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
  -0.30 -0.59% 50.50 10,052,483 16:35:27
Bid Price Offer Price High Price Low Price Open Price
50.30 50.45 51.80 50.05 51.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -60.91 -3.11 989.0
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:11 O 93,000 50.50 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
17:28:5050.5093,00046,965.00O
17:28:3650.50128,15964,720.30O
17:28:1251.108,6664,428.33O
16:36:1050.741,592807.78O
16:36:1050.741,093554.59O
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Hurricane Energy (HUR) Top Chat Posts

DateSubject
16/7/2019
09:20
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 50.80p.
Hurricane Energy Plc has a 4 week average price of 40.76p and a 12 week average price of 40.76p.
The 1 year high share price is 64.50p while the 1 year low share price is currently 38p.
There are currently 1,959,210,336 shares in issue and the average daily traded volume is 28,428,580 shares. The market capitalisation of Hurricane Energy Plc is £989,401,219.68.
04/7/2019
01:18
hello31: Most models had 3p to 4p for Warwick in Hur share price of over 100p The share price never got to 100p. I believe that not even the 4p for Warwick was ever in the 64p valuation on the day of the AGM, so to knock 20p off from the WD drill result s expecting a worse case catastrophe results into Lancaster and Lincoln. BUT Lincoln has been drilled and Lancaster is on ramp up and gong to plans per last RNS) This is why I am sceptical based on WD but my research and analysis tells me to stay in here. I do not think it is blind love.
24/6/2019
10:09
jamesrs1: HUR share price collapsing. Strong sell recommendation from rayrac and Hamid.
14/6/2019
16:04
hello31: Steve, many thanks for your feedback and analysis on the bond conversion. The key date is August 2020 and if the share price is above c78 cents or around 62p then Hurricane can redeem them for the share price at that time. By 14 August 2020 we will know the results of the 2019 and Some of 2020 GWA drill program, have had Lancaster EPS full flow/pressure analysis. The share price may well be above 62p and in which case the Board have to decide if there are other catalyst that wil drive the share price even higher, and if so buy out the bond holders at the lower prevailing market price in August 2022 and avoid the 20% dilution - 2.4 billion shares in issue post conversion v 2 billion shares in issue pre conversion. The bond holders have puts against the share price as I understand it - just in case and to recover their debt amount from the puts if the worse happens. So their actions are as you say depressing our share price now. If that situation continues and share price is kept low, but is above 62p, it may be beneficial to buy them out and apportion the target value of 1 billion barrels reserves by 2022 across 2 billion shares rather than 2.4 billion shares. There may be an extra kick to the Morgan Stanley and others share valuation based on full dilution. It may be another reason to delay full listing till after August 2020, and keep the price lower to reduce the buy out price and costs. It may be another reason to delay a full bud till post August 2020, Buy out the bonds and apportion the value of Hurricane bid offer across less shares - 20% less. There will be cash leaving Hurricane to buy them out but even assuming 100p share price post August 2020 - the costs will be £400m and which Hurricane should be generating in excess of this by 2021 and use it to raise non dilutive debt. In my honest belief and a long term shareholder.
14/6/2019
07:00
steve73: hello13.. Re. the CB's.. htTps://ir.q4europe.com/Solutions/Hurricane2018tf/3942/newsArticle.aspx?storyid=13636627 Paragraphs I particularly noted as follows: >>>>>>>>>>>>.... "Upon conversion of the Bonds, the Company may elect to settle its obligations by way of delivery of ordinary shares, payment of a cash alternative amount (calculated by reference to the volume weighted average price of an Ordinary Share over of a specified period) or a combination of the two." & "The Company will have the option to redeem all, but not some only, of the outstanding Bonds: · at any time on or after 14 August 2020 at par plus accrued interest if the value of the Ordinary Shares underlying a Bond (calculated over a specified period) shall have been at least US$300,000; and · at any time, if 85 per cent. or more of the aggregate Principal Amount of the Bonds originally issued shall have been previously converted, redeemed, or purchased and cancelled (the "Clean-up Call")." >>>>>>>>> The first paragraph indicates that it's the company's choice to pay cash in lieu of delivering shares when they are converted, based on the VWAP over a specified period (i.e. at the time of conversion), so they needn't actually offer more shares, i.e. no dilution.. but if the VWAP share price is (say) 100p, then they need to pay this - clearly much more than the actual conversion price. It is effectively "buying back" any additional share before they are issued. I note you used the term "historical" for VWAP.. I understand it to be "current". For the second section... I'm pretty sure each "bond" is 200k (although not actually stated in the link), so for the company to be able to redeem them early (i.e. between 14 Aug 2020 until normal maturity date of 24 July 2022), the value of the underlying share must be $300k, i.e. the share price must be 50% above the CP, or 78ct (61.42p at current $1.27/BP). So if the share price is over this for a period come Aug 2020, then the company can redeem the Bond (at Par), and the bondholders lose their guaranteed 7.5% pa interest. They perhaps have a reason to try to keep the share price depressed to below this figure, although clearly they may bee better in converting and holding the shares as they rise. (It my understanding that BH's usually prefer the fixed interest, than the risk of holding equity, so this may not be their strategy.) But the early redemption is stated to be at par, so if the share price rises too high then it's in the BH's interest to convert (at the prevailing SP) than allow the co. to redeem at par.. They may try to depress the price for a while, but if it does rise then they will e clamouring to convert BEFOR Aug 2020. At least this is how I understand it...
