How can our country create a sustainable industrial investment culture when people like us, investing in a company that is doing all it promised and making money, keep getting our potential profits extracted by the market? It doesn't bode well for the future as shorters, traders and hedge funds increasingly shape the market. Not good.
Interesting discussion on Lemon Fool's HUR page with a shorter laying out his/her thinking on HUR's recent movements. (10:44am, 11th July onwards) Worth reading.
Why do I care? Just bought back a few this morning to put in the bottom drawer. Couldn't stay out!
Just a note to say I'm ofski.
I want to thank all of you fellow HUR holders & posters here for sharing your views, experience, links, research, shaggy dog stories and doggerel. It's been good fun.
I've been finding the ups and downs of share watching too stressful and time consuming. It doesn't suit my temperament. I was a happy & ignorant "buy & hold" type of guy with my £3k worth of HUR, until I discovered BB's last summer. Too much information, much of it contradictory, large sums risked, playing on my mind, too many hours reading BB's, & blogs, fretting and neglecting my social life. Up's & downs. Stupid errors. Botched attempts at trading. Greed & fear.
It's been salutary. Learned a lot about myself & my many weaknesses. I've got out just about where I came in, so no harm done, but no riches either. I'm a bit uncomfortable investing in oil discovery tbh, although I'm pragmatic enough to know that we are all "invested in oil" in our society. I'm done with shares for now. Cashed them all in.
Best of luck to all of you all. Thank you for your company.
( PS: Can't help feeling there is a great novel waiting to be written from the stories shared on these pages; Adoubleuk sipping his French beer, Stetson on head, shod in hand-tooled cowboy boots, oil patch wisdom, sweepstake fundraisers for good causes, "I'm only a Driver", his tales of woe and dogged persistence, the arguments, snippets of private lives shared, Dr T's shed, the North Western Atlantic, ......all life is here)
RubenC. Re; DSPP value tables. Is this what you are after?
I'm just wondering what would people see as constituting"good news" at the upcoming CMD, 11th July?
Can we expect news about:
1) Lancaster EPS performance to date? Actual (daily?) numbers or just "performing as guided"?
2) Geological insights recently gained?
3) Less likely? Detail about Warwick Deep?
What would be on your "wish list" for positive news and positive actions resulting from the CMD?
Pete street: "On an aside I was anxious of no flare and constant selling but buoyed by Moonlanding. Why I trusted s complete stranger God knows. I guess I wanted to hear it. Wot a knob I am!"
Missdosh: "That makes two of us then!!! I'd actually sold out earlier in the week but after all these years of being invested in Hurricane FOMO kicked in and i bought them all back :(((( "
Commiserations both. Been caught out myself by both of those same mistakes. FOMO is a powerful force.
I was mulling things over this morning and came to a ( rather obvious) realisation: Us poor private investors are the only people who are actually investing their OWN cash here. The HUR BOD, trader RB of CA, Spirit & Bluewater senior staff etc etc are all on a wage and spending other people's money.
And yet we are at the very bottom of the food-chain when it comes to useful information. Seems a trifle unfair somehow.
Aduk: "even worse (had I got drunk), starting to talk about dry holes."
(Since we are after the 9pm "watershed") Reminds me of a crude German schoolboy joke:
Old man visits a cafe and, wanting just a a simple piece of plain toast says to the approaching waitress:
"No!" she replies outraged "squeaky shoes"
It only works in German where "slice" is a colloquial term for.......well, you can guess.
I've heard people on here say things like "all my tranches of HUR are now in profit".
Out of curiosity, do some of you have share dealing platforms which separate out each purchase of a particular share and give averages and profits for each "tranche" ? Or would you need to do this yourself on, say, Excel?
I strongly suspect I am just about "even" after 2 years + here. Maybe a couple of hundred quid up or down. Can't really be bothered doing the sums because its depressing information either way.
When people talk of "the reservoir got damaged" do they mean just the part where the drill entered the reservoir? Surely the whole reservoir would not be "damaged" or compromised by an area of collapsed rock & mud (or whatever) around the penetration point of the drill?
Just trying to better visualise what happens below ground.
Mrmisterfox: " Carmelite nuns... What are they btw?"
An order of nuns in Belgium who have been brewing (& selling) triple strength beer for a few hundred years. Just like the Belgian Trappist Monks who make all the lovely "Trappist Beers".
Aww fcuk, I'm exhausted trying to protect my capital with this share. This week had stop losses triggered and had to buy back at higher price. Many botched attempts at second guessing the market. I think I'm about 1.5% up (maybe, not done the sums) after 2 years of anxiety.
I'm resenting the time I've spent anxiously watching developments with HUR & the SP, and my missus is ****ed off with me too. I get that HUR BOD are not responsible for the SP or particularly interested or motivated by it. But given that we, and they, know that the SP drifts downwards on no news it would be helpful if they issued the odd progress report; even if it just said: "Hi. We are still here, working away, nothing has blown up and everything is cool".
So frustrating when I have so much confidence in the actual engineering project to have my pockets rifled on a regular basis.
Anyway... the sun shines, I've done my day's graft, my family are well and I've opened a nice beer, made for me by Carmelite nuns, to wash away the worries. Lots to be grateful for.
Daltry: "The volume traded here is pretty healthy. Not a good sign for the bulls. . I would prefer low volume."
A respectful suggestion from a less clued up investor; Could you avoid words like "healthy" or "poor" (you used that term the other day) to describe volumes. It's an empirical number, so relative terms like "high" or "low" would be more useful to readers of your posts rather than subjective words like "healthy". At nervous times like this it's good to avoid unecessary emotive terms. Thank you.
Ok, so many here clearly expect the CMD to have a positive effect on the SP.
But what exactly is the mechanism for this? Is it that we expect institutional investors to be persuaded to invest in large amounts of shares, thus pushing the price up? ( I thought I.I.'s couldn't buy AIM stock?)
Or is it that we expect a range of positive data about the EPS and WD DST to de-risk HUR in the eyes of the world and make us more valuable? Do we expect this particular rise to be any stickier than the others?
And who, or what, are "M&M"s ? ( I get Market Makers; MM's, but not M and M's)
Aduk: "Come pay me a visit, (you'll be welcome!) and I'll try to explain. But it'll take at least two days to scratch the surface, and lots of beer."
Thank you. Yeah that would be good. Two days of beer drinking/research. Can you get a grant for that?