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What soup will the Titanic serve tonight? Hurricane Energy publishes mammoth ESG Report

By Tom Winnifrith | Tuesday 22 June 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


The question for the Titanic chefs is asked well after the iceberg has been hit. For Hurricane Energy (HUR) is also a busted flush, a sinking ship. Its assets are so poor that it will probably go bust at some stage whether or not it completes a debt for equity swap which will see shareholders lose 95% of the company. This company is, like the Titanic 109 years ago, holed beneath the waterline.  Against this backdrop it has today published a glossy 71 page Environmental Social and Governance report.

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