Member Info for NeverSayNever1

Nevertheless the window seems to be slowly but surely closing, and fast by the look of things, IMHO.

Genghis, What I can tell you since you asked is that if I was preparing a bid price for HUR based on facts and fundamentals available today, I would certainly not put in even an initial bid price at anything below ~20p as I would be certain that it would not fly with HUR BOD IMHO, HUR assets even post any potential resource downgrade are worth a lot lot more than today's pittance of a valuation/SP in my opinion, DYOR.

We have been way way too oversold and IMHO, high teens are on the way here in HUR much sooner than many may currently expect.
GLA

"Oil Gains With Global Economic Data Pointing to Demand Recovery":
https://www.bloomberg.com/news/articles/2020-08-31/oil-stable-as-vaccine-progress-helps-dampen-demand-uncertainty

Completely agree on the Beverley/Interim CEO comments, and that current HUR SP purchase levels do represent a very unique and rewarding buying opportunity here which may not last for much longer.

Fully concur, HUR SP is a no-brainer "Strong Buy" at these and even higher levels, hefty returns await patient investors, and now is certainly time to remain brave here IMHO, DYOR.

Fully agree, and do strongly believe that Beverley will provide much much better updates than market currently expects (as represented by the now massively under priced HUR SP) by 11 September. Even post a potential downgrade, HUR assets will still be worth many times more than the SP represents today, and additionally, Brent will likely only move higher from current depressed levels as sentiment improves and normal activity resumes thereby, a supply demand imbalance appears as it seems inevitable today IMO.

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

HUR certainly is an "iconic brand" in the UK O&G industry, particularly as focused on naturally fractured basement reservoirs, and also looks like Tux is correct in stating that "Shorts Are Very Nervous Today" which is evident by the amount of nonsense negative posts they feel forced to write as they know today is key for changing sentiment here and breakout prior to 11 September has only just started when IMO, we'll then have a huge upward breakout here.

IMHO, at least 20+ within ~18 months MAX, time will tell for sure!

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

Also extremely confident in the long term prospects of Hurricane Energy along with the O&G industry, personally, can clearly see HUR SP going 20+ or even well back into the 30s within ~18 months max, also any potential future bidder will have to bid along those lines as minimum in order to get the bod/shareholders onboard IMO.

Good and very valid post, HUR "Fair Value" even considering a potential material resource downgrade is certainly very much higher than present well suppressed SP values which also do not take into account the production enhancement options for the Lancaster field that are currently under evaluation and results of which could be imminently announced. Clearly potential upside here is now truly massive with minimal downside risk from these unrealistically depressed levels.

HUR unrealistic and extreme low valuations CANNOT last, big correction is now well overdue and likely awaiting the slightest set of news flow.

Fully agree, and also IMO most accurate statement on this BB today; HUR current low ball valuations make absolutely no sense and hence, I expect a massive positive/upward move in coming weeks, particularly on even a whiff of any positive news flow.

"Asian oil demand almost back to pre-coronavirus levels: Aramco"
https://www.bloomberg.com/news/articles/2020-08-09/oil-rallies-in-asia-as-saudi-aramco-sees-recovery-in-demand

ironroughneck, By today, almost every possible pessimistic scenario is already well priced in the now very much undervalued HUR SP, hence with Brent also gaining positive momentum, potential massive upside here can no longer be easily ignored and even a whiff of positives now coming from the new Managment/BOD here will have the SP rocket up to fresh levels, time will only tell and IMHO, now is the time to buy in here for the long run as both crude and company prospects hopefully improve.

Added to my fairly substantial HUR holdings as based on all known facts/fundamentals today, I clearly see huge value and hence massive upside potential here with now minimal downside risks IMHO.
GLA

HUR Market Cap today makes no sense whatsoever, it will certainly not stay this low for much longer IMO, and I can clearly see 12+ here a lot sooner than most currently expect.

There has only been minimal investment in the O&G industry since the late 2014 major oil price drops particularly in exploration, and this fact has been further exacerbate since the start of the Covid-19 pandemic. Therefore now with forced production cuts by OPEC+ and US Shale producers at a time that demand is just starting to pick up will lead to irreversible market imbalance leading to supply shortages, and subsequent crude price rises which could be very significant, hence, much higher oil prices could just be around the corner, and HUR with it's truly outstanding assets and potential at unbelievably undervalued bargain prices will be the stock to own here going forward IMHO, and please DYOR.