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LONGWAIT.....I THANK YOU very much for your reply to my post on the HUR board, and I value your comments greatly ...its a pity that positive posts from you are not to be heard on Hur board in future, but I fully appreciate why you've decided against it.....I currently hold shares in Hur , pmo & tlw myself , and I was surprised to see a reply on here, but nethertheles thank you for confirming what I was thinking . All the best to you in your future share dealing. cheers bfc1
Furthermore what value should this asset had ....... Lincoln Crestal has been much more successful, flowing good quality light oil at stable rates of up to 9,800 barrels per day.
This well has now been suspended and will be used as a future production well. The company hopes to link the well back to its existing floating production platform in 2020, adding about 20m barrels to its commercial reserves. In turn, this should boost cash generation and provide data for a larger-scale development of the GWA............IS THIS SHARE THE BARGAIN OF THE YEAR AT 6P ?
To what extent has things changed from the expectation in this article, and by how much should it realistically have effected the share price............ In September,2019, oil and gas explorer Hurricane Energy (LSE:HUR) announced its first revenue after recording an operating profit of $1.2m in its half-year results ended June 30 2019 . This was the result of producing first oil on schedule and on budget, which I think is an impressive feat for any oil company.
Operationally, Hurricane is exploring its Rona Ridge assets, west of Shetland. It’s split into the Greater Lancaster Area (GLA) and Greater Warwick area (GWA). GLA produced an average of 14,100 barrels of oil (bbl) per day between June and September and Hurricane has sold over 1.6m bbl to date. The group confirmed it will take at least six months of steady-state production before it can accurately evaluate the validity of its reservoir model.
It’s drilling three wells at GWA in partnership with Spirit Energy and confirmed the presence of light oil, but its ‘Warwick Deep’ well, was abandoned as it did not flow at commercial rates, producing a mixture of drilling brine, water, oil and gas.
As it’s still early days, the usual benchmarks such as price-to-earnings ratio, earnings per share and dividend yield are non-existent, but the Hurricane Energy share price is around 44p and the market cap is £875m. Brokers have put a target share price of 95p on it, for its undeveloped resource potential. It’s reassuring that this first phase has gone well and is exceeding expectations.
Would pmo be interested in taking over Hur at their current rock bottom share price?
At this low share price.....and if so who might be interested ?...and at what price?
At what price?
Must be one of the riskyist things you could ever consider doing.....at this current level it even looks too risky as a day trade....has got well ahead of its self.......compared to tullow and others . it's no longer a bargain . Just a reminder...£1.20 to 10p is what this share is capable of doing to your finances if you go long with it.
To avoid getting your FINGERS BURNT......the pmo SP has got well ahead of its self now imo as compared with tlw, bp, rds and all other oilies....Back in 2016 when a similar rise took place, after rising strongly to 52p there was a sudden retrace in the following week to 45p and in the next week a further drop to a low of 42p...before a reversal took place....oil was in a very similar recovery stage.......I hope that at no stage pmo has to issue an RNS advising the market that due to Corona Virus impact ,production for the full year will be down by xxxx amount barrel s of oil. We'll all be aware from tullow earlier in the year how the market then trashes the share price on disappointing news. In these volitile trading times there must be a strong argument not for holding large portfolios in these risky shares.....and just come in and out on the day as many are clearly opting to do.
Noticed recently that there's been some very large sells going through and again today.....does someone know that a fund raiser is coming and getting out to avoid a big dilution and retake a position cheaper.?
Countdown to BLAST OFF.
Ok thank you..... Well in respect to the proposed BP assets deal, I believe they are invaluable to pmo in renewing their refinancing and also to help with paying down their large debt at a faster rate... hopefully the deal will conclude without problems by the 30th September. And assuming Brent continues to rise between now and the end of the month I can we'll see 50p plus being reached......but as for next week after a 25% rise in one day and Wednesday new shares in circulation.....I'm not sure how it will play out. So many things can happen as you know in a week never mind 6 months ahead .....could be £1 at Christmas if everything goes to plan....but it could be anything ....even 15p for unforseen circumstances......and shorting good luck to you with your investment we all need it.
If you answer my question first ....then I'll answer yours
Simple question.... does admitting almost 10% more shares this Wednesday dilute your investment ....Yes or No ?
ÀRCM investment has been protected ... and we'll have our investment diluted by almost 10% when the New 82.2 million shares are admitted to trading on this coming Wednesday........then after end of September they can go back to shorting it all over again.
Usually the trend is they fall back Mon/Tues..and rise Wednesday afternoon and through Thursday.... With profit taking Friday morning.....But next Wednesday the 82.2 million new shares (which is almost 10% of total shares in issue) are admitted to the market.....So how do holders think this is going to play out next week?
Could be some more fun & games to come yet with ARCM....How sure can we be that they won't just simply dump the 82.2 Million 26.69p
shares they've been given on or after next Wednesday.....surely there will be 3- 4 p dilution to whatever the share price finishes at on Tuesday night......would it not suit their purpose to bring about a share price fall in order to close their shorts at a lower price?
There's ......82.2 MILLION NEW SHARES HITTING THE MARKET this coming Wednesday 10th June priced at 26.69p
Great rise today...... but almost an extra 10% of shares currently in issue are to be admitted to the market next Wednesday 10th June....What dilutive effect on the share price do holders think this will have during the coming week?