Member Info for easyp

Up....down......up again! Certainly not a boring share to follow, hoping for more good news on the tax case.

https://oilprice.com/oil-price-charts
$44.80 a barrel.....how much oil can HUR recover a day for the next few years and how much in reserves are they sat on?
Answer those questions and we will have a much better idea of where the sp should be.

Now down -4.91%.....

What do board members believe that HUR will produce on average per day between now and say the end of next month?
How many bopd? Even at a reduced average of 10-12,000 bopd I see this company as cheap when trading at 6p a share.

Am I wrong? Maybe, more bad news might be coming but I still see this as a worthwhile/risky punt, my average now 6.44p

I attempted to average down but HL not very helpful with prices eventually bought two lots and got my total stash of shares to average 6.6p..... Not great as i now need a 25% rise to break even but better than many here .......holding for a SPQR based on news approaching in September.

It could just be that Uranium had a good day on the US markets and their miners are also up in price a tad?
Btw anyone in doubt as to how rotten Spain really is should look to where/why the ex King has gone?
https://www.bbc.co.uk/news/world-europe-53642283
"But he would be available if prosecutors needed to interview him...."

https://www.lse.co.uk/rns/REDX/out-licensing-agreement-with-astrazeneca-k33h4iu7i1awe5v.html

Something like this would be handy! If the Phase 3 trial is well designed and the drug works as hoped then we might one day be looking at more than a mere spike!

Annnnd its gone....sp now 0% rise/fall.

Is 13p ish the place to start adding again and then sell when it spikes over 15p?
Rinse, wash and repeat.....

No trades listed this morning 6 minutes in but the sp up up 5.88%.
Assume this is a trading hangover from yesterday or the market makers balancing the books?

I bought back in today in expectation of a dividend from the tax case and also because I believe Oil exploration, production and refining is by no means dead. Any evidence for this when peak oil and so many say EVs will eliminate demand for fuel? Yep, according the FT Marathon has just sold off its US fuel stations to the Japanese for $21 bn. No small amount of money which suggests that 7/11 believe US consumers will continue to need fuel for some time yet.

"Marathon Petroleum has agreed to sell its Speedway petrol stations business to Seven & i Holdings in a $21bn all-cash deal, five months after the Japanese owner of the 7-Eleven convenience store chain halted talks in the midst of the coronavirus crisis. 
Having earlier failed to agree on pricing, the Japanese retail giant decided to forge ahead with its largest ever acquisition, to cement its top position in the US convenience store market and capture growth outside a shrinking home market."

"Up, Down flying around, those magnificent men (and women) in the Biodyn Machine...."
It would be reassuring to see some news, perhaps a trading update and some steady upwards sp progress?

Given the number of RNS today would I be correct in assuming that AIM is also concerned about the spread and share price volatility?
What I want is a clear statement from the management as to who owns/controls this company, how much cash they have left and what they intend to do operational over the next 18 months? If we get some answers and a reasonable spread then yes I might take a punt.

I agree with Darth, Lloyds are by no means in the clear as yet but that said I did buy a few thousand shares this morning at 26p ish for our children's pension pots because I thought it a good entry point and they can wait for better times.

Sold my stake a while back but tempted to reinvest as I am wondering what effect some big shale companies in the US going bust will have on natural gas supplies and prices this winter? Also quite interested in the fact this has not tanked despite selling.

A bad day on the markets with the FTSE -2.8%, the Dow -1.8%. TLW -10% today while HUR just -3.7%.

HUR is under valued and once the markets have calmed down both oil majors and investors will want to own this company.

Contrast Tullow, loaded with debt and has to pay back a $1bn in the next 3 years with HUR which is not. TLW is producing 77,000 bopd and the share price is 27p while HUR is on 17,000 bopd and is priced at 6p! My money is on HUR and I strongly believe that the sp here is going to double in the next few weeks.

(Alliance News) - Tullow Oil PLC on Wednesday said it expects revenue to drop in the first half of 2020 and added it will take an impairment of up to USD1.7 billion amid a slump in oil prices.

The oil & gas exploration company said its working interest production for the first half of 2020 end June averaged 77,700 barrels of oil a day, meeting the company's expectations. In the first half of 2019, oil production was around 86,300 barrels per day.

At today's depressed price I think you are right, while not rock bottom compared to March this does seem cheap or at least out of favour with the market. My money tied up in other punts but I have been a long term watcher of Elementis and have been impressed by the expansion of the business.

But, but, Nolo I was planning on that mansion.....Tim promised, well spouted about it.
My wife is going to be very, very annoyed if I do not deliver on the mansion.....

https://www.lse.co.uk/rns/HUR/lancaster-eps-update-9teclyrw7fyfpyg.html
17,000 bopd as announced only two days ago.....good financials, just a matter of patience before the sp heads north again.