So here we are once again considering the merits of a bucket of highly avoidable oily sector investments I heaved into a bucket this time last year, uninfluenced by free pork pies or site visits. The 2021 Vomit list. After chucking up 9 out of 10 winners in its inaugural 2020 list, what has 2021 thrown up? Perhaps none given the rising oil price? Don’t be silly – “Lying” Steve Sanderson would never let me down!

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.

I start with my personal experience of the NHS today and how much I’d like to see all GPs lined up againat a wall and shot. I am so bloody angry.  Then it is onto Union Jack Oil (UJO), Chill Brands (CHLL), Tern (TERN), the fraud Supply@ME Capital (FRAUD) and Hurricane Energy (HUR)

Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of October?…

Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of September?…

Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of August?…

Hat tip to Roger for pointing out what Britain’s leading chanteuse is missing out on as she celebrates her 38th birthday. No it cannot be true, can it? Elsewhere I look at Hurricane Energy (HUR) and the antics of Crystal Amber, at Verditek (VDTK) and at how TR1s are abused by penny share hucksters and rampers.

Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of June?…

I start with logistical issues. Thanks to Andrew Bell and Red Rock Resources (RRR), I need to find another hat to eat on video. This may take a while but I am a man of my word. I discuss Red Rock and why Bell has let me down. I end with a picture of where I was at lunchtime with Joshua celebrating today’s personal triumph re Eden Research and KPMG. Then I look at Verditek (VDTK) where surely the FCA or the Oxymorons at AIM Regulation must act now. Today’s news begs more questions for the AIM Shit of the year 2012-20, Richard Gill, aka Gollum. Then onto Hurricane Energy (HUR), Wildcat Petroleum (WCAT) and Eight Capital Partners (ECP) part of the Supply@ME Capital (SYME) swamp.

Hurricane Energy (HUR) failed to obtain court sanction of its refinance scheme. When I wrote last week, I identified a likely core matter of timing as being critical to the outcome. The 30 page statement of reasons from the Judge had a theme running through it – is now the right time for an irreversible dramatic change to be imposed on shareholders? The answer was no. I see this as good for shareholders more widely but does not change my bulk order for beer and popcorn as I watch this particular situation play out to the death.

I start with an update on life at the Greek Hovel. I am contemplating a long road trip for myself and Joshua to the far North this week. More on that later. Pro tem a few thoughts on Supply@Me Capital (SYME), Hurricane Energy (HUR) and Tern (TERN).

The Hurricane Energy (HUR) sanction hearing court case has been rumbling on for the last few days, as I last commented recently here. It has been fascinating to watch and listen to on and off, not least thanks to some dozy plonker called “Clive” who munched his way through cornflakes with camera and mic on in live court before the Judge! I, of course recommended beer and popcorn to properly enjoy the event – I was not disappointed over the last few days. But I rather think further fun and games will occur and a bulk order of beer and popcorn is required.

I am so angry that I forgot to memtion bitcoin crashing again and the operational and financial gearing at drowning in red flags Argo Blockchain (ARB). So I am angry and the resultant bad language will delight Matthew and his dog. I consider Sosandar (SOS), Hurricane Energy (HUR), Bidstack (BIDS), Kefi (KEFI) and Bluebird Merchant Ventures (BMV).

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.

Yesterday’s operational update from Hurricane Energy (HUR) was a mortal blow in my view. It really was bad news on several technical fronts. For shareholders I only have one question – what will kill the company? Technical matters or the Courts or the procedures of the Companies Act? For current shareholders this company is in its death throws, and it is worth examining what is happening over the next few weeks so the Ouzo can be chilled and the beer and popcorn readied.

I start with a culinary triumph for myself and Joshua, a highlight of the day. Then another: Neil Woodford and why today’s expose is so damning. Then I flag up why today’s problem for Alien Metals (UFO) is bad but nothing compared to what is going to land on this website at 8.30 AM Friday. Then onto Plutus Powergen (PPG), Verditek (VDTK), Lekoil (LEK) and Hurricane Energy (HUR).

