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Still more institutional Short closures noted here today, as Polygon Global even further reduced their HUR Short position yesterday (6th back to back HUR Short position reduction by Polygon since 27 Jan of this year!), keep them coming, we all clearly know that HUR SP is currently way oversold/undervalued while awaiting imminent key company updates including CPR, DYOR.
https://shorttracker.co.uk/company/GB00B580MF54/
Interesting, CA holding firm here at 11.8% at 10.2p/Share (NAV), wonder if they plan to increase their HUR stake further to gain more leverage with rising PoO.
https://www.lse.co.uk/rns/CRS/monthly-net-asset-value-7rtuoj1w67tl7jv.html
And by how much have Brent prices moved up since that 18 December posted HUR RNS, I know you love the word “dilution” here and mention that RNS at every opportune moment but with rising PoO and resulting recent BOD non-actions for 2021, I now strongly believe that ship has sailed, that is my genuine opinion and reason why I remain invested in HUR for the long term.
I concur, CPR here is Key, and could be a very positive game changer for HUR going forward, now expected this very month as per company statement.
With Brent now amazingly at $70+ and still rising, an unexpectedly early offload/production update here along with the upcoming CPR all in March, likely will bring about the long overdue massive upward re-rate here as also predicted by some others, DYOR.
“just can’t see how post the strangely brutal kitchen sink of company assets conducted last September, HUR cannot come up with a “better than expected” CPR here, particularly, as HUR acreage lies in the predominantly prolific West of Shetland area”
IMOO, HUR is now in for a relatively significant resource upgrade later this month with the publication of this now long overdue company CPR, and fully agree that West of Shetland region is generally a very rich area; any “Kitchen Sinking” here (if/when indeed required) should only have occurred/been formally communicated post a very comprehensive, and truly independent CPR, DYOR.
Now with Brent at $69+ and still rising, HUR SP is undoubtedly and clearly the most undervalued and now strangely oversold share trading in the U.K. markets, please DYOR as this must surely be a 2021 Multibagger with also key updates here including CPR shortly ahead!
Spot on TC.
Good Posts, and clearly time to buy here while this crazy low valuation (and now with Brent at ~$68) is in place, also awaiting CPR in March, GL.
Brent price is now exploding and as this rate, it will be touching $70+ before the month end here, bring on the HUR CPR!
Potentially, we could see lots more big buys here during this month before expected company updates, particularly on CPR which will be key for HUR’s future, and now additionally, with CA starting to play an increasingly positive role here as an activist investor/catalyst, things may start to move lot faster in the right direction, fingers crossed.
Or, HUR now understand by that a better than expected CPR is on the way by this month end and therefore, prefer to stall things here till this game changing positive update is available, hence, the nonsense delay RNS of today! I now also think that markets are suspecting same and SP here will be back up to and beyond pre-RNS levels very soon.
Spot on FatSam & LD, CPR/HUR prospects are biggest part of the puzzle here as otherwise, today’s delay tactics RNS does not make any sense whatsoever, unless just to bring the SP even further down, and hence the reason why I’m topping up today, and before the CPR release due date by March end. In the meantime, markets are also slowly catching on as company cash flow continues to significantly increase overtime.
Game Changing Positive CPR Ahead? It would clearly explain the suspicious delays here.
Slift, you’re not even good at maths I see, Brent has gone from ~$33 to ~$65 in record time and now for 1 day has dropped just $1.5 and you are excited, now HUR CPR, that could be exciting!
@Elementary,
“Your time is a "lot more precious" yet you're here replying and stalkig me. Nice! :D”
You forget the minor but rather important fact that I am currently invested here, if I was not (as you claim not to be), I would certainly not spend/waste any of my time here, also, glad you are in positive territory with HMI as you claim, and wish you all the best there.
"Brent Now Up circa 1% Today"
Are you sure???
As Brent prices constantly change, need to check on that but as U.K. markets are now closed, can at least tell you that HMI is down 8.33% today while HUR up 0.82%, hope that is at least helpful since you’ve been pitching HMI on this bb. BTW, I don’t like anyone loosing money here and do hope you succeed in all investments in which you are long, I don’t do Shorts or troll any bb, my time is lot more precious.
@Slift, DA post was at 16:26 when Brent was up, and you are now posting 3 hours later at 19:27 and questioning the logic here, incase you didn’t know Brent prices constantly change but I guess you are really not a very smart troll, are you.
HUR is by far the most oversold O&G share trading in the U.K. markets today, this very much fear driven major undervaluation here which already has Armageddon priced in cannot last long, and will be the prime reason (along with rapidly rising oil prices) for HUR becoming a truly massive Multibagger this year and beyond, IMOO, DYOR.
“Oil Pushes Higher”
https://www.bloomberg.com/news/articles/2021-02-28/oil-resumes-climb-as-traders-look-ahead-to-pivotal-opec-meeting
LD, Radio silence here makes M&A a higher possibility or maybe even HUR is simply awaiting a hopefully better than expected CPR first which will be a massive game changer ahead, regardless, now with Brent at $66+ and as others have highlighted, no news here so far and likely rolling into March has to be very good news, DYOR.