13/6/2019
02:12
tournesol: I intended to write up my notes of the recent AGM and share them here, but unfortunately I've been having to deal with other more pressing things and I'm still too tied up to do it in a nicely written format. So to avoid delay I'm going to blast out a very brief and condensed summary in bullet point form and that will have to do. What follows does not aim to summarise the slides which were presented but simply to capture some of the voice-over comments. To appreciate them fully I suggest you study the slides alongside the following. HURRICANE AGM 2019 CHAIRMAN 'S OPENING COMMENTS (Steve McTiernan) • Hur started 15 years ago • 2 million man hours spent on Lancaster to-date • funded entirely by risk capital to-date • EPS based on FPSO is on-time and on-budget • cashflow now about to commence • 100% ownership of GLA • Hur is operator • GWA farm-in by Spirit • worth $387 million • benefit > cash received • will accelerate GWA and also GLA • drilling in progress • Hur is operator on behalf of JV • "Activity over next 12 months could be game changing" • But 2 producing wells at GLA EPS cannot prove up the whole of the field CEO's VIDEO CALL FROM AOKA MIZU (Robert Trice by video link) • apologies for lack of personal appearance at AGM • video call next best thing • reserve target = 100 million bbls net by 1st half 2020 • 1 billion bbls by 2022 • 3 key enablers • a) EPS data • b) EPS cashflow • c) Spirit deal • GWA - 3 horizontal wells by y/e • 1 to be tied back to AM • 3 more by end 2020 • all with downhole pressure gauges • FFD by 2021 targetting 500 million bbls • If GWA not successful, will fall back onto Lincoln • Will use equity at GLA to release cash for development (of GLA and GWA) • additional wells will be drilled at GLA between 2021-22 CFO PRESENTATION (A Stobie) See slides available on HUR website • will know about Warwick Deep in a few days • will not be providing any info re Warwick Deep today • there is a Capital Markets Event in July and more info will be released at that time • Project plan for 1st oil at GLA has survived unchanged since 5/17 • Targets for reserves: • 100 million bbls by H1/2020 • +300 million by 2021 • +800 million by 2022 • cumulative 1 billion by 2022 • Lancaster should expand • 6 yr EPS increased to 10 yrs • gas export removes flaring constraint • debottlenecking • GWA tie-back • GLA EPS • max capacity = 20k bopd • after 6 months should be at 85% ie 17k bopd • equates to $200 million pa • opex = $22/bbl @ $60 brent and over 10 yr life • Need 12 months of EPS to provide proof of concept • graph of downhole pressure shows 3 curves • best case - • base case • worst case • best case is not actually best conceivable- just best within constraints • could be exceeded if for example field boundaries can be extended • or if GLA and GWA prove to be single field • Slide 16 = timeline to FFD FIDs • GLA FFD FID = 2022 • GWA FFD FID = 2024 • Whirlwind is different kind of reservoir • work just being started Q&A SESSION Q) Move to main market? A) Lots of boxes need to be ticked - will be late 2020 at earliest before all ticked Q) Convertibles? A) Expire in 2022 - soft call possible in 2020 Q) Best case in field pressure curve chart? A) as above Q)Can shareholders be included in any fund raising? A) No fund raising is planned variations on this question were asked by 3 separate shareholders Q) Value of gas at GLA? A) Low value Q) Justification for oil production vs global warming/climate change? A) UK will be using hydrocarbons until 2050 Q) Oil sold at spot price? A) more or less Q) Who are potential bidders? A) HUR is undertaking to grow. But they "expect to be interrupted". CONCLUSIONS These are mine not Hur's. Firstly, body language and tone of the directors was v relaxed and v positive/confident. Secondly, both Trice and Stobie mentioned the target of 1 billion bbls of reserves by 2022. This is substantially larger than I have been expecting and significantly faster. Whoopee do. If it all goes to plan, then a bid is inevitable, as per Stobie's comment about "being interrupted". The big question is how much can the company bulk up its market cap before the call comes in. The sooner the bid, the more of the ultimate risk/reward will be transferred to the bidder. I think that Hur is now racing to derisk its assets and drive up its share price so that it does not fall to a low ball bid. This is why the Spirit farm-in is so beneficial. This explains the Capital Market Event, it's about getting the market up-to-speed so the share price does not lag behind events.
