Quite possibly due to ignorance on my part. I was looking at what I took to be the live price on MarketsInsider, which is what I understand to be the "spot price". Very happy to be corrected if you can englighten us, though.
Yes, and as I recall from Stobie's comments at last year's AGM, BP pay more or less the spot price prevailing when the cargo is pumped over. Just nudging past $37 as I write.
And I should also add that I'm not really interested in the share price today. 2 years' time is a different matter, though.
Thanks, just trying to add a little cheer. Seriously, though, I do believe that there will be a modest rise in the oil price, which has to help us.
Must be taking a break for Ascention Day, so I'll step into the breach. Brent crude up again to over $36, so a blue day, methinks.
Brent crude for July delivery is hovering around $30, so there's no sign of HUR running out of cash in the foreseeable. My view is that its just a waiting game. Received opinion is that the US, SA and Russia all want/need higher oil prices. Combined with (slowly) increasing demand, we must surely have seen the floor for oil (ish)?
Anyone know what happened to Biffadog? He talked a lot of sense. Nice chap, too.
Littlened,
May I humbly suggest that your first action be to sack the existing auditors and appoint KPMG? A big name like that is just what we need to lend credibility to your second action of cooking the books to make it look like the profits and assets are worth gazillions. This strategy has worked really well for Carillion, who even manage to pay a hefty dividend! If you have any lingering doubts about accountability, please be reassureed that should you ever get found out, there will be no consequences and you will be allowed to keep all your bonuses.
Double,
Are you able to tell us where the website frequented by Biffa is? I met him at the AGM last summer, enjoyed his company and hold his posts in high regard. I'd be very interested to see what he's saying now.
Its worth noting that according to shorttracker.co.uk, since the 26th of March, there are no outstanding short positions above the 0.5% threshold. Or, put another way, the only way is up and they know it.
Jacdaniels,
On the contrary, the Directors are doing their job and doing it well.
HUR has relatively debt, very low cost of production and positive cash flow despite the oil price crash. To date, projects have been delivered on time and on budget. They have said that they are (very sensibly) reviewing future capital plans in light of changes in the future oil price.
If you care to watch the webcasts availale on the company site, or even to attend in person as I have, you cannot fail to be impressed by the knowledge and professionalism of the board. You might want some instant flash showmanship, but in these times I am glad that my not inconsiderable investment is in the hands of boring, steady engineers. Have patience.
Precisely. Electrically heated turbine blades, anybody?
Slightly off-topic, but relevant as this article is an example of the sort of sloppy or deliberately inaccurate reporting which sways public opinion and sometimes share prices. Wind turbine blades are generally made of fibreglass, a material which is in very common usage. If you lived in the USA, a country with a lax attitude to environmental protection and a surprising lack of engineering ability outside some specialist areas, and you were interested purely in the lowest cost of disposal, you could of course entrust your used blades to Bubba and his trusty Caterpillar 'dozer. In the more enlightened Western Europe, we prefer to crush our blades and burn them in waste-to-energy plants, then use the residual glass fibres in the production of building blocks. I suspect that this truth wouldn't suit the agenda of the publishers, so of course it wasn't mentioned. I'm surprised they didn't include the classic picture of turbine blades being de-iced by a helicopter, but that's another story.
The moral of this tale? Don't believe everything you read, especially on this bulletin board. Do your own research, starting with the comprehensive presentations and RNS records available on the HUR website.
Crystal Amber's year end is 30th June, so I question your logic on that front.
As for the exercising of Warrants, etc., I confess that this is well outside my area of expertise. Perhaps Biffadog has something to say on the topic, although I note that he has been very quiet these last few weeks.
Well, I did buy a few on the same day, but I was unaware of the concurrent CRY purchase. Given that Mr. Bernstein probably has superior knowledge, I'm content with my decision.
Apoligies if this is already mentioned somewhere below and had slipped under my radar.
On 11th Dec., CRY increased their holding from 4.81% to 5.03% Looks like Mr. Bernstein paid about 30p. Presumably he reckons that is near the bottom and that the stock is oversold.
Appointment of Non-Executive Director
Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, announces the appointment of Ms Beverley Smith as a non-executive director of the Company with immediate effect.
Ms Smith is a chartered geologist and an accomplished business leader with 30 years' experience in the upstream oil and gas sector. During a successful international career with BG Group, she delivered a portfolio of strategic, commercial, project and people leadership achievements, most recently as Vice President Exploration & Growth for Europe. Ms Smith has a proven track record of strengthening risk management capabilities, delivering improved safety frameworks and ensuring accountability and transparency through the implementation of robust processes and controls. Her work in the voluntary sector includes involvement with the Petroleum Exploration Society of Great Britain, where she will be President of the 2020 Executive Council, and as a Trustee for the Etches Collection at the Kimmeridge Trust.
Following Ms Smith's appointment, half of Hurricane's board of directors (excluding the chairman) are independent non-executive directors, in compliance with the Financial Reporting Council's UK Corporate Governance Code 2018
My take on this is that it paves the way for a full listing. Bad news for the rampers / derampers on here, but good news for the long term PIs.
Well if you're planning on holding for the long term, I'd recommend a more thorough approach to your research! I hold (a lot) and therefore read everything. I continue to hold.
EV,
The Spelling and Grammar Police are taking a day off for Christmas shopping today, so I'm providing standby cover.
You need to mug up on your plurals and use of apostrophes. (Are you by any chance a greengrocer?)
Go to the bottom of the class.
OK I'll bite.
You need to read the information helpfully and clearly provided on the company website.
Production is ahead of schedule. I'm not going to explain the detail, you should read it for yourself if you can be bothered to.