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Hope everyone’s well and staying safe, not like those idiots on Brighton beach yesterday? As for HNL no one could predict covid and implications my view we should have relisted sooner but now would be happier to wait for better relist price
Your joking easyinvestor we have the 2 best crystal ball gurus in the business on this share discussion. But let me look into my one yep maybe 2 quid next year.
More excited abut my other Dog in my p/f PFD which is coming up roses currently or should I say kipling !
We shall soon find out what Cochran's plans are in the annual report so no Chrystal ball required. There is a flood of cheap LNG from the USA and Asia flooding the market hence Dutch TTF price has collapsed. See below, the future should be a little brighter for gas producers.
"The reason for this is a major shift in LNG market balance in 2021. Around 65 bcm of new LNG supply is due online in 2020. But new supply volumes are set to fall to around 13 bcm in 2021 and only 6bcm in 2022, well short of anticipated global demand growth. So in the absence of a demand shock, this rapid drop off in new supply will structurally tighten the LNG market balance and alleviate pressure on European hubs.
The current downturn in TTF prices was triggered by a shift in LNG market balance back in Q4 2018. The price recovery turning point is likely to have a strong LNG market link as well. The dynamics playing out in Summer 2020 could well mark the bottom of the current gas price cycle."
I'll cancel my retirement party I think!
Some will be worse off than us I’m sure of that, just put it back a year or two.
Some bed time reading at least.
No surprises really. This years results 2020 will be even worse than these 2019 results. Back to sleep for another 3 years !! At least they have some cash in the bank...lol
Average of 2,198 boepd and the Group now has net proven plus probable (“2P”) reserves of 16 mmboe, in the offshore UK and Dutch North Sea. Acquisition of several ONE-Dyas assets in the Dutch and UK North Sea to add significantly to HALO’s existing portfolio, adding c. 2mmboe reserves and c.1000 boepd production.
3,198 boepd + 18 mmboe reserves subsequent to the transaction isn't too shabby. Gas prices are set to rise through 2021 too. HALO just need to hang in there. HALO might also be able to pick up a cheap asset with Engie assistance. 2020 is going to be a tough year for HALO though. Re-list mid 2021 at earliest I think.
Cash flow MT
That’s all they need to keep an eye on which they say they do in a monthly report as stated in the AR.
Gas and oil will recover and being in a position to benefit the rise will hopefully take us after the One deal back to profitability.