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Tindrum. Fossil fuels commentary on Hur whilst being long Tlw. Lol, what a joker
Bull I understand we need now and in the future oil ,just saying we aint very popular ,sentiment for all oil companies low so people are more wary of investing, hence HUR not swallowed up.
So HUR got to raise some dosh to take advantage of their resource otherwise we are at stalemate. With the number of shares and MCap imagine what HURs PE would be if they paid a divi
Long on TLW as they have lost 40% on heavy oil in Afica discovery and some down production ,they still have 89kbopd so i believe they will rebound quicker .
'With the number of shares and MCap imagine what HURs PE would be if they paid a divi'
Whether a company pays a dividend or not has no effect on its P/E ratio!
But, in any case, you need to do your calculations again.
'So HUR got to raise some dosh to take advantage of their resource otherwise we are at stalemate.'
Somehow, HUR was able to explore Lincoln and Warwick without having to raise dosh.
How do you explain that?
The 'stalemate' would possibly put us on a P/E ratio of two in a couple of years' time, which could easily justify a far higher share price as well as generate a massive cash pile..
There are many possibilities: using cash to prove up resources / more farm-outs/ a takeover bid .
There is no 'got to.'
Longwait
P/E Ratio= price per share divided by the earnings per share
so to have a PE of 2 (as you say)on 33p HUR would have to pay out a dividend of 16.5p which is over 330m per year.
? I dont think so mate ! more like a PE of 100plus
"Somehow, HUR was able to explore Lincoln and Warwick without having to raise dosh.
How do you explain that?"
Yes it was by a massive share dilution that the analyst talks about
'Longwait
P/E Ratio= price per share divided by the earnings per share
so to have a PE of 2 (as you say)on 33p HUR would have to pay out a dividend of 16.5p which is over 330m per year.
? I dont think so mate ! more like a PE of 100plus'
You're making an elementary mistake, by confusing earnings with dividends!
your still saying they are going to be profits of 300-600m earnings/ profits for a PE of 2
If HUR are producing 30,000 bopd, with an exchange rate of $1.30 and oil price of about $65, then excluding tax, the P/E would indeed be 2.
thank you Longwait 30000 bpd not the 11000 today
And how much will it cost to get there.
Anyway stop this bickering now, off to pub hopw HUR goes up next week for you as well as TLW for me .
Have a good weekend
'thank you Longwait 30000 bpd not the 11000 today
And how much will it cost to get there'
Answers invited!
I thought production is expected to increase to 17,000 shortly, possibly 20,000 a while later, and that the cost of producing from LC is covered.
I recall reading that production could rise to 40,000.
I therefore stand by my figure of a P/E of 2 (or 1 if the price falls to 15).
tindrumgambler,
You responded to a (I suspect rhetorical and rather satirical) question from 'Longwait', which was:
"Somehow, HUR was able to explore Lincoln and Warwick without having to raise dosh. How do you explain that?"
Your 'answer' was
"Yes it was by a massive share dilution that the analyst talks about."
I'm a bit surprised that nobody else has commented on your response, because it's utter stuff and nonsense and factually untrue. But I suppose the lack of response is that many people have already filtered any of your posts, so don't get to read them. 'Cos the majority are similar nonsense as well. However, the 'filter button' is something I have never used.
The exploration well on Lincoln took place in 2016, and its successful drilling along with that on Halifax was supported by a small fundraise in October of that year. It came as a bit of a surprise, because the proposed campaign was only for Lancaster 7 / 7z, but through things like 'shipwatchers' checking on rig contracts and so on, it became obvious that the scope was going to be extended.
I suspect the ' massive share dilution that the analyst talks about' to which you refer was that of June 2017. It was on the cards anyway, and obliquely refered to by the CFO as a 'slug of equity', so nobody could say they weren't warned. Sure, a few months earlier there was an unexpected 'warrents issue' to cover a cash-crisis which nobody had expected, and which caused controversy, but that was a different issue, and didn't represent 'dilution' at all at the time.
The 'big fundraise' which did, had absolutely nothing to do with Warwick, nor Lincoln. It happened to finance the Lancaster EPS. Refurb of the FPSO, making the new buoy, getting all that stuff into place along with the other material costs, and so on.
The latest drilling campaign (initial exploration well on Warwick, the rather 'iffy' Warwick Deep, the very successful Lincoln Crestal, and the latest Warwick West), was financed by a 100% free-carry by Spirit Energy in exchange for a 50% interest in the GWA. With further participation in appraisal next year, for which a rig contract has already been provisionally established.
These are very basic FACTS, which anyone with even a relatively short-term knowledge of the company could tell you, just as I'm doing now.
If you can't even get these 'basics' correct, whatever makes you think anyone's going to take the least interest in the rest of the rubbish you write?
ADUK
you say
I suspect the ' massive share dilution that the analyst talks about' to which you refer was that of June 2017. It was on the cards anyway, and obliquely refered to by the CFO as a 'slug of equity', so nobody could say they weren't warned. Sure, a few months earlier there was an unexpected 'warrents issue' to cover a cash-crisis which nobody had expected, and which caused controversy, but that was a different issue, and didn't represent 'dilution' at all at the time.
Well thats all great then PIs had their share value reduced but heyho ADUK says its fine .You do wax lyrical one sided BS
Basically the MCap and number of shares has grown massively over the last few years but the poor old PIs investment aint! This has been done via warrents fund raisers whatever to fund HUR and unless they borrow some dosh this will continue
i wonder Did the BOD shares get diluted ?or were they issued more . You never respond on the subject the high MCap HUR has.
One sided waffle.
tinfittings,
"Well thats all great then PIs had their share value reduced but heyho ADUK says its fine .You do wax lyrical one sided BS"
As I mentioned, the CFO said that a fundraise of some sort was going to happen, involving 'a slug of equity'. If I recall correctly it was in interview with Malcy, maybe three months before the event.
And that's what happened, raising a record-breakin sum for it's kind, financing Lancaster EPS.
" You never respond on the subject the high MCap HUR has."
Am I supposed to? What's wrong with the 'high' Mcap?, at present being eroded by shorters and so on? You work for the Kremlin or something?