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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
  -0.09 -2.39% 3.67 12,463,593 16:35:26
Bid Price Offer Price High Price Low Price Open Price
3.65 3.70 3.822 3.40 3.77
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 170.28 -1.81 2.97 1.2 73
Last Trade Time Trade Type Trade Size Trade Price Currency
16:39:51 AT 5,695 3.67 GBX

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Hurricane Energy (HUR) Discussions and Chat

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Hurricane Energy (HUR) Top Chat Posts

DateSubject
28/2/2021
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 3.76p.
Hurricane Energy Plc has a 4 week average price of 2.40p and a 12 week average price of 2.15p.
The 1 year high share price is 17.61p while the 1 year low share price is currently 2.15p.
There are currently 1,991,871,556 shares in issue and the average daily traded volume is 19,462,298 shares. The market capitalisation of Hurricane Energy Plc is £73,101,686.11.
28/2/2021
17:30
leoneobull: "DYOR2Posts: 10Price: 3.686Strong BuyRE: New investor hereToday 13:48I think the BOD had a duty to point out the worse case scenario in that RNS, something which the HURs BOD have been good at in the last 9 month.As @Cashking has noted the economics which drive everything has changed into a positive perspective if managed correctly.Personally I don't think dilution is necessary at this juncture we have enough cash in hand and can generate enough to drill and develop the proposed FWP. Dilution if required would be better at a higher share price in 2022 when HUR are receiving greater production or secured prospects of higher revenue and before the CB's settlement is due, in that scenario, if that is needed to secure the long term future of the Company the counter positive affect on the share price may not be negative.For me we are in the hands of the BOD to negotiate some good deals with stakeholders, we have the 2C reserves to explore and produce.GLA"
22/2/2021
12:02
onlylongterm9: Post from lse bb today: “TopCat81 Today 11:06 Posts: 133 Price: 3.50 Well raised point Kammi, some tend to forget that still today, HUR is a relatively significant producer, and with rapidly risen oil prices (Brent today at ~$64 and still rising), HUR could potentially increase it’s company net-cash by noticeably game changing amounts going forward, not to mention huge potential in it’s vast assets/licenses for further exploration, development, and subsequent increased production via various options including farmout agreements, HUR suppressed and possibly manipulated share price will not stay at these unrealistically lowball levels for long, recent institutional short closures are a testimony on same, DYOR.”
18/2/2021
21:47
porrohmahnn: "18 February 2021 16:36 UTC Price Monitoring Extension RNS Number : 6375P Hurricane Energy PLC 18 February 2021 Price Monitoring Extension The auction call period has been extended in this security by 5 minutes. Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices" Then another one; "18 February 2021 16:41 UTC Second Price Monitoring Extn RNS Number : 6396P Hurricane Energy PLC 18 February 2021 Second Price Monitoring Extension A second and final Price Monitoring Extension has been activated in this security. The auction call period is extended in this security for a further 5 minutes. Following the first price monitoring extension this security would still have executed more than a pre-determined percentage above or below the price of the most recent automated execution today. London Stock Exchange electronic order book users have a final opportunity to review the prices and sizes of orders entered in this security prior to the auction execution. The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices"
15/2/2021
10:06
back2basics1: HUR is likely today the most undervalued/oversold share trading in the U.K. markets based on company forward potential & fundamentals including significantly increasing net cash, huge tax credits, extremely prolific West Shetland acreage to further explore and develop along with rapidly rising oil prices. Hence now with updates (including CPR) imminent here, and brutally kitchen sinked share price currently priced for Armageddon, HUR has potential to be THE U.K. stock market Multibagger of 2021 with truly massive upside potential ahead, DYOR, and GLA.
