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.
Is this the beginning of the end for Hurricane Energy (HUR)? Today’s RNS confirms my worst fears are very likely to come to fruition with expected material reductions on both Lancaster Early Production System reserves and the wider area booked resources. It’s what I would call a technical Ouzo day, but also very disappointing as it looks like the end of the West of Shetland basement oil story…
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