Is the Hurricane Energy share price a good buy?

Posted On Jul 5 2021 by

first_img Kirsteen Mackay | Monday, 11th May, 2020 | More on: HUR Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. See all posts by Kirsteen Mackay Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. UK oil exploration company Hurricane Energy (LSE:HUR) is facing turbulent times. A mounting number of challenges has reduced investor confidence and the Hurricane Energy share price is suffering.Oil wars and woesThe oil industry has always been mired in controversy and conflict, but now the stakes are especially high and factors stacked against it are mounting. From a decrease in demand to geopolitical tensions, job losses, production cuts, climate change regulations and the coronavirus crisis. There is much to be wary of when investing in oil stocks.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Storage and decreased demand will continue to be a problem for the foreseeable future, so the likelihood of price swings will continue. Rystad Energy forecasts total oil demand in Europe to decline by 12.4% for 2020. The North Sea sector has already down-manned from 11,500 to 7,000 personnel to reduce the chances of spreading Covid-19, while maintaining production.Liquidity and licencesAIM-listed Hurricane has a £220m market cap, it offers no dividend and has a price-to-earnings ratio of just 4. It has access to a cash balance of $152m and a debt ratio of 35%. This puts it in a better liquidity position than many other independent oil companies.Hurricane is up against many challenges, not least of which is the cheap price of oil. With a higher oil price, the potential for Hurricane to grow and make significant gains is promising, but this potential is speculative.It currently has a break-even point of around $17 a barrel. This is better than many of its competitors, but is a cost that could easily increase if the oil price stays low and operating costs increase. Managing its carbon footprint has to remain a top priority for the firm. As does maintaining its licences, to ensure it can continue to operate. Further exploration at its Lincoln Crestal well off the west of Shetland was looking hopeful. The plan was to tie back the Lincoln Crestal to the Aoka Mizu FPSO on its Lancaster field later this year. As they did not receive the permit required, it looks like the well will have to be plugged and abandoned. They need the go-ahead from the Oil and Gas Authority by the end of September. But in the current climate, this may not be forthcoming.Hurricane Energy share price turbulenceThe Hurricane share price has fallen 75% in the past year, leaving private investors and long-term holders feeling let down. Cancellation of the Lincoln Crestal project added a further blow as it reduces the likelihood of growth in the near term.I think the oil price will recover and stabilise, but it could take some time. I will keep this share on my watch list, but I do not think it is a good buy for today, especially for beginners to stock market investing. “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Sharescenter_img I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Image source: Getty Images. Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Is the Hurricane Energy share price a good buy? I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool.last_img read more


Cameraman sprayed with acid in Kabul

Posted On Jun 12 2021 by

first_img February 14, 2012 – Updated on January 20, 2016 Cameraman sprayed with acid in Kabul June 2, 2021 Find out more News Organisation RSF asks International Criminal Court to investigate murders of journalists in Afghanistan News News Afghanistan : “No just and lasting peace in Afghanistan without guarantees for press freedom” RSF_en Receive email alerts to go furthercenter_img AfghanistanAsia – Pacific Follow the news on Afghanistan Situation getting more critical for Afghan women journalists, report says News Help by sharing this information May 3, 2021 Find out more Reporters Without Borders condemns the acid attack on Parviz Safi, a cameramen for the state-owned English-language television station Press TV, by three unidentified men on 6 February in the Afghan capital, KabulThe press freedom organization calls on the Afghan police to investigate and quickly identify and arrest the perpetrators.The journalist suffered second-degree burns to his face but it missed his eyes and his life is not in danger.The acid attack was the second of its kind on a journalist. On 18 January last year, Razaq Mamoon, who worked for several media organizations and presented a program on the independent television station Tolo TV, was sprayed with acid in a similar manner. He was seriously injured and is still receiving medical treatment abroad. AfghanistanAsia – Pacific March 11, 2021 Find out morelast_img read more