Member Info for DifferentAngle

“Shale is not fashionable darling.... “ Exactly, you hit the nail on the head there, and that’s exactly why Goldman says Oil prices under Biden Presidency will significantly rise, there is still no viable alternative to O&G and will be some time till sufficient green alternatives have been found, difficult to say exactly when “Peak Oil” is but not before 2050 in the opinion of many experts.

Good to note continuation of work in progress here, HUR new team seem to be increasingly proactive and working very hard on putting together a viable “Forward Work Programme” as stated in the latest company Operational Update which once confirmed/announced, will likely have a huge positive/upward effects on the companies now much undervalued market capitalisation.

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Interesting read:

https://www.hedgeweek.com/2020/10/23/291298/us-election-biden-win-may-counter-intuitively-boost-oil-markets-says-energy-hedge

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https://www.bloomberg.com/amp/news/articles/2020-11-03/opec-chief-says-group-s-next-decision-will-speed-up-oil-rebound

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Simply because HUR SP is currently trading very very much under “Fair Value” with present Market Cap making absolutely no sense, and finally the market is beginning to catch on to this fact, IMHO.

“ Global oil inventories are falling, says Vitol Group’s Muller”:

https://www.bloomberg.com/news/articles/2020-11-01/top-trader-vitol-says-europe-lockdowns-mere-speed-bump-for-oil?srnd=premium-europe

Since the brutal Kitchen Sinking in September, HUR SP has been way too oversold and hence, major rally here is now well overdue and has only been delayed due to the very turbulent nature of global markets at present, however now IMHO, massive catch up time is imminently close.

Interesting read:

https://news.google.com/articles/CAIiEFWZwQt8tsEHsJvLDDPDZzUqFggEKg0IACoGCAowkqEGMJBZMOniuwY?hl=en-US&gl=US&ceid=US%3Aen

Completely agree, post US elections once global markets settle, and once details of HUR "Forward Work Programme" finally emerge, a huge positive re-rate here is on the cards, HUR SP is trading far too much under fair value, and present market cap is absolutely no representation of company prospects, potential, or value based on balance sheet, assets/licenses...additionally, POO also IMO, can only go north from these levels once the COVID-19 situation improves which it must overtime.
GLA

Absolutely, I also suspect that tide here will significantly improve and subsequently gain momentum sooner than some may currently anticipate.

Thanks slipanchor as always. Activity here seems to be significantly picking up, all feels very positive, and looks like “Forward Work Programme” could already be in full motion, now eagerly awaiting updates from the new seemingly much more proactive HUR team.
GLA

Thanks slipanchor.

“Oil steady as Putin signals extension of output cuts”:

https://www.google.co.uk/amp/s/www.businesslive.co.za/amp/bd/markets/2020-10-23-oil-steady-as-putin-signals-extension-of-output-cuts/

Agreed, and now eagerly awaiting the “Forward Work Programme” update ASAP.

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HUR “Forward Work Programme” will be a game changer here for the SP once announced as current valuation only considers the half empty glass and absolutely nothing more IMO.

Nicely put and summarised, thanks.