focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Is in.
Trying not to judge the book by the cover, although at first glance looks like something a 12 year old would put together
No harm with some dutch courage. Please no shoe throwing at AM
All good and well until the comms team create a rule to redirect these mails into junk. Maybe a change of subject for variety?
Sent 11:44 am. Thanks to all who participated in collating the questions and big thanks to senseman
gla
If broker is Halifax then the only way (probably) is by phone
I'm in the same pickle too with Halifax, all they gave me was this 10 character PRN
Someone keeps adding and removing posts. Kindly, please ****ing stop.
How to vote?
No news, good news? All information available to us in baked into the share price.
Surely pre AGM silence signals significant news? Stay tuned its only 2 weeks away.
Charlie boy reads his emails after all
Whilst browsing the HE website I've come across this page. There are 4 analysts responsible for covering Hurricane Energy:
- Daniel Slater from Arden Partners
- Charlie Sharp from Canaccord Genuity
- Nathan Piper from Investec
- Chris Wheaton from Stifel
After some research I can see that half of them haven't reported anything for a long time, Canaccord Genuity has an outdated view of what's going on even going so far so give a 'hold' rating. Am I the only one here that thinks there should be a rerate of the stock?
The Goodies
-China easing covid restrictions
-EU oil embargo to come into force EOY 2022
-Windfall tax to force new well development
-"Post pandemic" oil demand going up airlines, ships, etc.
-$200MM free cash EOY from single well
-Debt free in July, maybe sooner due to high brent prices
-License for 35 million barrels of oil
-US to stop release of strategic oil reserves
-Increased tensions between China and Taiwan
The Baddies
-Dependant on a single well
-No future plan from upper managment
-Windfall tax to cut profits
-PI less likely to invest due to high inflation
-External analysts not reviewing HE properly
-Not enough interest from big boy investment
-No signs of CFO/CEO leaving
8p is a solid buy. DYOR
GLA
This may come as an unpopular opinion but given the situation, Anthony Maris has played his cards correctly. Now don't get me wrong, we need a direction for growth and Maris isn't the person to lead Hurricane Energy to new waters, so Antony is you're reading this, you've done a decent job, but you must go!
Shanghai Covid lockdown extended to entire city, PoO will take a downturn and along with it the SP
Upside:
- Last Friday's RNS
Downside:
- China covid lockdown
- US strategic oil reserve
- CNOOC North Sea exit
- Russo-Ukrainian war peace talk
Now, correct me if I'm wrong but that's plenty of bad news for PoO vs great news for HE. The timing of the RNS was awful but if it wasn't for the news I suspect we'd be somewhere around 8p or less territory.
Patience is a powerful virtue, I've got my hands firmly under my buttocks - No selling, just buying the dips.
On the other hand, the BoD cannot be patient, they need to get off the fence, choose a direction and create growth!
This is happening at a time when China is cosying up to Saudi Arabia. Coincidence? I think not. Pre-pandemic plan for a petrochemical plant in China is being resuscitated. With more volume going between the two countries, logistically this "moving out" makes sense for China.