Being a bear over the past year has, as I have noted many times before, been painful. You expose a company for being a fraud and its shares go up. You reveal that it has lied to investors and…its shares go up. You demonstrate that it is trading poorly and is running out of cash, its shares dip but then, post an oversubscribed placing, start to roof it again. It is unnatural. But it is the way of life in the last blow off stages of a bull market.

Tom Winnifrith commented on the Hurricane Energy (HUR) court case outcome in bearcast on Friday on the salient points of Friday’s hearing into the proposed re-structuring. I had the case on the background as I ground out an urgent but lengthy report. When the case got interesting I switched screens and watched and properly listened. Here’s my comments and thought now I have time to write about this farce.

Oh dear. What have I been accused of now? All is revealed in the photos below. I end by thanking you all as we are now at nearly £40,000 for Rogue Bloggers for Woodlarks. Thanks to all who have donated. To those still to chip in, as we are just c£8,000 short, please do so HERE. Sunday’s training walk will be the most grim yet. In the podcast, I look at Amigo (AMGO), Evil Knievil’s “scum” comment, Hurricane Energy (HUR), Skinbiotherapeutics (SBTX) and Novacyt (NCYT).

I start with good news on Rogue Bloggers for Woodlarks - see for yourself HERE. Then a few words about incredibly exciting work today at the Welsh Hovel. Then onto bitcoin, China and Argo Blockchain (ARB), which links to Zoetic (ZOE) which really is starting to collapse. Then onto the arrogance of the City, Neil Woodford, Andrew Monk and Hurricane Energy (HUR).

This looks like a Hail Mary pass from an investor that has spunked £25 million on three separate occasions and is now looking like a prize Charlie. It may win the battle but Crystal Amber will, like other mug punters, still lose all or nearly all of its cash at Hurricane Energy (HUR).

I wrote recently on the refinancing proposals for Hurricane Energy (HUR) and why I saw it as the endgame of current holders. I predicted the Bulletin Boards would be alive with negative commentary against the BOD. This has duly happened. One commentator has contacted the ShareProphets team with particularised points on why this may be a scam, and we are always happy to respond to considered reasonable requests for comment and assistance. I am happy to particularise why I do not consider Hurricane has been a scam.

Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of April?…

Not all of them. Certainly not daughter Olaf. But at least one of them has ruined my day and made me livid.  Elsewhere I discuss Hurricane Energy (HUR), ADVFN (AFN), the fraud Zoetic (ZOE) and Westminster Group (WSG) and the curse of Tony Baldry of 3DM infamy. Ahead of another weekend training walk please be generous and donate HERE – £99 short of the one third mark!

So now we know the end game for Hurricane Energy (HUR). It is a debt for equity deal leaving current shareholders with close to diddlysquat. Shareholders were warned by myself and Tom Winnifrith repeatedly but, as ever, we might have a combined 60 years experience of looking at oil companies, but they knew better…

I have spent the past day sorting out books and furniture at my late father’s house and reflect on that. Then I discuss Hurricane Energy (HUR) and why I am not selling my shares in MyHealthChecked (MHC) yet, and why they will pass through 10p fairly soon. 

Todays RNS from Hurricane Energy (HUR) provides further and better detail on the reserves and contingent resources for the company. The numbers are worse than I expected. With a further warning on potential shareholder wipe-out, the chance of a zero or effective zero just increases with each RNS.

Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of March?…

Early this year we showed the Shorted AIM shares at the start of 2021. How’s the performance (those in bold remain from 2020) as at the end of February?…

There was a lot of excitement today at the Welsh Hovel with moving compost pits. More on that gripping subject later. I then look at Hurricane Energy (HUR), Cellular Goods (CBX), Coral Products (CRU) – once again as a value buy, Wildcat (WCAT) and the Zoetic (ZOE) linked harassment of myself and Peter Brailey.

Hurricane Energy (HUR) updated the market today. It is interesting for what the RNS says and as importantly what it does not say. The company has re-iterated the bondholders are now very much influencing operations and at best shareholders should expect some serious dilution. But how are things going operationally I wonder?

With the 2020 Vomit list throwing up 9 out of 10 sick investments, it’s time to think about next year. The oil price is looking to be on the upwards trajectory, and hence any company really needs to be a standout monument to investment stupidity to be considered for entry to this year’s bucket list.