09/2/2021
20:23
mhin2: just need Hur to keep producing, and develop a forward plan that is sustainable...lets hope there is sustainability ...if so...as the saying goes `bobs your uncle'...not long to find out, and good to see the shorts reducing. I am not sure USD 60 is sustainable, but oil keeps rising, and Hur building up their coffers. Surely hur could buy out the corporate bonds (current value) with their current cash position...ok that would leave no money in the coffers, but HUR would be debt free. Could to with stabilization, Lincoln on stream, forward plan, and a CPR that says the `kitchen sinking' was a tad pessimistic (did the BOD not say it was the worst case scenario...and well 6 may have problems in 2022). Brent currently at 61.256 USD, good cash flow/profit for HUR, long may it continue! In the meantime, one of the necessary conditions satisfied. We await news on the others. Further, lets assume a cost of production as 30US and sale of 60US...30 USD profit at 11,000 bopd thats over 110m USD profit over the year (with 4 week shut down). Lets see where, and at what level, hur, production can be sustained...the BOD have intimated that there are prospects, and we know there is oil! Short at your peril, CFD's well that is a risky proposition given the trajectory of Brent and the unknown future beyond the `kitchen sinking'. Would I buy more, not until some news...or indication of major buying (ie a leak/insider trading, which seems highly plausible given the way the share price has moved from its lows- that has been slow and subtle). Lets see what transpires...NMGS is quite certain where hur is going....for me its the learning curve.
08/2/2021
19:24
back2basics1: Even more institutional Short closures noted here today, as Polygon Global just further reduced their HUR Short position on Friday (5th back to back HUR Short position reduction by Polygon since 27 Jan of this year!), keep them coming, it’s now becoming crystal clear that HUR share price is currently way too oversold/undervalued all while awaiting imminent key company updates this very quarter, DYOR. hxxps://shorttracker.co.uk/company/GB00B580MF54/
08/2/2021
16:57
tournesol: Canetois Shame on you. How dare you criticise someone with genuine insight and expertise who takes the time and trouble to share it. How dare you suggest an underhanded motive. That says far more about you than it does about Steve. Of all the people who have posted here, it seems to me that all - or nearly all - of those with technical expertise relevant to oil production and reservoir engineering/operations - are now in the pessimistic camp that regards Hur as more or less uninvestable. (eg Steve73, NGMS, DSPP) Likewise those with professional experience of oil and gas investing and investment analysis (eg Hidden Depths) Likewise those (like me) who have worked in O&G but not in the technical disciplines listed above. (I was in IT and cyber security and management consulting - mostly but not exclusively in O&G) Likewise those seasoned amateur investors without direct industry experience but who have specialised in investing in O&G for 20 years or more (eg TGG) Doesn't that give you pause for thought? All of the above have taken an unusual degree of interest in Hur. Why? Is it because:- 1) They aspire to drive the price down so they can profit from shorting and/or trading? Obviously not. They are all transparently honest and have all said they do not short and their posting history reveals no interest in short term trading. In any event they are intelligent enough to know that their efforts here can have no perceptible effect on the share price 2) They are indulging in schadenfreude and take pleasure in the pain felt by investors facing un-crystallised losses? Again that is obviously untrue. They are not claiming to be infallible. They have themselves all suffered losses here. Many of them have owned up to failed investments elsewhere so are not pretending to be "better" than anybody else. They know how gut wrenching it is to lose 95% of an investment. 3) Hur is an unusual case. It seemed to be doing something genuinely innovative using genuinely innovative technology and led/managed by an apparent eccentric genius. It seemed to have unprecedented potential with billions of barrels claimed as resources. Pre-production work went like a dream. the modifications to the Aoks Mizu, its voyage across the world through dangerous waters, the heart in mouth hooking up of the bouoy, the triumph of the start up of the EPS - all this was such a resounding success that it gave shareholders confidence in the narrative that that stretchedc ahead to a successful EPS, a FFD and the extraction of billions of barrels of oil. Dr T was like Maximus in the Collosseum. He seemed an all conquering hero leading a small but indomitable band who vanquished all opposition. How could such a story not have a happy ending? And yet it all went wrong. And some of us cheering from the sidelines started to see that and stop cheering. And as things went from bad to worse, we left our seats and exited. Two things stopped those leaving early from simply going away. First the story of Hur is possibly the most interesting situation we have ever encountered in 20 years of O&G investing. Secondly many of the spectators have still not processed the fact that Maximus has left the building, the gladiators are dying one by one, the end is now inevitable. Those outside are aghast at the avoidable carnage that has been wreaked on those remaining within. They see people trumpeting unrealistic optimism and they do what they have been doing for 20 years or more. They share their honest opinions because they hate to see people suffer when there is no need. It's not altruism, exactly. It's instinct. And it's fascinating. In my case I was 100% sold on the story. That doesn't mean I thought it was a 100% certain to succeed. It does mean that I thought the balance of risk/reward was very advantageous. I recognised that the R/R balance had swung against investment when the share price was in the teens and promptly exited. That was not because I thought success was impossible, but the balance of risk/reward were no longer favourable. I posted my assessment here at that time. Anybody who saw my comments then can have no grounds for complaining. Action at that time would have avoided a loss of 75-90% based on the share price at that time. It seems to me absurd that those, like me, who have exited and whose exit decision has been vindicated by subsequent events should be criticised for maintaining an interest here.
