Hurricane Energ Share Chat (HUR)

“RagingBull - Why do you think this is not moving north faster ( aside from the obvious buyers vs sellers )”

chique, Markets are never rational but overtime they usually do adjust, hence why patience and not selling too early is key in successful investing. As for HUR, lot of totally unnecessary damage was done here by the old completely useless BoD who artificially suppressed HUR SP in order to help with their crooked agenda, now with new BoD plus CA/Saba involved here trust is slowly coming back to HUR, and if PoO stays in the $80+ range this year, HUR market cap should easily be in multiples of today trading in the 20p+ range minimum this very year, all IMHO of course.

RagingBull - Why do you think this is not moving north faster ( aside from the obvious buyers vs sellers )

Topped up a little bit here, although, shares were pretty hard to come by today. Now with $87+ PoO firmly in place, looking at HUR, it must surely be the bargain of the century in the waiting this year, most oversold UK oiler trading by longway IMO, DYOR.

Times today - Russia threatens to weaponize gas supplies to Europe as Ukraine lever. Potential gas price further huge rise - with knock on impact on oil price. Gas tankers being sold to highest bidder whilst at sea - tankers being re-routed mid voyage.
If Ukraine situation doesn't focus UK gov & the OGA on importance of energy security, nothing will
Brent $88.4

ernie. yes. they agreed 2 yrs with saba. saba have shorted all ca companies except HUR. because see hur potential. 2yrs is longer than usually agreed

https://oilprice.com/Energy/Oil-Prices/OPECs-Shrinking-Capacity-Could-Send-Oil-Above-100.html

''CA have nigh on 2 years to liquidate.''

Would anyone be kind enough to explain what this means, are CA duty bound to restructure / liquidate their current positions within 2 years ?
Any help / guidance appreciated .

Sense.... "for the moment that CA goal is to raise SP "

Which is why I'm also invested in CA.

true, vannuys. divergnce will come when ca seek to liquidate. whereas i can't see how ca can 'harm' SHs in any way,. i suppose ways exist. i suppose will naturally become clearer. at least we know for the moment that CA goal is to raise SP so we don't have to worry about being shafted for a goodly while.

CFO/CEO by virtue of the fact posters and CA would welcome their departure, they know they are on borrowed time and will not be motivated to drive the Company forward.

I have spoken to no one at CA
CA management collectively have both a visceral professional, and personal, hatred of Maris & Chaffe. They exist as CEO & CFO under necessary license.
CA are working separately, and pressing HUR, on multiple fronts. CA cannot control which fruit first drops from the tree
At present, CA's goals and SHs goals are identical. CA have nigh on 2 years to liquidate.
If and when CA & SHs direct interests inevitably slightly diverge, CA will not harm SHs interests. CA will not forget SHs extraordinary input ensuring HURs survival

Rfarfa

I have posted very similar statements regarding our Senior Leadership, they need to go and the Company can move forward with a great opportunity to develop and raise the SP and production prospects.

I would like to think CA have the same thoughts.

el19 I've hit the recommend button!
The problem is PI's who OWN! Collectively a large share of the company.
Need to start collectively asking the BoD's questions and vote on matters that they can vote, shareholders own the company and we pay directors handsomely, to make us money, by way I of dividends, etc. Isn't that fact written in small print, in all companies rules and regulations.
Senseman has demonstrated beyond any reasonable doubt that collectively we can bring pressure to bear! But realistically we need hundreds to put pen to paper not 100 to let our employees know that we do not agree with how matters are presently progressing.
Just my own ramblings, but common sense to me.

El19. Understood. I am similar view. I see a big oil co. coming in around 15p bid. Price covered by tax credits and a free option on possibly huge reserves. CA key here on offer acceptance. If they have to unwind in 2 years then pressure to accept the offer. Hur could be worth a lot more with possible farm in and using on cash to develop their assets. Longer play and not without risks but upside potential vast.
Current management need to work very hard for shareholders if they stand a chance of regaining trust and their own reputations.

Hi Red – Just seen your post…can’t really go into any detail of what others were sayin, but I can give my own general take on it. Basically, imo hur needs a final clearout of the old dead wood, in order to get to where it should be…I believe there was 3rd party interest/options well before the HC, but these were totally ignored so that co could be pretty much gifted to bh’s last june. There’s still many viable options open/on the table for hur today, but are they gonna be pursued or not? Hopefully snr mgt wakes up and smells the roses, but if they don’t then provided we haven’t been sold off on the cheap in the coming months, then s/h’s need a vote of no confidence at next agm and a new team in place asap. All imo of course…and hopefully a super-positive rns/fwd plan appears in the near future…if it does then maybe current mgt might survive & still have a career in o&g. Regardless of whether we’re sold/+ve fwd plan arrives, the hur sp will do 8-10p minimum in coming months…so at these crazy levels, I’m buying as many as I can. I do realise that for all lth’s we need a fwd plan..and that would ensure the kind of eoy sp that others are now predicting…GLA

El19

Care to elaborate on the interesting chats ?

I bought 228000 more. GLA
Onward and Upward;)

After a few interesting chats with me mates, I just cracked...an' 10 mins ago bought another 225,348 hur shares :-) ....onwards & upwards poo & hur this year 4sure imo GLA

Brent Price Live:

https://tradingeconomics.com/commodity/brent-crude-oil

“~20p by August and 25p+ by this very Year End are now my predictions for this vast flagship and potentially extremely prolific WoS oiler based on present day fundamentals including PoO along with current forecasts, HUR’s vast assets (including huge tax credits plus IP) are simply getting more & more valuable by the day!”

I tend to agree, and with sizeable positive re-rate here now long overdue I believe.

Ohmarko the Deviant - we'd all hoped you'd caught a nasty disease and were in a coma
Get thee behind me Satan!

Post from ADVFN today:

monkeybusiness121 Jan '22 - 10:12 - 31867 of 31870
0 6 0
As vast HUR assets increase in value here along with Brent prices, rising “windfall” taxes for the O&G industry while also new WoS licenses get harder to come by going forward, IMHO, HUR PT is 20p hit before the end of this year, unless of course, a bid/takeover comes first.

This share hardly can lift over half 4p..and that rusty rig is getting closer to end life... I have seen in last 2 years 10p 20p..and 30p predictions..and it was only predictions... Reality is from 60p down to 0.6pence. And then just now adjusted with Court help to 4p... Market simply don't want to see this company any more..they had enough..
Very profitable Nord sea basement but somehow only x1 lucky rig from many drilled... Which costed all 220m investment .... So looks like you need another 300 to find one more rig ... And some kuck

HUR's market cap was purposefully suppressed by the old BoD for their giveaway agenda, now with very tight supply demand fundamentals in place, especially as global economies start to open up, PoO can only go north and so will significantly ignored and currently undervalued Hurricane Energy which should already be trading in double figures.

At this rate, highly likely that HUR will get bought out before the end of the year and even today, I put a fair value of circa 14-16p as bare minimum here, DYOR.