Member Info for Transformer1977

Interesting:
http://storage.googleapis.com/crystalamber-com.appspot.com/_downloads/monthly-net-asset-value-2020-10-19.pdf

"Imagine comparing a company that has world class production assets and world class exploration assets to a company that has a downgraded asset with one prolific (but declining) well."

And let's not forget here (or avoid to mention) TLW's massive debt or even worse, negative shareholder equity (as current liabilities well exceed it's assets)! HUR has decent production, has cash in the bank with assets exceeding it's short term liabilities, not to mention the huge tax credits to utilise accordingly.

Interestingly, analysts at "Simply Wall Street" currently have HUR "Fair Value" set at £0.11 and TLW "Fair Value" now set at £0.10 (it was 0.11 earlier, relating links here below FYI) which represents massive upside potential here in the HUR SP at present, DYOR:

https://simplywall.st/stocks/gb/energy/aim-hur/hurricane-energy-shares#valuation

https://simplywall.st/stocks/gb/energy/lse-tlw/tullow-oil-shares#valuation

All FTSE is down big time today and drop is certainly not oil related, with Oil Inventories dropping by 5.4 million barrels last week (API), Brent has momentum and HUR is nicely producing. These levels here will prove to be grand bargain prices overtime, IMO.

Looks like you only see what you want to see, IMO looking at trades, we should finish blue today, hope I am right again this time, not long to find out.

HUR SP now blue and gaining momentum, way too undervalued at present IMHO.

Bartlebobton, You are welcome and thank you for providing the 9-5 comic relief here, and also wonder why is it that if instead of my ~15p takeover price prediction, I had called a doomsday SP prediction here instead, then you would have remained very very silent as I have noted you do on such ocassions??

HUR will easily go ~15p+ minimum in any potential bid this year IMO, and needless to say, lot higher if later but odds currently favour a takeover this year while prices remain depressed.

DarkEnergy, Noted, thanks for the prompt reply.

@DarkEnergy, A question here, slightly earlier today you stated that "I do have 200k shares bought at 2.95p" and now you are stating that "it's no secret I think this is going to 0.5p or less", then why don't you sell your HUR ASAP? And now you are also strangely stating here "I scraped some cash together and bought in EUA, so far astonishingly lucky", is this your cunning plan to ramp EUA here?

"Hannam updated
Our risked NAV is 10p/sh (US$35/bbl Brent in 2020 and US$60/bbl flat long term; 10% discount rate). Our core NAV only includes the value for the 2P reserves (worth 10p/sh risked) and including the liabilities gives a core NAV of 2p/sh. Even with the heavily downgraded contingent resources, we have a value of 40p/sh unrisked for the 2C resource, which on a risked basis is worth 8p/sh."

Brent Surging.
"Norway oil strike outage to hit 966,000 boed next week, industry says":

https://www.reuters.com/article/uk-norway-oil-industry-outages/norway-oil-strike-outage-to-hit-966000-boed-next-week-industry-says-idUKKBN26T1NG

I second that.

Pedrob, Then why are you here early this morning doing your very best at de-ramping.

Was thinking exactly the same, new much more proactive and upbeat management now in HUR, and with a very solid update here today, everyone understands that we are trading way below a fair market cap here but HUR low ball valuations simply mean that now the upside potential from these levels is going to be really huge. Yesterdays drop was totally unwarranted and we should now play major catch up north here moving forward.

Fully agree, HUR at these levels is certainly a "Sleeping Giant" and with even a whiff of positive news will significantly rally from current extremely suppressed valuations, truly massive upsides to gain in the medium to longer term IMO.

O&G M&A activity will only further increase from here onward gaining much additional momentum in short to medium term.

Could possibly break 3.5p mark in any potential surge towards the close today.

Typical kitchen sinking conducted to position new incoming CEO, bod will now have to tread very carefully until concrete news is available to annouce.

PMO has enormous debts including massive Short Term Liabilities whereas HUR has decent cash in the bank, No Short Term Liabilities, and massive Tax Credits to utilise, if HUR was approached in a bid, IMHO it would be in double figures.