05/2/2021
20:25
fat frank: From HAMMAN Report dated 14.01.2021 "Q4 production and water cut in line with guidance Hurricane’s Q4’20 production averaged 12.7kbbl/d with a 25% water-cut. For the final 4 months of the year, production of 12.5kbbl/d was within the 12-14kbbl/d guidance range. The current production of 12.1kbbl/d and water cut of ~25% remains steady. The water production level is well within the handling capacity of the FPSO but the well production rate has been choked back to manage the reservoir and avoid water coning issues. In 2021, we expect production of 11kbbl/d, a moderate decline, which may be partially offset by a Q4 bump from the 205/21a-7z well re-entry. Strong December cashflow generation demonstrates Lancaster’s potential Hurricane’s 19th cargo of Lancaster oil was lifted at the end of the year. Given the higher oil prices in December (>US$50/bbl Brent) and a much-reduced discount to Brent (US$2/bbl in H2’20 versus US$10/bbl in H1’20), Hurricane was able to increase its free cash flow position by US$19mm over the course of December (>25% of Hurricane’s market capitalisation). This demonstrates Hurricane’s leverage to the oil price and the cash flow generation potential from the asset if it can maintain or grow production in a >US$50/bbl Brent price environment. At US$42/bbl Brent in 2020 (and with a realised price of just US$35/bbl), we estimate that Hurricane was able to generate US$74mm of EBITDA or post-tax cash flow (pre-financing costs) from 14kbbl/d of production. Lancaster further development and funding options being considered We continue to see considerable value remaining in the Lancaster asset if funding for further development of the field is forthcoming. Hurricane currently has ~US$105mm in available cash (versus a market capitalisation of US$70mm and outstanding convertible bonds of US$230mm) plus we estimate ~US$50mm in restricted cash. The company is also free cash flow positive at current oil prices and production levels. HUR remains very geared to oil prices: at current production rates of 12kbbl/d, we estimate US$40mm of incremental cash flow if oil prices move up $10/bbl (>50% of the current market cap for just one year’s production). Also, if it can boost production by 5kbbl/d, over the course of a year based on a US$50/bbl realisation, this would add ~US$90mm of revenue with little incremental opex. Further development plans for Lancaster have been refined The first development solution is to bring on a new production well through the re-entering and side-tracking of the 205/21a-7z well, to add a significant amount of incremental production starting in Q4’21 and at an estimated cost of US$60mm. This could potentially allow production to return to 20kbbl/d in 2022. The other project mooted is the implementation of a US$75mm water injection scheme in the NW of the field in 2022, which on our estimates could add 10mmbbl of 2P reserves (from 2C resource) and at US$60/bbl Brent would be worth US$231mm or 9p/sh unrisked (we carry 5p/sh risked in our NAV). A pilot well to derisk the feasibility of this could be drilled relatively cheaply (~US$10mm in 2021) if the side-track takes place. Valuation: no change to our risked NAV of 10p/sh Our risked NAV is 10p/sh (US$60/bbl Brent flat long term; 10% discount rate). Our core NAV only includes the value for the 2P reserves (worth 10p/sh risked) and including the liabilities gives a core NAV of 2p/sh. Even with the heavily downgraded contingent resources, we have a value of >40p/sh unrisked for the 2C resource, which on a risked basis is worth 8p/sh. The US$459mm net asset value held on the balance sheet for Lancaster implies a value of US$8/bbl for the remaining 2P reserves and 2C resources, totalling 57mmbbl. Assuming 11kbbl/d of production in 2021, we expect Hurricane to generate between $45-125mm of EBITDA (no tax payable on this) between US$40-60/bbl Brent. We expect non-discretionary capex of only US$6mm net in 2021, relating to the abandonment of the well on the Lincoln field." Can you explain to me(seriously I am genuinely interested) why you know better than one of the most respected experts within the sector? Again when you look at their calculations bear in mind that Brent is now heading to $65.
