Now with Brent at ~$74 and still rising, HUR SP is undoubtedly one of the most undervalued and currently strangely oversold shares trading in the U.K. markets, please DYOR as this must surely be a Multibagger in the making with potentially many key updates pending here ahead! GLA
With Brent at $73+ and potentially still rising, along with new proactive HUR BoD now firmly in place, HUR SP is undoubtedly and clearly by far the most undervalued and currently strangely oversold share trading in the U.K. markets, please DYOR as this must surely be a 2021 and beyond Multibagger opportunity in the making, all IMHOO.
RE: “Oil Set for Weekly Gain With Focus Turning to Stimulus And Storm”28 Aug 2021 06:03
“Upside potential in HUR today by far outweighs any downside risks; HUR with it’s new BoD firmly in place is now clearly way too oversold/undervalued and hence IMHO, a sitting multibagger here, so don’t giveaway your soon to be extremely valuable shares for almost free, particularly when trading volumes are this low where SP for small MCap companies can be easily manipulated”
“Once again worth noting that 10p+ is what Hannam and Partners had stated as absolute minimum here based on way less than $60 Brent with Ex-BoD in place, and still vey much stands but now with significant potential upsides here based on various scenarios; narrative here as known so far, has all been stated by the now Ex-HUR BoD, and were clearly all lies created to fit a deceitful, incredibly corrupt “giveaway scam” agenda of an incompetent ex-executive team, however, as the true HUR story now slowly starts to emerge here, I believe company market capitalisation will subsequently also rally north towards much more deserving levels into double figures”
I concur with both statements here and strongly believe that with new management now in place, HUR market capitalisation will rally up to much more deserving levels during this year, always DYOR.
All CA HUR share purchases since last September’s deliberate and brutal kitchen sinking of the company’s market capitalisation here (by the incompetent crooked Ex-BoD) were at over 3p, and lot lot higher for anything before that date, hence although obviously CA average is not ~18p today but I certainly believe it to be very much higher than 3p, DYOR.
RE: Bringing together teamwork & moving on19 Aug 2021 18:01
“Good list and fine points raised, HUR market cap today is somehow strangely close to Zero as if it’s vast WoS assets, licenses, extremely unique HUR IP, along with cash in bank, ongoing ops/logistics, tax credits …etc. are all worthless, don’t give away your shares for anything less than double figures here and filter the noise, GLA.”
I concur, and personally believe that the “extremely unique HUR IP” has so far been totally ignored and is certainly very much underestimated/undervalued in same way as rest of the listed items/assets.
“The thing is any bidder or fund as you suggest could not simply buy 25% of Hurricane on the open market at 2p a share without sending the SP back above 5p - demand would push it up as would any TR1's. they could I suppose do a deal with CA, but RB would certainly be looking for multiples of 2p per share.
Ashurst are already following the situation and have been since before the Court hearings. It wouldn't surprise me if Evercore, Dentons etc haven't already been asked for tactical or strategic advice regarding Hur by potential suitors, or possibly even our own BoD, who knows. I do think that a Consortium of Private Investors would be more likely than any established O&G company if any M&A action was on the cards. - Any entity with deep pockets that didn't have to answer to any PI's could take control, pay off Bond Holders, refinance a forward work-plan, appoint 2 primary contractors (Petrofac and ASCO!!!!!!) To run the show and then sit back for a few years and enjoy. ”
Good Post Cebo, and very much looking forward to the various initiatives/updates from the new HUR BoD.
RE: Expecting a Stream of Updates Here From the New HUR BoD17 Aug 2021 13:18
And to add to your stated list here FatSam, how about eventually a new and truly independent “CPR on West of Shetland Assets” of HUR, especially since the one conducted by the previous board was motivated by a personal agenda (and greed).
Outstanding Update/Progress from new BoD16 Aug 2021 07:31
Outlook and potential for progress here is now extremely bright, while HUR MCap today is unbelievably cheap!
“As previously announced, the Aoka Mizu underwent its scheduled annual maintenance shutdown during the month, with production resuming on 27 July 2021. Immediately prior to the shutdown in early July 2021, the P6 well was producing at 10,900 bopd with an associated water cut of 32%.
As of 14 August 2021, Lancaster was producing 11,500 bopd from the P6 well alone with an associated water cut of 29%. Production and water cut are expected to reach previous levels seen prior to the shutdown, and a further update will be given in the Company's next monthly production release.”
@Tux, Yes, filter is a bliss, and although I’ve only found it necessary once or twice here to use but this was certainly one case where the bb was being clogged with rubbish one sided nonsense posted multiple times daily by bobton and paymasters.
HUR has a very bright future, especially from these much undervalued levels, and as with any investment, patience is key, GLA.
RE: Bluewater Aoka Mizu extension LIKED by 9202 Aug 2021 14:54
Extremely low volume trading here again today and hence very very easy for MM or anyone to manipulate the SP on the day, good time to top up while awaiting for the newly appointed HUR BoD to finalise/announce their forward plans on which rallies are undoubtedly inevitable from these lowball valuations here, and certainly don’t get suckered into selling as HUR is today way way too oversold and undervalued. GLA