Member Info for easyp

Feels more comatose right now.....still as a Kill Bill Part One and Two fan who knows what might awaken here?

The appointment is just froth imo. Realistically what can this guy do between now and the 11th Sept? Add some advice and engineering analysis to the situation which is great but he cannot alter the geology of the wells. It boils down to how technically difficult things are and whether there is a fix which can get us close to say 20,000 bopd by year end?

I am holding because my average is just 6.4p and believe that a significant amount of oil can still be extracted. That said I need a 25% bump in sp to be back at break even so this is still a risky punt. If they can get oil production up with technical reassurances about the reserves which can be extracted then this could return multiples on current sp.

Technically insolvent perhaps Mr Ferret with all that debt?

What does it say about our markets that many of us are trying to buy SOLG yet the sp is quoted above as being down .76%?

Tullow Oil PLC has a Debt to Total Capital ratio of 82.05%, a lower figure than the previous year's 152.43%

Premier Oil PLC has a Debt to Total Capital ratio of 71.95%, a lower figure than the previous year's 248.73%

Outofideas is right, while the Tullow sp makes it look like an attractive buy there are safer oil and gas places to invest.

Dave85 broadly agree, I also hold CCJ Cameco and Energy Fuels UUUU. I have also been in and out of Yellowcake YCA and note they have been buying back their own shares for some months. I am hopeful that the Uranium Market will spike on more reactors and fuel orders, geo political issues and pure speculation on the element from big players like CCJ.

BKY is a riskier punt as it is not yet in production but as the EUs only Uranium mine it might do very well once the permits are in place. At the mo BKY a speculative punt but once it has the permits and is producing ore then a long term buy and hold.

Maybe, but I sold a third of my holding yesterday on the 30% spike as I felt the price was way ahead of the news and now content to sit and wait before buying more. I would not be surprised to see the price deflate further until some firm news on the permits is announced.

No RNS, any view as to what is going on alwaysone?

Hi H2O2 what do you think the HUR sp should be sitting at right now?

One answer is to say whatever the market thinks hence 5p but the price strongly influenced by shorting so where will it be by year end? Up, Down or about the same? My personal punt is on more like double where we are today.

https://seekingalpha.com/article/4368470-oil-sector-ready-to-double-how-to-play

I am back on board with CNE because I believe the tax case will be settled shortly and that the market will bounce when majors realise they need more oil reserves and that the easiest way to get them is to buy small exploration companies like CNE. I also hold HUR which I believe is undervalued at 5p a share. Its a punt, DYOR etc.

HI MCB55 according to the FT Cairn Energy PLC has a Debt to Total Capital ratio of 16.27% while HUR is 30%....so CNE in a stronger position re debt but neither figure excessive by industry standards.
Both companies drawing oil from the North Sea and I remain of the view that 5p a share for HUR is too low.
For it to shift we need geological and engineering news on the state of the wells and production forecasts of more than 12,000 bopd and while 20,000 would be fantastic I suspect this unrealistic in the short term.

Brave was buying them back in mid March for pennies which I did as I concluded that the only way was up or bust. I have sold a few thousand since then to take some profits but am still in the red over all. As others say if the permits start to be granted then this mine is a great long term hold and 39p a reasonable entry point if not then its a bust. The latter seems unlikely given the shares traded in Madrid over the past month.

Notwithstanding the RNS still not sure who is running this company and what their agenda is?

I hold both companies and thought this might interest board members.
https://www.cairnenergy.com/investors/annual-report-2019/
In 2019 CNE averaged 23,000 bopd and their current sp around 140p lifted a bit by a tax case while HUR is today producing in excess of 10,000 bopd and the sp 5p. Apples and Pears or is HUR grossly undervalued?

Thanks Roth1 that is encouraging news.

Nothing to see here, move along, just a bit of insider trading, knowledge is power.......
Of course this will all be angrily denied by their Government when finally the permits start to fall into place.

TT apparently not! Personally disappointed that despite a couple of positive RNS over the past month the sp has gone nowhere. Perhaps the best one can hope for now is that a larger player will make a bid to take what business we have for pennies?

Oil did HUR produce yesterday? How much did they pump last week? How much recoverable oil is still down there? If like me you suspect that they are still pumping in excess of 10,000 bopd and that there are several years worth of recoverable oil under this field then the sp looks way under valued. There will come a point where the shorters realise this and retreat rather than get burned by a return to more reasonable prices. If the geological predictions were wrong and the wells hopelessly full of water then its a bust. Your call.....

I have a hypothesis with regards IMM....
When the daily number of posts almost equal the number of share trades listed by LSE then its day for contemplation and patience or should that be patients?

Not going to invest here just yet. Who owns and controls Aura? Still not sure and the volatility and spread nuts imo.