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Maybe NRG has more experience and better understand then CA. Just out of curiosity as a expert trader NRG what have you recently bought shares in say the last week just so we can see if Hur goes up and your shares goes down or Vice a versa?
Good swerve answer....Obfuscation at its finest !
good question Daltry. I guess we'll find out one day.
NGR1616 -
“ I do so in the hope someone might make an investment decision based on solid research rather than hope and a prayer.”
Can you please explain CA’s position and actions ?
Have they got it all wrong as well?
Just asking…..
Boring. But thanks for explaining yourself
y11-shx I got out in February 2020. And I'm pleased I did. Made lots of money previously but selling at that point meant I'd negated those previous gains and I cam out about even. Possibly maybe up in fact. Best trade was when I was sitting on cash and an RNS came in at 10am regarding some drilling results and I read it, understood the pertinent points and bought heavily before the general market caught up. Not normally the case when the RNS drops at 7am and PI's are shut out at the opening auction.
You posted this "So you need to ask yourself why are you here because your looking pretty inexperienced.' and without correcting the obvious grammatical error I don't need to ask myself anything because I know why I'm here. I'm pointing out facts that the majority seem want to overlook. I do so in the hope someone might make an investment decision based on solid research rather than hope and a prayer. I'm also here as I find this quite entertaining. You guys are a bunch alight.
oh dear tux - you've opened the door for the moron who closed down the forum's writing to NEDs for a day, and today writes supporting 1616's drivel...). lesson - trolls exploit any opportunity
Thank you, Texedo9. I am a holder, and always (when I remember) post a 'Strong Buy' in the opinion box. This is something that Senseman (...oh the urge to write 'Senseless') never fails to overlook when I post. It seems I first upset his sensibilities when I voiced my opinion that notifications of each and every NED email cluttered the board. At this he went verbally berserk, slated me endlessly, and as you seem to be suggesting (I filtered him, so I can't see what he's posting) continues to see red to such an extent that he thinks I am being negative about this share (nothing could be further from the truth). Anyway, I'm off to enjoy the rest of my Sunday now. Good luck all holders.
H
tuxedo - fair do s. but he was the prat who complained that peeps writing to NEDs supporting CA investigation call should stop as blocking up the forum. and if u look at his post history they are mostly one line comments. never seeking to help. he is an ass
Reality check .
Well 6 pumping +10k boepd .
CB Debt will be covered by Jan 22 .
Shareholders will own 100% of Hurricane by Jan 22 .
Brent will still be + $80 in Jan 2022 .
Hurricane on $80 will be banking fcf at $10m per month after 15th Jan .
Spirit agreement should be moving positively early 2022 or its tied up .
The knowledge of 10m boe production will be utilised to drill for another sweet spot H1 2022 .
The above is now a Significant improvement to where we sat last year at this time with a BOD working tirelessly against Shareholders .
The above is why i am still invested and my glass is half full .
and fellow doomsayer herzy appears from under his rock...)
And I’m going to call bull**** on you got out intact because in the last 6 months if you haven’t made money on Hur you must be one hell of a **** trader. So you need to ask yourself why are you here because your looking pretty inexperienced. So it’s looking more and more like you took a loss and used the money to take another loss and now don’t have the funds to take advantage of Hur low price to recover them losses!
Lol NRG you got to trust somebody on a share chat who saved your skin. You shouldn’t be playing with real money! Now as you have no shares and aren’t waiting for a drop to buy then you may as well **** off and use your time more wisely to get help
I got out intact thanks for asking. No financial damage done. Do you know why? I listened to someone I ended up trusting when initially I thought the same of him as you do of me. There’s a story about irony there is there not?
I can’t help myself really that’s my problem. I can’t stand by and watch people who know nothing post as if they do. It’s also a bit of an experiment and I’ll use the results to allow me to gauge how useful these boards are, or how reliable they are for building an investment case. So far based on evidence, this one is simply tragic. I don’t trust anything anyone posts if it ignores reality.
Well said, NGR1616. He's either a moron or a child. I filtered him about three weeks ago; it's great seeing the little green banners come up to mark his absurd, but hidden, rants.
Without researching NRG I’m going to assume you bought into Hur lost money then used your losses to buy into another share which also lost money. Now the only thing that keeps you happy is is Hur keeps falling am I right? Or our you here just because your really really mentally unstable?
Sensman "you cite what moody maris has written
so behave and stop the coy innocent crap
you're already going to hell. you don't want to be on the naughty step first day you arrive
barring black swan event well 6 is fine till Feb 2024 - bubble point and all
simples x"
Listen to yourself. You are a complete moron. (this is not an insult, it's a fact)
"you're already going to hell" Insulting - and childish
"well will be fine until Feb 2024" How?> Please explain your rationale.
