Member Info for MaverickD

building up again

Yes my point was that BP have been rumoured to have been interested previously (2018) and the valuation then was £1bil with a premium needing to be added to that too. Now our valuation is 1/10th that - a cheeky bid of £400m could well be possible!

For those that can't access the link - or don't want to search online:

BP announced that it had agreed with US competitor Conocophillips to swap its stake in the Alaskan Kuparuk oilfields for Conoco’s share of the Clair oilfield, near the Shetland Islands.

The oil giant said the deal would not cost or make it any money. But its interest in the region got Hurricane investors thinking that their company, which also owns several oil assets off the Shetlands, may also be of value to the firm.

The Mail has learned that just last year, Norwegian oil firm Statoil, now Equinor, was in talks with Hurricane with a view to acquiring the UK-listed business.

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.

At the time Hurricane shares were trading at circa 50p

https://www.thisismoney.co.uk/money/markets/article-5918723/MARKET-REPORT-Hurricane-Energy-thrust-limelight-BP-takeover-target.html

BP have always had a link and the current SP looks very tempting

Not sure the board need do anymore - they have got production up from 10k to 17k in the space of a month......thats pretty impressive. The SP will catch up, well re-rate as this should be over 12p now.

BTFAITH - think someone playing with the VWAP......think the business looks very attractive.

I remember PMO invested somewhere in the region of $1.4b to develop Solan and that was to add 20K production. It has disappointed since and it was the acquisition of E.ON's North sea assets back in 2016 for $120m which helped it with production.

I know PMO dropped out from adding a further stake in the Talmount Project earlier this month, so just thinking would Hurricane be value accretive for someone like PMO? Of course it would.

Then you have BP which are selling assets to PMO at the moment and have cash (obviously) being that our oil is being sold to BP whether they could be interested?

I am invested based on value and potential

It appears that they are filling at 6.03 on the buy side.....looks as though this will want to head back higher - just need this to break through 6.6/6.7 and we should flay through 7p. It is testing our patience agreed, but significant gains to be had holding. Perhaps a further update on production next week and the potential of a takeover/ tie up. Enquest pulled off a deal this morning - looking at synergies with other North Sea operators.

Think 27p will be hit soon and then very bullish

Like I say expect a min 3% gain today and come next week many will be moaning they didn't buy. Same happened when this hit 36p from 27p in March. Well capitalised and along with the others in the sector kitchen sinking provisions.

In the blue and should end the day on a high.....should catch up with its peers

Adding again with the FTSE higher and banking peers heading up

Will follow the other banks up today expecting a 3%-4% rise from here and head higher. Case of getting what you can afford to hold as these will pay really well

Great little bit of news - took out the early sellers, loading back up now

Some have been doing it a while seems the MMs are trying to soak up and sells.......primed for a further rise. Production is no different to when we were at 13p. Now oil is around $10 dollars a barrel.......so in my view as I have stated it should be closer to 20p

Watch the MMs take this back up to 28/29p.....I think the update was priced in and in fact it represents a bargain at these levels!

Kitchen sinked impairment charge same as PPI - so we should see some value hunting

Get your orders in

Great they have filled those buys from last night and the buy orders earlier......see this come back up

Its definitely the opportunity to buy, as the offer shares were cleared by buyers - getting in at this level should show decent returns

I added at 26.5 - bargain