04/2/2021
16:42
porrohmahnn: Here's their calculation. See if you can spot the errors; Valuation Model 2 Stage Free Cash Flow to Equity Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below Discount Rate (Cost of Equity) See below 12.9% Perpetual Growth Rate 5-Year Average of GB Long-Term Govt Bond Rate 1.0% An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated. Calculation of Discount Rate/ Cost of Equity for AIM:HUR Data Point Calculation/ Source Result Risk-Free Rate 5-Year Average of GB Long-Term Govt Bond Rate 1.0% Equity Risk Premium S&P Global 6.0% Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 1.2 Re-levered Beta = 0.33 + [(0.66 * Unlevered beta) * (1 + (1 - tax rate) (Debt/Market Equity))] = 0.33 + [(0.66 * 1.196) * (1 + (1 - 19.0%) (420.43%))] 3.859 Levered Beta Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) 2 Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium) = 1.00% + (2 * 5.96%) 12.92% Discounted Cash Flow Calculation for AIM:HUR using 2 Stage Free Cash Flow to Equity The calculations below outline how an intrinsic value for Hurricane Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 10 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity. AIM:HUR DCF 1st Stage: Next 10 years cash flow forecast Levered FCF (USD, Millions) Source Present Value Discounted (@ 12.92%) 2021 1.9 Analyst x3 1.68 2022 92.27 Analyst x3 72.36 2023 275.28 Analyst x1 191.19 2024 452.75 Est @ 64.47% 278.47 2025 658.44 Est @ 45.43% 358.64 2026 869.8 Est @ 32.1% 419.56 2027 1,067.86 Est @ 22.77% 456.16 2028 1,241.28 Est @ 16.24% 469.57 2029 1,386.1 Est @ 11.67% 464.36 2030 1,503.47 Est @ 8.47% 446.05 Present value of next 10 years cash flows $3,158 AIM:HUR DCF 2nd Stage: Terminal Value Calculation Result Terminal Value FCF2030 × (1 + g) ÷ (Discount Rate – g) = $1,503.472 x (1 + 1.00%) ÷ (12.92% - 1.00% ) $12,739.15 Present Value of Terminal Value = Terminal Value ÷ (1 + r)10 $12,739 ÷ (1 + 12.92%)10 $3,779.48 AIM:HUR Total Equity Value Calculation Result Total Equity Value = Present value of next 10 years cash flows + Terminal Value = $3,158 + $3,779 $6,937.48 Equity Value per Share (USD) = Total value / Shares Outstanding = $6,937 / 1,987 $3.49 AIM:HUR Discount to Share Price Calculation Result Exchange Rate USD/GBP (Reporting currency to currency of AIM:HUR) 0.733 Value per Share (GBP) = Value per Share in USD x Exchange Rate (USD / GBP) = $3.49 x 0.73 £2.56 Value per share (GBP) From above. £2.56 Current discount Discount to share price of £0.026 = (£2.56 - £0.026) / £2.56 99.0%
03/2/2021
09:57
bearnecessities33: Post from lse HUR board today: “HUR - Time 2 Significantly Add/Buy Here Because...........03 Feb 2021 08:59 Brent Oil at circa $58 and gaining momentum Tanker ready with HUR crude about to Offload again HUR Net-Cash now significantly on the Rise Vaccines In the making and very tight Supply/Demand fundamentals ahead for Crude Shorts Unusually/Rapidly Closing HUR Short Positions with same trend likely set to continue Company CPR due by end of Q1 post an extreme/strange Kitchen Sink of Assets last September Forward Plan Funding Updates, Ops. & Logistical Options all imminent/looking positive with current tailwinds in place Extremely vast prolific West of Shetlands acreage to further explore & develop with variety of options including farmout O&G M&A on the rise Massive Company Tax Credits ready for utilisation ..................................................................................etc.................... So much potential here and yet HUR share price very strangely still trading under 3p! This crazy low valuation cannot last, IMOO, please DYOR, and GLA”
Hurricane Energy share price data is direct from the London Stock Exchange
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