Member Info for LONGWAIT

'the wavering around of the SP at current levels makes me thing of 'bottom-feeders' really scraping the barrel, and desperate.'

Can you please elaborate, Double?

"I had to enter Robone's name in the members' search engine to see what this is about.
I then remembered that I had long ago filtered him, and it was a wise decision .... Am I on your filter or not???? or you just suits your own agenda..... clearly it doesn't add up what you just wrote!!!, ;o),"

I'll try and keep this simple: I filtered you long ago, but on seeing your name mentioned in a post, I entered your name in the members' search engine and then saw your history of spiteful posts about LTHs, including me.
The filter facility does not apply in that situation.
I then removed you temporarily from my filter list in order to see your response to me.
Clearly, what I wrote does add up - or at least it does in the minds of people capable of adding things up!

You allege that I have an agenda here.
I've been here nearly six years.
I've been invested for all but four months of HUR's existence as a listed company.
Now, what are you doing here ?

I had to enter Robone's name in the members' search engine to see what this is about.
I then remembered that I had long ago filtered him, and it was a wise decision.
On looking through his posts, I see many spiteful remarks and real hatred for anyone who actually believes in this company.
He says JB is writing 'BS' and calls me a policeman for daring to report people like Beartrice and SueMay1, both of whom were quite properly banned.
If I hadn't filtered him, I would have reported him too.

Not sure what makes TSD think his chances of becoming friends with HUR investors would improve if the SP fell to 8p.

As for his gloating about the SP staying around 15p today, he was just as pleased when JOG was about 60p, but did a disappearing act as it rose to 240p.
He's been back at JOG, scenting blood and predicting falls to 80p.
I expect him to disappear quietly from both boards when the SPs rise strongly.

Yes - you're right, Double.

I'm amazed that I, with an IQ well in excess of my hat size (although thus far unproven in market action) didn't spot that.

I did notice that that poster's screen name was not actually Beatrice, Double, and I perhaps I should have referred to the said poster as 'he / she / it,' but I suppose I thought Beartrice must be a play on Beatrice.

I've just checked and discovered a description of a British movie of that name.
The description of it is only slightly more intelligible than the said poster's ramblings:

'Three Friends Go To An Illegal Drug Rave And Soon Discover A Women Dress As A Bear Named Beartrice. Across The Day Unfolds Murder As She Lays Claim Across The Woods That She Lives In.'

I therefore conclude that the poster is a 'she' in the sense that he/ she / it intended to be taken for one.
It's just as well you didn't see her post, as there is something mad about it.
I just took a look at my screenshot of it and feel slightly dizzy.
It consisted of 15 short paragraphs and other readers here were trying to decipher them.

When I viewed pages from the play The House that will not Stand, on Google Books, the character Beatrice appeared as Beartrice.

What's going on?

Well, WM, when a poster reports that a company whose name begins with Hurricane has been sold for 100p (in total, not per share) then I assume that he is trying to unnerve investors here, which is possibly what a poster called BeartriceTomson was trying to do last night, with mention of 'Hurricane Broke' and 'Spirit energy'.

I reported her and suggested other posters do likewise and her account was swiftly closed.

It seems, Genghis, that even TLF has been dumbed down!

Is nothing immune?

As I said, Mike, unless something terrible happens with oil or the general market, any further corrections should be the result of RG selling into strength rather than at lower levels.

Also, after the licences award was RNSd, the SP opened at 90p.
By the time I checked the price, it was 114p that morning and I kicked myself that I hadn't got the cash ready for a purchase.
I could have doubled my money, but didn't imagine RG would sell down to this level.

Can't see it going much lower and any farm-out news should send the price northwards, although it could be a long wait.

If I understand you correctly, Double, you seem to be saying that DSPP has turned his attention from water cuts to bonds / bond derivatives.
That wouldn't have something to do with HUR's alleged debt problems or with bond market manipulation, by any chance?
If DSPP is now concentrating on bonds, is it a coincidence that a certain (increasingly-filtered) poster whose main purpose in posting here is to gloat over LTHs' misfortune, has also just turned his attention to HUR's bonds?

As for shorting, shorters, and shorters getting their comeuppance, I think I know a fair amount about stock market history and price movements, but I don't understand how this price collapse has been brought about by shorting, and frankly, I think you understand shorting better than I do!
One thing I do know is that fortune and misfortune in the markets mirror political or national fortunes and any others you care to think of, and seem to alternate as night follows day.
People tend to think of future price movements, political and national fortunes as projections or continuations of the past.
That's why we have certain posters predicting further falls.
I don't know (and neither does anyone else) whether the price has bottomed yet, but I do know that it is behaving the way prices behave when they are bottoming.
I too would like to see the shorters ruined, but it they simply left the scene, that would be good enough for me.
I don't see them risking life and limb in an attempt to get the price down to 5p, when they could more easily and safely make far more money by going long.
The longer the price takes a step up, then a step down, and ends the day roughly where it started, the more convinced I will be that someone is accumulating and preparing for the next move up to 60.

Well, I've been proven right!

On 6 February, we had the following comments:

Looks like 80-90 inevitable.
(TriggersaysDave)

I think after the seller has done his bit, this will settle out 65p-90p range
(Divermike)

One thing I will say Trig, is you are probably not far out with your 800k but I'd say it's possibly closer to 600k than 900k.
(MadCrann)

Sorry, MC, but I think TSD is way out if he thinks RG has about 800k shares left.
He still had 1.3 million last Friday.
He cannot have sold half a million shares in four trading days.
(LONGWAIT)

He isn't that far out Longwait.
(MadCrann)

RG appears to have been selling a few lots of 10,000 shares each day.
He would have had to sell 125,000 shares per day to be left with 800,000 shares now, and that's based on published figures.
(LONGWAIT)

My very basic calculations had him still holding circa 800k shares too,
(newtothisgame2)

It's strange that all four of you were so far out.

