Sorry to add to this particular thread but it really doesn't matter what the day to day price does to us long characters; we are here for the long term and we recall that HUR is still profitable at far less than the current price and the current price is far less than it will be once the EPS starts to lift the black gold.
You may have noticed that the navy is sending a considerable fraction of our navy i.e. a small warship, into far eastern waters; why on earth would they do that if there was no possibility of it being called to protect our shipping (or shipping carrying our oil)?
Over large parts of the ME, rival factions (both national and religious) remain behind their barricades whilst their proxies battle it out in Syria and the Yemen
Big Oil companies need the security of reserves in places that are unlikely to be disrupted by wars over the next decade or so. Do you think that any adviser would be willing to bet his salary by reassuring the board of a Big Oil Co that war is most unlikely to break out in the ME and/or that supplies from the ME would not be affected over the next decade?
ME oil tankers have to pass several choke points where a small speedboat packed with explosives and a suicidal pilot could interdict our oil supply at any time without warning. There have been plenty of examples of people who like the idea of becoming `famous' even if it is the last thing they ever do.
Big Oil will be acutely aware of this and equally keen to make sure that they have a robust insurance
Aquarian, I have no hidden agenda, it is totally ridiculous to think I can influence SP with my ''rubbish posts'', unless they have some truth, who in the CITY can possibly take any notice of my ''rubbish post'', really now, you are displaying, just childish attitude, rudeness, bad manners and luck of any wisdom. When SP drops another 10p, I may consider to buy some shares. Time will tell and I state now that I can be wrong. GLA.
You have achieved your aim here. You have created a thread "another massive sell off".
Because it is a ridiculous thread title, and inaccurate, many genuine investors here have replied to you, therefore creating multiple repeats of the thread title, "another massive sell off". Which of course, was your aim!
You also say in your last post that you hold no shares here. So, further confirmation is provided by you of your true purpose. Nothing more than a wind up merchant.
Hi Ecologist, I am not trying to frighten the other investors in HUR, although it looks to me, that I am (unwillingly) having some success with you. Just relax. For what you wrote it looks to me you are good in picking losers, so I can understand why you are so frustrated and do not support any negative opinion. No matter what, I or you write, will not change, one iota, the value of SP. GLA. ATM 3.23% down and if I were a holder it will worry me.
This is worth another look as it talks of multiple future wells being tied in to the system. We may need a bigger or another FPSO vessel very soon. I expect the manifold would also form part of the FFD system.
I agree. Much as we would all like to see the share price continually increase we live in the real world.
As you say, the fundamentals haven't changed and as each day passes the status of Hurricane improves as we get nearer and nearer to Foil.
I'm still wondering who bought the shares sold by Crystal Amber. There are lots of ways to keep a holding below the levels at which holdings need to be disclosed. Also there could be some stake building taking place as the share price drops. I suppose we'll just have to wait and see what transpires.
It's bright and sunny here in Cumbria. Let's hope it stays the same over the holiday weekend.
As you say, shares do not go up in a straight line, much as we would like them too. Traders will always at some point take their profits.
The thing to remember is that if the fundamentals have changed here at all, it is only that they are getting better by the day. Christmas Trees now planted. PBLJ on-site, fully anchored and I am sure now getting on with preparation work. Buoy, has now left Mumbai and on it's way, aboard a ship, which according to previous reports, does not hang about. Not too long I suspect before we get an RNS issued that says the Aoka Mizu ready for sea trials, if the existing work and results in any way copy the previous excellent efforts of the Dubai dry dock work force.
Lets also not forget that oil prices are currently not a lot below their high point for the year.
FOIL will be upon us before we know it. So take any dips in sp with a pinch of salt. I know that I will.
Today has been a buying opportunity. The oil remains where it is. The expertise remains in the company. The AM continues to be worked-on. The likely FOIL date has not
changed. The world has not become stable and Elon Musk's vehicles are some way from becoming mass-transportation options in N America, Europe and Asia.
Today was for the traders to bank profits and investors to buy.
While it's always disappointing to see a share fall that I'm invested in, it shouldn't come as a surprise or a bolt out of the blue.
We all know shares don't go vertical all the time and investors take profits from time to time. The recent rise in our share price has been remarkable, particularly because we are not a producing company. That doesn't mean we won't become a producer - because this time next year Lancaster will be on stream and who knows where the share price will be? 100p + who knows? Maybe a lot more if B P come calling.
Today's drop of 5.21% doesn't come as a shock to me. Don't forget during the dark days when the price of oil was at rock bottom our share price was only slightly over 10P. Anyone buying then and selling now had a 4.50 bagger!!
Today 12.78 million Hur shares were traded of which 7.55 million were sells and 4.35 million were buys. I don't know what happened to the missing million shares. I realise that these figures aren't always accurate but they do give some indication of what's happened during the day's trading. I wouldn't call the 3.10 million share difference between buying and selling a disaster. It's simply par for the course with an oil company such as Hurricane.
I think we both know who I was talking about, and judging by the amount of negativity you have on this share, it seems like its you who lacks the wisdom...
Just remember that the quality of posts doesnt account for anything towards the money you make, and it seems like only one person on this board is annoyed by the current sp, whilst everyone else seems happy with its direction?
Hopefully by the time the sp is 60p you might have gained the wisdom to hold a position..
Rogadar needs to pipe down and get in before he misses his chance again, its going to rise again soon and likely the next sell off point will be in the 50s... unless news keeps flowing at which point we will keep rising
Makes sense for people to take out profit at the price and lower their risk, but I wouldnt want to be out of this share when news starts to come quickly, especially if their is a sniff of a buy out... because then you will have missed the boat
Reading this board and the opinions expressed it would appear that everything is at its best. Yet, nobody tried to explain massive sell off today and the possible reasons behind it. Closing eyes, in front of the reality, is perhaps, bad idea. Time will tell.
Flossoffa m8 remember its boring shares divs that afford you the oppo in investing in the likes of HUR.
I am not big into HUR (currently showing me up around 30%).As usual I seem to call most stocks wrong.Divs are what have mostly made me money and rising stocks ,megers,take overs etc are seen as a bonus.
Its all about staying in the game and timing...........
Yup, the Gulf Stream which although heading West to East has side eddies which might help a bit but the present weather suggests that it is no longer warming Scotland.
The cold Labrador current flows SE and meets the Gulf Stream off Newfoundland. It therefore influences the direction the GS leaves the US coast and obviously, even a small change in the resulting GS direction will have a big effect on where the GS meets the UK side of the Atlantic 2,000 miles away.
Global warming will be increasing the Labrador Current and so it is quite possible that it could be pushing the GS towards the South of the UK, but ocean circulation is a lot more complicated than my simplistic idea, see
Radaking: `Flossoffa do you own any Flowgroup PLC shares?'
No, I have just HUR as my flutter on the more exciting end of the market. My reasoning is that it would need much more time and effort than I am prepared to devote to the stockmarket to get several `exciting' shares. I have just the one but it does mean that I can get my head round the details of the company and what it is doing and having done so, adjusted my holdings to reflect my opinion of its prospects. So I now have lots of HUR shares at an average of 39p or so, which means that the capital gain is now edging ahead of the dividends foregone by investing here rather than leaving the money in the boring shares which constitute the remainder of my pension fund.
I hasten to add that by `boring' shares (not in Elon Musk's
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