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
  0.00 0.0% 3.051 1,002,150 08:00:12
Bid Price Offer Price High Price Low Price Open Price
2.942 3.238
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 180.08 -571.09 -31.43 61
Last Trade Time Trade Type Trade Size Trade Price Currency
08:00:47 O 500,000 3.0434 GBX

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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 3.05p.
Hurricane Energy Plc has a 4 week average price of 2.07p and a 12 week average price of 2p.
The 1 year high share price is 5.39p while the 1 year low share price is currently 0.64p.
There are currently 1,991,871,556 shares in issue and the average daily traded volume is 28,505,809 shares. The market capitalisation of Hurricane Energy Plc is £60,772,001.17.
luckyjoe999: Post from lse bb today: LuckyDog1 Posts: 184 Price: 2.94 No Opinion HUR- New Analysts Article Out Today 11:34 “Hurricane Energy has finally managed to start delivering. According to last week’s operational update, the company is now actively producing an average of 11,467 barrels per day from its P6 well. This enabled it to deliver its 24th shipment, consisting of 505,000 barrels, in late August from its Lancaster oil fields. And the next shipment is due to be delivered in October. This brings the total number of barrels produced to around 10 million. The proceeds have been used to strengthen the company’s balance sheet. Net free cash now stands at $144m versus $122m in July. Meanwhile, management has decided to repurchase 34% of its outstanding convertible bonds. In other words, debt levels have been significantly brought down. With revenue finally flowing and the financials improving, the rising HUR share price makes perfect sense to me.” “It seems the worst is finally over for this business. And with oil prices already exceeding pre-pandemic levels, I wouldn’t be surprised to see the financial performance of Hurricane Energy continue to improve throughout the remainder of 2021 and beyond.” https://www.fool.co.uk/investing/2021/09/20/is-the-surging-hurricane-energy-hur-share-price-returning-to-its-former-glory/
marmar80: Oil up today, hope HUR share price will advance too"Oil prices advance amid U.S. supply tightness signals"https://uk.investing.com/news/commodities-news/oil-prices-advance-amid-us-supply-tightness-signals-2467579
cashisking76: Interesting note/article just out on HUR today: “Is the surging Hurricane Energy (HUR) share price returning to its former glory?” “It seems the worst is finally over for this business. And with oil prices already exceeding pre-pandemic levels, I wouldn’t be surprised to see the financial performance of Hurricane Energy continue to improve throughout the remainder of 2021 and beyond. The company still has numerous hurdles to overcome. And it remains exposed to the risks associated with fluctuating oil prices. But overall, the HUR share price does look like it’s primed to make a comeback, in my opinion.” https://www.fool.co.uk/investing/2021/09/20/is-the-surging-hurricane-energy-hur-share-price-returning-to-its-former-glory/
luckyjoe999: Post from lse bb today: GroundHogDay1 Today 07:50 Posts: 217 Price: 3.10 Now with the new seemingly very proactive BoD firmly in place, IMHO, HUR share price rally hasn’t yet even commenced here, good times only ahead.
ihavelosteverything: very good discussions on L S E as usual (apart from the resident desperate PAID criminal who tries the impossible task of not ending up selling Big Issue in a few weeks, poor sood, bartlebobtrash) SUBJECT Bondholders and tender Cb debt Steve_d Today 07:17 So i calculate that if the maximun take for the offer goes through circa 70% of CB debt dissapears....remember we are not paying 1$ per bond. Just the right ammount to see off this adhoc commitee...hmmmm SurreyLad Today 10:17 Offer closes on Monday 4pm Results no later then next Thursday Acceptance can only be a big big positive:-)))))) Steve_d Today 10:27 I also see non acceptance as a big positive...why would bondholders choose to take the 'risk' of holding bonds in a company that is heading for 'belly up'? I think the wise move would be for CB holders to re-negotiate maturity. Incidentally, peeps keep getting spat out here in the early morning dips. SurreyLad Today 10:32 Agreed… renegotiate for another 5 years would also be a big big positive:-)))) Elementary Today 10:57 With Brent at $73+ and potentially still rising, along with new proactive HUR BoD now firmly in place, HUR share price is undoubtedly and clearly by far the most undervalued and currently strangely oversold share trading in the U.K. markets, please DYOR as this must surely be a 2021 and beyond Multibagger opportunity in the making, all IMHOO.
