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@mcadder - Dr Doom .. that made me chuckle :-)
Actually Doom the price went down to 2.5p and has started its recovery so I'd say we've turned the corner.
A lot of the PIs have been getting "a taste of the action" from significantly higher levels. Apparently, there was no wzy it was going lower than, 15p, then 12p, then 8p, then 6p,then 4.5p. Yet, here we are at 3p.
Good to see the poorly constructed and repetitive bears here.. vested interests at play and they don’t want the pi’s to get a taste of the action now. Plenty to play for and plenty of time to resolve issues.
"Mcadder, we shall see who has the final laugh."
No we won't Dr Doom cos unlike you I won't be on this bb gloating in your face when this re-rates I'll just simply engage smug mode
What ramping Kaboom? It's clear the EPS is performing below expectations and that WC is a problem with either remedial action or a new well needed or a Lincoln tieback well.
Nonetheless, CA see value....otherwise they would NOT have topped up hugely.
Mcadder, we shall see who has the final laugh.
Brason, in that head of yours, have you contemplated the scenario that the CB owners could be the shorters? I guess not since it does not fit the ramping story.
Haha Dr Doom is either clueless or simply rattled. Probably a bit of both
Brason, and how much of that cash is required for the WI, just to keep the well flowing. How much for ghr decommisioning bonds?
Shareholders more likely to be wiped out.
Shorters get issued shares? You really have no idea Kaboom. !! CB'swould be issued shares....not the shorters.
Sorry, that should read to reduce interest payments by buying up convertibles on secondary markets...
Kaboom, 106 m cash , no debt due until July 2022.....no going concern statement, ability to purchase CBS at 30 cents 70% below par on secondary markets and to reduce interest rates. Watch this space
Unless the shorters get issued shares as part of HUR drive to repay debt. In that case, they do not need to close.
Well I would have thought we find out if they have reduced in the next week or so. All of these shares that have been churning around have come from somewhere..
Don’t forget 3.5 percent of the company known to be on short. I usually double whatever shorttracker says I’m my notes to take account of positions under 0.5 percent .. it’s usually a reasonable estimate. So those shares need buying back and I suspect they will be around these levels.
Some of the LTH will remeber when Kerogen sold around half of their holding
https://www.oilandgasvisionjobs.com/news-item/big-shetland-oil-bet-pays-off-for-investors
Hong Kong & London
http://www.kerogencap.com/
Greg,
Got a feeling in the back of my head, they might be Jersey based? not 100% sure though.
Depends on the jurisdiction Kerogen are based on and what their thresholds and rules are...
Greg,
yYu may well be correct, in which case a TR1 will be due tomorrow??
Jiffy, almost 1 billion shares have changed hands last 10 days... If they were getting out I am sure they probably pretty much already have!
My conern after today's RNS is that Kerogen are or might well be preparing to bail out?
We will see what transpires.
Also do not trust CA as they will be waiting in the wings to sell on the next good news inflection point whatever that might be, going to be a harrowing time for LTH's, IMHO.
Tuxedo8,
Stop being in denial. Marketbeat is outdated, 25p target was from the 26th May.
here are some links for the updated rating dated 22/09/20:
The Fly: https://thefly.com/landingPageNews.php?id=3163693&headline=HRCXF-Hurricane-Energy-downgraded-to-Underperform-from-Outperform-at-RBC-Capital
Morningstar: https://www.morningstar.co.uk/uk/news/AN_1600763886952616800/uk-broker-ratings-summary-rbc-ups-imperial-brands-bat-to-outperform.aspx
LSE: https://www.lse.co.uk/news/HUR/uk-broker-ratings-summary-rbc-ups-imperial-brands-bat-to-outperform-7dkp3sqiw7flp33.html
DYOR.
Roar ...
mcadder,
I think you need to understand how broker ratings work lol.
RBC Capital broker rating was "underperform" with a target price of "1p".
Meaning that the broker is expecting the share to underperform in comparison to the general market/sector, and they are expecting a target price of 1p.
But as people have mentioned here, it's just a brokers note. Don't pay attention to it and do your own analysis.
Don't be a sheep that follows shorters/brokers. Be a lion, do your own analysis to beat the shorters/brokers. They're in the same boat as you with information available.
Slift
There is no outperform target of 25p. HUR kitchen sinked it and RBC did likewise. The prior target was 25p. The current target is 1p. 1/25th of what it was before. Don't worry, nobody else is buying this BS so you can do it as often as you want and it will be --worthless--.