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“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/

Apart from oil prices rising extremely and unexpectedly fast during past few weeks, also, very very recent history here simply highlights the Fact that HUR Institutional Shorters are now rapidly closing their Short positions here, a trend which I believe will continue, DYOR:

https://shorttracker.co.uk/company/GB00B580MF54/

Institutional Shorters here will utilise today to further close their positions IMO.

If forward plan funding comes post CPR publication then IMO, bondholders/lenders here will be queuing up to do business with a then subsequently very much higher valued HUR, good times ahead.

Somebody/Institution(s) is Buying here big time, likely we’ll find out soon enough!

Good Posts FatSam.

If HUR SP here does reach 8p, it will only be news based and by then many new investors would also be jumping in here, so no reason then (and only then) for this not to go even higher to 20p+ as potential is clearly there IMOO.

Fully concur here, excellent post.

HUR Market Capitalisation today is a complete joke, especially for a producing company with such vast rich assets/licenses, decent increasing net cash, huge tax credits, .....and all the current tailwinds around today, Shorters have been only winners here so far, let’s hope their speedy closures/exit here will finally open the way for HUR LTHs to start recouping some of their massive loses from this year and beyond as potential here is still clearly in place IMHO, DYOR.

Also with Brent continuously gaining momentum and now at $61+, no news/update here so far is actually Outstanding news IMO, DYOR.

Even more institutional Short closures noted here today, as Polygon Global just further reduced their HUR Short position on Friday (5th 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, DYOR.

https://shorttracker.co.uk/company/GB00B580MF54/

Nice timing.

The Wall Street Journal:

“Signs of strength under the surface of the energy market suggest further gains for crude prices, some investors and analysts say”

https://www.google.co.uk/amp/s/www.wsj.com/amp/articles/tightening-oil-supplies-inject-new-momentum-into-price-rally-11612693802

I concur, and additionally, forthcoming negative interest rate environment here will provide further support for HUR in any forward plan funding discussions should they wish/need to utilise the relating facts, DYOR.

At these unrealistically extreme low valuations, upside potential here by far outweighs any downside risks IMO, DYOR.

Extremely, and very nice timing too IMHO, of course time can only tell for sure but I believe not long here to find out if this is going to be a massive Multibagger in 2021 and beyond, GLA.

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, tax credits, extremely prolific West Shetland acreage to further explore and develop along with fast rising oil prices.

Now with updates imminent, and kitchen sinked SP currently priced here for Armageddon, HUR has potential to be THE U.K. Multibagger of 2021 with truly massive upside potential ahead, DYOR, and GLA.

HUR updates should be due any day now, likely before the end of next week while still considered early Q1 (with CPR then expected prior to Q1 end), and all reason why institutional Shorts have been trying to find suitable windows here to rapidly close their positions.

Great Post & Summary FatSam82.

Highly likely that we’ll now have lot more Short Position Closures during this week, better than expected news here looks imminent, and the way oversold HUR SP will significantly move north as a result of company updates, DYOR.