurricane Energy (HUR) Top Chat Posts

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 44.10p.
Hurricane Energy Plc has a 4 week average price of 37.84p and a 12 week average price of 37.84p.
The 1 year high share price is 64.50p while the 1 year low share price is currently 37.84p.
There are currently 1,959,210,336 shares in issue and the average daily traded volume is 7,117,736 shares. The market capitalisation of Hurricane Energy Plc is £840,501,234.14.
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.
tournesol: UK Investor Magazine published a story on Hurricane yesterday. Headline is:- Hurricane Energy exceeds expectations after 6 month reports Highlights:- .. Barclays ...upgraded... investment rating on Hurricane Energy Plc after outperformance and growth. ... Barclays .. target price ... 55p. ... Barclays ... optimistic after 6 month trading figures were released .. upgrading Hurricane to ‘overweight. ...Barclays ... also changed their outlook on (the) sector, as they changed the status from ‘neutral’ to ‘positive’ despite Brexit … Barclays .. estimate .. crude prices will continue to increase to around $60 per barrel… …One additional benefit of Hurricane Energy Plc is that they do not rely on rising oil prices to support investment chances or increase its share price. ...This presents a positive outlook for both Hurricane Energy Plc and shareholders as profits are set to rise…. source:- hTTps:// ——————————— Nothing in the story will be new to ADVFN followers, but it's good to see HUR getting a wider circulation.
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.
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.
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
hello31: m5 you make a very valid point so rather than look at last 2 days lets look at the period from 1 July onwards when WD results RNS was released and skeptisism factored into the share price. From 1 July to as of this minute: Hur - 11% PMO - 14% Enq - 7% Tlw - 4% (lower drop but a drop despite including recent good drill results that cause Sp to pop 17%) I accept this is a very simplistic view and you have to look at each company in detail - such as oil price having greater leverage on share price of ENQ than PMO than Tlwl than Hur due to size of debt etc... But my own view is that despite drop to 39p Hurricane is relative to other peer groups, not that disproportionately impacted over the last 7 weeks when it was at c44p post WD. That if we take the base level of 1 July post WD, then derisking through third offload, LC and 5 September ramp up to 65% levels will then be reflected in the share price of Hurricane as skeptisism from WD will then be addressed. Hur won't reach as high level as it would if oil was at $70, but even at current $58 it will still be a lot higher. I accept others will take a different view but just trying to calm the waters in these emotional times.
hello31: Thank you very much Master RSI. True oil price will have a bearing - and as relented in share price of other oil companies. So by comparing Hurrucane share price with other oil companies you can take into account the impact of falling oil price. In our case we also have 6% kerogen sale complicating the dynamics. My interpretation of last month share price graph is that after the CMD optimism on the 11th and before the 47p kerogen sale, the price came down from the 62p level as markets did not buy the optimism and still require assurance that WD result will not impact other wells. Next few days, we will have the assurance and be reflected in higher share price despite the lower oil price.
carcosa: Dear management, The period between updates is way too long. We, as shareholders, check the share price about 20-50 times a day. We have nothing else to do. If you could just issue multiple RNS's a day plus three or four press releases then they may calm down a bit. With Dr T being the main guy perhaps you could keep us apprised of what time he goes to sleep, wakes up, what he has to eat and if you could provide live GPS tracking of his location then that would help too. It would also be useful to know what the quantity of oil at offload, although it may be better to setup a live webcam throughout the FPSO showing oil flow, temperature, density and composition of the oil as it is being extracted. Of course if the control room could also provide daily planned performance criteria with the justification then that would help too. Whilst you are doing all of that could we also have weekly psychological tests of management because clearly the share price performance is linked to the moods of the key players and sunspot activity (no need to burden yourself with the last item as we can find that last piece of information ourselves as part of our DYOR) We would also like to see the planned helicopter activities at least a week in advance and be given a list of all personel flying to and from the FPSO and drilling rig along with their qualifications and purpose of their visit. Weather forecasts would also be useful. This is all in the name of transparency, as I am sure you will understand. As regards the ongoing Lincoln well, I think you have a duty to all shareholders to provide daily updates as regards the progress of drilling and the ongoing findings as and when they appear. As shareholders who own the company we think it only right that you provide us with the price realised for each offload. However we may be capable to calculate that if you just give us the oil quantity in a format which leaves no ambiquity along with the price to three decimal places. Again we do not wish to be a burden which would result in management's time dealing with inane shareholder questions when your task is to manage the