“Interesting reading and a very positive take on HUR going forward , thanks for sharing LD.
HUR currently up 3%+ so far along with Brent also up more than 1% today trading at $75+, and all looking very bullish going into Q4:”
Ditto, and HUR is looking good here today
“The new HUR BoD has started extremely well here and all in such a short time while taking over from the last incredibly disastrous very crooked now thankfully Ex-HUR BoD, give it time here and clearly undervalued HUR will be back in double figures way before some may currently expect.”
Ditto, and looking forward to updates from the new HUR BoD here going forward.
“The information from schlemiel and Goldenbadger is first class tonight .... read carefully
Throw in RagingBull2 and hey presto
"The bottom line
It seems the worst is finally over for this business. And with oil prices already exceeding pre-pandemic levels, I wouldn’t be surprised to see the financial performance of Hurricane Energy continue to improve throughout the remainder of 2021 and beyond.
The company still has numerous hurdles to overcome. And it remains exposed to the risks associated with fluctuating oil prices. But overall, the HUR share price does look like it’s primed to make a comeback, in my opinion " ......”
Ditto, and great positive read/article on HUR, looking very good here going into Q4, GLA.
“This new proactive Board is absolutely a breath of fresh air, HUR shareholders truly suffered here under the previous totally incompetent/do nothing and very much crooked BoD”
Ditto, thank you HUR Team, and looking forward to a massive positive re-rate here going forward.
“With Brent at $73+ and potentially still rising, along with new proactive HUR BoD now firmly in place, HUR SP is undoubtedly and clearly by far the most undervalued and currently strangely oversold share trading in the U.K. markets, please DYOR as this must surely be a 2021 and beyond Multibagger opportunity in the making”
Brent up again today and now closing in on $74:
When news comes up we go
With all the lies and deceptions of previous board
Who would partner us
But with the new board sky’s the limit”
“Patience is certainly a virtue, particularly when it comes to investing and IMHO with the new BoD now here, HUR SP will be back in double figures lot sooner than some may currently expect.”
“CA showed at Hearing (and Judgey accepted) that on corrupt HUR BoDs own figures. oil at $62 till July 22 (bond repayment date) would leave HUR shy of only $10-$20 mill of $230 mill bond debt sum. A deficit which HUR could borrow on open market in an instant (given 22 months further production value circa $300 mill still in ground post July22) so HUR safe as bug in a blanket all day long if POO at $62. already been 1-2 months hugely above $62 perspective, calm, patience, ignore the troll”
Ditto again, one of many key points for the final HUR judgment, and Brent now back up to ~$72 today.
“I believe that bridge loan, farmout, JV….etc. are all viable options that the new BoD is seriously looking at and is something that the old useless do nothing BoD unfortunately never bothered with and very much failed to review/investigate, expecting lots of positive updates here going forward.”
“Good list and fine points raised, HUR market cap today is somehow strangely close to Zero as if it’s vast WoS assets, licenses, extremely unique HUR IP, along with cash in bank, ongoing ops/logistics, tax credits …etc. are all worthless, don’t give away your shares for anything less than double figures here and filter the noise”
“Still fairly low volumes here today but agree on few “interesting” trades of the day; HUR has been accused of being a bit leaky on odd occasions so with all the potential updates pending here, it will be fascinating to see how the rest of the week/month unfolds.”
Ditto, low trading volumes along with a tiny MCap like that of HUR today, makes an easy target for any SP fluctuations and possible manipulations during day trades, and only longer term direction will persist/matter here I believe.
“He wasn't dangerous, and I doubt he was paid. He was probably just a sad attention seeking loner - socially inept that got the attention he obviously craved from those boards. He changed his moniker a couple of years back (some on here will remember him) and will likely do so again.
Those unfortunate, sad people are best ignored although those last few weeks when he posting sometimes 20+ times a day, enough people on here stopped feeling sorry for him and hit the report button. He will be back, either after a ban, or under a different name.”
Ditto Cebo-456, filter here is extremely useful ??
“The huge acreage that HUR assets/licenses currently cover (much of which is still unexplored/undeveloped), and as also evident per the IHS Markit maps of this particularly prolific area could provide massive forward opportunities for HUR, hence, there is high likelihood in the potential for further exploration success and productive drilling campaigns here, it is in the interest of both HUR bond holders and shareholders (major & minor) for HUR to succeed/thrive as a company in a potentially improving oil price environment where demand could far outweigh supply going forward (especially as some major bond holders here are also major shareholders). HUR also has fairly decent cash, enormous tax credits, and robust setup for future utilisation to make this extremely lowball, oversold, and suppressed SP a massive potential Multibagger longer term, patience here as in any investment will be key, all IMOO, please DYOR, and GLA.”
“Eventually we would pass 10p but for now we need to break resistance at 2.40p then the one at 2.70p
Once we break the resistance at 2.70p then we would be in 3p range instantly.”
"Expecting a stream of positive updates here (variety of open issues) from the new proactive HUR BoD in the coming days/weeks, and months ahead.”
“company news which I am currently anticipating on receiving here are potential positive updates on AM/FPSO contract renewal, various Farmout/JV possibilities, a bridge loan (possibility of which was never pursued by the previous useless board who never seriously reviewed new investment possibilities in today's liquidity abundant and ultra low rates environment), forward plans including possibility of any drilling campaigns along with the continuous production and logistical progress updates, potential BoD/Executive Team stock purchases here once any closed periods are over...................and even possibly news on a takeover/bid facilitated by CA!”
“And to add to your stated list here, how about eventually a new and truly independent “CPR on West of Shetland Assets” of HUR, especially since the one conducted by the previous board was motivated by a personal agenda (and greed).”
All interesting points raised here in this trail on potential BoD forward actions and relating forthcoming updates which are all very plausible, we need to note that HUR BoD is still relatively new and may require time to fix many of the unnecessary issues caused by the previous administration, and additionally, could currently be in various sensitive discussions/closed periods on which we will eventually be updated, more importantly noteworthy is that HUR now has a new team in place which fortunately has all the stakeholders interests at heart and will work diligently towards achieving them unlike the Ex-do called BoD.