ihavelosteverything: also Elementary Today 06:03 Posts: 290 Price: 2.446 No Opinion “Upside potential in HUR today by far outweighs any downside risks; HUR with it’s new BoD firmly in place is now clearly way too oversold/undervalued and hence IMHO, a sitting multibagger here, so don’t giveaway your soon to be extremely valuable shares for almost free, particularly when trading volumes are this low where share price for small MCap companies can be easily manipulated” “Once again worth noting that 10p+ is what Hannam and Partners had stated as absolute minimum here based on way less than $60 Brent with Ex-BoD in place, and still vey much stands but now with significant potential upsides here based on various scenarios; narrative here as known so far, has all been stated by the now Ex-HUR BoD, and were clearly all lies created to fit a deceitful, incredibly corrupt “giveaway scam” agenda of an incompetent ex-executive team, however, as the true HUR story now slowly starts to emerge here, I believe company market capitalisation will subsequently also rally north towards much more deserving levels into double figures” I concur with both statements here and strongly believe that with new management now in place, HUR market capitalisation will rally up to much more deserving levels during this year, always DYOR.
luckyjoe999: Post taken from lse bb: TopCat81 Posts: 355 Price: 2.75 No Opinion RE: Elephants in the Room Wed 15:35 Always worth noting, HUR’s now Ex-BoD tried EVERY underhanded tactics that they could think off to further destroy shareholder value and no doubt here that the last HUR CPR was also part of this unbelievably massive BoD “giveaway scam”, all stakeholders now need a new and truly independent CPR of HUR’s vast and potentially very prolific WoS acreage conducted in order to see “the significant value we see in our West of Shetland portfolio”. After all, “How is it possible that an independent assessment carried out in 2017 is able to produce in place volumes for Halifax amounting to 5,143 MMstb (best estimate), up to 9,043 MMstb as a High case, when only a few years later, without any more wells having been drilled on the discovery, its volumes essentially disappear from the radar?”; West of Shetland is the region’s most prolific area and that is precisely why ALL of HUR’s surrounding acreage has been snapped up (and predominantly by the big boys) but strangely, HUR’s vast WoS acreage was about to be given away for free! Additionally, again worth noting that personally I know of many companies with lot lot lot worst debt and outlook than of HUR today, and they all seem to be ticking fine with much better executive management/BoD in place and hence, incredibly better market cap than that of HUR, also, no one is even thinking of giving the company away for free, after all, debt is an integral part of being an E&P company, what a bunch of greedy thankfully gone Ex-BoD crooks, now it can only get better from here, please DYOR.
mirabeau: News today from CA - last 3 paragraphs are important - Hurricane Energy PLC ("Hurricane") On 30 April 2021, Hurricane released details of a proposed financial restructuring under which it was proposed to put the company's operations into an extended wind down with shareholders' interests being wiped out almost completely in favour of the bondholders. On 19 May 2021, Crystal Amber announced that it had sent a requisition notice to Hurricane requiring it to convene a general meeting to remove the five non-executive directors and appoint John Wright and David Craik as directors. On 24 May 2021, the High Court of Justice ordered that the board of Hurricane hold a meeting of shareholders in order to vote on the Restructure Plan. At that shareholder meeting on 11 June 2021, shareholders rejected the plan by 92.3% to 7.7%. Between 21 and 23 June 2021, at the sanction hearing, Crystal Amber argued that the proposed restructuring plan should be rejected, that the board had been both evasive and obstructive and that the plan was not in the interests of all stakeholders. The Fund also gave evidence that Bluewater Energy Services B.V. (from whom Hurricane leases the FPSO - Floating Production Storage and Offloading - vessel) made contact directly with Crystal Amber in which it stated that it remained very keen to progress discussions and investigate solutions and proposals to extend the charter beyond June 2022. On 28 June 2021, in his judgment, Mr Justice Zacaroli stated that Hurricane is profitable and anticipated to remain so for at least the next year, that Hurricane's evidence was that the P6 well is likely to remain economically viable until early 2024 and that there are reasonable grounds to believe that Hurricane will be able to negotiate an extension of the Charter on terms which enable it to continue extracting oil from the P6 well beyond July 2022. Crucially, the Court found that there is a realistic prospect that Hurricane will be able to discharge its obligations to the bondholders. The High Court of Justice therefore rejected the highly dilutive and costly restructuring plan. On 30 June 2021, Hurricane's