Any mug with half a brain could see what was going to happen after an offload, positive II comments, a positive change to trade relations and some sort of progress on Brexit. Hardly the deathly hallows now was it?
anyway it was a bonny graph showing exact correlation between HUR and Brent particularly since the 22nd of September they track each other precisely. search for Marketscreener; type in HUR; select chart; select comparison chart; enter Brent and see for yourselves.
RE: Bonds can destroy oil companies - Is this xcite energy all over again03 Oct 2019 09:36
Trigger - there is a big difference between Xcite (XEL) and HUR and that is XEL had no revenue and couldn’t service the bond interest repayments and the company ended up in the bond holders hands. They also did not have any infrastructure, only expensive FEED studies and large overheads.
HUR on the other hand has an FPSO producing 14 boepd to date.