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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
  +2.30p +4.30% 55.75p 6,630,818 14:08:49
Bid Price Offer Price High Price Low Price Open Price
55.65p 55.80p 55.95p 53.40p 53.50p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -60.91 -3.11 1,092.3

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Hurricane Energy (HUR) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
13:25:0055.792,6881,499.50O
13:22:0455.704,0002,228.00O
13:21:3055.7919,06610,635.97O
13:19:0055.756,0003,345.00O
13:18:0655.6975,00041,770.13O
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Hurricane Energy (HUR) Top Chat Posts

DateSubject
17/6/2019
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 53.45p.
Hurricane Energy Plc has a 4 week average price of 52.30p and a 12 week average price of 44.12p.
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 14,327,878 shares. The market capitalisation of Hurricane Energy Plc is £1,090,300,551.98.
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...
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.
28/3/2019
20:15
bocase: I can't believe how many short term traders there are all of a sudden and even more surprising is how they expect the share price just to go up. HUR share price has the potential to be worth £2, £3 £4 or more but the value of a company does not change over night. Little by little it will rise but with as many down days as up days. It would be foolish to expect otherwise.
22/3/2019
09:32
porrohmahnn: If we add together the most optimistic estimates of oil initially in place in Hurricane's three CPRs, it comes to 24,383 million barrels (excluding Typhoon and Tempest). If one or both of GWA and GLA are single reservoirs, that number might rise further. Hurricane is currently targeting 37 million barrels of 2P reserves with the Lancaster EPS. The 1P figure is 28 million and the 3P is 49 million. The CPRs identify 3,497 million barrels of 2C contingent resources and Hurricane has said that it hopes to recover 2,600 million barrels in the fullness of time. That’s about 10% of the most optimistic estimate of oil initially in place but 32% of the least optimistic estimate which is 8,123 million barrels. It’s reasonably normal for massive reservoirs to yield 25% of the oil initially in place. Sometimes they can yield 70% or more. In other cases, results have fallen well short of what CPRs have indicated. As can be seen, there are a huge range of possible outcomes from Hurricane’s portfolios and that’s before we look at technical risks, future oil price, new energy technologies, carbon emission restrictions or whatever. Even if we ignore external factors, it's going to be four or five years before it is known, objectively, how Hurricane's four main fields are going to perform in the real world, what the total oil initially in place is and what proportion might reasonably be expected to be recoverable. Even then, there will be many elements of uncertainty. Nine wells are planned over the next three years. Halifax isn't currently planned for drilling until 2021 and, by the time the CPR is completed and an extended flow test to an EPS is carried out and fully analysed, we could be into 2023 or beyond. During this four or five year period, new information will progressively become available. Each announcement, whether good news or bad, has the potential to affect the share price. Each announcement will either build confidence or add to doubt. External factors are an additional risk / potential benefit. Hurricane has massive potential but remains a high risk investment because of the number of unknowns. I'm not surprised by how the share price has behaved since hook-up. First oil might not have a huge effect on the share price either. What we really need to know is how the Lancaster reservoir behaves and this will remain an unknown until an extended test of its characteristics can be completed. Markets sometimes speculate about unknowns, as is currently the case with Hurricane, but real value is based on facts, not best-case CPR figures or speculation. I suspect it will be four or five years before there are enough facts to objectively value all of Hurricane's assets. During that period, the progressive release of new information will result in a better understanding of Hurricane's value and that understanding, whether good news or bad, will be reflected in the share price. It is possible that a farm-out deal for GLA or a take-over offer for Hurricane could happen sooner rather than later. If this happens, it may significantly undervalue Hurricane's potential because it will be based on incomplete information. I sometimes wonder whether the GWA farm-out was done too cheaply but I’m not an expert in such matters. Time will tell. I am optimistic about Hurricane's future potential and regard it as a good long-term investment. As a result, I'm not too bothered about short term price movements from hook-up or first oil.
19/3/2019
11:10
evilgenius: First of all, Congratulations to the Hurricane Team on successful Hook Up and all the Genuine Share Holders.My thoughts three hours into trading. I think even by the most conservative standards, the share price movement this morning has been extremely disappointing.I think a number of factors may be causing this of which the most significant explanation would be that the Hook Up being a formality and more a case of when than if, the share price has already accounted for this news. However, given that there was risk of damage and therefore delay, why this risk would have been essentially fully priced in, I do not understand although the rise from 44p to 51p is not too shabby in hindsight.Given 3 weeks to FOIL, as a speculator, or potential new investor, why invest today when investing closer to the event would be sensible. Honestly, had the share price gone to 60p or beyond, I would have liquidated my entire holding and sat out and observed to come back in as the share price would inevitably have fallen. With the share price not having risen anywhere near as expected, at least not at the time of writing, the share price is unlikely to have this level of roller coaster volatility up to FOIL.I also feel that the unsuccessful hook ups and the excitement and then disappointment cycle has certainly dampened down investor appetite and may require a couple of favourable events to begin recreating the buzz about Hurricane again.Looking at the Shares purchased and Shares sold today, there is approximate parity with a minuscule bias towards the buy side. I see earlier comments suggesting once the sellers clear out, the price will rise but having looked at snapshots throughout the morning, this doesn't appear to be the case as sales were lagging far more significantly behind buys but have caught up now to parity suggesting sales have been increasing at a faster pace than buys over the morning. I feel in hindsight that FOIL is the significant factor although given the way things have played out this morning, I am revising my target at FOIL to be in the 60's. I do not see 70's and beyond given the events of this morning.I appreciate I will have a lot of responses criticising my negative post but it is a revision of my thoughts in light of this morning. However, I am still bullish on Hurricane and still deem it to be a quality asset that will require more time and information to consolidate and uplift its share price into 70's and beyond.Having said that, it could be that Demand is being held back for FOIL and we will have a huge uplift in the share price at that event although given how Bullish Dr T is regarding flow rates not being an issue, I am not holding my breathe.
Hurricane Energy share price data is direct from the London Stock Exchange
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