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Nobody knows what’s going to happen at least not us pis someone on here last week was saying how good ukog was doing as it went from .19 to .48ish in a day I had 5mill but sold at .23ish and then regretted it but now it is sitting around.19 to.20 so anything can happen in a week.
Where is the bottom, charts, and all the other rubbish, enthusiastic new comers who bought in cheap.
We are pumping from one well and hopefully at a decent rate, we have a chunk of money sitting there in the bank if we get good news the share will go up ( but with Hurricane it has a nasty habit of going down on good news) bad news and who knows for sure I for one don’t.
If you don’t like the risk sell up and play with safer shares, here is risky but the rewards could be good.
I think what everyone is forgetting is that she's the interim CEO. For all we know she may not want to continue in the role....
This makes interesting reading and some of the points have been made by several many times before. Oil coming out of the well,£ being backed ... and the share price is ridiculous!
I’m in at an average of just less than 30p,having been before about 18 months, which time wise wasn’t the best call! I have thought about doubling my shares and would bring my average down to about 17p for not really much ££. Seems a bargain but I really don’t want to be throwing good £ after bad!
Not looking for advice ..just can’t decide whether the shares are now a bargain ( but I don’t believe that or no one would want to sell me another 30K of them ) or just a disaster waiting to happen!
Adonis....All oil companies face problems in the initial years of their exploration and production . HUR prospects has not changed until confirmation comes to this effect from the company itself but not from bb!
The high calibre of the new ceo and her industry reputation is at stake now and I don’t think she would’ve accepted the new position to destroy her future prospects...
HUR prospects are there and I expect the coming RNS to reiterate this and regain the market confidence in HUR . Then we will have. Re rate of sp once we have the market confidence back..
I am as confident as I can be of HUR good future prospects with the new bod,ceo and Dr T still sitting on the table with them..
That’s all from me this week
Have a great weekend everyone..
GL holders
I am rather bemused to see the current SP at below 6p and not long ago sp was in the 40s...
Even if the production dropped by a third with all in cost pb slightly higher but still doesn’t justify where we are now....
Well the market doesn’t like HUR and punishing us severely for misleading it!? If this was the right word..
Otherwise we are profitable, producing 12k bp a day , problems are being looked at and to be rectified, alternative possibilities of rich assets to be explored,new bod appointment with a new ceo. Then Company aims to increase productivity,cuts costs,reserve and protect free cash flow and realise shareholders value..
So what’s not to like!?
Well ..patience is required ,maybe a lot of it..
Holding long and strong..
jointhedots
My belief, subject to seeing an overall plan from the new Board, is that we are now simply in the same situation as nearly every other oil exploration company. At the moment, companies are more willing to buy existing productive assets, even with high water cuts and production problems, than to explore. Much depends on what level of production we can achieve at a stable level of water, along with the matching Brent price. The more exploration is on hold, here and elsewhere, the higher the price of Brent, come 2022/3. There sits the basis of why I believe this new Board will not be content to be a production company. Not to mention the the Chairman having paid over 40p/sh cash for his holding.
malrees - Your opinion is as good as anyone's and may I commend you on stating it's your opinion so clearly and not stating something as inevitable or the only option - that's what I was so critical of .
You suggest thinking of HUR as an Exploration company, but the problem is it is a production company, as exploration is now under threat - if they announce some exploration, especially for this year I will be very pleased as I think waiting a year is a mistake, in the meantime we are totally dependent upon production performance.
jointhedots... may I suggest you try thinking of HUR as an oil Exploration company which has become viewed by some as a Production company. It then looks rather different. The new Board has a job to do and without RT the explo will be more difficult, but the technical knowledge is still in the Company for the Board to use. That is the only way forward to get real value for our assets I believe, particularly Halifax. It will take time, but unlike many I think we have that. Three years should do it, during which time we will have re-financed the Convertible.
Oil price Volatility, is the main enemy day to day here, a threat as it ever was.
I have noticed more often than not the oil price tends to be pushed down during the day and pushed up overnight ready for another dip - even though the oil price generally goes nowhere it gives the MMs and bear contingent a stick to beat us with - fear and caution prevails as no one has any confidence the oil price will hold.
This phenomenon holds true for almost all the smaller oil companies, but the sting in the tail with HUR is that as some have already commented (partially correctly) is that the SP does not respond to the oil price - it goes down with the oil price but is very sluggish to respond to a rise.
Hence the SP is currently shot to near death, could go either way from here, but those suggesting this, that and the other catalyst is necessary are talking BS, there is no rule or inevitability to it, it can move for no reason or stay parked in the face of great news (as many have seen before).
There was little reason for TWL and POG rising to dramatically, around 500%, just a bit of good news but the problems still remain. HUR is a sitting duck, unloved and able to be taken into the grip of any number of entities until there is some certainty.
Lots of possibilities, just pondering the dilemma the other day, a got to thinking how disappointed Dr Trice must be, following the logic some dislodged bosses immediately set about trying to regain control (e.g. POG this week). Clearly he hasn't got the clout or support currently. But assuming after assessment all is well he could team up with some entity with financial clout to take over or dislodge Kerogen. Just an off beat thought, the point is none of us have a clue what will happen- again some suggest they have some understanding
All still to play for. Oil now moving up a little but the SP slumped off early day highs, logic? None IMO.