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And BP owns it the moment it leaves the AM
"…’When to sell’ is the hardest of decisions?…I must admit I am getting fed up, and closer to that final act."
I think most LTH's are the same. Depending on which way the wind is blowing I change from wanting a sale, so I can walk away with my losses and try and forget that Hurricane Energy ever existed to hoping for the dividend route to open up and keep picking up substantial div for ever and a day into 2025 to see how the story finally plays out.
My real dream is there's a spike on a rumour and the SP ramps up to 18p, I sell the lot and buy back in at 8p on the drop and then HUR gets sold for 22p and I end up with a profit and wonder what all the angst was about for the last 2-3 years. Then I wake up.
Anyone any idea of the ramifications on this change with respect to if this will change the dividend payout announced for Q1 23, IF the company is not sold. I was rather hoping to know which way my HUR shares were heading in this tax year, not next. Will there be enough time for the Q1 dividend?
Had'nt seen this posted, sorry if it already has. Cap on Russian oil set at $60
https://www.bbc.co.uk/news/world-europe-63843893
Fwiw
I have HUR shares in my SIPP and ISA, both with ii and I have to 'vote' twice, once for each account
"Hi fandg2, Does the form indicate the implications of cancelling the share premium account?"
No, just the question then a couple of tick boxes for 'for' or 'against'. The only other info was a link where I picked up on all needed being done by the 8th Dec.
"£20K. 3.1P dividend in 2023-24 tax year =£7,750"
Small point, 3.1p dividend is being advertised as being made Q1 23 which will mean 2022-23 tax year, would'nt it?
Got my vote ‘form’ via ii to approve cancellation of share premium account, or not. Heads up, needs to be completed by 8th December for the meeting on the 14th December.
"Malcy thinks the shareholder meeting is to flush out any reticent bidders who have been secretly buying"
Volumes have been pretty low all month. To stay below 1% and be 'invisible' is around 25m shares so can't see anyone 'secretly' buying as 25m is a drop in the ocean. Or am I missing something.
Yep understand that and it takes 5 times as long doing it offshore. But, uncoupling the AM and either towing/motoring to a dry dock, that will take her, takes time and the return journey and recoupling (won't go into that possible saga as LTHs know what can happen then) takes time, Some of that time the AM could still be producing.
I don't think we'll be able to do a cost/benefit analysis here of either option, just got to wondering whether going into dry dock was a necessity
Yep, understand beefing up the produced water system, which if space and weight allow could be done in situ. It was the need for the dry dock I was querying. That's a whole bigger elephant considering the size of the AM
"The AM could after a small refit in dry dock be able to handle the water capacity to suit the Foinhaven field."
Why the need for a dry dock? Could'nt another overboard dump line just be put in the freeboard above the water line?
Was that 'our' BOD being proactive in getting some news out ? All the EPL stuff was just a repeat of whats out there although nice to know it should'nt cost HUR much more in 23/24.
Fwiw I felt that simps was phishing for something, as the question just seemed so odd for someone knowledgable on HUR so can understand senses comment
"All it needs is Brent to come good. Which I rate at greater than 50-50 chance"
And, the usual caveat that well 6 keeps going. Not saying it won't and I'd love to know how it compares to other wells around the UK not only from production but reliability as well. But, its been a sword of damocles for a while now
Check out the thread I started on the 5/11/22 'how long does the sale last'. Various comments on duration from 6 weeks to 6 months, but nothing conclusive
On the BBC
"The Hang Seng was also boosted after Chinese state media reported that Covid-19 travel measures will be eased."
"The likes of Shell and BP will consider this small change...."
I agree on the 'fiscal' side of things but do wonder that the 'intellectual property/data' of HUR's development of a fractured basement field might be of more interest to them.
Seems odd to me that the BOD were happy to give the company away at the SH's expense but not risk drilling P8 at SH's expense.
Surprised there hasn't been a few more of these. Is there a time limit for them to be issued?