Member Info for SageOfOmagh

Effing bouncing adverts....shares remain an absolute steal.

The recommended offer from Foresight for HEIT announced this morning at within 10% of their asset value gives huge confidence in the validity of the discounted cashflow mechanism and that the market has clearly got it wrong in discounting GRID so heavily. A bit of a bounce today on the back of that news but these sha

To the tone of the HEIT update this morning. Both companies operate in exactly the same arena and HEIT reckon revenue for Apr to date is 58% higher than it was in January

ESO published this yesterday: "https://www.nationalgrideso.com/news/new-balancing-reserve-service-goes-live-reduce-balancing-costs-and-improve-system-security"

Confirms go-live for Balancing Reserve. I thought the wave of selling might be down to a delay but apparently not.

So much for setting the bar low this year so expectations could be exceeded....DB's only talent is limbo dancing.

Mine too. Just topped up. Can see a rapid recovery as tensions dissipate and hoping drill results in Ireland can lift sentiment as well. I like the look of those assets and even took a small slice of CGNR on the back of them.

@Alwaysone: I had a look at GGP - you've certainly had a great run there but I'm not tempted. Can't work out why SHG is not worth 5 times GGP rather than the other way around. Looks massively overvalued.

What do they want? The bonds to be repaid. No problem with that. What else? with RT ousted and a new CEO in place I suspect a VC backed (raed Kerogen) MBOis on the cards at a small premium over a deliberately trashed SP. After which the lost oil is suddenly rediscovered.
Or this turd of an RNS is the truth. Either way PIs are screwed. I' m out.

Surprised at the muted response to these results but happy to get the chance of another top up at 17p. Think 50p is a realistic target within a year or two. Once the forward selling commitment has cleared we should be clearing $80m EBITDA from existing operations with massive reserve increases to come.

Very bullish.
I cannae hold her capt'n...she's gonna blow.

You just got there before me Bransonbull. So we'll have the trolls for a while longer. On the plus side they now need to buy 60million shares between them to exit.....could be one hell of a short squeeze.

Mathe-hahaha - double up or quits? 6.5p resistance your last chance of an exit before serious burns.

CB coupons are paid in cash-they clearly appear in the cash flow statement. Also if they were settled by equity raise we would see the shares in issue rise each quarter but this remains fixed since the raise to fund EPS. Someone deliberately sowing misinformation here.

Stu, HUR finances it's loan interest from operating cash flow not some death spiral equity raising. I do though agree share buybacks would be helpful in putting a floor under the SP and prevent market manipulation.

Slift
All oil is from Lancaster field which is 100% owned by HUR so no contributions to any third parties.
And the cash cost of production was only $21.80 per barrel for 2019 with 12,900 barrels per day and $17 per barrel in April when running at 18,000 bopd. So you must be including non cash costs to get anywhere near $164M. The CBS coupon and G&A costs will come to less than $25M.

Based on 15k bopd, 43$ Brent and 18$ cash cost per barrel with 95% uptime operating Cashflow is $2.5M per week.

I would ensure the next AGM includes a motion to allow he company to purchase and cancel up to 15% of its share capital. Then hoover up millions of shares at next to nothing while sellers remain at sub 15p. Providing 15,000+ bopd can be maintained and Brent doesn't dive again HUR will have sufficient to pay back the loan, fund Linc commitment well and Lancaster 8 with plenty of cash left over. I would also put my hand in my pocket and buy at least a million shares.

A gentleman he may be but he is certainly no businessman. I'm with JAdam on that. I think one of his many mistakes was drilling 2 holes virtually a cruiseliner's length apart. And then being surprised when trying to suck 20,000 bbl/day out of them that they interfere with each other. That's what led to his ultimate downfall. These things are always easy to point out with the benefit of hindsight but it was a schoolboy error for a supposedly eminent geologist. Imho.

RR spiked down to 258.45p around 14:45 on Friday not that any could be bought below 263p after the stops were hoovered up. So the chartists were actually pretty much bang on on this occasion. I'm generally quite sceptical and base my investments on fundamentals but each to their own. It definitely works for some.

Steady on mate, he was only voicing a bit of the frustration most of us LTH's feel.