Member Info for NeverSayNever1

Who knows, maybe a late rally along with a very blue finish here today after all, GLA.

Slowly but surely gaining momentum, should end up being a good week but very long way to go towards fair value here for HUR, and looking forward to the next positive RNS soon.

I want 20p+ here but guess that could be the price target for next year, patience is certainly a virtue for HUR in days, months, and even years ahead.

This week is a great opportunity/time to top up here, move north from these extremely low levels could be very fast & furious IMO.

I second that absolutely, and good posts.

Fully agree, HUR is now undoubtedly one the most (if not the most) oversold/undervalued O&G share trading in the UK markets at present, and upside potential here based on various plausible scenarios is truly enormous in my opinion.

Extracts from The Mail on Sunday today, 27 Sep 2020 :
"investor Richard Bernstein, the brains behind the Crystal Amber fund, set tongues wagging last week when he raised his stake in the embattled North Sea oil and gas firm Hurricane Energy to nearly 11 per cent.

Briefly worth more than £1 billion in 2017, the AIM-listed company has seen its shares tank this year after its oilfields off the Shetland Islands suffered a series of downgrades.

Bernstein tells me he believes the ‘doom scenario is overdone’ and thinks there may still be recoverable reserves worth far more than Hurricane’s current £55 million market value."

Planning more of same, risk reward here is now looking extremely favourable IMHO.

Should receive some form update here before the end of the month.

Planning to top up here today, and do agree that risk reward is now looking extremely favourable in Hurricane.

Positive and very fast moving dynamics here, let's see what the MMs have in store for us today! Or, maybe another RNS?

HUR SP will IMO be in double figures sooner than some may currently expect, we are trading way under fair value here and this is clearly beginning to get realized, shorts will close and bids will increase accordingly.

CA are activist investors and with a large stake of now Circa 11% in HUR (and still possibly growing) they clearly have a longer term plan, if they wanted to simply trade here in todays volatile market which is ideal for trading, then why add on an already large stake in HUR with it's current wide spread that makes short term trading here rather uncomfortable in my humble opinion. Looks like they are here for at least medium to long term and with a plan I believe, and good luck all LTH.

A very poor overall markets day, hence great opportunity to top up/add here on Hurricane Energy while these very suppressed HUR SP levels last as IMO, it won't for much longer, clearly we are currently way too oversold.

Hopefully we will get decent breakout from these crazy low levels within the next few days here.

Oil prices are just starting to gain momentum here with crude rally only about to begin, fundamentals now much favour oil prices going forward.

Analysts at "Simply Wall Street" currently have Hurricane Energy "Fair Value" at £0.11, highlighting the massive upside potential here, make of it what you will:

https://simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares#valuation

Potential here for reserves upgrades, improved new management/efficiency, and likely higher crude oil prices ahead from present low levels is very attractive for potential investors, particularly at these very much below fair value SP levels and likely reason why CA decided to also significantly increase their stake in HUR which IMO is one of the best places to be going forward.
GLA

It certainly feels like it's going to breakout from these nonsense levels, whether it needs an unexpected update or not, I also feel that a major breakout to the upside is very close here, time will tell for sure.
GLA

HUR undervaluation/market cap today makes absolutely zero sense, SP here will IMO reach 7p+ in a very very short period of time.