The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Unfortunately it’s not a good time to be apart of oil. The market wants a cleaner, greener path to energy and unfortunately for HUR, it’s eggs are all presently in 1 basket. Don’t get me wrong, as a company it’s Brought 2 wells to fruition and is now revenue generating. It’s last couple of dusters will have dented confidence and market sentiment. But I do see value here, but is does not come without its risks. From a reservoir perspective, have we seen any drop in flow rates? Are the wells still giving dry oil or have we seen any water cut? ADUK is around on this board? ThanksTops
Oil is not in vogue, but still incredibly essential. But China is the market that effects all commodity prices from iron, coal, oil etc and with an already weak growth trajectory this year, the corona virus is going to make Chinese figures the worst in over 3 decades. Its trickling down and effecting a lot of stocks. IMO
PMO’s acquisition of the Andrew and shearwater helped to drive positive sentiment there. I would disagree with all other Oiler’s have performed well. Those that have, have been performance driven. BP for example has performed terribly 2019 Q3/4 and thats been reflected in the SP. Good to hear the updates on well performance.
its all a bit daft as, from what I have been able to ascertain, we haven't reached peak oil consumption yet. And consumption wont fall off a cliff even when it has been passed. Good old Greta has raised the liberals into a raging froth and oilies are being punished at the moment independently of the actual PoO. I'm certain massive oil production will continue long after I've shuffled off my coil.
Oilies are certain to make a comeback, if only when the horrified masses notice BP/ Shell etc can yield 6-7% in their pensions and ISAs. Amazing how a bit of added dosh often eases peoples moral conflicts.
'It’s last couple of dusters will have dented confidence and market sentiment.'
I think you're wrong.
WW wasn't a duster and one of the three drills was a resounding success:
Hurricane Energy 'delighted' with test results from Lincoln Crestal well
Oil and gas explorer Hurricane Energy was "delighted" to reveal that it had recorded a maximum stable flowrate of 9,800 barrels of oil per day during testing at its Lincoln Crestal well, off the west coast of the Shetland Islands.
Chief executive Dr Robert Trice said: "We are delighted with the results of the Lincoln Crestal well. We have confirmed the presence of light oil which can be produced at commercial rates.
"This successful result brings us closer to monetising this huge resource."
As of 1130 BST, Hurricane shares had climbed 8.54% to 49.17p.
https://www.sharecast.com/news/aim-bulletin/hurricane-energy-delighted-with-test-results-from-lincoln-crestal-well--7013415.html
LW
At what point do we need to start to get concerned about the lack of news about the OGAs permission to link Lincoln Crestal to the AM? Is it a real possibility it will be refused?
Reservoir conditions can change in a heart beat. Projected boed is just that, a projection on expected performance only. To take that as a guaranteed expectation will set you up for failure. I’ve known wells with 1 meter fractures with expected 40k dry oil output, give 40% water cut in a matter of days.
Moral is, output should only be taken as guidance and not in fact guaranteed.
Thiops........so he makes comments and asks questions all on the negative .......which he can easily find the answers to either on Hurricane RNS or look back a bit on the chat......trying to come across as Mr Conservative......sorry mate , another tool surfaces...
Dont understand this drop...Looks like all stop losses are now being taken out...
Capitulation now???
been thinking that for days and its still going!
You know, thiops, we had posters warning HUR wouldn't get to First Oil; then posters warned the oil wouldn't last six months; then we had DSPP convincing investors that HUR is selling barrels of water to BP.
We have also had posters claiming that Warwick West was a duster.
The earth could be hit by a meteorite and that could be the end of LSE.
There are still posters who claim that FB doesn't work.
Over on UKOG, posters were saying just weeks ago that HUR is going into receivership.
Output is going up - not down!
In answer to your question, John: I'm not concerned about LC.
I don't think anything is going to go wrong with HUR as a company.
Posters have been trying for years to think of things that could go wrong, but it still hasn't happened - because RT did his homework before even starting this project.
The only thing wrong with HUR is its investors - and I don't mean all of them.
The sooner the BOD announces a plan for a full listing, the better.
“The sooner the BOD announces a plan for a full listing, the better.”
Imo it won’t matter a jot. This fall is down to traders putting out fake news and milking any chink in the comms strategy from a top engineer that is trying to be a top Ceo. I am in ARB, listed on main market and behaves like it’s on aim, look at how TCG was traded. There are lots of examples. Sure some funds will only be able to buy on main market but I suspect others will only be able to hedge main market shares. This will remain a traders train set until the numbers are out then hopefully sentiment will change and so will the sp. I am surprised a 50% retrace in sp doesn’t warrant a statement of sorts but hey wtfdik.
Trek