Member Info for CaptainSwag

big bear - i suspect the next meaningful news will be december with the plan - unless there is a spirit update. Hur is producing as advised.

good news - no short increase or notification of the big holders disposing (touch wood). However the genuine concerns on the future must be considered.

big bear - i suspect the new ceo probably wanted all the bad news out in the open. not only is he starting with a clean slate but If hur fails then they can say they advised everyone in a timely fashion ...on the flip side any improvement in position and this should take off nicely..

as it seems is becoming usual with hur it seems we will be waiting for the next update..and it will be red or black again

Alexios - hate to say it but I did tell you yesterday ...lol

the thing is broker notes are not usually particularly accurate and often paid for by the company. This was why I disagreed with Alexios yesterday - If he thinks Edison paid by HUR are going to give a lower target than current SP . I suspect Edison will give a little more detail on options going forward etc.

i think December will be crunch time again when they advise forward plans. There is also the new CPR due next year.

There still could be twists and turns in the hurricane story - i think there is definitely trading potential whatever happens - just dont get caught holding the baby - because it could well be game over.

I wouldn't be surprised if the company starts to reinvent itself to keep going - more convential oil plays - as the board presumably want to keep their jobs

awk- i am guessing that was for me. was probably my bad paraphrasing.....i think it was the first presentation when one of the analysts was digging and asked about the downgrade....i cant remember her exact words but basically new data acquired gave a different picture

awk - bevely was very careful to say that the data changed and that a lot of previous work was carried out on the old data believed to be correct at the time etc etc...so i dont think any lawyers would ever be involved. besides he obviously took the hush money. it is interesting where it leaves him professionally speaking.

sounded good but the reality is that hur and trice parted ways - so there must have been quite something to make the founder go. i (mistakenly) posted many times that i thought it might be because they wanted to sell the company on and stood more chance if he was gone. after the downgrade that does not seem so likely

As for exploration - i just wonder if hur might not try to reinvent itself as a conventional oil explorer/producer? could they bid for other licences and try to fund other exploration or take over production from someone else ? they have got the am for awhile yet...

anyway just ramblings

lonestag - i noticed when beverly took over trice was written out of the hur history on the website. no mention of him at all but yet an interim ceo was listed on the timeline..lol

thought it was a bit harsh at the time. However i suppose given the new boards seemingly opinion of his knowledge/integrity its not such a surprise.

alexios - with all respect how many companies are valued at exactly what they should be? the sp is what people are willing to pay and that depends largely on sentiment. for example people will see $15-20m an offload and without further research will think a market cap of £60 m is an opportunity. some people will think there is no point selling at a loss might as well see what happens. the company have offered the usual jam tmrw Furthermore if the big boys want to exit the price will possibly supported to allow an orderly exit

if you look at the balance sheet hur values itself at $383m - which cl;early no one else is going to value them at currently.

i am not saying you are wrong with your valuation - i have no idea how to currently value hur - but i suspect neither does the market or retail.

tom...i intend to trade grabbing bits and pieces where i can...a buy at 2.9p and sell at 3.5p is money in the bank...i suspect could go to 4p but would need very good timing.

not advice - just my opinion for what it is worth..

alexios - i disagree as i dont think edison note will give any more bad news - it is all out now - however i do think they might "speculate" on on future plans - giving a bit more detail. the negative is that it will be another reminder to those who might be trying to argue a positive case going forward.

i think GWA has well and truly be priced in as a nogo. tbh i think it happened on the bad drill results. hur has been valued on lancaster alone for quite some time. the hit on friday was because people still had hope in lancaster which is now very questionable

that is the billion dollar question -my suspicion is manipulation by organised groups - that was fed with FOMO. i think also some people had felt most of the drop was priced in. The question was did someone know there was really bad news coming or just took advantage of the uncertainty. A short increased this week as well.

i said a week before that i would not be surprised to see a swing the opposite way first and then the true way . however i didnt expect it to be in the last hour.

jr - i could potentially see a bit of a clawback on the SP this week - i could see 3.5-4p and then prob dropping back back. i wouldnt argue with your 2.7-3,2p range but i suspect this will be for only about 2-3 months. Remember we will have news before xmas on future plans and i suspect this will be a driver pushing up again in the hope of good news.

however i suspect trice will dump his shares around december (?) when his 6 months are up - regardless of whether there is good news or not. so that has to be factored

the one to watch are the big holders - if they start dumping then it is not going to be pretty - if they stay in people may take that as a sign of faith.

As always it is not going to be boring ...i think there will be some great trading opportunities as long as you dont end up holding at the end .

i suppose another possibility is will hur try to reinvent itself as a more conventional oiler and bid for other licences etc?

ironhide - fair point. however it has constantly pumped oil out since june 2019. we were told it was performing better than expected , production going to increase, the water was assumed as perched, no reason for drop in sp etc etc - so it did look promising as an investment case

jr - actually i disagree that hur is still an explorer - which is why i am disappointed with friday and have a lot less hope long term for the company long term..

most of the assets seem to be gone or are not going to be pursued in my view. it looks like they are not even going to explore lancaster further - no well 8.

so they got two wells - one shut down. the other they are producing from and will probably do what they can afford to prolong - but that makes them a producer rather than explorer.
lets be honest fractured basement in this location failed...the question is did trice know? how long for? and did he just keep stringing everything a long as long as possible to get more data?

lets be honest no one will be accountable. the cpr has the disclaimer. everything is worded with the usual best of......its aim you take your chance and responsibility for your money.

as for sp - i think it will go up from here. there will be some good trading opportunities but it is not an investment stock anymore.

lets be calm - i am sore at that rns too. i trusted in the board as hur /trice did seem flaky but honourable. they were double quick to put down that rumur that pumped the sp up suddenly last november (?).

added to the continual arguing by trice that it was perched water.

then the edison note 2 days before another shocker of an RNS.

sham - the rise from 6p to 10p looked good at the time...the sickener was that just as it was looking positive we got the trice departure.....in hindsight that should have been the last signal to get out.

slift - i think the closest they came to talk about 2021 production was when asked if the necessary 10.000bod would be met. Beverly answered yes.
I suppose it might be difficult to give an answer because it will depend on water injection

check spam box - mine came instantly

brr - i felt the same. i am not sure they bulled everyone. the rns have been pretty clear with the brutual news

i think the issue was that trice was left alone with the chemistry set for too long -

alexios - i pondered on the possibility of a placement last week - crazy as it previously seemed...sounds like they will probably go that route depending on plans at end of year....no point at this price - prob hope for a recovery in SP