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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
  0.04 0.57% 7.03 4,216,260 16:35:04
Bid Price Offer Price High Price Low Price Open Price
7.10 7.21 7.34 6.62 7.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 240.54 18.21 0.92 7.6 140
Last Trade Time Trade Type Trade Size Trade Price Currency
18:07:50 O 204,182 6.978 GBX

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Trade Time Trade Price Trade Size Trade Value Trade Type
17:08:136.98204,18214,247.82O
16:07:397.012,504175.46O
16:02:476.966,264435.72O
15:35:047.03130,6639,185.61UT
15:30:007.143,838274.03AT
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Hurricane Energy (HUR) Top Chat Posts

DateSubject
05/7/2022
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 6.99p.
Hurricane Energy Plc has a 4 week average price of 5.75p and a 12 week average price of 5.75p.
The 1 year high share price is 12.34p while the 1 year low share price is currently 2p.
There are currently 1,991,871,556 shares in issue and the average daily traded volume is 4,353,115 shares. The market capitalisation of Hurricane Energy Plc is £140,028,570.39.
30/6/2022
10:44
mirabeau: I hope DYOR2 doesn't mind me C and P his superb update from his-her attendance at the AGM - many thanks to that poster from LSE - the future looks very bright now - ---- 'I attended the AGM with fellow SH's and met for our discussion afterwards in the Clarence. Many of the points have also been mentioned by posters, but ultimately it’s how it all affects the share price A P8 drill will be well received by the market, although it is currently being planned to target FB, I would prefer the sandstone. The BOD is looking for acquisitions which will diversify the Company's risk and produce revenue, there is a possibility we will drill and acquire other assets. Our risks with the ESP pumps failing are not catastrophic, it takes a vessel and weather window to replace the upper ESP, the lower maybe able to be brought online. The cost is a few £100K and the down time, weather dependant should only be a few weeks. The Company communications and the promotion of the Company will be improved, going forward, this was acknowledged by the CEO. All in all, a lacklustre performance by the BOD at the AGM, but the news flow with bonds being paid, potential P8 drill confirmed in September and the current cash flow miantained at a lift price of $35 should bring about a lift in the share price A successful P8 brought online next summer would bring us to multiples of where we currently are. '
26/6/2022
08:45
laserdisc: Hur used to read this thread so i am told, i have listed various points for Senseman from this thread, hope its a good AGM i will not be attending it may assist those who attend Direct questions obviously many of which probably will not answer copy /paste delete amend items as you think fit Is the company up for sale ? Hur seems no longer promoted through Edison research, coverage now has been deleted from the HUR website. Private investors did have easy access unlike other coverage notes. How do they propose to market Hurricane for further investment What are the closed periods this year. Is it feasable that Hurricane management will purchase shares in the future The strategy in the past 18mths had been to strengthen the balance sheet.What is their new stratetgy Will the present bondholders be repaid and cleared in full next month Are they aware of any bondholders on the share register What will be the main strategy for the company going forward Is it the companies intention to remain on AIM Does the company have a costing and % downtime if Schlumberger pumps need to be replaced Does the co still hold an inventory of long lead items relating to Lincoln discovery or have they all been written off when the licence was relinquished. If we still hold what value can be attributed to the items Wosp gas pipeline outlook Does the Spirit Energy relationship continue or will this now be dissolved Gas disposal plan was for an initial 3years going forward from now does it need to be re evaluated Is the full use of AOKA Mizu possible within its present anchored location AM is still under capacity if P8 is sidetracked what would OPEX come out at. would it be lower due to fixed o/h What is the commercial value are HUR's historic tax losses in the event of a takeover by an acquirer Economic life of well 6 are they still sticking with 2023 Economic life of well 6 with investment can it be extended further Present opex Current flow rates as of today What would be a fair take over price are they seeking a buyout what plans for a company share buy back and how will share price be influenced? what plans/timescale for dividends, special or regular, if no further drills being planned? prediction of cash in bank end of 2022
25/6/2022
16:09
laserdisc: Direct questions obviously may not answer Is the company up for sale ? Hur seems no longer promoted through Edison research, coverage now has been deleted from the HUR website. Private investors did have easy access unlike other coverage notes. How do they propose to market Hurricane for further investment What are the closed periods this year. Is it feasable that Hurricane management will purchase shares in the future The strategy in the past 18mths had been to strengthen the balance sheet.What is their new stratetgy Will the present bondholders be repaid and cleared in full next month Are they aware of any bondholders on the share register What will be the main strategy for the company going forward Is it the companies intention to remain on AIM Does the company have a costing and % downtime if Schlumberger pumps need to be replaced Does the co still hold an inventory of long lead items relating to Lincoln discovery or have they all been written off when the licence was relinquished. If we still hold what value can be attributed to the items Wosp gas pipeline outlook Does the Spirit Energy relationship continue or will this now be dissolved Gas disposal plan was for an initial 3years going forward from now does it need to be re evaluated Is the full use of AOKA Mizu possible within its present anchored location AM is still under capacity if P8 is sidetracked what would OPEX come out at. would it be lower due to fixed o/h What is the commercial value are HUR's historic tax losses in the event of a takeover by an acquirer Economic life of well 6 are they still sticking with 2023 Economic life of well 6 with investment can it be extended further Present opex Current flow rates as of today