After a rolling year of oil price movements, I find myself once again sat next to the fire at Christmas time cogitating oil company performance and prospects. Having suggested I would rather hold a bucket of Vomit than some oil shares this time last year, it’s time to review just how much money I did not lose. Yep it’s time to project the 2020 Vomit list awards to the deserving winners.

I start with Joshua’s Advent calendar and my great uncle the jail bird and end with Christmas news from the Welsh hovel which shows how fecking green I am. In between I look at Hurricane Energy (HUR), Angling Direct (ANG), Cineworld (CINE), Trainline (TRN), Frazers (FRAS), Powerhouse (PHE) and Metro Bank (MTRO).

So says my good pal, the infamous bear raider Evil Knievil, and he is right. You and I look at a high flying stock where the valuation is insane but where if we go short the valuation can easily go to double insane before gravity kicks in. Especially in fevered times such as those we live in, kicking a man when he is standing strong is not such a smart move.

Hurricane Energy (HUR) updated the market today on operations and finance matters. All too much of the news was as Gary Newman and I predicted back in September. I did not see a debt for equity outcome as being the only or most likely potential outcome. The fact the update spelt out explicitly what would happen without such a deal, and new money being put in speaks volumes. It really is looking like a crash landing in tits up alley is the most likely outcome.

Early this year we showed the Shorted AIM shares at the start of 2020. How’s the performance as at the end of November? (those in bold remain from 2019)…

Early this year we showed the Shorted AIM shares at the start of 2020. How’s the performance as at the end of October? (those in bold remain from 2019)…

Early this year we showed the Shorted AIM shares at the start of 2020. How’s the performance as at the end of September? (those in bold remain from 2019)…

Gary Newman provided excellent commentary on Friday on the latest in the evolving demise of Hurricane Energy (HUR) from AIM O&G darling to AIM gambling fodder, while I was busy picking up my milk float and learning to drive like Ernie. Tom commented in Bearcast how he also saw a debt for equity deal looked like a probable outcome. I’m not sure I see the investment case even that favourably when I start to drill into the detail.

I start with more on the issue of sound quality and an explanation as to re-recording yesterday and other issues. I hope we do better today. Then I look at Eurasia Mining (EUA), Mirriad Advertising (MIRI), Hurricane Energy (HUR), Sound Energy (SOU) and Verditek (VDTK).

Today’s latest disastrous news from Hurricane Energy (HUR) is covered by Gary Newman HERE. Gary and Peter Brailey, having been bulls in the distant past, have both been warning you for ages that this was a disaster waiting to happen. But as the shares have collapsed from 60p to just 3p over the past 15 months, one man has been steadfast in his support. Just as he was until the bitter end with the fraud Frontera (FRR), churning out comment after comment after comment suggesting quite explicitly that the shares were cheap. I refer, of course, to Fat Bastard, the whore blogger Malcolm Graham Wood.

Hurricane Energy (HUR) promised so much but it looks like it will end up joining the long list of failed companies in the natural resources sector following recent updates, including the interims today.

I have followed Premier Oil (PMO) for some years – it’s provided some wonderful opportunities to make money. With massive debts, relative to its equity, it’s provided a geared play on the oil price ever since the oil price crash of 2014/ 2015. Today we told further and better detail on the next round of refinancing to sort the debt. I wonder how many have spotted the lurking issue?

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…

The note I refer to is from Align on Bluebird Merchant Ventures (BMV). I agree the shares are cheap. I own some! But are they as cheap as the note suggests? Nope. It is bonkers. I discuss its author and other peak cycle bonkers notes etched in my brain. I look at R4E (R4E) and why you should not follow Fraud. Then at the accounts from troubled broker Novum which came out yesterday. They are truly shocking and get a full debagging from me. I comment on Hammerson (HMSO) and illusory asset values and on Simec Atlantic (SAE) and – en passant – Hurricane Energy (HUR).

