Happy, there you are again, your apologies have been noted but are not appreciated -at least not by me-, so please get off! We know investing in HUR bears risks, but at least our balance sheet is strong enough and we also have assets that are situated in somewhat safer jurisdictions than TLW's.
What is it that brings people to post "Sell HUR, buy TLW"....Happy, go fornicate yourself on your BB! I have been lucky to sell my TLW-shares between 225-250 GBp -having participated in the capital raise- with a decent profit, but i would not find it decent to make fun of TLW-shareholders or tell them on a TLW-BB to sell their shares at this valuation...Don't you have any decency yourself?
Thank you for the effort and time of giving a detailed answer, adoubleuk. I am deep in the red with my HUR-shares, but am fully aware that what comes down can go back up as perceptions can change swiftly and radically.
Hello adoubleuk, i have been meaning to ask you this before, as you mentioned it a couple of times. Who do you think are those people who deliberately don't want HUR to succeed? Are you thinking of oil majors/companies/individuals ? People who claim it is impossible to develop commercially viable oil out of fractured bassins on the UKCS? Thank you for your many thoughtful contributions!
"Seems to me the only thing that matters is the sp and in that regard HUR have failed miserably to deliver even the slightest semblance of shareholder return since first inception.. period".... Have you had a look at share price development of Premier Oil, Tullow Oil, Enquest? Have you had a look at share price development of American and Canadian E&P-companies? There 's a very few exceptions, but you can say returns over the last decade have been abysmal all over the energy sector.
Happy Investor should better change his nickname into Mr. Flipflop. Just look what he wrote on TLW on the 12 th of March : "I believe this company firmly belongs to the lenders who I expect will take control by the end of March (next RBL determination), continue to run it with the existing management and/or appoint their own team and look to sell off assets in a distressed sale to recoup some of their debts. If Tullow thinks it will be able to retain its lending headroom when it is making such a big loss on each barrel sold and while the equity is worth so little, I think that is cloud-cuckoo land. There will eventually be a recovery in the oil price but too late for Tullow Oil." Whereas he writes about the same company few weeks later : "Looking cheap with Brent on a tear. Lots of positive catalysts on the horizon and now is a great time for the new CEO to start delivering better newsflow. Looks tailor-made for takeover, too. Superb assets in Ghana and Guyana - areas where the majors want to be. The best exploration upside of any mid-sized oiler. And steadily becoming financially stronger with non-core assets sales."