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We haven't had all the broker downgrades yet. We need to see what effect that has on price, because some of them are still at incompatible valuations given the last results.
Notice all the Baboons have gone quiet .....
Maybe todays above 3p day.
Should see the momentum swinging in our favour now. Certainly feel a move up through 3p today. A number of chunky 500k buys yesterday and it appears a big buy filled at just above 2.815 last night, which explains why the Dealers held it back. Today should see a further gain - very positive trend developing
Agree..... shorters thrive on bad news, shorters closing indicates that all bad news is out so there’s nothing here for them ie no further downward trend.
*A new short position reduction:
Astaris Capital Management reduced their short position in hurricane energy to 1.10%
Anyone here at anything below 6-7p average is going to be massively rewarded by year end, crazy MC at present.
At these extremely low HUR MC levels, a few broker Buy ratings are now highly likely which will easily push the SP well beyond 5+ here in a very short time.
I think the 2p range will be seen like Tlw at 6p the share has simply been smashed to pieces and is way to cheap. There is significant hope here and if the potential is realised this will multibag and make people a lot of money. There is risk but calculating it I think it’s an educated long at this level. To make big returns you have to get involved at moments like this.
Likely be back up at 5-6p by the end of the week hopefully
Agreed and on the back of this Brent crude has rallied since yesterday evening - up 2.4% yesterday and up 1.7% so far this morning
HUR rally here is just about to start, SP is very much undervalued at the moment and I can easily see analysts coming up with valuations of 7-8p minimum in the coming days/weeks ahead IMO.
1-Crystal Amber increased their holding in Hurricane Energy by 2%
2-Polygon reduced their short position in Hurricane Energy by 0.13%
Both funds & shorters realise that the current sp is heavily undervalued.
3-Hannam & Partners latest note:
-Risked NAV 10p
-Unrisked NAV 42p
4-Updated technical chart: https://twitter.com/harmoniccharts/status/1305770710367965185?s=21