Member Info for RG27

Though a sell would be gratefully received.

I'm not selling however.

Shell could offer 40p a share for Hurricane Energy to grab a producing oiler in the West of Shetland.

I'd vote in favour of that.

Though I have to declare an interest :)

For those who wish to track the Petronordic
https://www.vesselfinder.com/vessels/MT-PETRONORDIC-IMO-9233806-MMSI-311502000

Hamm,

I have a number of positions with a variety of equities, some are long term, most with companies that have a record of producing regular and stable dividends, others are more on the value side and then there are a number in which I hold some interesting quantities that are somewhat akin to trips to the casino or the racetrack, potential winners, but just as likely to be losers.
Matad is one of those, it's a bet with money that whilst I wouldn't be ecstatic in losing, would not be a problem. I'm also in Hurricane as an LTH, like Matad, I bought in fairly high and topped up whenever the price dropped. Matad is currently losing me about 16%, Hurricane on the other hand, at today's price, gives me a 130% profit. I hope that Matad will eventually do the same. If it does get to that percentage and with my holdings I'll be able to buy that Bentley Bentayga I fancy (second hand of course)

LONDON, March 14 (Reuters) - British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.

"The Prime Minister and CEOs discussed increasing investment in the North Sea oil and gas industry and boosting supply of domestic gas. This included how the UK can remove barriers facing investors and developers, and help projects come online more quickly", the statement said.

The statement comes as western countries cut their exposure to Russian oil and gas supply after Moscow invaded Ukraine last month. London-listed oil major Shell stopped buying Russian crude last week, while BP abandoned its stake in Russian oil giant Rosneft. (Reporting by Muvija M; Editing by Kate Holton)

Further investment in the North Sea being discussed.

LONDON, March 14 (Reuters) - British Prime Minister Boris Johnson and the bosses of offshore oil and gas companies discussed ramping up investment in the North Sea and boosting supply of domestic gas in a meeting on Monday, a Downing Street spokesperson said.

"The Prime Minister and CEOs discussed increasing investment in the North Sea oil and gas industry and boosting supply of domestic gas. This included how the UK can remove barriers facing investors and developers, and help projects come online more quickly", the statement said.

The statement comes as western countries cut their exposure to Russian oil and gas supply after Moscow invaded Ukraine last month. London-listed oil major Shell stopped buying Russian crude last week, while BP abandoned its stake in Russian oil giant Rosneft. (Reporting by Muvija M; Editing by Kate Holton)

If you try to understand the logic behind brokers' recommendations you're going to get a sore head.

So true. Just look at the previous 12 months recommendations. A successful prediction of 0%.

Though I think your assessment of brokers methodology is a little too lenient.

Onthebeach....
“Today with high inflation (or now possibly even stagflation) forecasted ahead, only safe haven here are the commodities, and within the commodities, O&G companies look the best bet at present, and then from these levels, my favourite of them all is undoubtedly a now very much expected totally debt free Hurricane Energy which will truly propel with incoming updates as the year progresses.“

Ditto.

Oil is very good and as a LTH on Hurricane with an average unit price of 3.97p the 125% gain is extremely welcome, however I'm also a LTH in other commodities and at the moment my Glencore holdings are showing almost 900%, pity I didn't have the initial investment of £30,000 approx that went into Hurricane.

Morganna1: Although I usually try to avoid SP forecasts, however decided to give it a go here today:

3 months - 19p
6 months - 26p
12 months - 33p
18-24 months - 49p
Always DYOR.

Would the following forecast influence your estimates?

"Russia currently exports approximately 4.5 million barrels of crude. If exports were cut in half, prices would likely remain elevated in the short to medium-term around current levels, even if the US and other nations release oil from their strategic reserves. However, if the crisis gets worse and Europe imposes sanctions on Russian oil with no response from OPEC members, expect prices to jump above $200."

I believe BP's choice is first or last days of the month of the offload. So not last of one month and first of next month.

Sense,
I'd suggest that the Do not sell mantra should apply to most shares.

When things calm down there will be a big bounce across the board, if they don't calm down and we find ourselves in a nuclear confrontation with Putin, then the price of the majority of equities (well perhaps only 99%) won't be of all that much interest.

I've just watched my screens showing a blanket of blinking red, though with the exception of two small stakes I have in some funds.

Of the 30 or so positions on equities and funds I have I must admit I'm now considering which are the most likely to have a larger than expected bounce should we not be all irradiated in the next month. I'm nowhere near good enough to judge the bottom but it's probably getting close to a few top ups.

And to all those that have considered some support for Ukraine and have been fortunate to be still making fairly interesting profits on Hurricane why not cash in percentage and donate to their aid.

Sense. DO NOT SELL - DO NOT SELL - DO NOT SELL

Morning Sense, are you advising sh's not to sell by any chance as I get a vague impression that you may be in favour of people holding onto their stock!

Pang.
First and only purchased these in sept 2015 at £1 have ridden the highs and lows but if it hits £5 or drops to near £4.50 it is time for me to move on.

Well done. I did much the same with an average of 94.85p, now showing a profit percentage of around 900%.

I may top slice at 500p but will keep a few as I think it may add a further 5-10% on top

jakeK.
Or even misremembered. Clearly not with it today.

If only I were to be as lucky. Inh my case it tends to be not with most days.

In July 2017, Hurricane issued US$230,000,000 in 7.5% convertible bonds due 2022 (“Convertible Bond”). The Convertible Bond was issued at par and carries a coupon of 7.5%, payable quarterly in arrears. The Convertible Bond is convertible into fully paid Ordinary Shares with the initial conversion price set at $0.52, representing a 25% premium above the placing price of the concurrent equity placement, being £0.32 (converted into US dollars at USD/GBP 1.30). Unless previously converted, redeemed or purchased and cancelled, the Convertible Bond will be redeemed at par on 24 July 2022. The Convertible Bond was admitted to the Official List of International Stock Exchange in September 2017.

The Hurricane bonds are convertible I believe.

https://www.investopedia.com/terms/c/convertiblebond.asp

I would think it would depend on the type of bond. It could be possible if it is a retractable or putable bond.

Bigbench ... My entire monitor screen is RED.... we will look back in a few months and kick ourselves for not loading up at this silly 4.3p

Same here with the exception of my Hurricane shares that have shown a rather pleasant £9,008 increase today.

Otherwise the remainder of my screen is flashing red and very pretty it looks.

It will sort itself out in time so just hand on and don't panic, well not too much.

As others have found can't get a quote for a purchase on any sensible quantity, did get a price of 7.58 for 10,000

Badger

That pillock Bartleboton has gone awfully quiet...

He's too busy buying.