Member Info for Fred_Bloggs

Looking on the brightside (I am not alone) I only need a 2.5 bagger now to exit with my money intact. Oh, how things have changed the last three years or so.

There's no secret, Dr T and others there have frquently talked about the different routes to monetisation of assets.

Fully understood thanks, Daltry. They cannot do that without leaving a bread crumb trail. Simply tying mobile phone number records, web messages and share trades is incredibly easy to do if you have the right authority to do so. I guess what you're saying is that HUR stock simply isn't worth anyone worrying about. Except for Joe Public who gets screwed over time after time.

Maybe I am just so dim that I cannot see it. But, exactly how to traders collude off the record to manipulate Hurricane Energy stock? I find it hard to believe that folks can move the price so much without apparently leaving a bread crumb trail across the markets? How is gross share manipulation of the sort HUR has seen done so stealthily that noone can see it?

Well this economic war between SA and Rusia can't last long. KSA isdrawing down it's capital reserves at a record rate. They have massive social programmes and state investment projects in place preparing for the post oil era. Despite having the lowest extraction costs on the planet, they need about $85 a barrel to say solvent. At least as I understand. Ask yourself, how long can a misjudged economic war run for when both main combatants are heading towards massive self inflicted economic damage?

And............. It's a red day.

Well, we're back a smidge below $30 a barrel again this morning. After a couple of blue-ish days, today might be another red one.

Here's to a Brent crude trading over $30 a barrel. I hope for another blue day here.
FB

Oil price firming a little today. HUR are marginally profitable at $28.46, I believe.

Well, love him or hate him "twenty ound notes for a fiver" Malcy, is positive in his blog after the HUR CMD. Little mention of water cut issues.

Why?

Yes the big elephant, a mammoth in fact. Is the increasing water cut from one well. Dr T keeps repeating that it's perched water and that it fits their theories in that respect. The upcoming CMD, there's going to be quite a few very smart people waiting to hear a convincing explanation why the water cut is not going to kill off one of HUR's only two producers. Without such a presentation, expect a lot more speculation about water cut. And now, especially now, that's going to mean a very poor showing in HUR's share price short to medum term. I think.

The buy in by Spirit was always going to end badly. A company majority owned by a cash strapped zombie company (Centrica). It's a shame HUR really felt the need to sell out to such a company. But it's history, I hope HUR have learned from 2019. If they havn't they'll go bust frankly, in today's climate.

Well said, Amaja.

Oh well, that didn't last long, back under 10p again now. Nice while it lasted.

10p this morning?

For me, the message is, "At HUR we have our tin hats on, we intend to sit tight, hunker down until the weather gets a lot better". Sensible.

Indeed and still the share is about 1/20th of the value it was four years or so when it jumped to 10p and then collapsd again. The reputation of the company has never really recovered from that.

No, but Bernstein DOES know how to make money. He has made a packet on HUR over the years. And he still is.

Thank you amaja. Here's hoping for an early offload. That would suggest February cargo is partly still on board and wells could be 20k per day producers presently. (Unless the tanker is collecting water, of course!).