company. Some of us have a calculator and between us we may be able to work out the revenue of oil at offload. Finally, although your responsibilities are to create shareholder value by managing the company and its resources to the best of your ability, I really think you should provide daily commentary on the share price (only positive commentary, mind you) because we, as shareholders/investors, have made a right balls up of it all so far. We know its our job to value the company but as a collective group we really suck at it. As a long term shareholder going back to about 3pm yesterday I would consider any false and misleading information that creates, say, a 300% spike in the share price to be acceptable. If you could do that by about 9am tomorrow then we should be in a position to buy some toilet paper to wipe our own asses with; although some help with that may be needed. Finally, again, I would like to say a word about your website. It is full of information. I think you should stop this because it is not working very well. Shareholders and potential investors (along with some analysts) generally do not look at it. You could save a ton of money by getting rid of the website. Actually I might sell my shares now as I am sure I can make more money elsewhere much more quickly. Regards A faithful shareholder
hello31: The NPV (Net Present Value) or theoretical share price per bbl of oil in the last Edison valuation of Hurricane and attributable to 10 year EPS was some $13.30: hxxps:// Post debottlenecking would increase the EPS 2P reserves to 100m plus per the CMD presentations by end of H1 2020. some have commented this could be 120 million barrels - lets stick with 100 million This values Hurricane at 100m * $13.3 = $1.33 bn Divide this by 2.4million shares in issue post debt conversion gives a value of 55 cents or 44p per share. I rest my case that the 2C resources of Hurricane are not reflected in current share price of Hurricane - not even the 2C resources of Lancaster. NONE of it. Not a single penny. Skeptical view would be that we still require bottlenecking - but given their achievements in getting an FPSO and securing 2P reserves at Lancaster it is not a big ask for them to find the gas solution, with or without Spirit. Skeptical view would be that 100m plus of 2P reserves has LC tie in. Yes but even if LC was dry the other 20k could be made up by existing 2 Lancaster wells plus one another to reach 40k capacity and in which case 2P would be higher as well as it won't be net of 50% of Spirit's LC tie in reserves. I have seen valuations of 2P significantly higher than this and it should be higher in the next Edison valuation matrix as op ex will fall by a third to mid teens or $15. NOT a drop of 2C resource of Hurricane is included in the valuation, even assuming just $13.30 per barrel of oil . The institutions would have done their own calculations and came to the conclusion that at 47p block purchase they will make a decent turn on it. So can we. We can't control the share price - only double check our figures to keep our sanity in check.
tournesol: I find it rather surprising that current discussion here has been almost entirely focused on Kerogen's sale of 6% of Hur's stock. This seems to be viewed by some posters as at best clumsy, poorly executed and inept and at worst conspiratorial, malicious and treacherous. Some seem to see it as a strong SELL signal. Others despair and predict that future share price growth will be undermined. But what about the other side of the transaction? AFFM have bought almost all of the shares disposed of by K. Doesn't their purchase imply the exact opposite of K's disposal? Don't the two acts cancel each other out? No, of course not. K has a duty to manage risk, they acquired their shares for the equivalent of (I think) 15p, so it is perfectly understandable for them to trim their holding when the share price is 3x what they paid. Especially given the disproportionate size of to which their holding had grown. K's sale is a normal and prudent act and their retention of a large holding (16%) reflects a very strong testimony to their belief in the company's future. We still have K on board - which is good. And now we have a new large scale institutional investor AFFM whose recent due diligence has led them to view Hurricane as a good investment. So K's belief in the future of Hur is now echoed by AFFM. So they don't cancel out, they reinforce as positive signals. That seems to me to be good news that we should all welcome. Moving on somewhat, if the currently drilling Lincoln appraisal/development well and/or its sibling achieves the expected outcome, the share price will respond strongly. If not, it will languish. But even a poor result at Lincoln should not be catastrophic. Lancaster is performing better than previously forecast. It has not gone away and it still belongs 100% to Hur. IMHO Lancaster alone justifies the current share price. Full field development of Lancaster would justify a significant uprating to the share price. And of course Lincoln/Warwick would not necessarily be written off even if all 3 wells in the current campaign were to disappoint. There is a saying about having to kiss a lot of frogs before you find a prince. Same thing applies to oil exploration. There are many examples of prolonged campaigns taking many years and involving many failures before the stars have aligned and significant discoveries have been made. Of course the EPS could end in tears, and then we would experience real pain but after the CMD presentations, it seems more likely the surprise will be on the upside. If it all comes good we'll soon forget about Warwick deep and Kerogen.
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