11/6/2019
15:04
bocase: Oh Dear Oh Dear. Just got back from a very pleasant round of golf to read 70 posts from a load of worry muttons and doom mongers. Can I just point out some facts. On 8th may HUR share price was 45p and is now 54p That is up 20% in six weeks. On 8th May Brent crude was $70 and is now %62. That is down 11.5% So we are up 20% in six weeks whilst crude has fallen 11.5% in the same period. That is a pretty damn good performance I think and if you don't think so then I suggest the stock market is not for you. Now time for a cuppa!!
29/5/2019
18:00
hello31: A reminder of one valuation methodology for Lancaster just over 2 years ago: Why Hurricane Energy plc stock could be worth more than 200p Roland Head | Monday, 8th May, 2017 More on: HUR OPHR Oil and gas investors who latched onto Hurricane Energy (LSE: HUR) during last year’s lows have done very well — the stock is worth 378% more than it was one year ago. Recent news releases from the firm have sent the shares skyrocketing higher. But news today that estimated recoverable resources have risen by 162% to 523m barrels of oil caused the shares to fall by 2%. Why was this? As expected Hurricane’s recent drilling results have made it clear that a significant increase to the company’s resource base was likely. So today’s good news was already reflected in the firm’s share price. The company’s new Competent Person’s Report (CPR) for the Lancaster field assigns 2P reserves of 37.3m barrels to the planned six-year early production system (EPS). According to the CPR, producing this oil should generate a discounted net present value (NPV10) of $525m. That’s a measure of the cash profit expected from the production, discounted at a rate of 10% per year. In my view, today’s report provides confirmation that Hurricane’s Lancaster field has genuine commercial potential over the medium term. However, it’s clear that this value is already reflected in the group’s market cap of £742m. I’d need to see significant additional value to consider investing at current levels. $3bn upside potential? Today’s reserves report and NPV imply a value of about $11 per barrel for Hurricane’s 2P reserves. If we assume that the firm’s best estimate recoverable resources of 523m barrels might be worth half this much, we get a potential value of $2.9bn, or around 185p per share. There’s also the potential for a further upgrade to resources later this year. Today’s CPR only applies to the Lancaster field itself. But Hurricane’s recent drilling results appear to suggest that Lancaster is joined to another of the firm’s fields, Halifax. These could form the basis of a Greater Lancaster Area development. Resource figures for this and the remainder of Hurricane’s portfolio are expected later this year. Although I’m only estimating the potential value of Hurricane’s resources, it seems plausible to me that in time — probably over several years — the firm’s stock could be worth upwards of 200p. https://www.fool.co.uk/investing/2017/05/08/why-hurricane-energy-plc-stock-could-be-worth-more-than-200p/ Please note I am biased and all in based on the trust that Dr Trice provides - even when share price fell to sub 26p around October of that year. Not long wait now. All the best to all.
24/5/2019
09:42
bountyhunter: Oil is picking up a bit today following yesterday's drop which is being echoed by the HUR share price while we await news on first oil and WD
13/5/2019
08:15
bocase: Dow futures down nearly 300 points. A good performance by HUR share price against those headwinds.
29/4/2019
20:41
bocase: Https://bloomberg.com/news/articles/2019-04-29/what-oil-at-100-a-barrel-would-mean-for-the-world-economy?srnd=premium-europe With oil possibly going to $100 by year end, what would it mean for the HUR share price ? Answers on a postcard please.
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