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There's this new phenomena in the trading world called "The HUR effect".
Happening here right now!
Agree with all of this, the price for all of hurricanes assets, is incredibly low. At these prices, its a very attractive play. There will be sharks everywhere.... People go on about the debt, but net of cash its about 100m, and they have a producing assets and some incredible potential, that is nothing in the O+G space. Plus FPSO is there and up and running, there is a lot to like here from a predators perspective.
Agree, I think new CEO is setting things up to his liking and also trimming costs.
Could be a hostile bid from kerogen, directors resigning so there is no conflict of interest.
Dr Alan Parsley is likely in his 80s and was brought in HUR to do a specific task which he has now apparently completed, hence subsequently moving on/retiring accordingly. Noteworthy here IMO however is that Antony Maris seems to be taking firm control here as new HUR CEO moving forward.
resigning effective today? usually you resign and have notice period, I am prettty sure he was told to go and we will call it "resigning" , common practice really, if I am right then that show good progress to have a clear out of dead wood? all my opinion
Smells like Team Spirit. Remember Gasman's post???
We live in hope.
Shareholders should be thankful that they are still getting 3p for their shares at the moment. Could be zero in the future.
cash generative and any debts will be paid down......debt tends to be rolled over. We are taking 2 years away too......lol
why would kerogen selling to CA for 3p knowing company will soon be sold for 5/6p ?
you are not being told the truth.
something stinks and the board no longer acting in share holders interests.
HUr have plenty of capital to pay bond interest....so not too dissimilar to others struggling to pay down the principal. Kick it down the road, do a new well and invest
Sxx had no revenue. A cheap TO could still be on cards...sadly
Not cash generative enough to pay bondd though. Hence, most likely scenario is that current shareholders will be wiped out, due to HUR inability to repay debt.
SXX ran out of cash.
HUR is cash generative.
They do not stand comparison.
Probably KC is handing over to CA - but who really knows - time will tell!
Kaboom. CA have massively increased, so they see value....
Dr_Kaboom ... Calm down, don't get so stressed, you'll give yourself a heart attack at this rate ..
Ley's say there was the slightest chance of a bid. Bid will pribably just be enough to repay bonds, leaving a big fat 0 for shareholders.
Sure.!!!Thanks ’s for your Non-agenda advice
Last 8 sessions about half the shares on the company have changed hands. Kerogen could already be out... that said this looks like new ceo setting the new landscape.
At least, SXX had a bid. In HUR case, shareholders are likely to be wiped out by the bonds.
Dick, remember SXX! HUR is going the same way. Accept the offer, when it comes, or lose everything............,,
If there is a potential bid here, it will certainly not be for anything less than 12-14p range as minimum IMO, bod will likely not accept anything less here.
Hilarious..!! what are they going to do take the cash out of the company and give shareholders that... its equivalent to about 5p..!! I’m sure shareholders will be biting there hand off..!! Please try harder
Imagine Ker dumping all their shares on the market. Also, they are unlikely to be able to repay CBs. Game over soon?