Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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HUR Market Cap today makes no sense whatsoever, it will certainly not stay this low for much longer IMO, and I can clearly see 12+ here a lot sooner than most currently expect.
Major breakout here is now imminent IMHO, HUR SP is just simply way way too undervalued at present.
Brent 45.08
Brent 44.89 Takeover maybe producing good amount of oil, undervalued, BOD could spend a few mill to move this stupid price and dent the shorters at the same time.
It's an old interview with Alistair Stobie... boo hiss, some may say, but he covers investment in the O+G and the difficulties it faces going forward.
https://www.energyvoice.com/oilandgas/north-sea/199724/mid-cap-oil-firms-facing-investment-crunch-as-fund-managers-go-cold-on-fossil-fuels-hurricane-cfo-says/
There has only been minimal investment in the O&G industry since the late 2014 major oil price drops particularly in exploration, and this fact has been further exacerbate since the start of the Covid-19 pandemic. Therefore now with forced production cuts by OPEC+ and US Shale producers at a time that demand is just starting to pick up will lead to irreversible market imbalance leading to supply shortages, and subsequent crude price rises which could be very significant, hence, much higher oil prices could just be around the corner, and HUR with it's truly outstanding assets and potential at unbelievably undervalued bargain prices will be the stock to own here going forward IMHO, and please DYOR.
Loads of value in the general market but this is a shorters safe haven. 3p low
In time this will be worth more than that , massive oil......,water depletion and lots of prospects , dr t still there so I’m very confident ho ho ho
Where in the world of fairies do you see £1.20p....
Or am I missing something obvious ?.
12p no way ............hold for at least £1.20
I'd take 12p at this moment in time , it would be nice to see 7p in fact...
Any attempted takeover of HUR will have an immediate effect in the market - generating further interest by competitors at the audacity of any “low-ball” offer. I would expect the BoD to immediately reject such an offer in view of their stated intent to achieve financial resilience – they are clearly in for the long term!
The BoD has exerted more control over future capital expenditure and has available a steady flow of income, the level of which is known and essentially guaranteed over the next few months - a result of the $35 PUT option on 10KBoPD.
Additionally, the BoD is establishing the company’s future credibility with an updated Competent Persons Report (CPR) in Q1 2021. A report which will be eagerly read by all, and the basis of future decisions, plans, operations and co-operations, ability to raise and service finance, and the SP, etc.
Obviously, the CPR may not be as optimistic as previous publications and this could have a detrimental effect on the company. Hopefully, this will not be the case!
Surely, to attempt a takeover, prior to the opportunity of evaluating future short-term production and reservoir operations, supported by the delivery of an independent CPR; is a “jump-in-the-dark” and unwarranted gamble for main-player companies in the sector.
Hurricane is not subjected to financial pressure and has a satisfactory cash-flow which gives the BoD time and space to consider, and correctly react to, current economic volatility and irrational markets.
The BoD, therefore, has no apparent requirement for the company to be taken over. So, until the CPR is produced, I do not foresee any realistic prospect or a Takeover offer and all comments on the matter are speculative and the effort in making them nugatory.
But if the “Loony” or their ilk, do come calling I would not be interested in any offer below 87.65p!