George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
sounds good for the UK oil
Considering we had more debt that time, I think with those oil prices and general sentiment in the North Sea should see today sp at 12p minimum
WTI almost $110, Brent heading to $113.
Last time when WTI was close to 110 we saw HUR over 11p
"my view on current fair value is circa 30p. but i am by nature optimist. given all and everything, if CA delay exit till dec 22 and beyond, i do not see 40p as impossible"
I agree with you. Even 40 is possible here if all things will go together. However I would not say no to 20p offer tomorrow.
Volume very thin so think twice before selling. Potential is great for the North Sea oilers.
Same here. I believe that even CA would be okay with such an outcome. Hope the bid is to arrive soon.
full value would be today 10p plus future oil and 16p from tax, which would put us around 30p mark for an offer.
20p would be accepted and I would be happy too considering this is like one bag from here. Win win for a buyer and us.
20-25p. Half p's from the tax, other half covered by oil from P6
The most important finding in the last days.
https://www.thisismoney.co.uk/money/markets/article-5918723/MARKET-REPORT-Hurricane-Energy-thrust-limelight-BP-takeover-target.html https://www.thisismoney.co.uk/money/markets/article-5918723/MARKET-REPORT-Hurricane-Energy-thrust-limelight-BP-takeover-target.html
"The talks fell through, but interest remains in Scottish oil assets. Both BP and Equinor declined to comment on whether Hurricane was in their cross hairs. "
My hopes are that with the increased interest around the West of Shetland area and North Sea oil, this can be still on the cards.
End of 2018 were totally different times. Now oil proces should be strong and shift towards North Sea is visible.
Hur has some future in the UK oil industry imo. Big chance for a new licence ot a takeover. Probably the second more likely now.
"BP, like rivals such as Shell, France’s Total and Norway’s Equinor, plans to invest billions in West of Shetland projects while scaling back in the mature areas of the North Sea."
“The West of Shetland is vital to the future of the UK oil and gas industry,” Wood Mackenzie analyst Kevin Swann told Reuters.
“If you want to be anywhere in the UK continental shelf, you want to be in the West of Shetland,” Hurricane Energy Chief Financial Officer Alistair Stobie told Reuters.
https://www.reuters.com/article/us-northsea-bp-idUSKCN1NS0CR
It all depends if you need cash now or not. Worth to try.
They can offer them 100%, some might go for it if need cash asap
04/05/22 10:02:13
Last price 99.20
Change to prev. day +1.23%
Still a chance to buy in all or some remaining bonds before July and save at least a few thousands on interest.
Use the money in the bank now.
Just to add to this story.
"Equinor posts record profit as gas prices soar in Europe"
Today's news from Equinor
https://uk.investing.com/news/commodities-news/equinor-posts-record-q1-profit-as-gas-price-soars-2639662
see the old news
https://www.thisismoney.co.uk/money/markets/article-5918723/MARKET-REPORT-Hurricane-Energy-thrust-limelight-BP-takeover-target.html https://www.thisismoney.co.uk/money/markets/article-5918723/MARKET-REPORT-Hurricane-Energy-thrust-limelight-BP-takeover-target.html
"The talks fell through, but interest remains in Scottish oil assets. Both BP and Equinor declined to comment on whether Hurricane was in their cross hairs. "
HMMMMMM
As far as I am aware there is a small link between HUR and BP, so maybe maybe there is a chance for BP making an offer for Hur
"he Company has negotiated with BP Oil International, the purchaser of its crude oil, a facility that will allow for cash to be advanced ahead of a lifting." 25 March 2022 RNS
There is also a question, how much is HUR worth without that producing well and licences. Would 10-16p from taxes be still a desored outcome in case of no oil coming from the P6?
It must be then a relatively new company with recent successful drilling
Someone posted about Harbour Energy. Apparently they have a lot of tax credits from Premier Oil, so the combination with them won't happen.
Any other company in your minds? Has to be one that made a lot of profits and doesn't have enough tax losses to offset against the profits made.