Member Info for NeverSayNever1

HUR rally here is just about to start, SP is very much undervalued at the moment and I can easily see analysts coming up with valuations of 7-8p minimum in the coming days/weeks ahead IMO.

Personally confident that we will see 10p+ here again within ~1 year (or even much sooner if we get a bid), HUR SP has been artificially suppressed more than the norm here by algos, Shorts, and poor communication but that is now about to change and it is crystal clear that we are trading very much under fair value at present.

Every Court/Board must have it's Jester, welcome Happy! As for me, I plan to top up here during late afternoon, and good luck everyone in HUR.

Looks like Shorters are reducing, we should see big rises ahead this week.

Shorts have started to close positions, Polygon already confirmed down by 0.08%.

ken10, if looking at picking best bits from administrators (within oilers) then I would be looking at PMO or TLW but I am bullish on the oil price so I leave that for now. However as for HUR, it's currently producing with hedged production rates and still has decent future potential and only IMO, is slightly tight on resources which with right cost management initiatives and a slight pick up in crude prices will again become a fairly happy camper over time. Not sure who is the idiot is here at present but I leave that for time to decide.
GLA

Shorts will now undoubtedly continue to reduce their positions at every possible/suitable opportunity going forward.

A potential bid now will not be anything less than 20p here.

I concur, 5p is a very reasonable HUR PT by year end.

Good luck everyone, also holding tight here for Circa 5p+ by this year end.

Because they very well know that the bounce back up in HUR and Oil prices going forward will be fast and furious and IMHO, Shorts are now way too greedy here if they don't close/cash out today.

Massive volume, bound to start a major rally here at some point today.

I can certainly envisage Circa 5p here much sooner than many currently may imagine, good luck all.

As mentioned before, there has only been minimal investment in the O&G industry since the late 2014 price drops, 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 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 just around the corner.

Post Friday's horrific SP drop, a positive bounce of ~20%+ on Monday would not at all be unusual if going by stock market statistics, HUR drop on Friday was certainly way too overdone here IMO.

Good luck, and "brave when others are fearful".

This will bounce back, MC makes no sense today IMO.

Absolutely.

Looks like some smart/speedy investors have already bought big chunks of available shares today, and at this massive discount.

Going up now, slowly but surely on some huge buys.