Member Info for DifferentAngle

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For now, and higher in H2, GLA.

Wolf_Of_LSE, Again, certainly don’t blame you for being sceptical here based on recent performance history, however as you have also pointed out, HUR has a new Chief Executive Officer (CEO) of less than 6 months in place and by definition, he will now be running the show, let’s give him the benefit of the doubt here and at same time, await the potentially game changing HUR CPR with Brent now looking good at USD $61+ so far, DYOR, and GLA.

HUR assets alone are currently worth significantly more than a 14-16p valuation as absolute bare minimum here, and any takeover will have to be at least ~14p+ at this moment (and likely lot higher from H2 onwards) in order to have any chance of success, I strongly believe, DYOR.

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And while awaiting the CPR, DYOR.

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Trading volume today is extremely, investors don’t sell at this unrealistically low SP then we’ll have an afternoon rally here, time will tell but nevertheless, volume here is very low so far today:

https://www.marketbeat.com/stocks/LON/HUR/

Trading volume today is extremely low but if this picks up as it usually does late afternoon, and investors don’t sell at this unrealistically low SP then we’ll have an afternoon rally here, time will tell but nevertheless, volume here is very low so far today:

https://www.marketbeat.com/stocks/LON/HUR/

Agreed; extremely low volume trading so far today, should significantly pick up here later in the afternoon.

Upcoming CPR here on HUR’s potentially extremely prolific West of Shetland acreage should make very interesting reading, particularly since it comes on the back of last September’s mysterious brutal kitchen sink event! HUR CPR which is currently expected before end of this very quarter, should provide further proof that as also recently stated by Antony Maris, “A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio.”, and we know that Brent price today is ~$60 so far and rising.
GLA

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BP contract details on Hurricane placing document page 265:

https://www.hurricaneenergy.com/investors/placing-documentation

As such, BP’s payment to Hurricane is calculated by taking (i) the average of all the high and low quotations on Platts Crude Oil Marketwire for Dated Brent during the first five days of the Bill of Lading month (subject to BP’s election to adopt such average from a period at the end of a month); plus (ii) the differential to Dated Brent in BP’s on-sale price to third party offtakers FOB at the delivery point (or, if delivery terms are not FOB at the delivery point, then the differential is netted back to BP at a level that reasonably reflects a FOB delivery point differential to Dated Brent using the actual figures); less (iii) a marketing fee.

Hence, should be getting fast decent benefit here from the rapid rise in Brent prices, DYOR.

Interesting reading:

https://www.google.co.uk/amp/s/oilprice.com/Energy/Energy-General/How-High-Will-Oil-Prices-Go-This-Year.amp.html

“Your takeaway

There are more bullish forces at play than bearish in my estimation, and the push higher for crude should continue. The key points supporting that contention are the declines in storage that we have documented here, and the current roll-over in new production to below 11.0 mm BOEPD. If those continue, as we expect they will thanks to a recovery led by declines in new Covid infection rates, crude has no alternative to going higher as the year advances.”

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Weekly Crude Oil Inventories data also due very soon today which can additionally impact Brent price direction in near term.

Let’s not help Shorters here with their further closures, HUR is finally and clearly about to turn, and institutional Shorts understand the significance of this very well and are trying to cover positions ahead of any updates.

Agreed, unusually fast and calculated short reductions happening here in recent days, and same trend will likely continue in coming days, particularly while HUR SP remains highly suppressed.