Member Info for Cocopops

For what its worth I don't go with the notion that there are people that want to see Hurricane fail for face-saving reasons on these boards spouting off. Not enough of a motivation. I think it is people driven purely by pure greed and corruption.

With regards Extinction Rebellion...I don't think there are many that would know enough about the Oil and Gas industry (as most in the industry are/were in it because they don't believe the supply is the issue!) and I think they will focus their efforts on BP and Shell as those are the headline grabbers. So far my take on this has been true.

"The money the 'traders' make has to come from somewhere. And it's usually ourselves, the gullible little PI's."
Exactly. I remember listening to the Moneybox programme on Radio4 when they were discussing the miniscule percentage of PIs that actually made a profit. Can't remember the number exactly but it was scarily low - meaning that the vast majority make a loss.
Until recently, and when I was listening to that show last year, I was one one the lucky few that had done 'quite nicely thank you'. I've been stung a bit by the COVID drop, but slowly building back up.
Just please be aware folks of the sharks out there and don't believe all the scaremongering. Listen to those that you trust. And I don't just mean the ones that post 100% positive, everything is rosy stuff either.
Use the Filter!

I think there are people that don't want Hur to do well in the short term, but I think those people are generally shorters and MMs who have an interest in driving the share price down. They either cash in their shorts or buy in the dip then drive the price back up again.
Chat forums are a perfect opportunity for these people to systematically spread rumours, lies and uncertaintanty. To believe this does not happen is folly. It is however only one tool in their kit and will not necessarily 'drive' the price on its own, but in conjunction with manipulated press reports and buying and selling chunks to suppress or ramp the market I believe that they can indeed 'drive' the share. It doesn't need to be much, but in small-time AIM shares like this they can easily double or half the price in a short period of time. That equals big, big profits.
There are plenty other day-trading posters that post negative comments when they are out and positive when they are in. That's just part of the game of course and we all do it to an extent as we are defending our current position.
These people are different and frankly it is corrupt.
There are plenty good You Tube clips on MMs and how they drive the market.

The thing is, once you know how these folks work you can sometimes second guess what is happening when a share is heading consistently in a direction contrary to all the news and numbers. Problem is determining whether it is due to MMs & corrupt practices or simply insider info!
All IMO of course. :-)

I'm in at 7p on the dot.
This price is crazy. The drop in market cap is multiple times what a new well would cost. A new well that could be placed better with all the recent knowledge and may not need expensive ESPs, etc. Also, rig rates must be rock bottom for the foreseeable.
In the meantime we ramp back up to sustainable 15k bbl.
Aaaand we have all that cash in the bank. If we had big debt to tend to then it may be a different story.
Simply crazy and given the reserves and potential if this is not takeover territory then I don't know what is.

Canetois, daft comment but much respect for apologising.

Bloo,
You missed the pertinent bit...
"Assuming a $100m reduction in planned 2020 capex and..."

Bye bye TSD. What a numpty

Cebo, no need for that buddy.
Speculation? - yes, of course, that half the point of these BBs isn't it?! And there was plenty of other less probable speculation going on so I thought I would add my thoughts.
Weather? - pretty big, even for the time of year. Swell and wave size. And not just one storm but one after the other for a sustained period. I have seen anchor chains bust on newer FPSOs in less weather. Enough said.
You will also note that my point was that the AM had rode out the storms quite nicely, showing how resilient the AM is proving to be.
You then contradict yourself by saying that the AM has been producing steadily, but you don't know why the tanker was light. This was the reason for my 'speculation'.

I must admit that due to the huge storms rolling through I was also thinking that a damaged riser or couple of broken anchor chains was on the cards. The fact that we are still producing and offloading is a great relief and shows that the AM is a tough old bird.

All I know is that there was some very big...actually Massive...sea states rolling through in the weeks proceeding uplift. I remember thinking more than once that they would be doing well to keep producing through that, and that I wouldnt be surprised if offload was delayed a while. Weather was bad even for winter.

Once again this seems to be obviously manipulated. It has been pulled down and down to the 15p mark with a view to ramping back up before CMD, then as an unforeseen circumstance the entire oil & gas market has plunged 20% in 10 days. The MM's couldn't push this further down as the P/E ratio is already ridiculous, so they are stuck with it hovering at 14-15p. It's like an elastic band pulled down and ready to ping.
However, they will make their money on the way back up and they don't want to release it while in such a market dip. I'm sure they are hoping for a market bounce before CMD so they can let it fly.
The newbie day traders will then sell at 10-15% rise while the wise heads will hold for some serious rises.
After CMD I'm expecting 40-50p range will resume for a while.