As I noted on 13 February,
'You must have noticed that, whatever quantities RG had been offloading, he hasn't for the last two trading days.'
And the RNS suggests that he stopped selling by 13 February.

He still has 1,050,000 shares, which means he sold about 246,000 shares between 31 January and 13 February, which is about 30,000 shares per trading day which agrees with my estimate in one of my posts on 6 February:
'RG appears to have been selling a few lots of 10,000 shares each day.'

I am not surprised he stopped selling, as the shares are so undervalued.
He may be waiting for a recovery before offloading more, but the price will struggle to go much lower from here, unless the oil sector or general market takes a dive.

'now We know , why they never named them , as there never was a company'

The fact that the above comment received 12 votes is an indication of the degree of delusion on this board.
Shareholders of PVR have had a similar experience, with a Chinese company unable to satisfy HSBC that their funds were legitimate.
As the deal had already been finalised, the company was identified.
I would be prepared to bet that SOU's intended partner is also Chinese.

'They will even destroy a fledgling company if they can, NO MATTER HOW GOOD IT IS.

Shorting needs to be banned on small companies. I wonder how many young companies with great prospects for UK PLC have gone to the wall as a result of these people, how many jobs have been lost because of them.

What makes HUR any different? You think just because they are pumping 20, 30, 40bopd will make them immune. NOT A CHANCE'

I don't understand how the shorting attack - if that is what has caused the price slump - achieves its purpose, but I don't see how it could cause the company to 'go to the wall.'
I don't see how they can keep the SP permanently depressed.
If in several years time, HUR are producing 100 kbopd, earning 40p per share per year, with a NAV of about 300p per share, do you think the shorters will then be able to take the price back down to 15p - or even 40p?
Do you think if a major then bid 400p per share, the shorters will take the price back down to 40p and the MMs will oblige?

And if the MMs are the culprits, have you ever heard of them making prices that are one-tenth of the value of a bid for the company's shares?

It isn't going to happen.

This farce cannot last forever.

Yes, CS - I share your sentiments.

When you wrote,
'sure last years drills were a blip but even then he has probably learnt just as much if not more from the more successful drills.'

did you omit 'than' between 'more' and 'from'?

I think these share price slumps are not so bad if they occur while you have been building a position.

I imagine many, like me, had finished - or thought they had finished - doing so long before the recent slump.
It then becomes very difficult to average down effectively.
After averaging down five times during the present decline, I calculated that my average had decreased by 1p per share.
I think that Double is right and top-slicing is the best strategy - to eliminate the risk of making a loss overall, while retaining an interest, 'cost-free.'
I just hope we don't all top slice at about the same time on the next big rise and thereby cause another slump!

'Now all we need is someone to talk a little bit of common sense in the Dail.'

Do you know how much time they spent in the Dail discussing a bill that would have banned certain imports from Israel, a friendly country?

And they don't want oil from their own country!

Totally bonkers.

If you read the last few hundred posts, Bob_L, you will see what most of us think of Jamie Ashcroft with his nonsense about HUR's fate 'lying squarely in the hands of financiers and corporate rainmakers'.
He said a successful EPS would underpin a 55p SP, but in the article says that it was overvalued at 22p.
He describes FB as an 'unproven, debatable concept' and the EPS as a 'long-term test production scheme'.
He compares HUR with SXX, the 'calamity of 2019.'
He talks of 'financing risk, '[as well as] notable exploration and executive risk,' which is, in my opinion, like much of his article, pure fantasy.
It's people like Jamie Ashcroft who are presenting investors and prospective investors with a warped view of Hurricane Energy and its prospects.

Easy Come, Easy Go: How Hurricane Energy (LON:HUR) Shareholders Got Unlucky And Saw 71% Of Their Cash Evaporate
As an investor, mistakes are inevitable. But really bad investments should be rare. So consider, for a moment, the misfortune of Hurricane Energy plc (LON:HUR) investors who have held the stock for three years as it declined a whopping 71%. That would be a disturbing experience. And more recent buyers are having a tough time too, with a drop of 65% in the last year. Shareholders have had an even rougher run lately, with the share price down 63% in the last 90 days.
Because Hurricane Energy made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now.
Because Hurricane Energy made a loss in the last twelve months, we think the market is probably more focussed (sic) on revenue and revenue growth, at least for now.
If you spot an error that warrants correction, please contact the editor ...

https://simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares?utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=post&blueprint=1064221#executive-summary

Yes - I did spot an error: the article is extremely misleading and gives the impression that HUR is a loss-making company.

If the market were 'focussed' on revenue, the share price would be multiples of what it is!

We should certainly be concerned, Albi, as from what I've heard, those Ukrainian women are not to be trusted any more than those shorters.

I've only I'd worded my advice more carefully!

I know I SHOULD ignore provocations, but sometimes I am too indignant to do so.

I am not making a buy recommendation, but just to prove that it isn't just about HUR, I would point out that JOG has actually published a NAV estimate on its website of £42.16.

The market bid price is £1.

Assuming a 50 percent farm-out of all its assets, it would presumably then be valued at £21.08 per share.

That's a discount of 95 percent.

Don't tell me 'JOG's fundamentals look terrible' too!

'HUR is NOT subject to this... Their SP is tanking BECAUSE fundamentals look terrible'
(DOD)

That's complete nonsense.
The shares are on a P/E ratio of one for 2020 and less than one for 2022.
The discount to Edison's latest NAV estimate is 86 percent.
We've had several experienced posters say they have never seen such a ridiculously low-priced stock.
By the end of this year, cash could be around the same level as the present market capitalisation.

You must be joking, DOD.