25/6/2022
13:14
mirabeau: Crystal Amber says that if production from Lancaster continues on its anticipated trajectory, Hurricane should be able to generate revenues of approximately $550m (£409m) and operating free cash flow of $278m (£207m) by 2024, based on Brent prices of $85.4 per barrel and the forward curve. The fund notes that P6 is currently producing in excess of Hurricane’s guidance, with January’s output above the 9,100 bpd forecast for that month. It adds: “The Fund believes that production could be extended through to at least January 2025 and, if so, based on the rate of production decline published by Hurricane in May 2021, this could generate revenues of approximately $750 million [£558m] and operating free cash flow of approximately $375 million [£279m], equivalent to 14p per share.” In the event of any corporate transactions, Crystal Amber said additional benefits to shareholders could also be realised from the company’s historic tax losses. and Life extension Ashley Kelty, an oil and gas analyst at investment bank Panmure Gordon, said there was “likely to be greater recovery” from the Lancaster field, but that additional work would be needed to sustain production and longevity. “Given that crude prices are much higher at present – and not likely to soften any time soon – the economic cut-off is likely further out. However, Hurricane is in a trickier position as it would have to extend the lease for the FPSO in order to recover those reserves,” he said. “If it does extend the lease, then it would likely have to reinvest in the field to increase production.” “The next few months will be key – whether Hurricane does extend the lease and manages to repay the remaining debt,” he noted, but said that with oil prices at $90/bbl, its lease should be extended. https://www.energyvoice.com/markets/383982/hurricane-energy-crystal-amber/
23/6/2022
06:09
gersemi: Hurricane's bulging coffers should open up new opportunities - 10 June Canaccord Genuity upgrades Hurricane Energy to 'speculative buy' Analysts at Canaccord Genuity upgraded exploration and production firm Hurricane Energy from 'hold' to 'speculative buy' on Friday, stating the company had "weathered significant storms" that had nearly left it shipwrecked. 17:30 22/06/22 Canaccord Genuity said Hurricane's fortunes appeared to have changed, with winds "gentle" and the waves "calm", while all the elements also appeared to be "responding kindly" to the company's wishes. "It is clear how this transition has come about; good operational management, continued better-than-expected P6 well productivity, very high levels of operational performance from the Aoka Mizu FPSO, and much-improved oil prices," said Canaccord. "It really needed convergence of all these to put Hurricane in its current position, where the company has rapidly pivoted from a potential existential threat to a much brighter future with growth options." The Canadian bank, which kept its 9.0p target price on the stock unchanged, highlighted that largely fixed costs had enabled a matrix of production/oil price combinations that defined project cashflow neutrality. "At our oil price assumptions, that is around 5,200 bopd, but more optimistic oil pricing (though still in line with the forward curve) would reduce that level to around 4,600 bopd. Based on guidance production declines that would extend production by about three months," said the analysts. "On that basis, assuming continued single well production, we anticipate positive asset cashflow into early 2024; and an additional successful producer would extend that to mid-2025."
14/6/2022
09:51
senseman: kooba - last post is what i posted on lse earlier. i agree share price a pain - I take comfort that it's only PIs (who own circa 20% HUR so smallish 'free float') selling which has driven share price down. so not overly worried as good news will see flow back in. and as you say, $ strength is good. uncertainty and need for patience always the killer. we are stuck in 'wait & see' time. windfall tax will certainly have both HUR & CA scratching their heads. and for us Brent price a godsend
14/6/2022
09:40
senseman: Yesterday's musings omitted the obvious proviso and biggest HUR risk - namely the single well dependency. Any problem, even a 2-3 week shutdown to get 2nd pump up and running, would significantly impact recovery progress & share price This concern will have been CA's biggest impetus for timely exit as soon as share price reached acceptable level. Even a Rolls Royce (well 6) breaks down occasionally. And full credit where due to Maris that operational performance has been exceptional. Others knowing his background have posted that he is a good COO, which requires different skill set to CEO. Whereas pre-windfall tax the intention may have been to not address the single well dependency by risking investment funds, the tax effectively obliges HUR to now do so (the no-brainer) in preference to donating funds to taxman. The single well risk has always been live. It was just pointless expending much thought towards resolution whilst bonds still live and zero or piddly free cash. And that without having safety first chief execs with no skin in game save salary, and CA's winding up position. The new tax, and soon to be decent free cash protection, changes things dramatically and enables the single well position the issue to be addressed. The question now is - how quickly & pragmatically can it be addressed?
