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Hurricane Energ Share Chat (HUR)



Share Price: 45.30Bid: 45.18Ask: 45.24Change: 0.00 (0.00%)No Movement on Hurricane Energ
Spread: 0.06Spread as %: 0.13%Open: 45.50High: 0.00Low: 0.00Yesterday’s Close: 45.30


Share Discussion for Hurricane Energ


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extrader
Posts: 954
Opinion:Hold
Price:45.30
RE: PoO - Sanctions on Iranian oil
Today 12:54
My point exactly ;->. To paraphrase that infamous Tory ad : " Are you thinking what I'm thinking...?"

ATB
 
SIPPn00b
Posts: 3,365
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: PoO - Sanctions on Iranian oil
Today 12:45
I am indeed extrader although I elected to use the more common use of his name in case I spelled it wrong!
InJamesweTrust
Posts: 2,010
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: No let up in investment for BP
Today 12:37
SiPP
Shows they have the cash to come calling if and when they think FB WoS is a goer.
extrader
Posts: 954
Opinion:Hold
Price:45.30
RE: PoO - Sanctions on Iranian oil
Today 12:36
Hi SIPPn00b,

On a point of order - and at the risk of lowering the tone of this esteemed board - I think you're referring to https://en.wikipedia.org/wiki/Cnut_the_Great

ATB

ATB
daltry
Posts: 778
Opinion:No Opinion
Price:45.30
RE: First Flaring
Today 11:49
Sipp - Yes I will be at the AGM. I also will be wearing white trainers......if they let me in, that is....
MichellaC
SIPPn00b
Posts: 3,365
Premium Chat Member
Opinion:No Opinion
Price:45.30
No let up in investment for BP
Today 10:14
SIPPn00b
Posts: 3,365
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: PoO - Sanctions on Iranian oil
Today 09:33
thanks Rodneytrotter, I hope you are well.

PoO currently through $74.

PMO et al will be up tomorrow, the civil disobedients may as well be King Canute.
themarl
Posts: 245
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: PoO - Sanctions on Iranian oil
Today 09:21
o[l up 3%
us ends iran waivers
$73.67
littlened
Posts: 100
Opinion:No Opinion
Price:45.30
RE: Reality Check
Today 09:09
A really interesting and thought provoking video.But that was 2007,is there any more recent CO2 denial stuff about ?
rodneytrotter69
Posts: 49
Opinion:No Opinion
Price:45.30
PoO - Sanctions on Iranian oil
Today 03:36
adoubleuk
Posts: 9,381
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: Reality Check
Today 00:13
Biffa,

"I'm surprised at your point of view, as your mate RB over at CA seems to have bought into the HUR story / timeframe in no small way and we all know he can do or say no wrong in your fluttering eyes."

Firstly, to give you some context...

This is my first 'login' for a good 48 hours, 'cos I've had more important things to do. Like driving 400 miles for the first race in the 'camioncross' season, involving a stupendous poker-game at Canet-Plage on Friday night, and generally having fun. And survived it, despite a massive bruise on my left arm due to being hit by a wayward wheel-nut, but that's just part of the course doing closup trackside photography. Good fun in good company, all I've got to do now is drive the 400 miles back home & etc..

But trawling through all these posts, I'm sorry to say I think you're wrong in the above-quoted phrase.

I see no similarity between Albi1 and Nigwit. Even if they might bring up 'climate change' stuff every now and again.

Also, I think you should research further about Crystal Amber, especially given other posts recently from daltry et al.

RB (CEO of CA) bought into HUR very early. And it has to be admitted (however grudgingly) that without that early investment, Hurricane may never have made it to where they are now. But CA is not an 'investment' company, it's a 'trading' company, whose sole interest is in its own profits, without a care in the world about other investors nor anything like that.

But with enough 'clout' (in terms of percentage of shares held in the company) to be able to significantly affect the SP via their trades.

And with enough 'media clout' and tame hacks to shamelessly badmouth the hand which feeds them when it works to their advantage.

But that's the way it is, and no amount of talk on these BB's will change it. I personally consider CA to be a thorn in every PI's side regarding this share, and without that company's trading activities the SP would probably be running in the mid 60's by now, rather than the mid-40's as at present.

However, still just sitting tight, H1 is far from finished yet, there's lots going on, and of course there's the AGM to come, and I think there'll be 'triple whammy' news announced then.

'Night, all. Market's still closed tomorrow, so why worry? I'm just hoping the traffic on the road home will be slightly kinder than it was on the way down here. Electric cars have been around for ages, but there's no reason for people to treat motorways like dodgems!

PS What's with all this 'climate change' stuff? Personally I like warm weather. And just to put that into perspective, one of the most fascinating 'painted caves' (the paintings dating from about 17,000 years ago) is the Grotte Cosquer, not far from Marseilles. The entrance to it is about 20m below current sea-level, and prehistoric man didn't have scuba gear. We'll survive. Just not all of us, maybe, but who cares about that, really?
SIPPn00b
Posts: 3,365
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 22:00
IJWT

Thanks for the more detailed info, I was just really trying to paint an industry-wide picture of current and potential future investment in the industry, through acquisition that IMV, trumps all of the renewables hitting the HUR investment-case-brigade.
InJamesweTrust
Posts: 2,010
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 21:13
SiPP
Think Anadarko is a different kettle of fish. Big acreage but low CapEx and well life means quick pay back of dollars invested. New tech likemplug and.perf is reducing the breakeven all the time also.
The difference with a big fixed rig development is the time it takes, the huge CapEx all or nothing bet that has a.much longer payback horizon.
Hess make clear it's interest in Stabroek repays full investment inside 3yrs at $50 oil (from memory) then the rest just hits the bottom line for as long as folk are buying oil.
Spending multi billions for a payback commencing in 10yrs which then needs to repay CapEx is less common I dare say.
There is of course the multi FPSO potential WoS (if environment permits) which I have long advocated as being self funding.
SIPPn00b
Posts: 3,365
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: First Flaring
Sun 20:55
MichellaC - thanks back and for the excellent suggestion of meeting up with Cebo. I actually had dinner and drinks with Cebo, in Aberdeen only a few months back. Although it was far more drinks and much less dinner, that consisted of a rather dubious kebab around midnight.

