Member Info for NeverSayNever1

IMO this week presents a unique and very rewarding buying opportunity; I have certainly added/bought the HUR dip here, and now look forward to substantial gains overtime.

Leaks or even an RNS by the AGM would do the trick nicely! Otherwise, crude is doing fine, and OPEC+ also seem to be getting their act right this time round.

Next week should be interesting.

If not already at the bottom, we should be very close, certainly feels like a great time to buy/top up here IMHO.

Not sure if they'll change the date of the AGM but it should be interesting and positive for the SP.

With Russia and Saudi Prince now Pledging Coordination Ahead of the next OPEC+ Meeting (unlike the last one), and global opening in progress, Oil prices should rise much further from here:

https://www.bloomberg.com/news/articles/2020-05-27/putin-saudi-prince-pledge-coordination-ahead-of-opec-meeting

With Russia and Saudi Prince now Pledging Coordination Ahead of the next OPEC+ Meeting (unlike the last one), and global opening in progress, Oil prices should rise much further from here:

https://www.bloomberg.com/news/articles/2020-05-27/putin-saudi-prince-pledge-coordination-ahead-of-opec-meeting

Overall trend is somehow always down, decent momentum is needed to breakout from these levels.

Natural Gas also up, Monday should be a good day here, have a great weekend everyone.

Absolutely, Brent & WTI both up ~5%. As demand grows, it will take time to recover lost production and as a result, O&G prices may soar, HUR SP IMO is currently so undervalued that regardless of near term Oil price fluctuations, we should see massive upsides going forward.

I expect we'll see a nice jump here next week and onward rises from there, oil demand is increasing while global supply slowly decreasing, and needless to say, GKP is currently trading much below fair value in my opinion.

Tullow has plenty of downside risks whereas now with Hurricane, it's only massive upside potential from here with minimal downside IMO.

Lack of investment in the O&G industry since late 2014 will take a big toll overtime, as global lockdowns ease and demand returns, supply concerns will certainly arise overtime taking Oil prices up significantly from here IMO, oil demand will remain strong for many years to come whether we like it or not, And being currently much undervalued, HUR SP will sooner than most can imagine, shine even much brighter than black or yellow gold and regardless of oil price fluctuations due to it's enormously suppressed SP levels, IMHO.

@Genghis15, You inaccurately state here that "the SP is where it is today due to subsurface issues".
However please note, HUR problems appear not to be due to subsurface or facilities performance - simply due to the specific issues related to the company having two wells producing in such close proximity.

HUR SP is now clearly well oversold based on fundamentals, PT for me is 25.00 by year end IMO.
GLA

IMHO, we should see positive SP movement by and post the AGM, HUR is fundamentally very well positioned and I would not at all be surprised if we see massive moves back up a lot sooner than most currently expect, particularly if Brent also moves in the right direction with easing of lockdown rules, and no reason to not reach RBC PT of 25.00 by year end, again IMHO.

ROCKETVI, Perhaps some good news may come out of the AGM next week, I also topped up/added on the drop, could be good time to be brave on such low valuations IMO.

Fully agree with points raised, and also clearly see enormous upsides here ahead in HUR, now simply a matter of time.

AAL is also certainly my top pic in the mining sector, great company, very resourceful, efficient, well managed, and further more IMHO, currently much undervalued:

https://www.sharecast.com/news/broker-recommendations/jp-morgan-reiterates-bhp-and-anglo-american-as-its-top-picks-in-european-mining--7503440.html

ABF is a very well diversified company and apart from Primark, has many many many additional businesses that are running/performing as normal (if not better in most of the food related businesses); as highlighted by others here, ABF has an excellent balance sheet which will additionally help place Primark in a prime position post lockdown period which has already begun in some countries.