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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Hurricane Energy - Farm-in could unlock 500m barrels reserves

October 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:
  • 56p
We bought into Hurricane Energy at 48p following a piece in our July issue and the shares have already surpassed our expectations with a move up to 56p. The reason for our interest was that Hurricane had made four large discoveries in the West of Shetland area in the North Sea (Lincoln, Lancaster, Whirlwind and Halifax) totalling a massive 2.4 billion barrels resources. These oil fields are in fractured basement reservoirs, which are less conventional than traditional sandstone formations because there’s historically little data. There can also be complications because water can be pulled up via fractures into the oil, thereby choking off production, although Hurricane believes modern techniques such as horizontal well drilling can ...

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

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