13/6/2022
17:39
senseman: Been musing CA SHs are happy SHs as significant dividends are a regular feature. It would be a fair guess that, pre headache tax announcement, HUR planned to throw off part of increasing free cash as special dividend, then repeat at 6 monthly intervals. I can imagine 2 things may have been planned:- (i) 3-5p as special dividend (ii) investment partner sought for LanFax, with HUR providing licenses, acreage & AM, partner providing cash, profits split 50-50. HUR thus at zero financial input exploration/development risk. Thus HUR (& CA SH cash) finances wholly derisked. Good deal for HUR & new partner. Special dividends would negate HUR's cash mountain being donated at huge discount as part of any eventual sale of HUR in total, or CA's 28%. Consider the selling a car analogy - a buyer usually wants all the extras (aircon, satnav etc) for top of the range model thrown in for free. HUR has acreage, licenses, FB knowledge, data, mega Well 6, AM, huge tax credits....and growing cash pile. It makes sense to not include the cash pile as part of any deal in which the seller will never get fair/full value. Better that cash goes to SHs whilst retaining smaller safe operating cash pile. Now consider 5 things:- (a) Do the sums and find that IF Brent stays at $120, by end Jan 23 (4 more offloads) HUR free cash will be circa $200 mill NET of 25% windfall tax. (b) Well 6's recent stabilisation trend is outperforming all expectations. Should that trend continue, allied to long term Brent above $100, the genuine possibility arises of Well 6 economic production alone extending to Jan 25 or even beyond. This raises the question - how much free cash profit over and above $200 mill would this throw off? A further $250 - S300 mill Jan 23 - Jan 25? $500 mill equates to 25p in dividends alone (c) Windfall tax underwrites (F.O.C) all or bulk of HUR's at present 'go it alone' sidetrack/ 2nd well development. What if it succeeds in good time? (d) The above means that HUR (& CA) can continue their possible plan to use profit flow for regular dividends, with the benefit of a small forward plan underwritten by windfall tax sums. (e) Given this rapidly changing landscape & increasingly positive financial upside, CA may be minded to seek it's SHs' agreement for extension of time for winding up it's HUR element. Why exit HUR whilst zero risk cash is being thrown off? More time = more cash + more time to find partner/ buyer willing to agree fair value deal? As I said - merely musings.
13/6/2022
11:08
senseman: There has been much argument since last Dec re 2 aspects restraining market confidence (i) single well dependency (ii) chief execs. Always thought arguments a snooze till July as HUR hamstrung till bonds gone + $100 mill spare in bank. Can't do anything without money. Well 6 problem free till July was only imperative, with as high Brent as poss. Prayer mats were used - prayers answered - and now HUR has (bar the shouting) done it. Despite offload due end July It may take till mid August monthly cash & production update for a semblance of formal financial clarity to impress market (bonds gone + $100 mill in bank). Meanwhile the windfall tax curveball should necessitate the (i) single well dependency issue to be addressed - there is June update, AGM ,& July update for this to occur. The tax may transpire to be a blessing in disguise (at $120 HUR receiving $100 Brent cash profit + free exploration/development). Meanwhile If (as seems probable) (ii) CA have resolved to stick (and not twist) with chief execs, the BoD confidence issue will likely remain unaddressed. CA cannot be blamed. It is important we PIs recognise this. CA did not elect to be wound-up, and are obliged to do what is best for their SHs within a certain timespan. It will be the inevitable first time that CA interests to a degree digress from PIs. Put another way - I am sure CA's exit timeline & decisions would differ if they were not obliged to wind-up - they will know the potential lost upside of a 2nd producer allied to dynamic new chief execs fully aligned with SHs interests. Whilst current share price malaise is inexplicable & unnerving, the next 2 months will see considerable positive news flow & likely increased positive media coverage. No institutions are selling, It is only PIs 20% being sold/bought currently dictating share price In Jan this year all SHs would have given eyeteeth for HUR to be in it's current position. I expect mid Aug to see markedly different SP
31/5/2022
06:43
sji: telbap: agree exactly with your thoughts! The fact that it's taking so long to declare our future patch makes me feel that our BOD are more interested in selling out rather than plan for the future of HUR. IMO, selling out now will bring a much lower price than if HUR was to go forward for another couple of years. Unfortunately, however, selling now could be a good result for CA too even though not for long-term shareholders like myself whose average price is much higher than the current share price!
Hurricane Energy share price data is direct from the London Stock Exchange
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