Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
With the leading industry experts predicting oil to stay above $100 as the new normal, or to reach even $150 by year end, Hur is to put it simply going to be a cash generating machine with no debts to worry about. Sp of 15p by September.
Could just as easily hit 60p instead of 70p, far too much volatility unfortunately.
Currently the market cap is around £160m and Hur is debt free with at least £75-85m cash in the bank following the last uplift. With a producing asset of circa £40m at least 7 lifts per year. Despite today's nice rise we are still massively undervalued. It won't be long though as this will be heading towards fair value at 15p imminently on the forward plan. Buy out wise there's no way Hur will sell for anything less than 20p.
Sick of the daily rape of the sp. Dodgy forces at work. Following the positive RNS the sp drops 7%. WTF!
And the fecking incompetent John lyttle and his ****e team get millions of free shares and bonuses because?
MMs still playing their corrupt ways. Why this is not beyond 9p is astonishing. Potential windfall tax exposure is est. £5m, small change in overall scheme of things.
Well said Eurofil. Brent is back above $121 and this is definitely the time to be in oil stocks. I have an equal holding on both Hur and Tullow plc at 60k shares each. Plenty of upside in the near future.
Not sure why Rentboy9 is posting on here if he's not in any oil stocks, particularly Hur Energy plc? Go and get a day job Rentboy9. Haha good luck with your doom n gloom posts. What is it 10p a pop rentboy9.?
Don't want to jinx it, but Hur is currently the top performing oilier on LSE!!
Share price has risen nicely to 10.18 currently. Will we see 11.0p breached today or tomorrow?
PoO also has just breached $115 per barrel which is great news.
Share price is lagging PoO. We should see 12p this week. RNS coming soon following next lift. Lift price is set at avg PoO for 7 days preceding lift so we should certainly see an avg of €110.
Once the shorters reduce further we should see the end of the sp squeeze
MW now below 0.97% - that's very important.
Shorts overall 6.1% - the rest think they know what they doing but none carry the weight or experience of MW. They going to get seriously burnt.
I think we have finally seen the bottom and sp will now makes its way slowly back above £1.00
This is fantastic news on Hur.
Hur would make perfect acquisition for Harbour Energy Plc another North Sea producer. What do peeps think would be the likely bid once the bonds are repaid in July ($60m net cash following repayment envisaged!!).
I think Hur would command something around 20p-25p as an opening bid.
The above has been published by Proactive Investors Limited (the "Company") on its website - Jamie Ashcroft
10:01 Mon 02 May 2022.
[*Apologies if this has already been posted here ]
https://www.proactiveinvestors.co.uk/companies/news/980991/will-hurricane-energy-harbour-and-rest-of-north-sea-turn-recovery-into-a-real-resurgence-980991.html
Will Hurricane Energy, Harbour and rest of North Sea turn recovery into a real resurgence?
To put things into context the current market can for Hur is around 30% of the free cash it will have available in July 22 following repayment of the bonds.
From RNS - Net free cash of at least $60m projected following bond repayment, assuming production in line with guidance and oil prices of at least $90/bbl.
No way this is staying below 15p. There has to be a massive re-rating of sp to reflect the true mcap.
There's inevitably going to be an element of profit taking, but it'll bounce straight back up again.
I'm holding until 15p, no way am I missing out here.
Hur is the top performer on Aim this morning, now above 12% rise on yesterday's close of 9.27p.
Still an excellent buying opportunity with plenty of upside following a brilliant RNS.
HOPING for a 15p close by Friday
GLA
Beautiful 10% time on open
This is going to 15p
So glad I topped up earlier in the week
GLA
With the French presidency out of the way Europe will now look at a total ban on Russian oil, with an immediate impact on the Brent price rocketing to above $130.
We should see Hurricane hit new 52wk high in my view by the end of this week. Certainly 12p+ on 28th April.
(Daily mail article Sunday)
What a difference a year makes for AIM-listed oiler Hurricane Energy.
Last summer, the High Court rejected its debt restructuring plan, which had angered existing shareholders.
Since then, a buoyant oil price has left it looking well positioned to pay off $79 million (£61million) of outstanding bonds due in July.
Last week brought an upbeat production update on its Lancaster oil field, west of the Shetlands.
This week bosses will present a sunnier picture of its finances in its annual results.
With the newfound buzz around domestic energy security, investors may finally be tempted by Hurricane.