Member Info for 1nvest

Johny spot on. Seen some shocking reports recently. One of the shares I'm invested in talked about a recovery share as its dropped 89%. Nothing written about a 90% drop in reserves

Not sure on any increase in production as believe they are producing as much as they can in view of bonds being payable in 2022 and potential refinancing. Would love to be proven wrong as will be another reason for share price to increase substantially. Especially if they can get other well producing but looks highly unlikely in view of previous updates but here's to dreams coming true!

Hopefully yes tomorrow will see another increase but there could be a dip as some take profits. I'm invested medium to long term depending on how price increases. This will increase over the next few months with dips along the way.

It's so tempting to buy some more in view of potential returns but would only be prepared to buy another 5% in view of overall portfolio. Already a bit biased towards Hurricane but potential returns worth it. There is potential of losing the lot so only investing what I can afford to lose. The new BoD have to prove themselves as nothing to date (RNS) has led to any increase in share price since taken over. Hoping they are working hard in the background looking at future growth of the company. Compared to most I only have a small holding but its worth a lot to me. Good luck everyone with news on progress and update on current production

https://www.asktraders.com/analysis/petrofac-shares-surged-7-53-today-at-a-key-support-level/

I agree an end to SFO investigation would be great and could see share price recover significantly. I'm still expecting a fine of sorts but let's see

I agree with Eatstocks if they get a bit of fair wind and win a few more big contracts off the back of Brexit and general reinvestment. If no wins I can still see getting back to £1.20ish. I actually think there will be more contracts available longer term as councils feel pinch of Covid by 2022 so see an even higher price as they outsource.

Looks like Petrofac may drop out of 250 which could lead to a fall in price but I expect it will only be temporary as price recovers mid to longer term. Another RNS on rerate of price but once again still looking at price in excess of 250. Basically finger in the air rather than looking at fundamentals.

I know, no reality of what's changed and why the price drop. Will dupe in the naive but then they shouldn't be investing

Some publicity. May be some investing to look to make gains on a recovery stock based on the following article:

https://simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares/news/hurricane-energys-lonhur-shareholders-are-down-89-on-their-s

Correction in price as we were all expecting. There may be dips on the way as people take profit but expect there is a long way to go yet.

Hurricane well placed as producing and at a profit. Increase in POO helps with longer term debt. Will be more options in respect to reducing or renegotiated debt to a future date.

We should have an update on future plans which will lead to further good investment by IIs

Elementary I really hope your right. One thing about takeovers is that major stack holders will usually defend the status quo if they feel the bid does not provide value. Also gives a clearer picture on long term views. I expect major share holders have probably averaged down during this drop in price and therefore difficult to gage what the response will be.

Donscot feel your pain. I got badly burnt in 2008 when I got carried away. Hope the next few months see a good increase the share for LTHs as well as us relative newbies following a good RNS

Considering there is a significant amount of shortage shares for Petrofac this could work out very costly as at some stage they have to work out when to buy back and if not readily available then may push up price higher. I expect most shorters are on a profit but considering the share price increases they must be getting twitchy in respect to closing them. All bodes well from my point of view

With energy companies having big increases in share prices this could lead to significant further investment in infrastructure leading to further contract wins.

I think we need to wait for an update before speculating. We've had an update on the reserves but if your privy to more info let's here it so we can top up :)

I need to write more messages as Rocket has been set!

Yeap this share has real potential but its been a frustrating month whist other energy shares I had considered have doubled or tripled in price. I got a real kick in the stomach in September's update but still believe this share will come good. In comparison to all other energy shares Hurricane is really well placed from a price prospective as well as potential. We just need the BoD now to deliver with a forward positive plan. Good luck everyone, fingers crossed its our turn for rocket increase in the price

Well there should be more opportunities post Covid so will see £2 in the future

Current position with increasing POO looking very promising. Need the BoD now to add that little magic with a good RNS showing plans for the future with small increase in water cut showing current good for production for some time whilst POO increases.

Bit of a shake at the end of last week and expect a few more but the general trend is upwards. Good to see. Should see some of the shorters reducing their exposure in view of increase in share price