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Agreed you have to be kamikaze to be shorting down here. It’s now valued at cash and dropped 60% in two weeks.
expecting a move above 8.5p this week
Oil prices increased by 88% in May. Looking good for June too!
massive backside, not upside...
@Tyson, You are always forgiven. Now to your question, simply because I would be if I was a HUR short today and going into Monday post a 5% rise in Brent just over the weekend, and with HUR SP currently significantly undervalued going into the AGM next week, we are clearly at or near the bottom for HUR as almost every pessimistic situation has now been well priced in here and therefore, I can only conclude that massive upsides lie ahead from here on, all IMOO, and please certainly DYOR.
Forgive me but how do you know the shorts are nervous?
I remember MGW having target of £1 not that long ago. If only the SP price could could increase in size in tandem with his gut...
The Shorts seem extremely nervous going into Monday, and AGM week, they certainly should be IMHO; HUR is super undervalued at the moment, this wont last for long, time will only tell.
I’m happy with 20p
45p the broker said
Unfortunately I invested from about 45P and again and again up to about 60p!
I have averaged down but that was at 9p which I hoped was a smart move doubling my investment for (relative) peanuts! Feel a bit of a monkey Atm :-)
Not much upside since then :-)
I will continue to hold as I’m still hopeful and little point selling at a big loss, I have time yet
tux..was thinking the same possibility. oil price is up - things may be getting back to normal.. i am not expecting too much from AGM though trice could always give us an update on increased production from well 6. one would think that production should at least be on the way to 14k per day with 16.5k as the target until the EPS is commissioned
we seem (fingers crossed) at the bottom and the commotion has calmed down - so the market could see it as a time to readjust the price.
if 12p was the price before disappointing RNS i think it would be feasible for a move towards 9p ish
Agreed expecting a move through 8p next week. Poo was up 6% from the London close looked very controlled this week
If not already at the bottom, we should be very close, certainly feels like a great time to buy/top up here IMHO.
"The worst time to have invested, Tyson, is at the top.
The best time is at the bottom."
Longwait, You are pretty much correct....!?
.....but 'Big Question' is?.... Where is a bottom here?
5p?.... or perhaps sp already reached the bottom at 6p?
;o)
' the worst time to have invested.'
The worst time to have invested, Tyson, is at the top.
The best time is at the bottom.
I too have no wish to 'abuse' Tyson, but his comment about FFD seems to fit the pattern we've been seeing of supposed obstacles to HUR's success or even survival.
People are still talking about water cuts, whether HUR can make a profit (even though oil prices are now PLUS 37.70, not MINUS 37.70), whether two producing wells will both have to be abandoned, how to pay off the loan (as though PMO, with a loan 12 times the size of HUR's, couldn't do it three years ago) and how to finance FFD.
Quite apart from having too many shares and too much oil.
Hope your right AbUk.
I’m not exactly a LTH - only 18 months or so but possibly the worst time to have invested.
So disappointed with the SP particular when HUR have achieved so much and are making money!
??
Tysonfury123,
" I know it’s in different situation as HUR is earning but they need money to continue to drill, extract, develop the Full Field etc "
Not 'abusing your comments' as you put it. But it has NEVER been Hurricane's intention to go to Full Field Development all on their own. I think money already in the bank plus that to come should cover things like drilling and 'extraction' (not to mention O&GA for at least a year), by which point hopefully Oil in general might have perked up, and maybe they'll find the partner / buyer they've wanted right from the get-go.
Other than some technical bumps in the road, not to mention the CV19 black swan, things continue very much as the company guided at least five years ago.
Only my opinion but I think this is deliberately being hammered so that it can be picked up for buttons.
Fortunately HUR have some cash and should have a steady ( but lower) income, but it’s like the SXX drama all over again. I know it’s in different situation as HUR is earning but they need money to continue to drill, extract, develop the Full Field etc so there’s still risk and it is being played on like hell.
Pls don’t abuse these comments - it’s just my own feelings on it , and I hope I’m very wrong. I’ve got a good percentage of my “porfolio” in here and would like it to start by getting to my break even price!
TF
I agree that HUR is now way too oversold and only way from here is north, 25.00 by year end would definitely be nice, fingers crossed, time will tell for sure.
IMHO, we should see positive SP movement by and post the AGM, HUR is fundamentally very well positioned and I would not at all be surprised if we see massive moves back up a lot sooner than most currently expect, particularly if Brent also moves in the right direction with easing of lockdown rules, and no reason to not reach RBC PT of 25.00 by year end, again IMHO.
"spaceX is delayed..soo is HUR share price"
Well, You exactly get to the point.....!!!
Lth's?...
Hardly acceptable but factual.....;o(
;o)
spaceX is delayed..soo is HUR share price
Never: Any positive news would be welcome but i believe that they need to keep producing at a steady rate until the cash pile builds up before exploring more drilling in the same area. As it is still an exploration Company primarily and is receving income, then they need to have more thought into the next drilling area. This last one was a wake up call and could have been a lot worse outcome. A high risk share but that`s how to make decent returns at the risk of big losses...
ROCKETVI, Perhaps some good news may come out of the AGM next week, I also topped up/added on the drop, could be good time to be brave on such low valuations IMO.