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Also feel very confident that we will cross the 5p mark by the close of the day, 5p is an absurdly low valuation for HUR, and personally, can see HUR SP trading here well in double figures by this January in my opinion.
GLA

Rather compelling to note here that based on "Simply Wall Street Fair Value" calculations, difference in SP between HUR (price set at 13p but currently trading just under 5p) and TLW (set at 15p but currently trading just above 32p), hence, if this gap was to start closing based on these estimates, HUR SP has truly enormous gains ahead from here onward.

As mentioned before, there has only been minimal investment in the O&G industry since the late 2014 price drops and this has been particularly evident in exploration, where this fact has subsequently been further exacerbate by the start of the Covid-19 pandemic. Therefore now with forced production cuts by OPEC+ and US Shale producers both in place at a time that demand is just beginning to pick up, will lead to irreversible market imbalance eventually leading to major supply shortages, and subsequent price rises which could be very significant going forward, hence IMHO, much higher oil prices are now just around the corner.

Let's see if we can cross 5p mark in late afternoon trading today, we made 4.50p earlier in the day, overall, looks like it should be a fantastic week ahead here.

This has a long, long, long.....way to go north in order to even get close to a fair market cap/valuation here I believe, HUR catch up has not yet even started.

Anyone buying HUR in single figures (and particularly under 7p) is eventually going to make a killing here, so must also agree that whoever buys here in sufficient quantities at these levels will eventually become a millionaire (in not already) in less than 18 months, IMHO.

SP manipulations are always a good sign when shorts want to close positions IMO, so don't fall for MM games here while this may be ongoing.

Perhaps an opportune moment to top up here prior to upcoming and potentially SP positive updates, and certainly not a time to sell for beer money at these stupid levels.

Quincy29, good to know your opinion, however, not only the global macroeconomics is now looking very different, particularly, with the POO about to commence a bull run here but also IMO, and with the incoming of the new guard at HUR, company valuation has subsequently been kitchen sinked to the max, and ready the new guard; HUR assets/licenses cover an incredibly prolific region, companies finances are in much better position than many peers (including massive potential tax credits for future utilisation, and HUR has cash in the bank unlike many peers at present), upside potential on reserves (including future exploration potential, JV potential and of course M&A bid/takeover with possibly very juicy premiums), all provide massive upside here with the right forward plan which the new team seem to be diligently progressing while the SP has remained strangely at extremely low valuations, IMHO.

Plenty of updates ahead here, much undervalued HUR should be in double figures by the year end, regardless of traders/profit takers, and many LTHs are looking to recoup some of their losses, good luck to them all.

As compared to peers, HUR market capitalisation TODAY should be in the 12-14p range SP minimum, truly massive upsides here ahead in my opinion.

All signs are extremely bullish in the now way too oversold HUR, and just awaiting few updates here for a massive, long delayed breakout rally to commence, personally, I see 7p+ by Jan, and 10p+ by end of Q1 2021, all IMOO.

On the way to 4p+ today, HUR is undoubtedly far too undervalued, and IMO, has most potential upside here as compared to peers at the moment.

The significant Oil Price drop of Q4 2014 onwards (and the subsequent underinvestment in Exploration since) was only as a direct result of the massive increase in US Shale production, Iran at it's peak was producing 3.9M bpd of which more than 2M bpd is used for domestic energy consumption. Even if Iran production/exports are allowed to return to global markets post a renewed JCPOA by incoming Biden administration (and that's a big if with Trump administrations recently imposing further obstacles in place for this purpose, and Iran Presidential elections which are not for another 8 months and are likely to prevent any potential negotiations in H1 2021 at least), Iran's underinvested aging fields can at first only provide few hundred thousand additional bpd (and likely only from 2022 onward at best), whereas as GS this time smartly stated "A Biden administration could provide a further boost to oil prices by making production — especially for shale — more expensive and more regulated".

Hence, any eventual additional barrels coming out of Iran (2022 onward) will by far be outweighed by potential drops in US Shale Production, and IMOO, Oil is on the way up, and big time post the Pandemic, DYOR.

Good luck brave man, and Monday here should be even better.

HUR is starting to gain momentum here as we get closer to company forward plan updates, and breakout from these levels is now certainly looking imminent IMO.

HUR is by far the most undervalued/oversold share in the FTSE today, IMHO, it cannot last at these strangely low levels here for much longer.

"A Major Oil Rally Could Be On The Horizon", and massively oversold HUR is IMO, now very well positioned to reap relating benefits going forward:

https://oilprice.com/Energy/Crude-Oil/A-Major-Oil-Rally-Could-Be-On-The-Horizon.html

A lot sooner than some people currently expect, anything not in double figures minimum today is a joke of a MC for HUR IMO.

Fully concur, best place to be in O&G share today if you are patient for the potential massive gains going forward.