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Bobhope
Just the opposite, topped up with another 10k last week.
'Longwait, those earnings ratios look ridiculously low. It is like we are being priced for just a couple of years production in some dodgy jurisdiction. Something just does not add up here.'
That's one measure of just how cheap these shares are.
Someone here - I can never remember who - gently recommended SQZ at 23p, when it was on a P/E ratio of 2.
It's now 128p.
Longwait, those earnings ratios look ridiculously low. It is like we are being priced for just a couple of years production in some dodgy jurisdiction. Something just does not add up here.
HUR is on a prospective P/E ratio of two, falling to one in 2022, yet people are talking about the share price halving again.
What effect would those negotiations have on those figures?
Maybe the forums are putting too much emphasis on WC and the performance of the EPS, an area Dr T. has covered on a number of occasions.
The decline in SP could be associated with the talks taking place between Centrica and the buyer of their 69% stake in Spirit Energy.
Is Centrica in talks with a potential buyer and if so, is there a commitment for future exploration and development of the GWA and what affect it would have
on HUR if the deal fell through?
"Thanks, S7ein.
We'll let the experts know that their valuations of HUR at 100p + per share are out by a factor of 5+.
We've seen their detailed calculations - and their valuations are conservative.
I think your post is complete nonsense"
LUCKCOUNTS:
There is no need to let the "experts" know that their "future target" valuations are out of sync. Perhaps you should ask them what "todays" valuation is because based on the current price, my valuations are closer to the mark.
Based on estimated EBITDA's and EBITS in 2020/2021 alone, those "experts" valuations are a possibility. Then again, they are only using the exact same calculations that any other "non expert" has available when they know how to apply them.
I'm glad you think my post is nonsense, but the numbers dont lie.
Forced sell??
Woodford fund is being liquidated which holds a chunk of CRS by why would CRS have to sell their holdings?
gorgeous,,,,
thank fk for that i thought i was the only one that got it,,,
if Trice can jump the gun and release quick rns about the flare...which was operational.
he can do that now too cos this is market speculating and questuoning their operational performance
AS
Maybe you could shorten your name to 'Sulis'
Not sure I like the Aqua bit at the moment, feels like tempting providence...
This is not just about playing about on the peripherals, this is a serious sell-off, 25m traded with an hour to go.
It is now time for Dr T to come clean-or stop the rot with an RNS.
Well the doubters wont be laughing when we get a takeover bid from Evian :)
Sit tight, ignore the noise and come back in March
'If there is an issue here then what are the tankers taking away each month?'
Obviously - according to those who believe the rumours - water.
The thing that fascinates me is the way the sceptics somehow manage to mention everything except HUR's revenues - presumably because it's the one hard fact that proves the rumour-mongers wrong.
We've had a poster today saying that the one hard fact we have is the share price fall.
He didn't mention the loads of barrels being sold to BP and then sold onto unsuspecting motorists who then try to drive their cars on water.
It seems that a mass delusion has taken hold.
Of course, there could be a terrible RNS tomorrow morning, but we were told by sceptics that FB doesn't work, that HUR would never be a producer, that HUR would never be able to raise cash for an EPS, that First Oil would never happen, that it wouldn't last six months.
The BOD have said that production will be increased by about 50 percent this month, yet people are talking as though the company is in serious trouble.
When is this madness going to stop?
As noted on advn this could be a forced sell by Woodford/Crystal Amber!?
Ajbennett: "If there is an issue here then what are the tankers taking away each month?."
I've been asking myself the exact same question over on a famous Weald oiler share too... the problem is (as we all know) if there is an issue "The Market" will react negatively to it by robbing PI's blind regardless or B) The Market are already in the know and the big boys have already been alerted and selling down.
Honestly... I am just guessing. I have no idea what is likely to happen here, but I do know that I am sick and tired of clinging to the rigging of oil shares while the ship slowly sinks.
From now on, I will watch from dry land and invest when the rescue tug arrives NOT BEFORE!
GL A :-)
ajb, the market has decided the company is now only worth half what it was just a few weeks ago and given the sp is a function of future revenues , something has changed that view of future revenues imv. Personally i have no idea but the sellers of the shares do.
Slik,
Conversely some large buys as well, what a funny old world we live in :O)
2020-01-28 14:27:08 22.00 200,000 21.86 21.98 Buy 44,000 O
2020-01-28 14:27:03 22.00 200,000 21.86 22.00 Buy 44,000 O
Lots of big round number sells today, 50k or 100k at a time, look at level 2 or the trades tab. No idea why, sometimes it’s because there’s news next day, sometimes just because some large holder has decided it’s time to move on. Watch the trades to decide when’s the right time to start buying.
I have learnt from bitter past experience that when all goes quiet on oil shares - the news is rarely eventually good!
Not intended as a de-ramp... could all prove fine in the end... but I am out of here now until the BOD deem it pertinent to update PI's.
If the news is good... I can live with it... but if the news is bad... at least I won't be cursing making the same mistake as I've made too many times in the past already.
GL A :-)
If thats the case taverham then HUR should have issued an RNS immediately as that would mean inside info or a leak has allowed people to have an unfair advantage and that is clear cut illegal
My guess is there are people who are aware of an issue and are selling. Perhaps some of the aberdeen based posters could offer a view?
Lots of opinions... the only fact that really matters is that the SP has consistently fallen .... I have added....and added again to reduce my average. I could add more but wont as I feel that I already have too much exposure. Now sat waiting for almost a 75% uplift to break even!!
I dont disagree with many posts... looking at oil revenue, previous RNS... etc
My only concern is if there is some unknown justification for the SP drop... I'm hoping it is just C.A selling their shares... if they are still doing that!!
Other posters may say its manipulation... but seeing the SP drop daily is concerning.
Rant over !
=definately
The clarification that this is fefinately perched water rather than them simply being confident that it is. There is quite a big difference.
It is only the price of oil that has fallen over the last few days - water still has the same value - so why the sp drop?