image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates and Ideas

Hurricane Energy - Oil firm boasts one of the largest North Sea developments

July 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • HUR
  • Price:
  • 48p
An oft used stock market adage is that a rising tide lifts all boats and it’s certainly the case that the recent rise in oil prices has created a broad array of trading opportunities. One that has caught our eye is Hurricane Energy, which has made several eye opening discoveries in the West of Shetland area of the North Sea. This area is considered “the last frontier” in UK offshore oil & gas as it is relatively under explored compared with UK North Sea in general. However Hurricane’s West Shetland portfolio has produced four discoveries currently totalling c. 2.4 billion barrels of oil resources, while broker Cantor Fitzgerald says its asset base equates to 13-25% of the ENTIRE remaining recoverable resource ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Hurricane Energy - Farm-in could unlock 500m barrels reserves (October 2018)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X