five non-executive directors resigned with immediate effect and in their stead, directors nominated by Crystal Amber, Alan John Wright and David Craik were appointed to its board, with Mr Wright installed as Interim Chairman. As a result, the general meeting scheduled for 5 July 2021 was no longer necessary and Crystal Amber therefore withdrew its requisition. Crystal Amber regards Lancaster as one of the most prolific production wells in the North Sea. Crystal Amber would refer market participants to Hurricane's Restructuring Business Plan Presentation dated 24 May 2021, which is available on the company's website. The presentation sets out Hurricane's long-range forecast of production from its existing P6 Well. By February 2024, this is estimated to deliver 8.4 million barrels of oil. Based on the forward curve for oil prices, this would generate approximately $600 million of revenue. Based on historic margins, this would deliver operating cash flows of in excess of $250 million. Crystal Amber further notes that actual production for June 2021 exceeded Hurricane's forecast with 10,640 barrels per day being produced as against a budget of 9,700 barrels a day. Were this trend to continue, a further $28 million of revenue would be achieved, in addition to the $285 million expected over the next 12 months. During July 2021, Crystal Amber has been in regular dialogue with the newly constituted board of Hurricane. Since September 2020 (when the convertible bond was trading at a 70 per cent. discount), Crystal Amber has urged Hurricane to use a significant proportion of its cash to buy in bonds. The High Court of Justice stated that "the possibility of buying back bonds in the market is, on the face of it, an attractive one, given that the Bonds have been trading at a substantial discount to face value." On 5 July 2021, the bonds were trading at a 50 per cent. discount but the discount has recently narrowed to 37 per cent. Crystal Amber has requested to the board of Hurricane that it immediately embarks on a substantial purchase of these bonds. As well as saving the payment of the annual interest rate of 7.5 per cent., buying back bonds at a discount, will significantly reduce Hurricane's net indebtedness. Over the period, shares in Hurricane were up by 16.1%. https://uk.advfn.com/stock-market/london/crystal-amber-CRS/share-news/Crystal-Amber-Fund-Limited-Monthly-Net-Asset-Value/85759873
linz22: It's best to keep the logic simple in one's investment choices. After all, if I were to reinvest in HUR right now, and the share price went up to 4p tomorrow, I'd be a whopping 25% up on the deal, which would be a short-term upside I could only dream of acheiving from my other investments (cryptos aside!). However, my original investment in HUR would only have increased, or, more precisely, recovered, by about 0.3% for each 1p rise in the share price (having managed to 'average down' to around 30p a share during its precipitous fall). The result of which would be that I'd be overjoyed in having made 25% on my recent investment in such a short time, yet totally ambivalent to the few pounds worth of positive movement in my original investment. Which brings us to the amount one is prepared to invest. If I sold all my other investments, and some property, perhaps, and stuck it all into HUR now, and the price went up a penny, I'd be able to recoup all my previous losses, and some. But, if it goes back down to 2.5p from here, or lower(!), I'd be wondering how I got sucked back into this oh so risky investment play, again, which can only be a gamble on sentiment at this stage, and why I sold my other investments to do so. ..and left asking myself, haven't we been here before..?!!
luckyjoe999: Interesting, timely, and seemingly relevant post taken from lse bb: TopCat81 Posted in: HUR Posts: 346 Price: 3.102 No Opinion RE: Elephants 14 Jul 2021 09:31 As always, when I see Shorters, paid de-rampers, or those who are simply way too greedy here and are dreaming to buy in HUR at even cheaper prices……………;……, all suddenly popping up here, looking increasingly nervous with a new proactive HUR BoD now in place, Brent prices/resulting company net cash significantly on the up, and as obvious from their constant de-ramping BS (trying to highlight what the Ex-BoD failed to prove in the British Courts) even at these extreme and purely Ex-BoD driven lowball company valuations, I then realise for sure that this share is going to look absolutely outstanding post departure of the incompetent, arrogant, corrupt, value destructive, do absolutely nothing Ex-HUR BoD, also going forward, even a hint of positives on CPR or/and any potential forward planning/funding/logistical/operational progress here (which have suspiciously been non-existent with the Ex-BoD) will drive this currently way undervalued/oversold share price sky high, so looking very good here with Brent now at $74+ and fast rising, thereby, acting as significant tailwind for any HUR planning/outlook ahead.
Hurricane Energy share price data is direct from the London Stock Exchange
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