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H&L showing 2.8p to sell after close. Let’s see what tomorrow brings. But there was certainly a mini rally into close
wow nice, closed at 2.7p!
Buy signal when the board becomes full of them
Most of us realised HUR was a risky bet and many are well in the red.
How do the long term holders of BP shares feel right now? Even the ones that averaged down must be feeling worried?
Look at the SP for the last 10 months same old hopefuls day after day this is only going one way and that's south end of
I think if anyone looks in detail at the area in which HUR assets lie, it quickly becomes evident that it is extremely prolific, hence the recent M&A interest there. However, funding a comprehensive drilling campaign might be an issue at present but if POO rises a bit from present levels and in the meanwhile no one buys HUR, then at current depressed SP, upside potential will be massive here, in my opinion only.
Filter me after you provide the fundamentals.
Or just voices in your head :)
"something tells that pretty soon sellers here will very much regret offloading HUR at these giveaway levels."
The voice in your head?
$44 incoming - 43.39 +0.94 +2.21%
Something has spurred the price, its risen almost 3% in the last hour
I rather imagine that the £870,000 fine is peanuts compared to the profits made on the short positions taken.
Is there a case for PMO shareholders to sue?
Good news for the offload, could not have offloaded at a better time last few weeks
Wonder which holdings they have currently and how they got there?
Only £870k?
I thought that was a financial crime, Shouldn’t their profit On that pmo position be Classed as “proceeds of crime” and as such be taken away from them aswell as a fine?
Lets hope they are just selling it now ;-)
From the FT:
"A Hong Kong hedge fund that built up a large short position in the North Sea energy group Premier Oil has been fined more than £870,000 by the UK regulator for hundreds of disclosure failures over more than two years.Between February 2017 and July 2019, Asia Research and Capital Management — a $3.7bn hedge fund founded in 2011 by Alp Ercil — built a short position equivalent to 16.85 per cent of the issued share capital in Premier Oil. It amounted to the biggest short in UK history, according to Edison, the investment research group."
While I have not entirely given up on HUR small investors need to realise that they are getting played here by a combination of poor management, bad news and of course shorters.....
43.09 +0.64 +1.51%
Bouncing back from this mornings low
Yes my 155000 buy through as a sell.
I would ignore buys and sells, my buy came through as a sell this morning for 57,000 shares
COPL is valued at 10m and doesnt even produce a drop, and has a 5% share of a Nigerian oil field. This is crazily cheap.
Negative on HUR certainly, but very positive on TXP and am enjoying what is now close to a triple digit return percentage wise.
Ready for my scud on the arse .....1, 2 , 3, aaaahhhhh
Most of the serious discussions on this BB have been of a very technical nature and I'm sure a lot of us including myself have found it very interesting and appreciate the knowledge passed on.
We are now in a position where some of those people and others have re-assessed the risks and moved on to pastures new.
If we put the Water Cut, Bubble Point, and DHP, to one side and take a look at the situation from a corporate angle to reassess the present situation.
Recently C.A. almost doubled its stake in Hur and Kerogen resigned their director from the BOD. which rightly or wrongly give me the impression that a buyout, farm-in, or takeover, was in the offering and still might happen.
However, the BOD has since stated that talks with stakeholders are going well, what we don't know is what those talks are about.
MY guess would be that in the first instance they would be talking to Spirit to see if they are willing to go ahead with the Lincoln tie back bearing in mind that the Lincoln tie back is already partly financed and whether they would consider a stake in Lancaster bearing in mind that Lincoln is leaking into Lancaster.
They would then have to talk to the CBH about kicking the conversion date a couple of years down the road.
They would then have to talk to the Institutions about raising sufficient cash possibly through a placement to carry out the remedial work planned.
If a placement is the chosen method to raise the cash it would have to be at an attractive SP, which doesn't make sense as to why CA would double their stake at a higher price knowing that placement was coming.
Have CA made an error of judgement and are now responsible for the recent heavy selling, hoping to buy in at a cheaper rate if there is a placement.
Interesting times and I suppose it all depends on which way the mop flops, it will all come out in the wash in the not too distant future.
.
yea something desnt add up?
Hurricane Energy PLC 2.602 2.70 0.07 2.66% 2.55 2.64 2,304,817 2.52
That is just a function of the massive spread the MMs are quoting. The actual spread when I bought seemed to be 2.56-2.58. The quoted spread is naughty, and is deliberately obscuring whats going on.