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Interesting, Proactive Investors article here is actually 100% HUR positive based on latest RNS release, and certainly looks like company is finally turning a corner and fingers crossed, great times ahead here from these crazy low bargain valuations.

Good Post.

@Alba17, spot on! Additional revenue/net free cash and remarkably rising POO are not only going to significantly help HUR in it’s liquidity position but also provide the CEO/Executive Team with a very much stronger hand in any stakeholder discussions, HUR has now certainly turned a corner here and hence time for the much suppressed/way oversold SP to commence doing same, also IMO, potential for HUR to become a massive multibagger here and from these levels this year has now noticeably increased with this update today.

Exactly why the reason, particularly post this great company update that HUR SP now has by far the most potential upside than any other U.K. listed oiler, and IMHO with this additional revenue/free cash and continued rising oil prices, massive upside potential here can no longer be ignored while downside risks now look extremely limited from these very much lowball levels, DYOR.

Significant additional free cash so far and subsequent revenues here this year is certainly a game changer for HUR going forward, and AM fully appreciates this fact, HUR SP will now rapidly rise from current extremely oversold/crazy low valuations.

Agreed, huge game changer RNS today by Antony Maris, we may indeed witness double figure SP here this year.

Double figures coming here very soon.

With this update, and from HUR’s current extremely lowball valuation, HUR may indeed become AIM Index’s Multibagger/Best performer of 2021; HUR market cap has been unrealistically kept at extremely low levels for sometime, clearly massive upsides ahead here going forward.

Wow at last, truly Outstanding, and POO continuing with the momentum, great time ahead:

“Production in line with expectations, a December lifting from Lancaster, and higher oil prices combined to deliver a $19 million increase in net free cash at year-end compared to end November 2020. A continued recovery in oil prices would further enhance the significant value we see in our West of Shetland portfolio. As previously reported, we are currently engaging with our stakeholders on a proposed development plan for Lancaster and its associated funding, in order to maximise the potential value of our assets."

Bullish signs on crude prices continue.

“Oil Stockpiles Fell 3.2 Million Barrels: EIA”:

https://m.investing.com/news/commodities-news/oil-stockpiles--fell-32-million-barrels-eia-2388131

“Saudis Curb Oil Supply to Some Buyers Post Pledged OPEC+ Cut”
“11 in Asia, 1 in Europe got less than they sought for February”:

https://www.bloomberg.com/news/articles/2021-01-13/saudis-slash-oil-supply-to-some-buyers-after-pledged-opec-curbs

Interesting & compelling comparison PT here LD, thanks.

Jonno41, fully agree, a major positive/upward re-rate herd based on POO and forward fundamentals is now inevitable in my opinion, and only question is when and not if, and I strongly believe that HUR from these levels will be a massive Multibagger this year and possibly beyond, GLA.

HUR is now by far the most oversold O&G company trading in U.K. stock indexes, and this unrealistically fear driven undervaluation will certainly not last much longer IMO.

Brent now up ~2% at circa $57 and seems to have decent positive momentum ahead.

PMO could not even cover their short term liabilities which were significantly higher (in multiples) than their assets, dynamics here wether it be the rising oil price or HUR’s prolific acreage/licenses are very different IMO, and anything less than circa 14p today as bid premium here will not succeed, and this could be lot higher come H2 with higher crude demand, tighter supplies and Company forward plan funding in place, DYOR.

Agreed, this will have a huge positive impact on O&G stocks this year, HUR will certainly not be exempt:

“Oil Market Gears Up for $9 Billion Index Buying Spree”

There could be considerable M&A interest in HUR while it’s SP remains at these very much undervalued/oversold 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. HUR bod/key shareholders would want and expect an unusually significant premium on these levels if a bid is to become successful, and even today IMHO, anything less than ~14p here as minimum will not succeed, particularly with Brent at USD $56 and rising, please DYOR.

Elephant in the room here is the price of Brent which is now ~USD $55 and rising which can significantly influence the way things go at HUR, particularly, if this upward momentum continues with an uptick in global demand with tight supplies ahead as Vaccinations progress, Saudi/OPEC cut continue, reducing inventories......, positive & significant impacts of a rising POO here can certainly not be ignored, DYOR.

Interesting read here, O&G M&A on the up and further increases likely this year with rising crude prices, so make if it what you will:

https://www.google.co.uk/amp/s/oilprice.com/Latest-Energy-News/World-News/Q4-2020-Saw-Jump-In-Oil-Gas-Dealmaking.amp.html