Member Info for mariog

As above. Crazy stuff.

I also think oil prices will be strong over the coming months.

RSI much lower after those recent two trading days. Share in the buyable territory again. Oil ending in plus today. If no surprise in the morning, then we will see a nice blue Wednesday.

Managed to add a few

You are too obsessed with Maris. Back in the low oil prices there was no future for Hurricane. Now the price is $40 higher and the future could be bright. Maris and Co did not expect the oil price to rise up to €80+ so they tried to wipe out shareholders. Now its all different. Perhaps he made a huge mistake but in recent RNS Maris was quite positive.

"Oil Prices Remain Steady After Reaching High"

https://uk.investing.com/news/commodities-news/oil-prices-remain-steady-after-reaching-high-2487151

That is like 123m USD in today's FX.
They need to secure a new business imo to cover the equity part after debt before June.

Is the mcap reflecting the real current value or is still too low, what are your options?

13/10/21 09:10:30
Last price 82.63
Change to prev. day -1.29%

I would like to see company buying bonds on the open market or announcing one more tender offer now. Time is good and cash is in the bank. Every bond no longer in circulation can deliverinstant savings to a company.

Do we have any shareholders call with company after results tomorrow?

Who knows, maybe in 20 years....

Tomorrow to test 4.70 again. 5p within the week imo

After 4.30p next stop is just before 6p! Really strong position right now.

Petroatlantic 5h ago last update
https://www.vesselfinder.com/vessels/PETROATLANTIC-IMO-9233818-MMSI-311517000

New will blame old and will show a light in the tunnel, kind of like politicians would do

True, mcap is low and there is a potential to go much higher, but why there are no buyers even now at 3.70?

After oil sell in mid October we should see debt reduced to approx 60m, means mid January HUR really should be debt free. Hmmm that means that by July they will have 120m cash and hopefully in the meantime the extension will be granted and new drilling programme announced. No reason to sell now.

Will the 4p happen again today?

The next cargo is expected to be lifted in early- to mid-October 2021.
Half year report - 14 October 2021

I bought for 4.0 today. It was not easy to buy at that price.
Oil prices above $75 (now 78+ WTI and brent 82+) will deliver safe level in case of lower production. Literally anything can happen.

speaking about 7.5p, let's first move to 4p+ on the Bid