Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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JiffyBag,
Interesting video. Thanks for the link.
AK,
' I am now convinced that there is a deliberate 'run' being taken at Hurricane Energy, from all quarters. Someone wants to 'bury' us.'
I agree, there are many interesting parrallels not just in O&G as illustrated by this excellent video albeit the mining sector on the war being waged in order to create an opportunity to buy us out on the cheap or completely remove HUR from the marketplace.
Yes we have had some failures no one can deny that, HUR need to have prove the concept beyond all recognition but UK regulatory /choclolate fireguards provide no defence against concerted short attacks and algo traders.
Some interesting attack concepts discussed in the video
https://www.youtube.com/watch?time_continue=93&v=qtXHrjxzHuc&feature=emb_logo
acrossthesea - that's very judgmental ....
Barbob, your reason to be here is as a full time deramper, move along from your sad existence.
Read the Annual report. I'm not typing out a lengthy reply for the convenience of those who can't be bothered to do so.
https://www.hurricaneenergy.com/investors
Genghis15 - Enlightenment wrt HUR ... Draw your own conclusions from that.
I am not the omnipotent one, so ask questions I don't know the answer too... If you know the answers to the questions I ask, why not give them, I thought the idea of a BB was to share information, rather than go all esoteric.
bartle
I assume you are invested in HUR, or you would, I presume, not be here.
If that is the case, not knowing the answers to the questions you ask about Dr Trice tells us more about the diligence of your investment approach than the answers do about the directors.
acrossthesea, do you know if the company performance is reflected in his salary / bonuses paid in shares and so on.... Thanks...
Robert Trice, 26,590,897, £1,802,863 share holding, again just sad deramping, The CEO has plenty flesh in the company.
I think the valuation is a bit crazy. If hurricane have access to a rig (pretty sure they do). I think they should go for the well intervention:
"Another consideration is the potential to re-enter the 205/21a-7Z well and isolate the heel, with the objective of accessing a more productive zone and reducing the interference impact with the 205/21a-6 well. Successful isolation would have the benefit of increasing productivity without requiring the drilling of a new well or of making a significant investment in new subsea infrastructure that a new well would require. "
Agree 100% with your 08:47 post sentiments, Bartlebobton. (5min lookup would reveal Dr T's shareholding stake in the co'y, but from memory I don't think it is significant). The remainder of the bod are trivial holders. The agm would do well to refuse the recommendendations of the bod remuneration pack, paying them solely in shares, imo. Might 'focus the mind' a bit.
gla
Pecten11 I'm dsxsyxlic... so my writing varies somewhat.... In future I'll try to take account of your sensibilities.....maybe
Bartle as your 8:47 was more than two lines, shall we all assume someone else wrote it for you......
Don't bother answering, - I can make my own mind up, without your pointless interjections
Investors / Shareholders rely on CEOs to adopt rules and works within guidelines for an organization to reach its long-term goals that maximize the value of their shares. Can we say our CEO has done that ? Over the years Dr T has used the term "shareholder value" or "value for shareholders" - I can't remember how he worded it.
Is our CEOs a substantial owners of company shares ? (I don't know the answer).
Is Dr T's salary, bonus, rewarded in stocks ? Is his pay structured in such a the rewards are high for good performance and low if the performance is poor ? Essentially corporate performance, affects CEO compensation, that rule also applies to Directors and Managers, this presents a direct and powerful “feedback effect” from changes in market value and we've seen plenty of that.
If Dr T has a very large % of company stock, this would create a greater link between the ordinary shareholders, you and me, to the wealth of the CEO, I don't think that can be underestimated and would be quite tangible.
So, share ownership by Dr T would present £ value of all his shares as a % of his salary. I don't know if this happens .
Do we actually know what % of shares Dr T owns ? I don't believe it is unreasonable to expect a CEO to hold a significant stock in a company, the larger the % the greater the link with the ordinary punter. I don't think I'd be too proud sitting over a company whose sp has dropped around 88pc over the past 12 months, sure, of late, there have been external, unexpected events, but before the big drop in oil , CV and so on... the sp was in decline.
