The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I'm glad he's not back in. Agree with Jimmy too much of a prima donna....better investment now...
Hhtps://www.bnamericas.com/en/news/oil-still-better-business-than-gas-in-trinidad-says-energy-minister
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Take this as you will given a BB rumour/.....
"After a few, socially distant, pints this lunchtime in a well known industry watering hole I hear from a local broker that Hurricane will be announcing a rig requirement, through an LOI, for a 'comprehensive drilling program Q2 2021' during this coming week. It is a Public Holiday here in Aberdeen tomorrow so details will probably not be out for a couple of days but they will be interesting. On the downside I am told that availability for capable rigs in the UK sector is already very tight for next year".
The bloke who owns TLS David Burton (also from the Telegraph) was Tweeting a week or two about how HUR was a write-off. I can't trust anybody these days as they seem to change their position faster than spreadbetters.
All I'm asking for is a fair bid...45p should do it...
Yes. CA are also mindful that if they hover shares it will make it more difficult for shorters to close. What a rotten but of luck
.....2 billion value with a couple of wells???. Doesnt seem credible to me.but GLA
Corpse . Tlw is a former FTSE co. Remind me what the T O of TXP is again.....?
Malcy?
Exuberance does indeed appear to be irrational here....
If Kerogen are selling out, myself and Richard B will launch a hostile and i will install the old Bull as the CEO. We'll sack anybody that mentions the word acquifer and do a reverse TO of Sprint.
Anybody know why Total threatening to pull out of Turkana? Sthng to do with the renewal? Maybe it's the duration of license renewal? Impression they are just playing hardball with the govt...?
Stu, where are you? Your posts stopped in August, and your take on the September 11 RNS and way forward would be appreciated!
Thanks again, I've watched half of the results presentation and was impressed by the new CEO. Right experience and confident. Will watch the other half soon.
ATB Slift!
Thanks Slift. Really appreciated..
everyone is snookered here...equity, CBs, etc. The only way forward IMOV is:
1. Renegotiate and postpone the CBs
2. Drill a new well - get it right 2nd time
3. Tie back a Lincoln well.
4. Purchase at least 20-30 m USD of the CBs on secondary market reducing the debt to manageable levels.
We just need POO to play ball and a few miracles like Sprint investing...
"as suggested by 1) Stu and 2) Richard B from CA and 3) Divecentre"
Yes, MGW wrote the Kerogen note. I wish he hadn't been so cozy and understanding with Dr T otherwise wouldn't have invested quite as much here...
Hurricane Energy
Hurricane announced yesterday that Alan Parsley, NED had resigned from the board of the company. Dr Parsley was Kerogen Capital’s shareholder director pursuant to the relationship deed signed in 2016. Mr Leonard Tao has also resigned as an alternate director to Dr Parsley.
As Kerogen Capital currently own c.16% of Hurricane stock the market was obviously somewhat concerned about this development but I think it is quite easy to interpolate the reason for the resignation.
On the 11th September 2020 the CEO designate of Hurricane, Antony Maris said this “We will be engaging with all our key stakeholders regarding our forward work programme and financing arrangements and updating the market on these efforts in due course.”
Now, with the company ‘engaging with all key stakeholders’, it would be inevitable that firstly Kerogen could be potentially a taker of any issue the company might have, especially as the debt conundrum is not that far away but that secondly they will be almost certain to be in a ‘closed period’ for much of that time and thus unable to deal in the shares.
This move by Kerogen in my view gives them the opportunity to keep open all their options and could participate in any ‘financing arrangements’ or should they wish to, sell all or part of their stake. Other thoughts turn to the fact that as a number of their investments are currently locked up, the chance to release this one by say an orchestrated sale of the company might just suit Kerogen…
let's be realistic, if HUR start buying CBs up via secondary, the CB price would recover somewhat...and they wouldn't buy them all only those from distressed sellers or those who want out...but they could for a modest sum make a dent in the debt which along with POO recovery would help equity a lot..IMOV