Are shares in Hurricane Energy (HUR) overvalued at 7p,amarket cap of £141 million. On fundamentals, you bet. But…is it a stock to short. I asked the question to the Professional Northerner Bear, Waseem Shakoor whose expertise includes the study of small oil plays. Waseem says:
Hurricane Energy (HUR) is a company that I’ve been following and covering ever since the days before it drilled the Lancaster appraisal well; through the times when it looked like it could be a big AIM success story; and more recently when it was uncertain as to whether it would even survive.