RE: Still down in the 3p zone9 Oct 2020 01:25
Levs,
Sadly in HUR's case as of now you are 100% correct.
Good COVID examples, NCYT price today now £7.62 !!! moved from about £2.30 in June and SNG still plenty of steam.
GGP, EUA, PMG's and Covid plays have helped me for sure to recover some losses in HUR, still a long way to go, but am getting there.
Main thing is will HUR recover?, it may well do under the new management, but until we see a resolution with respect to Spirit and future drilling plans I cannot see any improvement in the short term.
I do wish all in here the very best of luck as I know how hard it is to have a large paper/actual loss.
After today's RNS the odds of success are even harder for now IMHO, but who knows the price of oil may well escalate over the next 12 months as more producers go bust because of debt. I sincerely hope HUR can ride out the storm and perhaps make one or two conventional oil plays simply to gain some additional revenue.