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Hi all
Looks like I did arrive just before the sweet spot ,already in the blue.
Financials look good with Free Cash Flow (TTM) of £73.268M
The SP should rocket on Monday !
GLA
StarKnight
Financial Update
In addition to the charter extension, the Company has negotiated with BP Oil International, the purchaser of its crude oil, a facility that will allow for cash to be advanced ahead of a lifting. This provides the ability to create more frequent cash receipts and assist with the Company's working capital. The facility incurs a financing fee that is only payable if the Company uses it.
Antony Maris, Chief Executive Officer of Hurricane, commented:
"Securing the extension to the FPSO contract is an important next step forward. It was key we found a mutually acceptable deal that will enable the Company to continue production beyond repayment of the bond. Based on the current oil price and field performance predictions we forecast this to be at least 18 months from 4 June 2022.
With production continuing in line with our projections, good uptime performance on the FPSO and assuming oil prices are in the range $90-110/bbl, we believe that post clearing our bond debt and after funding the Bluewater secured deposit account,
Hurricane will have between $50-80 million of net free cash at the end of July 2022.
This is an important moment for the Company. Against the backdrop of our demonstrable operational track record, financial discipline and the significant rise in oil prices, we are preparing Hurricane for the future. The UK Government's renewed emphasis on security of supply is welcome. We are working hard to identify how best to optimise capital allocation in future activities to build further value for our shareholders, whether through further investment in our existing portfolio, or in new opportunities in the UK oil and gas sector, or both."
Fill Yer Boots This is going to be HUGE !!
GLA
StarKnight
Hi all
Someone just sold 130,000 shares at 1.608p I bet they thought the SP was or around the 19p mark ! OUCH !!
BB
Yes we all need some happiness espaecially the poor souls in Ukraine
Slava Ukrayini ! (Glory to Ukraine!)
StarKnight
Thank you Cat5
Well hopefully you are right on the sweet spot. Sorry to hear you are waiting to break even,most of my portfolio apart from two are vastly in negative equity so this will be a refreshing change to see some blue in my portfolio which I am already seeing with Hurricane.
StarKnight
Hi Cat5 thanks for your reply, luckilly i am not of a nervous disposition so all set for the ride !
GLA
StarKnight
Hi Bluebell
I did not have my reading glasses on and saw you text it looked like Clowns trial commences hah hah hah hah
GLA
StarKnight
Hello all
I have just recently joined the fold and I like what I see in Hurricane Energy.
DYOR yes I have done but there is always something you miss ! I s there any skeletons lurking in the Hurricane waiting to turn into a slight breeze and spoil the fun ?
Answers greatly appreciated
StarKnight
Hi all
Beware the MM's are up to dirty rticks ! the SP is at 9.55p but the spread is HUGE !!!!
9.55 +3.25 +144.44%
12:51:59 - Real-time Data. Currency in GBP ( Disclaimer )
Volume: 101,700
Bid : 1.00 p
Ask : 10.00 p
This is outrageous !!!
StarKnight
The MM's are playing STUPIDLY the spread is BUY at 10p SELL at 1p What the Phuck is going on ?
@Dreamchaser
This direct from Accustem website under Investors Questions
You, together with your broker, should contact Philadelphia Stock Transfer with any questions on transferring your shares. You can contact PST by:
Calling: +1 (866) 223-0448 (US, Canada, Puerto Rico) or +1 (484) 416-3124 (non-US);
Emailing: info@philadelphiastocktransfer.com or
Writing to: Philadelphia Stock Transfer, 2320 Haverford Road, Suite 230, Ardmore, PA 19003, USA
The website for PST is: www.philadelphiastocktransfer.com
Good Luck All
StarKnight
@Dreamchaser
My broker AJ Bell You Invest has had Accustem shares listed in accounts ever since I demanded to know whether they could trade them from the day we heard about the move to Nasdaq which they had not got a clue ! The heads up nod must have worked as they have been showing in my account for a while now although $0 value.
I don't know about the share certificate but if you give them a call see what they say ask for Dealing Services
AJ Bell Telephone
Call our customer services team on, 0345 54 32 600.
Opening hours - 8am to 7pm Monday to Friday. 10am to 2pm Saturday.
https://www.youinvest.co.uk/
Good Luck
StarKnight
Hi all
ACMSY has been removed from the OTC market see link to Google Finance
https://www.google.com/finance/quote/ACMSY:OTCMKTS
Since the new CEO has arrived she really is making fast progress ! we are now another step closer to full NASDAQ listing !
Good Luck All
StarKnight
Hello all
There is new information for shareholders on what to do with Accustem shares it is at the bottom of this link
https://accustem.com/investors/
Good Luck All
StarKnight
Hello all
Level 2 is looking really great ! over 12 million volume today plenty of liquidity and the spread fair so we should move up even higher tha sp currenty 6.49p on todays excellent news !
Hold on for the ride this is gonna blow !
Good Luck All
StarKnight
dj,seaman
Excellent posts, well researched. We are way undervalued and currently have an upside of +40.26 % so your predictions of 50p are very accurate.
Yes year 2022 will be really good for us as we have so much more potential.
Exciting times ahead by far the best stock in my portfolio
StarKnight
Hello all
With the last day of trading being this Friday 26th March I would of thought the SP should be a lot higher than it is now !
StarKnight
Hello all
Level 2 looking really great ! Lots of large BUYS going through !
SP rising we are moving higher and should have a good day today
Good Luck All
StarKnight
Cb1977
Thanks good post, roll on 2 weeks !
StarKnight
CX300 Covid-19 testing plus isolation ! and masks !