Longwait,
"At any rate, I think someone - whether a conspirator or not - is going to make a move eventually."
I don't like 'conspiracy theories' generally. Though love reading them !
There is something dreadfully and stupidly WRONG with HUR's share price being down below ten pence right now. In fact, there's something stupidly wrong for it to be below about 40p.
There has to be a reason for this, nevertheless.
It probably involves skullduggery of some sort.
But when you've got nothing to lose, why not keep on the trail?
I received (out of the blue) a PM from someone, who I've never met, describing me as a 'nasty weasally little man'. Strangely, just before the SP cratered.
Well I prefer being a nasty little weasle than a fat stoat.
Thanks, Across and Double.
The great thing about such a concerted campaign is that the more people are convinced that there is something fundamentally wrong with the company, the more the share price falls, and the lower the share price falls, the more convinced people become that there must be something wrong.
If the purpose of the exercise is merely to bury the company, then the conspirators will not be buying however low the price goes.
If, on the other hand, the purpose of the exercise is to buy at bargain prices, then indeed someone is going to expose himself, so to speak.
At any rate, I think someone - whether a conspirator or not - is going to make a move eventually.
Hello adoubleuk, i am glad you gave the right answer to Worzel. Extremely rare on this BB are the people who can distinguish between value and share price development. I mentioned it yesterday : this BB is FULL of punters. Way too many rampers and derampers. Thank you for the many valuable contributions. Without any exageration : your contributions are one of the few reasons i keep coming back to have a look at this BB.
Worzel,
"Looks like Trice has led everyone a merry dance from 60p to 6p, the music hasn't quite stopped but can't be far off now."
Yours is typical of those stupid posts which assumes that the role of a company CEO is to inflate the share price.
Though that's what a lot of CEO's of AIM - listed co;panies do, lining their own pockets while the sharehioders go broke.
Oddly, though I may be 'confirmation-biased', I don't believe HUR fits into that category, nor myself, by 'holding' for now.
I am now convinced that there is a deliberate 'run' being taken at Hurricane Energy, from all quarters. Someone wants to 'bury' us.
Hi Longwait, there has been a concerted effort to deramp Hurricane since production started, you can see it in these chat sites, and across the the oil press. This type of pressure was put on Ithaca Energy a few years ago take the price down to 17P before the company was taken over with a low ball offer of just over £1. Hurricane has the assets, it is making money, the prize is massive. The opportunity to get this prize on the cheap will motivate, it will be interesting to see who is picking up shares. This has been in a range since the reduced production. If you honestly do not believe in the Hurricane story move on. It is sad to see the energy put into damaging the excellent ground break work of this company.
'we’ll be sitting on these high averages for 5 years.'
Not sure what you mean.
Anyone can buy more and average down.
If you mean that the price won't recover for five years, then IMO you really have no right to say that, because you don't know how long it will take.
Harold Wilson said a week is a long time in politics.
On AIM it can be more than a long time.
'one piece of damaging news after the other'
When the company was producing 13,500 bopd, the SP was in the dumps.
When it increased production to 20,000 bopd, the share price went down.
When it reported a problem with interference, the share price collapsed again.
What do you expect to happen to it if the one well being used produces 13,500 bopd and the other well is later brought back into production, restoring production to 20,000 bopd?
Do you expect it to take five years for the share price to recover to the 12p that it was when it was still producing 20 kbopd?
Looks like Trice has led everyone a merry dance from 60p to 6p, the music hasn't quite stopped but can't be far off now.
Absolute shambles
Company dead in the water? As matey said earlier - it wasn’t such a long time ago we had sight of double digits. Let’s not all delude ourselves - one piece of damaging news after the other. That news demonstrates the **** ups the company has made.
Is there hope? Yes but to return to the good old days we’ll be sitting on these high averages for 5 years.