Member Info for dandelion1

RBC Capital Markets current rating on HUR is "Outperform" with a PT of 25p:

https://investing.thisismoney.co.uk/broker-views/index/date/26-05-2020

With AGM coming up next Friday, and crude prices now averaging significantly higher while GKP SP currently still trading well below fair value (IMHO), hence, I believe and certainly hope that we'll take a decent leg higher from these depressed levels by AGM time, and thereafter.

Fact is that clearly far too much pessimism is already priced in HUR. Now only a whiff of good news here and the SP will easily rise into high teens, it cannot remain at these much depressed levels for long IMO. If I was a Short, I would hire a Ferrari and run away ASAP.

Potential upside here is no longer easy to ignore with GKP SP currently still trading extremely under fair value IMO.

Here, here. Nicely summarised, and to the point.

IMO Trice held back the HUR SP, and now with him out there will be no barriers to significant upward moves here as it's simply very undervalued. .

Fully agree, and have been utilising same, Hurricane is now clearly way oversold.
GLA

"OPEC+ Agrees to Extend Output Cuts as Cheats Offer Penance":

https://www.bloomberg.com/news/articles/2020-06-06/opec-agrees-to-extend-output-cuts-as-quota-cheats-offer-penance?srnd=premium-europe

"OPEC+ Agrees to Extend Output Cuts as Cheats Offer Penance":

https://www.bloomberg.com/news/articles/2020-06-06/opec-agrees-to-extend-output-cuts-as-quota-cheats-offer-penance?srnd=premium-europe

Long long way to go in order to reach anything close to fair market value here IMHO, HUR was way too undervalued even prior to the recent jumps in Brent & WTI, I can now only see truly massive catch up rises from here going forward.
GLA

Interesting Business Insider article: "Oil CEO says crude prices could surge 90% to $70 by fall because US firms have 'over-cut production'":
https://www.businessinsider.com/crude-oil-price-up-70-dollars-wti-overcut-production-opec-2020-6?r=US&IR=T

Enormous upside potential here can no longer be ignored.

Apologies, please see here below FYI, as missed the stated link in my here comments:

https://shorttracker.co.uk/company/GB00B580MF54/

@JAdam, Shorts have only upped by 0.03% yesterday, and the stated 2.02% represents the total declared percentage of HUR shorts (ShortTracker link included here FYI) which IMHO is a very small %number considering the downward slope on which HUR SP has been in recent weeks, and probably highlights that we may now be at the bottom here. And additionally, I guess the shorts may not have banked on Brent moving up so fast in such a short period of time which again IMHO is a trend that will continue along with the rapid rise in the HUR SP going forward.

Agreed! Slowly building momentum, and as HUR SP is now soooooo undervalued in every aspect, it can only go in one direction from here and at some point soon as nicely put by Rasoolb will pop big time just like champagne and skyrocket!
GLA

Good/informative read and with a nice to see HUR 45p PT, thanks Genghis15.

You may get your wish here a lot sooner than most currently expect, a decent SP upward move/correction is now overdue.

And Brent (and WTI) are now moving up very fast.

Every $ by which Brent moves up adds enormous potential value to GKP which currently has a much undervalued SP, and so a big upward move here maybe imminent and big going forward.

HUR hasn't even started catching up with the Oil price, simply way too undervalued here, SP will correct eventually, and I believe the subsequent upward moves will be massive.