Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Brent at circa USD $58, and very timely for HUR BOD/Executive Team who likely couldnât have wished for better tailwinds here at this key juncture.
âOil price surges on signs of a tight global crude marketâ:
https://www.worldoil.com/news/2021/2/1/oil-price-surges-on-signs-of-a-tight-global-crude-market
Extremely interesting; institutional Shorters here are now reducing continuously and on daily basis at the speed of light!
1nvest, Certainly not the case even if comparing with peers, for example, Short positions in PMO have only gone up in January (up on both 25 & 28 January 2021) and there have been no reductions there since September, also, latest changes in TLW positions were increases in Shorts and were on 13 & 26 January 2021, hence the 3 consecutive Short position reductions in HUR seem very much HUR/Company specific and extremely positive.
Updates imminent here, and kitchen sinked SP currently priced for Armageddon, HUR has potential to be THE U.K. Multibagger of 2021 with truly massive upside potential ahead, DYOR, and GLA.
HUR is likely today the most undervalued/oversold share trading in the U.K. markets based on company forward potential/fundamentals including increasing net cash, tax credits, extremely prolific West Shetland acreage to further explore and develop along with rising oil prices, DYOR.
Apart from âSimply Wall Streetâ, âProactive Investorsâ have now also turned very positive here as stated by their recent note on HUR below:
"Hurricane Energy (LON:HUR): Water cut at Lancaster remains under control":
"Our take: Following an extremely challenging year for Hurricane, todayâs update is much more positive on outlook. Production is in line with expectations, and a December lifting from Lancaster, and higher oil prices combined to deliver a US$19m million increase in net free cash at year-end compared to end November 2020. A continued recovery in oil prices would further enhance the value in the Companyâs West of Shetland portfolio. It is also encouraging to note the continued control of the water cut at the Lancaster EPS which is now below Q3 levels through what appears to be strong reservoir management."
https://www.proactiveinvestors.co.uk/companies/news/938454/today-s-oil-and-gas-update----wentworth-resources-zephyrenergy-tower-resources-938454.html
This continuous weekly plunge in Oil stockpiles, latest of which now being a massive ~10M, simply highlights extremely tight supply/demand fundamentals ahead for crude, and subsequently, lot higher Brent prices as demand recovers with minimal investments in the O&G industry during past 6+ years. Now, also as mentioned by others, needless to say that HUR revenue and net cash will clearly also substantially increase this year providing much needed cashflow/funding in a company of currently joke of a market cap at ~48M! So something tells me that this crazy low valuation here has to change significantly to the upside, and pretty soon, DYOR.
Also agree. At HURâs current extremely oversold lowball valuation (i.e. ~47M joke of a market cap today), equity raise is meaningless, but I do agree that a share buyback here can now make a lot of sense, time will only tell; HUR is in a relatively strong and improving position with decent cash in the bank, rising oil prices, outstanding West Shetland acreage, and bonds not due till 24 July 2022, hence, plenty of time to discuss funding with variety of parties in todayâs ultra low interest rate environment, all IMO, DYOR.
Noteworthy here that HUR now likely has the required cash flow/production to take and build on the immediate company challenges of this year, and with âYear-end net free cash1: $106 million, compared to $87 million at 30 November 2020â which will still continue to significantly rise as we move along with potentially higher oil prices ahead.
CA note on HUR today, will now likely act as a catalyst here to speed up ongoing HUR stakeholder discussions, widen available options and thereby, help reach an optimum solution for the company ASAP, IMHO.
Obviously this is all speculation likely fuelled by CAâs seemingly HUR positive RNS today raising potential farmout options here which suggests that with Brent looking bullish at circa $56, there is likely numerous interested parties/farmees looking to potentially invest in HURâs rich lucrative assets, and that is certainly something that all stakeholders and even potential bidders here will likely consider, DYOR.
All sounding extremely bullish for Oil prices (and by default for the kitchen sinked HUR) ahead.
âBidenâs plan to cut U.S. oil productionâ:
https://www.worldoil.com/news/2021/1/22/biden-s-plan-to-cut-us-oil-production-becomes-clearer
âFocus on stimulus efforts to help boost demand, analysts sayâ
âDelay in lifting Iran sanctions to further supply tightnessâ
https://www.google.co.uk/amp/s/www.bloomberg.com/amp/news/articles/2021-01-22/goldman-says-biden-s-first-steps-are-bullish-for-oil-prices
I concur, all here mentioned HUR updates should actually occur this very quarter with more then expected as the year progresses.
Interesting read now that Biden has finally been inaugurated.
âGoldman says a Biden win could be a 'positive catalyst' for oil pricesâ:
https://www.google.co.uk/amp/s/www.cnbc.com/amp/2020/10/12/goldman-says-biden-election-win-could-be-positive-for-oil-prices.html
Brent prices up again today, and looking extremely good as Biden is about to commence his term, also, itâs been made very clear in the latest HUR RNS that every additional $ increase in Brent prices has a massive impact on company ânet free cashâ and thereby, provides Executive Management with a very much stronger hand in any stakeholder discussions, DYOR.
âOil caught up in early commodity supercycle fervorâ:
https://www.google.co.uk/amp/s/www.hellenicshippingnews.com/oil-caught-up-in-early-commodity-supercycle-fervor/amp/
IMHO, reason HUR BOD cannot top up/buy shares here at present is primarily because they are currently engaged in key stakeholder discussions on forward plan funding/bond extension and additionally, HURâs updated CPR is now due out by the end of this quarter and can also significantly effect company SP, DYOR.
And Brent now up more than 2% at ~USD $56+
Brent up, and all sounding extremely bullish here:
âInvestors Flock Back Into Oil for Reflation Trade, Hedgingâ
âBrent, WTI futures holdings at highest level since Mayâ
âSome investors making inflation trades, others hedge supplyâ
âInvestors and oil companies are rushing back into the crude market.â
https://www.bloomberg.com/news/articles/2021-01-19/investors-flock-back-into-oil-for-reflation-trade-hedging
HURâs latest update highlighting significant âYear-end net free cash1: $106 million, compared to $87 million at 30 November 2020â and Lancaster water cut stabilisation or as Proactive Investors now nicely put it âwater cut at Lancaster under controlâ, all now means that Iâd HUR decide to do the side-track ASAP without any further finance, they likely easily can and if as Hannam & Partners state, this then âwill add a significant amount of incremental production starting in Q4 this year (2021) at an estimated cost of US$60mm. Hannam & Partners believe this could potentially allow production to return to 20Kbbl/day in 2022 and thereby, providing enormous additional revenue/resulting net income here with POO still potentially rising further, consequently, plan funding for drilling program will not be a challenge for HURâ. All sounds outstandingly bullish IMHO, particularly at current way oversold SP levels.