"bubble point and all" What does that even mean? Do you think the laws of physics don't apply in this case? It's going to happen based on future production trends unless something is affected to effect that reality. And it's going to happen in less than 5 months in my opinion unless they start to manage the decline in BHP which means reducing the production. Nothing else will work.
Morganna1 I'm not here 24/7 but I do tend to have to post multiple times in response to people like you giving their opinion that all is well with the company whilst simultaneously ignoring the warnings of reservoir performance and finances issued by the BOD of the company. I find that extremely dangerous in case people believe you instead of the company.
Most of the responses I see are claims I'm somehow concocting a narrative for my own benefit like I have a short or wanting to buy in cheaper or I'm risking my mental health by not investing in a company who's medium term prospects look perilous. This is purile fantasy and a clear sign of denial on their part.
Maybe it's me who should be questioning your motives for pushing your agenda that conflicts with the companies guidance? As the IC commented, without the rise in the price of oil, Hurricane would certainly not be where it is in relation to mcap.
For clarity, if what I'm posting is nonsense, then please confirm for me if you will, that you consider what the BoD are publishing is also nonsense and that you (by definition) post sense instead? In which case can you advise what your view is on the reservoir, declining BHP, bubble point, gas liberated and increasing water cut as you claim the BoD don't know what they are talking about.
Morganna…..want to know how much stress and anxiety I have about my non holdings in HUR? Absolutely none. It’s a gamble and I’m not prepared to gamble when the odds are stacked so heavily against.
Quick question. How do you think the “gap” between the available funds and the bond payments will be met? You better hope the wonderful new board are under egging the finances.
you cite what moody maris has written
so behave and stop the coy innocent crap
you're already going to hell. you don't want to be on the naughty step first day you arrive
barring black swan event well 6 is fine till Feb 2024 - bubble point and all
simples x
GHD1…..were the new BOD not in place on the 29th September and 14th October? I’m literally quoting them!
1616 prat
you forgot to mention HUR earlier postulated economic production till Feb 2024, bubble point and all
or that the crap u cite was written by still moody maris protecting his ass
lovely to see you having to work so hard
NGR1616 - You are entitled - as any of us - to state your opinion regarding the future of HUR.
I think we've ALL got your message now.
Whether we heed what you say is individually up to us grown people.
Thank you for your devil's advocate input and comments.
We got it. OK?
No need to repeat it.
No malice or offence intended.
From the company two extracts from RNS's.
***14th October "Whilst there remains uncertainty if the Company will have sufficient net free cash to repay the Convertible Bonds, the board of directors are optimistic that even if a shortfall remains it may be possible to bridge the gap"
***29th September "Based on current trends, management estimates that wellhead flowing pressure in the Lancaster reservoir may reach the bubble point by the end of Q1 2022, consistent with the time range estimation previously announced on 25 May 2021. Whilst this has been factored into the guidance for the Period, there will remain a degree of uncertainty regarding the full impact of this, along with the risk that gas liberated from the reservoir could be produced which could result in production either being reduced or ceased altogether." ENDS
To suggest this company is "under valued" (OTB3) if you ignore these messages from the company is at best optimistic.
What I post is not "BS" (Morganna1) it's an acknowledgement of what the company are telling us. The fact so many are ignoring it and instead suggesting the only way is up; they are the ones posting BS.
For example, suggesting that "there is no certainty as to how the reservoir will continue to perform" (Dive Centre) when the company points us to the impending bubble point situation by Q2 2022 (that's a maximum of 5 months and 8 days from now) and is a reiteration of guidance in May 2021 (also released from the company) clearly indicates how the reservoir is performing. (stick to giving the divers their lunch dude)
There will be no changes to this downward reservoir performance trend without an intervention of some kind (or a new well) Due to the ESP's access below mechanically is impossible without a worker-over with a rig ($$$'s) or a new well. There might normally be a hydraulic intervention option but scale or wax/asphaltene are not issues so dissolvers or xylene won't do anything. The worker-over approach can't do much mechanically if they tried as the slotted liner is unsupported and bare back in open fractures so water shut-off options on 7z for e.g. are limited if there are any at all.
Gas restrictions are an issue. Finance options will be limited and may only be highly dilutive in nature to fund the export of gas or drill a new well. Lincoln will be looked at but that wasn't great first time out. The FPSO contract is still up in the air.
I've already admitted I for the court action wrong. Ridicule me for that if you wish. But the real issues are physical, financial and not legal.
The company will have other ways to survive however, just not with one functioning well. I'd use the cash (if there's any left) to buy into a field as a non-op to allow another operator to exit and generate cash from that. Plenty of big oil companies are looking to offload less green fields. With the cash generated they can look at drilling or work-overs without needing to find finan