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There will be absolutely nothing to gain for HUR to have a placing at this lowball market cap, 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 POO....a placing is currently not required and unless global outlook worsens and for longer (which looking at supply/demand fundamentals

1- “The recovery in demand has continued cautiously, despite second waves, with a normalisation of demand considered likely in the event of a successful vaccine.”
2- “Prices have been supported in the current demand environment by OPEC+ discipline”
3- “The longer oil remains below USD50/bbl, the larger the supply impact from the US is likely to be, given rig counts at historic lows and a high decline rates.”
4- “Any reduction in US supply is likely to be exacerbated following years of underinvestment outside the US, as the US growth disincentivised investment elsewhere.”
5- “Oil-exposed equities are trading at levels roughly half of pre-COVID levels – we believe it is increasingly likely they will ultimately trade at levels above these levels for the above reasons.”

https://www.livewiremarkets.com/wires/oil-pricing-in-a-more-realistic-recovery

“Oil Climbs While U.S. Lawmakers Discuss a Potential Aid Package”
“Stimulus deal could pave way for recovery in oil demand”

https://www.bloomberg.com/news/articles/2020-10-19/oil-declines-on-stimulus-doubts-as-more-opec-supply-looms

Interest seems to slowly be building in HUR as investors realise the potential upside here at current valuations with IMO minimal downside again at these present levels. As stated by a fair few here, even a whiff of positives will propel the now much ailing HUR SP back to more reasonable levels in a very speedy manner I believe.

Bullish Oil price signals are now all over, regardless of who wins the US elections, and all boding very well for the much undervalued HUR SP going forward.

HUR Valuation/Market Capitalisation is now so extremely undervalued that it simply makes absolutely zero sense, hence any positive updates will by default bring about a long overdue and truly massive positive re-rate here, and soon IMOO, DYOR.

@1nvest, I also share your opinion on the optimism here going forward, however on the possible size or “significant premium” of any potential bid, it would be unwise of me to put a number on it without having access to the latest HUR data room which any potential bidder(s) will assess in addition to any possible “further commercial reserves in the fields that Hurricane has an interest in” to which you correctly refer and will be considered as part of any premium. Now if I was to put myself on the spot here to give you my very rough guesstimate, and IMOO, I do believe for any bid/bidder to be successful today, an offer for HUR may have to be at least psychologically in double figures but that’s just my personal opinion only in order to respond to your question, please certainly DYOR.

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 these levels if a bid is to become successful, please DYOR.

Not sure on the current valuation but certainly one of the most prolific gold miners around, should still see further rises here once a US stimulus package goes through likely before the November elections IMHO.

Nevertheless still interesting to note that based on their calculations/analysis FWIW, HUR “Fair Value” is currently 11p while TLW “Fair Value” is 10p at present.

https://www.bloomberg.com/news/articles/2020-10-14/oil-extends-gains-on-report-showing-sharp-drop-in-stockpiles

A definite buyer of HUR at these strangely low valuations, crazy to sell at current levels in my opinion only.

noosking, Good luck here, and sincerely hope that HUR SP does eventually get back to 15p+ and you do recoup the losses. IMO there are two factors here, one being the POO which has also been battered and personally, over the next few years, I see very tight supply demand fundamentals in place and therefore, much higher crude prices with minimal downside from these levels in medium to longer term, other factor is obviously HUR itself which has just been very brutally kitchen sinked but nevertheless, potential for positives wether relating to M&A possibilities, reserves potential, operations/production enhancements, forward plans by new management, and again POO .......all clearly exists and at current HUR SP levels, upside potential very much outweighs any downside risks and anyone selling at these levels will begin to very much regret a hasty decision very soon IMOO, DYOR.

Needless to say that it will depend a lot on O&G price outlook, which interestingly, Goldman believes will improve with a Biden victory by putting additional pressure on US production via increased costs and tighter regulation for Shale, good for RDS, North Sea, ME .......but not as good for BP who are more invested in Shale than European peers, IMHO, much higher crude prices are around the corner.

onthebeach3, For me, I’ve only been here a short time and simply Filter people who have agendas and bring Zero value to the debate, no need to engage. HUR assets are placed in an extremely prolific region and CA bet has all the odds in it’s favour, particularly at these much undervalued SP levels, and if no takeover here soon, I believe the forward plan will provide sufficient detail when it comes out, IMO.

If you have access to IHS Markit, I suggest you look at the area in more detail, it is extremely prolific and hence IMO reasons for Chrysaor takeover of PMO )even with PMO’s massive debt/short term liabilities), and also likely reason IMOO for Bernstein/CA significantly increasing their HUR stake, possibly a punt by CA but again IMOO, odds are in their favour and at current HUR SP levels a true bargain over time, just my opinion, DYOR.

Simply by checking the relating IHS maps/data, it quickly becomes evident that the area is extremely prolific which just means that M&A interest here will only grow further going forward and also that CA have likely been very savvy by significantly increasing their HUR stake at these very much undervalued levels.

New much improved/proactive HUR management now seems to have a firm grip on the operational, financial including cost management (where significant savings can be achieved), planning, stakeholder communication........etc. of the company, and with it’s cash in the bank (which contrary to what the doomsayers say is much better than most peers at present), massive tax credits to utilise or with current the O&G M&A uptick, particularly in the North Sea, be very attraction for utilisation by a potential bidder in the near future, and of course reserves possibilities, which were initially kitchen sinked but now seem to have sufficiently attracted savvy CA to significantly increase their HUR stake. HUR is clearly IMO worth much much more than today’s extremely unfair and possibly even manipulated share price (algorithmic or other), patience is key at the moment and rewards potentially massive, I’m now in for the medium to long term here and plan to utilise this time to top up here as much as possible.
GLA

I strongly believe this to be a great but longer term recovery play with truly significant upside potential with the right updates (even if minor), as we’re currently priced for Armageddon! So don’t giveaway your shares at these pittance levels unless you absolutely must IMOO.

RDS is influenced by both crude & gas prices, however, trend here is much more important than daily fluctuations, and happy to have added RDSB to my limited portfolio today for the longer term.