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There were long discussions of DSPP's nonsense about water cuts engulfing the company.
He was actually taken seriously.
One veteran investor actually sold his holding because of it.
And yet, when Edison say HUR's NAV is way above its market value, we read that Edison isn't impartial and has been paid to give its assessment.
How about TLF?
just reading the Edison note....so if all is well 35p minimum we can expect at a $70 oil price and Hur need to be producing at 17kbopd..
"In our last note, Hurricane’s core NAV stood at 35.2p/share for Lancaster EPS at a plateau of 17kbopd. The GWA tie-back accounted for 4.1p/share of a RENAV of 109.9p/share. We will be reviewing our forecasts to account for the new work programme".
Sorry my last on this thread was posted on the wrong thread
TSD
"They don’t understand the impending gloom over the bond issue incoming.
I wouldn’t touch with a barge pole ."
What's made you change your position? The other day you were 'in' at 8p, have I missed an announcement?
www - lets face the note did little more than copy the RNS. I agree that being paid for by the company means it should be taken as such.
the only possible contentious issue is the 35p valuation of EPS and 5p for GWA. I have to say I wouldn't disagree with those valuations. funnily enough on the december RNS of GWA result to SP dropped to 36p ish......so it looked like the market agreed....it was only after the relentless tag teaming of negative views on water cut that it has dropped to 30p/20p/15p
hopefully CMD will raise it back towards 35p - though i am sure the climb up will be slower than the descent down.
From the small print:
This report has been commissioned by Hurricane Energy and prepared and issued by Edison, in consideration of a fee payable by Hurricane Energy. Edison Investment Research standard fees are £49,500 pa for the production and broad dissemination of a detailed note (Outlook) following by regular (typically quarterly) update notes. Fees are paid upfront in cash without recourse.
So it’s not independent in my mind.
daltry...Edison analysts are paid by companies to connect mainly institutional investors to the company deep potential and details but not a brokerage advising to buy or sell shares..
It is unbiased analysis of facts and highly respected in industry of financial markets...
They never wrote biased reporting about any company...they are independent IR
It is a useful factual detailed analysis of the company .
Trouble is HUR is a paying client of Edison. Conflict of interest. Of course, they won’t write bad things...