Member Info for Cocopops

Ignore the idiots. They will still be spouting the same crappola when the price is 30p...which, as it happens, is still what my limit sell is set to.
Don't let the idiots convince you that this is a 5p share. Do the maths. The truth will out.

"I'll add my prediction, all generally and on balance good news and a start of a slow but sustained re-rate.
View purely on the basis of human nature. It seems since Bev has been onboard there has been full radio silence or at the least a very close to the chest attitude, with no intro to the investor world from Bev. If they are now prepared to open the presentation to the floor for questions from what they know are long suffering PI's, then I think they would not do this if all they had was bad news, no one wants to be shot in public."

JAdam, this was exactly my take on it. If it was bad news they would be running for cover and saying as little as possible.
Positive signs.

"They obviously aren't going to give it all back, but this just shows how the share price today is reflecting the depressed mood about the geology porn (old HUR) and not the stellar financials (new HUR)."

Stu, I don't quite see why you would believe that the market is somehow getting it so wrong on this rather than the more obvious explanation (IMHO) that there is a form of manipulation at play. Most of the reactions of the share price in the last few months can be explained if you assume that there are MMs selling into each potential rise.

I'm not saying that the convertible bond issue is not also having an effect. I think it is, but this is one of the quickly reducing set of issues and concerns that the MMs are using to spook folks into selling.
I don't see this as a radical conspiracy theory. It is common sense and there is plenty evidence and testimony that these practices occur, especially on AIM.

This will rise and dip and rise and dip for a while as the MMs shake people out.
Don't be fooled. Its not hard to do a quick scribble valuation and see that HUR is well undervalued even just on current Lancaster wells alone, never mind the massive (colossal?) potential of all their assets.

Hats off to the smart traders that stayed out for a good while and waited on the news. I have taken all the risk for the last couple of months and now the fence sitters are able to get the shares for the same price I did. They know and I know that this will now rise big given time. Live and learn.
DYOR

Swazers, being a natural sceptic I do need a bit of convincing that you are not just another ramper.
If you are in trading then you are in it to make money and nothing else, particularly if it is your occupation. So this..."I created over 20 charts last night on this asset with the sole purpose of shedding some light into the world of technical analysis." ...seems very unlikely.
I am interested in charts and they do have a place so that is not my issue.
However, on other shares and other BBs I have seen plenty messiahs pop up out of nowhere, ramp ramp ramp and then disappear when things go pear-shaped. Many half empty pension pots can be left in their wake.

I'm not 'calling you out' as you may well be a genuine nice guy that plays with charts and likes to help people. But you are invested here so when you are 'helping people' by producing charts that show the upside you are also helping yourself.
As I say, I am a natural sceptic.

"I agree that I think this is a reasonable target until a news update. We were 9p ish before - we are now producing more but lost trice. that would have affected sentiment of some whilst others will be excited by the possibilities now open such as selling the company."

I think it will slowly sink in that this is not a one-man company. Yes, he had the vision and know-how to get it where it is today, but there will be a whole squad of sub-surface and reservoir engineers that have learned just as much as he has over the last couple of years - probably much more in fact as while Dr T was preparing speeches, reports, papers, giving interviews, chatting with the board, etc the engineers meanwhile were scrutinising the data, formulating plans and calculating value.
DrT is also hanging around for 6 months so any vision and in depth knowledge will no doubt be passed on to his successor(s). A successor that should have much more experience in running a successful company.
Onwards and upwards and DrT will soon become part of the company history.

Genghis,
As I type...
PMO - up 27%. ENQ - up 16%. TLW - up 28%. I could name more.
I'm not saying we are identical to these examples, but once the reins are off I believe we will follow similar tracking with the oil price.
Everything that you state about frac basement, unproven reservoir (don't agree with this though), interference,etc was all factored in on Friday.
I still contend that based on the movement above we would have been 20% (+/-5%) up on no news. So it is a sizeable hole we are in. Which, if you are buying is definitely a positive.

Going by other oilies we would be 20% up today...meaning we are >25% in the hole.
I have the share screen open to buy, but not sure whether to click yet. I think there might be a few sellers to flush through today before we move up.
It might sound like clutching at straws, but as Dr T becomes history, things settle down and we get some more technical news I think we will quickly regain all these losses.

manager,
agree with almost all of that. just the end bit about selling at 10p that I think would not be sensible. Said it before and will say it again...this is not a 10p share. It has just been held low for so long that people start to believe that.
For what it is worth, my limit sell is set at 35p just now, but that may change depending on news and oil price rebound. DYOR.