After admitting I got Rockrose Energy (RRE) wrong and did not anticipate a cash takeover situation, Tom Winnifrith waved a P45 in the air. As anyone who follows Twitter or listens to bearcasts would know, this would likely have been a P45 with Darren Atwater’s name crossed out and mine inserted, such is Tom’s management style that we all on the payroll enjoy (at least some of us!, TW Note: Given that I fire Darren almost weekly, I really ought to fire Peter now for not twigging this was a joke). In yesterday’s bearcast Tom backed my judgement of investment cases on balance as being more often right than wrong. But one has to ask was he right to do so?

Early this year we showed the Shorted AIM shares at the start of 2020. How's the performance as at the end of May? (those in bold remain from 2019)...

I start with Monkey defending the whore blogger Malcolm Graham Wood. With reference to today's disastrous news from Hurricane Energy (HUR) and the fraud Frontera (FRR) I discuss why he is so wrong to do so. Then I look at Open Orphan (ORPH) and today's fund raise and what to make of it all. Finally, after a few jokes about an IRA man at the garden centre, I move onto the final demise of InternetQ/Akazoo. This weekend sees the first long training walk as a lone rogue blogger for Woodlarks. I am now at 25% of the target to raise, please help me get to 33% by Sunday by donating HERE. 

Another month goes by and once again I find myself commenting on Hurricane Energy (HUR). I highlighted my concerns about the technicalities of the production from the Lancaster field in my interview with Tom Winnifrith at the Shares Conference and well as in articles on this site. Todays disastrous RNS confirms my concerns are very valid.

Early this year we showed the Shorted AIM shares at the start of 2020. How's the performance as at the end of April? (those in bold remain from 2019)...

I don’t need to spell out to any reader of my recent articles on the oil price and specific oil companies, that I’m finding it difficult to see any good investments in the small cap oily space currently. Having written my Vomit list of crap oil shares at Christmas, I thought Easter would be a good time to undertake an interim review.

Year end results today from Hurricane Energy (HUR) answer some questions I have raised, but left others unanswered – it’s a bit of a curate’s egg at first glance.  The company has provided clarity on some issues, not least of which in the current market is a going concern assessment against expected low oil levels, but left other questions unanswered but I remain of the view this is over valued at the current time.

The markets this week have been so poor that even a monkey could have picked 10 shares to short and made money. Hurricane Energy (HUR) has not suffered as badly as many in the oil and gas sector. I have commented on Hurricane Energy (HUR) on a regular basis in recent months as the operational story has evolved, calling it a hold pending further and better information regarding water cut in the Lancaster field wells and forward plans. Yesterday’s RNS telling us the CFO had walked, together with a few other risk issues has triggered me to now call this a SELL.

Early this year we showed the Shorted AIM shares at the start of 2020. How's the performance after the first month of the year? (those in bold remain from 2019)...

I seem to write about Hurricane Energy (HUR) every month but that’s because it’s an evolving situation where the information changes the investment case. Today’s RNS changed one aspect in a very material way for me.

Tom Winnifrith focused on Hurricane Energy (Hur) in his Saturday bearcast, following a twitter exchange with a ShareProphets subscriber, with whom I have spent many a happy hour exchanging views on the investment case on the LSE asylum. Tom has invited him to write and publish on this site his views– I fully support that. But there appears to be confusion. Hurricane is NOT in my Vomit list of crap stocks, but it does sit in the reserve list for now. 

I start and end the podcast defending the editorial style and approach of this website, based as it is on free speech and on nailing crooks, from two seperate attacks. In between I enter the raging Hurricane Energy (HUR( battle with my own, balanced and detailed, thoughts and comment en passant on the big news today: Malcolm Stacey's severe case of  #TrumpDerangementSyndrome and the real shocker, the terrible news about Cheryl Cole. 

I have commented over the last 6 months about my crap quartet of oilers – the “special ones” - a group of losers not winners in my view. To follow the tradition of other oily commentators I am going to expand and re-name my Crap Quartet, as the Vomit List. I would rather hold a bucket of puke than shares in these companies. 

Hurricane Energy (HUR) updated the market on Friday the 13^th on operational matters. The market reacted positively to the update, also many share prices reacted positively to the election outcome.  I am far from positive on the detail the company provided.