Ah, but once the pendulum swings (which it may well before CMD) then things can get hyped and ramped by the same bunch of henchmen trawling this BB for the last few weeks. They'll become the cheerleaders soon enough.

Does anyone else get a warm fuzzy feeling from the hoards of derampers that are swarming the board now? Or is it just my perverse view on things?
Tells me that in conjunction with MM selling pressure there is a concerted effort to continue to drive the price down but they have hit a roadblock at 15-16p.

Prediction - as CMD nears there will be several lurches upwards towards 40p and beyond and then price will relax.
After that normal(ish) trading will return.

The warm fuzzy feeling comes from knowing that this is being held down. Its like an elastic band being dragged to the ground.

I'm usually very interested to hear what the chartists viewpoints are and this can sometimes feed into decision making - assuming you have some faith and trust in the relevant poster.
However, I have concluded that this share is being played so much that charts don't really come into it any longer. The price is being dragged up and down not by market sentiment, not by oil price, not by fundamentals or news or coronavirus, but by MMs. Pure and simple.
This will be the case until the price reverts to a believable trading range.
While the share is held down then top up on the drop and hold hold hold.

DBNO = filtered.
What a donkey.

I've made and lost a fair bit on shares in the past few years. I've found that I can pick the right shares, but in the past have been spooked by share slumps - most of which I now 'know' have been manipulated.
I have learned!
I have seen situations very similar to HUR before. You do all the homework and the fundamentals look sound. Share price looks cheap and on a slump you dip your toe. Price slumps again, average down. Again, average down. And maybe even a last lurch downwards.
You KNOW the price is too cheap. You hear comments about manipulation, but you don't quite believe it and think there's a bit of the conspiracy theory about it. You see constant doomsday rumours from new or rediscovered posters and something stops you buying more ...even though you have done the homework and KNOW the price is cheap.
In past years these shares would then rise and I would sell a bit just in case. Price rises again and I sell a bit more. Price eventually rises big time, as you were once sure it has to, but alas most of your holding is already gone.
To be honest with hindsight I've done ok. I have rightly trusted my instincts and averaged down - BUT I haven't followed it up and trusted to hold for the rise that I'm sure is coming.

HUR is in exactly the same trading pattern. The MMs shake the tree and mugs like us suddenly believe the share is only worth 20p or 25p or 30p, even though it was long term trading at 40-50p (which we now know from steady production figures is cheap!) and nothing much has changed.

For me this time things are different. I have indeed averaged down. 4 times in fact. I suspect 15p is the bottom, but to be honest it doesn't matter. I am maxed out and I am NOT SELLING until I meet my target. This is currently 80p (you may mock, but wait and see), but I reserve the right to change this based on events.

...hence there should be another huge drop tomorrow!

I remembering not long ago hovering over the 'Buy' button at 30p. Like all saying, nothing has changed, and barrels rolling in. I'm happy to wait for the bounce to 50p and it wouldn't surprise me if it is only a few months.

"If you have ever attended an AGM you will be aware that the company are keen to monetise the assets as soon as possible. However to do so and get a fair price is has to be shown that they have the capability of going it alone."

This is it in a nutshell. HUR absolutely will be taken over at some point in the next 2 years. If this well comes through then it is even more likely as more and more capital is required. As potential buyers will be getting production analysis data well ahead of the general market I wouldn't be surprised if it is within the next few months.
But there is some canny negotiation to be done to get the most from whichever big buyer comes along. They MUST push and push the line that they can go it alone. It's basic deal brokering.
The fact that as time goes on they DO actually seem competent enough to go it alone can only drive up the takeover price.

And to stay off-topic...
Although I am concerned on the impact it my have on my investments, I still have huge admiration for Greta Thunberg.
Whether you agree with her or not, she is one clear minded and determined girl and the usual initial assumption that she's been somehow pushed into this by her parents does not seem to be true.
The right wing hatchet job may just harden her resolve.

"More importantly, it has no place here. This is an investment bb, and ,no, the rule don't say you can go OT bcos its the weekend. And its not the weekend yet anyway,

So, please, stick to non political posts, preferably about investment, preferably about HUR."

Genghis,
You have just replied with an off-topic post, made a political point and then asked people not to make off-topic posts or political points.

Baffled.

Coco