However, I will never ever call you an idiot or the like just for expressing your opinion, which is what has been happening a lot lately. Folks need to keep it civilised.

aduk,
I think there is mix.
Some honest folk that have been keeping an eye for a while and just jumped on the bandwagon when the share starts to move, then thinking 'why not put a cheeky wee ramp on the BB to help it along'.
And quite possibly a few others, whom under different guises will have been deramping and spreading their sinister conspiracies and lies since the point that they drove the price down to 15p - only to get caught out by the CV19!

mover,
Did you miss yesterday?
And the last few months for that matter.

"Some may be disappointed that the SP has stagnated this afternoon, but if so stop and think about it, the SP almost invariably slumps on Friday for HUR and many companies as traders and shareholders alike shed shares to lower risk or take profit and MM's shut the door on profit takers and arguably grab it for themselves.

I don't want to jinx it, but if it holds to the end of the session I believe this is a very bullish day just as good as yesterday - pointing to terrific buying pressure.

There will have been a number of potential buyers hoping for a retrace this afternoon sadly disappointed - they'll have to sweat on it over the weekend to panic buy on Monday."

I think you have that just about bang on.

"wouldnt want to be out of this over the weekend"

...Bingo!

"They're better-built, now!"
Probably, but my experience is last 5 years. And not so well built. In fact, multiple, expensive failures.
Again, possibly different ESPs and possibly a much different environment.
One issue is that these pumps would have been specified and sized before the well flowing conditions were 'known'.

Ok, granted I maybe don't know much about these particular ESPs. I've only been dipping in and out of the technical detail so I had not appreciated the use of these ESPs to balance production as opposed to simply boosting it.

I must admit that one of my early concerns with these wells was the potential need for ESPs as I've seen sub-surface ESPs craap out in no time at all on a few occasions. As you are no doubt well aware, that is one very expensive workover and I for one have been very happy that they have not been required. Maybe these are more robust though.

"MMs will be after your shares next. They will dip the sp and get you to grab some small gains.
The big gains are for the patient.

Do not forget 10p then onto 20p but just give it time.
You will not get that from a bank.
Patience pays.
The shorters will have their auto bots triggered with eyes on their screens.
This is as cheap as chips and they know it."

Yes, yes, yes! The late dip today is exactly this. They know that some people are looking for a quick buck, so they dip the price a wee bit and flush folk out. They do this VERY well. Then they bounce it back towards where it should be going. Expect a few dips as it rises, but don't be fooled.
This has been held down so long that even people holding start to think it's a 10p share. Do the maths. Compare with its peers - some with eye-watering debt. It is not a 10p share and it sat happily in the 40-50p range for long periods for good reason. Long term, not a lot has changed and the fractured basement model has been proven successfully IMHO. Lots of reasons for this to make some big moves up, but only if this is now the MMs gameplan.

I'm not sure what all the panic is about the ESPs.
The wells (both of them for a wee while) are flowing happily without them so let them flow. ESPs will often have a relatively short lifespan compared to the well. Also, they don't like being switched on and off and played about with. So...wait until later when everything is stable and they will give most benefit to the production.
No hurry. They are not going anywhere!

"They cannot hold it back/down at these levels for long, HUR will massively shoot up very soon"
Oh yes they can. They have proved that for some time. When they decide to let go depends completely on what their gameplan is though. Could be today, could be 6 months+.
The fact that they don't have the price swinging up and down like a tart's breeks suggests to me that it is possibly being positioned for a takeover. Possibly. After the event these things always look obvious with hindsight and the signs are there.
All IMO. DYOR.

Added a chunk more shares. Think that will be my last as getting a little overexposed yet again.

I am sure this is being manipulated yet again to hold it down, so I know I will have to be patient. Whether this is MMs or potential takeover who knows, but overreactions to bad news and underreactions to good news are a sure sign that the game is afoot.

With regards the debt/bonds I have no concerns. It is at a manageable level and is far enough away that it will not affect day to day decisions. Having worked for companies making bad decisions over and over as they are living hand to mouth to service their monstrous debt this is a refreshing change. Hur have enough free cash to make the right calls at the right time.

With regards a new well I don't see this as £30M down the swanny. They have gained so much info on the nature of the wells now that they can position a new well in an optimum location and with optimum kit in the well. May even work out to the positive! (yes, I will no doubt get accused of crazy ramping but it is true)
Also, 7z has not disappeared and is a great back up if well 6 craps out. The eggs are not in one basket as some underhand sharks are suggesting.

Think I'll switch off for a while.

Longwait, I think you are talking about all Creationists there. I.e. about one quarter of all Americans! (oh, and my mother in law)