Member Info for mover123

.....what else to explain a spike of this size...?

...seems to be approaching

only time will tell but a firmer oil price as forthcoming newsflow should see this sustained IMO. If FOMO kicks in then we might see some concerted buying which pushes us upward through to end March

Capital Markets Day - 25 March

he would not even pay 50% of so-called FV.....

I think that would be premature Fred. This is an oil-producing, cash generating company sitting on significant potential. Easy to get sucked into the doom and gloom but there is no denying the long term value locked up here. Depends what your appetite to stick it out is...

something positive in the pipes....

there is something more specific to HURR going on here - maybe background bid or maybe the institutions happy at change of CFO

something brewing....

I don't know if anyone has noticed but there has been a steady stream of 100k buys throughout the day. I would be amazed if this is not related to the current resilience of the share price and would seem to point to someone accumulating (if indeed it is one party...)

there HAS to be something going on here -the FTSE is in freefall and we are up 1.4%. Hold onto your hats....

Second reading of the 29/1 RNS indicates they may have ceased pumping between the last offload (22/1) and the end of Jan while testing happened. So if they went to 20k bopd on 1/2 then they should still have pumped 500k barrels by the time of the recent offload

Volumes are high at 11.5m just three hours into the trading session. the prognosis that someone is hoovering up shares I think is accurate.
Anyone with access to L2 have any view on the buy / sell ratio?

Now BLUE! Really good sign for upward momentum when the CV nonsense dies down...

well, the good news at least is that we are outperforming the market - eg BP down 4%. This seems to be the pattern of recent days. There is a resilience to HURR which now gives me confidence that we see a decent rebound when all the CV background noise dies down....

exactly right Daltry - I made the point yesterday that this is a very bad signal to send three weeks before 2019 financials come out. Just hoping there aren't some big accounting errors that have been discovered from y/e audit. I suspect the picture is bigger - ie he has failed to successfully cultivate relationships in the City etc.....

agree.. On second reading you could take from the 29/1 RNS that they would do the testing on the 6 well after the 22/1, pump nothing until 1 Feb and then pump both at a combined rate of 20k bopd from 1 Feb to the 25 - ie 500k barrels. So anything less than that would seem to small

The price action speaks volumes. The other day SIG fired their CFO and CEO and the price went down 20%. Today with the market down again here we are steady and volumes already solid. To me this looks quite positive

.....Hurr have been subject to a bid approach which Stobie was wanting the BOD to accept....? Possible?

LSE showing we're down 10% but my trading account was offering me 15.5p - does anyone know where this is going?