As for the AGM, I will be attending that with my wife, Mrs SIPPn00b. You are still welcome to join us alongside other investors and I'm sure Mr H would be more than pleased to see his top adviser there too.

The previous post-AGM venue of choice has been The Goat and we hope to see you there. I'm easily recognised, I'll be the guy with the white trainers.
MCB55
Posts: 170
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 19:14
The biggest negative to the use of oil (and hence maybe the market value of oil companies) for multiple purposes (cars, planes, ships, power generation and plastics/pharaceuticals, etc) is sentiment of II's! This is definitely moving in the wrong direction, but the actual demand for and use of oil is unlikely to be substantially diminished to any great extent for many decades to come, the revolution may well come in sentiment, but not in real life.In fact the poo may well go up significantly as the supply diminishes due to lack of investment and the demand stays the same or increases. As the third world grows out of poverty, guess what, they consume more energy and demand more material things, like cars.The cost of change is so great and will take so long and there is no real new breakthrough technology identified yet. Electric is not necessarily the answer in the long term, could be nuclear power generation, hydrogen cars, etc. None of which is any where near like publicly acceptable yet. The current demos are driven by sentiment, but there are no solutions suggested yet, except all stay at home (no travel) and hug a pet/partner for warmth. Back to the simple life hey, not sure how many are going to buy that!
There is also the strategic angle of oil from HUR in safe stable home waters, who knows what the Russians will do on restricting supplies to western Europe!
So overall yes the revolution is coming, but cannot see it having much impact on oil price and price of HUR shares for many decades to come, they may actually be enhanced!!
IMHO
Foresight22
Posts: 79
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: First Flaring
Sun 19:11
...back to HE, looks like Grampian Sovereign back over subsea wells again, and stationary(?), about time they stopped AM fishing.
SIPPn00b
Posts: 3,365
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 19:11
SpruceGoose2

"but think the HUR sp has indeed suffered somewhat due to lairy investors being offput by the green, anti-fossil-fuel noise."

No.

Other major oilco's SP's have risen sharply in the last 3 months. So, that cannot be it. Fact.

More likely, the Market is waiting on results. We are around the same SP as we were when PoO was $71 so, despite de-risking the EPS installation and the Spirit farmin, the market is not interested in ascribing value to those things, yet.

What it will ascribe value to, IMHO, is when we are successfully producing 20,000 barrels of oil per day (excluding downtime) with decent GOR, no water cut and sustained flow rates. And further potentially significant value if we complete a successful 3-well drill campaign on Lincoln and Warwick.

This RED HERRING of green agendas has NO IMPACT on our current SP. That is my opinion but I see that as fact, given the above.

IJWT

Chevron buying Anadarko proves that there is plenty of scope for Big Oil to continue to invest in lucrative assets. Big Oil spent just 1% on renewables investment according to Reuters, although the picture varies from region to region, and company to company, with the USA lagging Europe and the likes of Shell leading the way by spending $1-2B of its $25-30 billion budget on renewable investments.

Equinor plans to spend 20-30% of its budget by 2030!!!

Reuters goes on to say

"As a whole, however, the world’s top 24 publicly-listed (oil) companies spent 1.3 percent of total budgets of $260 billion on low carbon energy in 2018.

That is still nearly double the 0.68 percent of investments the group had made in the period between 2010 and 2017."

Nearly double. Wow. Double of very little is very little and this increasing investment in renewables, will, IMHO, not impact the valuation or sale ability of Hurricane Energy one iota in the next couple of years.

I do agree with your general assessment that the market is waiting for HUR to prove it can sustain the 17,000 barrels per day (net) and this is exactly what Dr trice told us at the last AGM: That the market wanted to see 6-12 months of data before we might get any serious interest.

This thread has been visited before. It largely covered the same ground, largely by the same naysayers that remain invested (which I believe, nothing wrong with having a concerned view of one's investment) and then concluded the same thing.

And I repeat, if one is uncomfortable with their investment here, one should sell up. I did so with SXX the other week and so heed my own advice.
Foresight22
Posts: 79
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 19:05
Saudi are now spending billions on renewables - but they are also spending billions on refining. They have figured that at $2-3/BO OPEX, they will be last (main) producer of oil at end of this century - some 5-10 million BO/day. Hard to compete with in 81 years time...
Albi1
Posts: 501
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 19:02
Nigwit

Nearly Star Trek ... all very interesting!
LONGWAIT
Posts: 2,608
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 19:00
Interesting article.

I've never thought a long-haul flight powered by electricity would be possible.

I imagine, though, that it would be safer because of decreased risk of fire.
Foresight22
Posts: 79
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 18:56
...combustability when you drive into the back of em? Better in trains and buses!
shedful
Posts: 993
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 18:27
Renewables are great why not use hydrogen in cars
As I wrote it again can I now get a tenner a share
shedful
Posts: 993
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 18:25
Renewables grow at but why not use hydrogen in card

BTW still expect my fiver a share
DRUSS
Posts: 347
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 18:19
Albi Are the other big oilers investing for the future, S.A. only wants to sell of 5% of Aramco
NigWit
Posts: 4,336
Premium Chat Member
Opinion:No Opinion
Price:45.30
RE: Reality Check
Sun 18:04




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