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https://www.bloomberg.com/news/articles/2021-02-24/whispers-of-100-oil-return-as-crude-shakes-off-covid-s-clasp

“ROYAL Dutch Shell chief executive Ben van Beurden has hammered home his view that the oil and gas giant has lots of ‘running room’ in the North Sea, with its activity likely to focus on the West of Shetland area.”

“Mr van Beurden underlined the fact the North Sea is one of the nine core regions that Shell will focus oil and gas investment on.”

“Eighty per cent of our capital and 80% of our exploration effort will be in these nine core areas,” he said.

https://www.heraldscotland.com/business_hq/19084342.oil-giant-plans-north-sea-developments-targeting-net-zero/

Spot on GHD!

Spot on TC, and with Brent rapidly moving to ~$67 so far today, currently very much suppressed HUR SP now has to play some major catch-up here pretty soon, GLA.

Good Post DireE, also, agree on the present being a closed period which prevents HUR BOD from buying any additional shares here, this should change post CPR and company forward plan funding/logistical discussion updates.

On the contrary, if we get a better than expected CPR here first, then IMO, funding will likely be a formality, especially with Brent now at ~$63 and potentially still rising, DYOR.

Fully agree with general consensus here, and patiently/eagerly awaiting CPR/relating updates.

Also From Bloomberg Today:

“U.S. crude stockpiles tumbled more than 7 million barrels last week to the lowest in almost a year, according to an Energy Information Administration report. The data also showed supplies at the nation’s largest storage hub at Cushing, Oklahoma, fell by the most in a month, while crude output ticked lower.

A fourth weekly decrease in crude inventories and the decline in production highlights the steady downtrend in U.S. supplies before an unprecedented cold blast wiped out nearly 40% of domestic output.”

Absolutely not, as for valuation and forward potential including that of further E&D within existing acreage, IMOO, HUR is today by far the most undervalued U.K. O&G share around, DYOR and if you believe otherwise then I guess you can always move to the higher producers but valuation and significant forward potential here certainly can’t be ignored, GLA.

Expectation is currently another 2.429M Barrels drop in Oil inventories, interesting to see how it turns out today, and subsequent Oil price reactions.

https://m.investing.com/economic-calendar/eia-crude-oil-inventories-75

Then don’t spend your time 24/7 here reading every single post on this public board dumbo, especially when “you don’t have a position, that was easy, there’s a good boy.

IMOO, HUR is currently way oversold/undervalued, and maybe as you say, we are all gamblers here, and after all, isn’t the whole stock market a gamble? We each do our own research and go on our hunches, mine tells me that at the moment the upside potential in HUR, particularly with Brent where it is today, by far outweighs any downside risks here, just my opinion which I will express on this board as you do yours, good luck.

I don’t disagree but nevertheless, extremely fast rising PoO which was certainly unexpected, significantly increasing company net-cash as a result of this higher PoO, and now hopefully a better than currently expected CPR in the potentially rich West of Shetland area cannot be easily ignored here, especially when company market capitalisation is this low, all IMOO, DYOR.

And yet the Brent price continues to climb again but there again, I forgot that you only like negatives here, and on another note, thanks for reminding me to filter you, it was on my mind having read a couple of your valuable contributions but had forgotten, although, not sure if any Shorters would pay anything for this BS, so I guess it’s filling valuable time!

“Oil Extends Gains as Freeze Halts a Third of U.S. Crude Output”:

“Cold blast idles about 3.5 million barrels a day of production”

https://www.bloomberg.com/news/articles/2021-02-16/oil-holds-above-60-with-a-third-of-u-s-crude-output-shut-in

Good Point/Post FatSam, I guess not long now to find out, GLA.

Spot on slipanchor, was thinking exactly same, and with Brent now at ~$63+, a better than expected CPR update will significantly change the dynamics here for any forward plan discussions with stakeholders, so looking very good indeed here now ahead.

And don’t underestimate huge potential interests in HUR’s vast prolific West of Shetland assets/licenses, especially with Brent’s upward momentum and at ~$64, DYOR:

“ROYAL Dutch Shell chief executive Ben van Beurden has hammered home his view that the oil and gas giant has lots of ‘running room’ in the North Sea, with its activity likely to focus on the West of Shetland area.”

“Mr van Beurden underlined the fact the North Sea is one of the nine core regions that Shell will focus oil and gas investment on.”

“Eighty per cent of our capital and 80% of our exploration effort will be in these nine core areas,” he said.

https://www.heraldscotland.com/business_hq/19084342.oil-giant-plans-north-sea-developments-targeting-net-zero/

Good Post, completely agree. No news here so far with Brent/Net company cash both on significant rise, and all while awaiting a post kitchen sink CPR on HUR’s vast West Shetland acreage can only be great news.

HUR is likely today the most undervalued/oversold share trading in the U.K. markets based on company forward potential & fundamentals including significantly increasing net cash, huge tax credits, extremely prolific West Shetland acreage to further explore and develop along with rapidly rising oil prices.

Hence now with updates (including CPR) imminent here, and brutally kitchen sinked SP currently priced for Armageddon, HUR has potential to be THE U.K. stock market Multibagger of 2021 with truly massive upside potential ahead, DYOR, and GLA.