Hurricane Energy Takeover Rumours (HUR)


Hurricane Energy Chart

Hurricane Energy Takeover Price

Hurricane Energy Takeover Forum Posts

Buzz CA is trying to rest the management of a second investment trust. The deal helps one of his big shareholders and early backers Neil Woodford. So having cash on hand is definitely part of their agenda at the moment. Much bigger fish for CA than just adding another 23m additional Hurricane shares. £5m of cash to go into the market and control the management takeover might be much more lucrative long term? Looks like Bernstein is looking to personally move up a division in the investment trust world. He has probably been looking at how much star managers now make!
The real action will be a takeover but who knows when that will materialise.I’ll accept that the sp may fall back after foil. However, there will be real action from increasing production and cash flow over the months following, and possibly from GWA too. So a takeover is only the real action if it happens this year, probably before Q4. I’m not at all sure that will happen. HUR have always been clear they will play the long game, and with a Spirit, they can keep playing for longer still. I still think the logic of a takeover or FO to get the GLA FFD on track ASAP is inescapable, but it may not happen soon. With the eps producing and the GWA carry HUR won’t need to rush to accept any offer.
I think it's unlikely that the SP will hold 70p it will settle at 50p IMHO There will be a lot of selling on FOIL including long term holders taking a profit and maybe looking to buy back lower. No doubt it will all be blamed on CA!! After FOIL there will be drilling news but whether that will push the SP up I have no idea. The real action will be a takeover but who knows when that will materialise.
The Spirit deal appears to have nicely clouded the takeover bidders. Hopefully developments can run ahead fast enough to outrun potential early predators? On the first oil, I get the feeling that the weather delays on the hook up means he was not keen to get ahead of himself on timelines. Still betting on first oil in the last week of this month, so time to move some more into the isa.
Greyingsurfer, Yes agree, I think NPE got so cheap was because of 2008 crisis and every stock was rock-bottom, however, NPE stayed rock-bottom longer than most if I recall as it seemed a bit boring and seemed subdued. but by takeover was excellent returns, but not to say it will not happen again here..Inshalla
They did. I was in Nautical and it was a great investment, but the times were very different then. Oil was on a high, and had risen massively over the previous decade. SPs were jumping 10s of % on news of wells spudding, let alone the results. Large takeover premia were being paid. I think HUR is a good investment, and those invested, which includes me, will do well, but I don’t expect the sorts of excitement we used to see in the sector repeated here.
HD Thanks for that.....the mother of all takeover battles!!!!
chopsy. Many thanks for your post yesterday afternoon. I shall refer back to it in future to see how well HUR is keeping to its plan. Your posts are always very useful. What is your opinion on takeover or not in next 18 months. Again many thanks.
There's been a lot of talk on here about a takeover at a £1/1.50, not such a great return considering the risks involved in the EPS. Maybe peeps are holding off till the concept is proven and have used hookup as a trading op?
fn... yeah, maybe, but if it was a dead cert they'd have got the funds from somewhere... or a partner or takeover... It's always been the uncertainty that's driven the softly-softly approach.
'Really surprised this has not been a takeover target yet' If all goes to plan it will be... BH
Really surprised this has not been a takeover target yet
Laser we would all like to see commensurate rises along the way, after all a bid is normally judged on the premium to the prevailing price and we would all benefit from that being as high as possible at the time. Anyway I am not expecting a takeover for at least two years. Other corporate actions such as F/O much more likely IMHO. My price predictions are still the same, i.e. £1 end of Q1, £2 end of Q2, £3 end of Q3, £4 end of year. That's not outwith anley's predictions, given hookup this weekend then FOIL 20-22 days later. Slap me with a kipper if it turns out I am wrong.
blue. If DrT and the BoD all accept and recommend the Institutions to do the same, it is almost certain that the takeover will go through. I fear we do not deserve anything for being long term investors. Just hope that this time we are going to be lucky enough to do rather well.
Blue Clyde, contract notation re petrofac / AM contracts probable in the event of a takeover or termination clause with early exit fees all possible. I don't think that is a particularly big issue
Compared to you lot I'm a relative youngster lol although not by a huge margin! And yes I still feel 25 until my back plays up or I'm offered socks for Xmas which I must confess I now think of as a very decent present so long as they are the new colour coded type! Fortunately I definitely feel young enough to wait around a while for a decent return here be it by sustained production or a takeover post first oil. May even see a nice bonus tomorrow on SQZ if completion of recent deals goes through as planned.
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