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There will be absolutely nothing to gain for HUR to have a placing at this extreme lowball market cap/valuation, no sound financial advisor will recommend such an action as it will be considered a joke, particularly in the O&G business! However IMO and considering HUR production, balance sheet, outlook for price of oil....(and not even considering present asset/licenses potential in today’s historically ultra low interest rate environment) a placing is currently not required and unless global outlook suddenly again worsens and for longer (which looking at supply/demand fundamentals seems unlikely for most commodities including Oil), hence, I just see stories around a potential placing here as simply stories or more likely scaremongering here, DYOR, and GLA.

The strange and brutal kitchen sink of HUR is now done and dusted, so recovery here can commence from these resulting extreme lows, long way north ahead IMOO.

Interesting read/article:

https://www.spglobal.com/platts/en/market-insights/latest-news/agriculture/120820-goldman-sachs-currie-predicts-long-lasting-bull-market-for-virtually-all-commodities

Sometime ahead, possibly during next year, HUR at these valuations will seem like it was the grand bargain of the century, time will decide.

Understandable, who would want to sell HUR at this crazy low price/MC post a brutal kitchen sinking, and with POO on the rise, new management in place with various updates now imminent, expect to see SP here in double figures very soon.

North Sea M&A gaining momentum:

“ Discussions on Spirit Energy underway with ‘number of parties’”:

https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2020-12-04/centrica-restarts-talks-to-sell-u-k-north-sea-energy-venture

HUR extreme undervaluation is slowly but finally getting noted by the markets, upward trend is only just about to commence and gain significant momentum in weeks/months ahead with likely improved company outlook and resulting updates, particularly as compared to the last kitchen sinking episode; HUR “Fair Value” should actually be higher than the 13p currently stated/calculated here by “Simply Wall Street”, IMOO.

Any HUR SP not in double figures here is lowball and a very undeserving market cap for HUR as a company moving forward, and a relating re-rate higher here is inevitable in coming days/weeks IMOO.

And very soon IMO!

No news here so far actually spells great news IMO; “Forward Plan Programme” seems to be diligently in progress while positive updates since the strange/brutal kitchen sink episode look forthcoming and highly likely this month, upside potential here now far outweighs any downside risks from these crazy low valuations, IMOO, DYOR.

High (and much increased) volumes here suggest commencement of a sustained overall upward trend and certainly IMO, rule out any P&D, now with numerous potentially positive HUR updates imminent (i.e. forward plans, production, reserves, JV/M&A, POO...) and all on the back of September’s brutal kitchen sink episode driving the SP to way too oversold levels, again IMO, significant upside potential here simply far outweighs any downside risks, so let the trend be your friend, and GLA.

HUR forward plan seems to be diligently in progress along with other likely positive upcoming updates here to help rapidly lift the currently ailing HUR SP from these very much suppressed levels.

Tomorrow should be a much better day for HUR where patience is key, today was simply some profit taking by traders post a few days of consecutive gains but when the anticipated RNS/Updates inevitably does drop here, then the long overdue re-rate rally will duly commence IMO.
GLA

Good Post, and worthy to again note that no news here is actually great news; as based on recent pickup in HUR activity, “Forward Plan Programme” seems to be diligently in progress, and positive updates since the brutal kitchen sink episode now look forthcoming in days/weeks at most, hence at this extremely nonsense lowball MC/Valuation here, it can only be a now well overdue massive upside rally here ahead for HUR investors from these way oversold levels at the moment, IMO, DYOR.

Interesting read/note on HUR:

“In the last twelve months, Hurricane Energy increased its revenue by 887%. That's a strong result which is better than most other loss making companies. So the hefty 89% share price crash makes us think the company has somehow offended market participants. Something weird is definitely impacting the stock price; we'd venture the company has destroyed value somehow. What is clear is that the market is not judging the company on its revenue growth right now. Of course, investors do over-react when they are stressed out, so the sell-off could be unjustifiably severe.”

https://www.google.co.uk/amp/s/simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares/news/hurricane-energys-lonhur-shareholders-are-down-89-on-their-s/amp

No news here is actually great news, IMO, “Forward Plan Programme” seems to be diligently in progress, and positive updates since the brutal kitchen sink episode now forthcoming overtime, good times ahead from these way oversold levels here IMO.

A very high volume here today in a tight spread, basically, massive buying, now is it a catch up trade with other FTSE oilers recent huge rallies while POO further continuing with it’s recent rises today, or Short covering, or a HUR leak, or simply oversold/much undervalued HUR finally getting noted, your guess is as good as mine but looking very good for the days/weeks/months ahead here IMO.

Good Post slipanchor, and valid point raised warren1907. IMOO there could be considerable M&A interest in HUR while it’s SP remains at these very much undervalued levels, however, question is not wether there is or will be interested parties for a takeover here but if yes, at what price/market capitalisation, as again IMOO, HUR bod/key shareholders would want and expect an unusually significant premium on present day levels if a bid is to eventually become successful, please DYOR.

Absolutely, very high volume here in a tight spread, massive buying in progress, now is it a catch up trade with other FTSE oilers recent huge rallies while POO still on the rise today, or Short covering, or a HUR leak, or simply oversold/much undervalued HUR finally getting noted, your guess is as good as mine but looking very good for the days/weeks/months ahead.

HUR SP hasn’t even yet caught up with it’s FTSE O&G peers, who’ve recently had a hell of a run here, while, HUR rally should gain massive momentum on upcoming forward plan updates, and then as for Shorts, well they need to close their positions very rapidly indeed.