Member Info for mariog

It seems that the bond price has never been as high as is now. When AA bond was rallying high the offer came and company was taken over by US Funds with all the debts included.

https://www.boerse-frankfurt.de/bond/xs1641462277-hurricane-energy-plc-7-5-17-22
+8.23%
07/09/21 09:48:22
Last price 75.79

truth is that none of us knows what is going on behind the closed doors

HUR could scare bondholders by reducing the minimum and maximum price. Imagine how whey would react.

They all know there are big money around. Negotiations and then see what happens. Bonds not sold to us will cause the bond price falling a cliff. Bondholders must consider this scenario too. They are not stupid.

Some bigger holders want to agree but they set the condition. No other way.

Hope to see 3p on the Bid some time today

Oil back to 70s

Bond price stabilised up at 70%. If offer will be rejected then the bond price will crash for sure. They will acceprlt the offer for sure.

Wow the bond was worth less than 30% original value just a few months ago. Offerred 70% is a big bonus and certainly tenter will be accepted by many.

I see that some of them have been shorting HUR in the recent months

Many thanks DiveCentre.

Now question is who has any connection with CA, Saba and who is under financial pressure to sell their bonds now.

imo this is a game changing update and hope they will buy back a lot of bonds. Back to 4p+ if they bond holders agree to sell, no questions about it.

Do we know who the biggest bondholders are?

remember Tullow Oil at 7-10p not that far ago? New bod can clean up that mess and many small shorts buying back can lift the price significantly here. Absolutely love the news today!

50% for CA, but for the new investors it can be even 500%.

If HUR survives, which is very likely at oil prices c. 70USD, then I am expecting share price to go up to 15-20p. Return from investment will be huge and CA will get their month back no question about it.
Cashflows from continued operations (until May 2022)- 71m
Mcap today c. 50m

Where do you see share price if they manage to buy back all the bonds before deadline in June 2022? Can you see it over 10p?

That is a smart decision, a big step forward. We can assume that they will buy back 115m bonds. This will leave them with 115m bonds on the market and 60m cash. If oil price will stay at todays levels then they will be able to buy back rest of bonds in 2022 using cash from the produced oil.

USD 100m term loan would be much better than takeover