Hurricane Energy (HUR) is a company that I have been bullish on ever since first covering it as a buy back in June 2014, but things haven’t worked out particularly well for anyone who has been invested since that time. This is rather unfortunate, as from an operational point of view it has performed amazingly well, better than anyone could really have hoped for, and is an example of how an AIM oil explorer can sometimes succeed and take a large discovery all the way through to production. Unfortunately for longer term holders though, that has proved costly in terms of dilution to enable to company to retain 100% of its Lancaster field...

Early this year we showed the Shorted AIM shares at the start of 2019. How's the performance at the end of July? (those in bold remain from 2018)...

With a market cap of over £1 billion, Hurricane Energy (HUR), is one of the most valuable oil companies listed on AIM, but is it worth it? Today the company updated the market with details of the Lancaster Early Production System production rates and details. Looks very positive to me...

In today's bearcast I discuss how and why the word bugger come from Bulgaria, at least according to my hero Paddy Leigh Fermor. I look at Versarien (VRS) and why it will end in tears, report that Anglo African Oil & Gas (AAOG) is trying to raise £9 million at 5p and or via a death spiral, look at Hurricane (HUR), Prospex (PXOG), Grand Vision Media Holdings (GVMH) - as per my prescient piece HERE - Condor (CNR)  and uber dog Premier African Minerals (PREM)

Early this year we showed the Shorted AIM shares at the start of 2019. How's the performance at the late May bank holiday? (those in bold remain from 2018)...

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2017 and thus far in 2018 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

A fortnight ago, I had some fun suggesting that quoted companies could goose lackluster share prices by adding buzzworthy words to their corporate name, just like ADVFN parent On-line Plc did by becoming On-line Blockchain Plc.

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

From the FCA's spreadsheet of short positions required to be disclosed to it, the following shows the shorted AIM shares with positions from 2016 and thus far in 2017 (by net short position %) - and if this position has increased (red), reduced (green) or remained unchanged (black) since last week...

Hello Share Plungers. It’s not very often a small oil company rewards its investors. What with the falling oil price and all. But just look at Hurricane Energy (HUR). About 12 months ago, the shares were about 10p. They now stand at 59p! But is this the top?

Hat Tip to a sharp City broker for spotting this howler from the thick journos round at Dow Jones as they reported yesterday's Hurricane Energy (HUR) £70 million oversubscribed placing. Well done to Hurricane, not well done to the thick hacks who will be wearing the Dunce hats for some time...

Well maybe not all the way down but at least all the way down to 1646m TVDSS. Hurricane (HUR) has announced the results of its 205/21a-7 well and Robert Trice has to be really delighted with what they have found, not just PR delighted, They have proved mobile oil down to 1646m TVDSS about 240m below structural closure. This is really significant and I reckon using my trusty slide rule that could support an oil in place of about 1.3 billion bbls. 

Prior to the oil price crash, Hurricane Energy (HUR) was a favourite of mine and is one that I still watch closely despite not having held a position there for a long time.

Here's the thing, cutting costs is all well and good, indeed getting rid of waste and unnecessary expenditure is essential to create a platform for growth, but without growth, there is no future for the oil and gas business in the UK. Without growth then next year's production will decline and more costs need to be cut and the year after that even more, until one day the only option left is to shut everything down.

Featuring shares in Fitbug (FITB), Hurricane Energy (HUR), Iofina (IOF), Pantheon Resources (PANR), Providence Resources (PVR) with share price targets for all five stocks.

Featuring shares in Blur Group (BLUR), Empyrean Energy (EME), Hurricane Energy (HUR), Tri-Star Resources(TSTR) with share price targets set for all four stocks

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at  shares in Hurricane Energy (HUR), McBride (MCB) and Pantheon Resources (PANR) setting share price targets for all three.

Featuring shares of Beowulf Mining (BEM), Galileo Resources (GLR), Hurricane Energy (HUR), North River Resources (NRRP), together with some share price targets.

Everyone knows  J. Paul Getty's formula for success: rise early, work hard, strike oil; and pretty much everyone I know in the oil business rises early and works hard, some of them even strike oil. So it's hard to find many oil folk who don't believe in the quote, of course the tricky bit is the last part of the aphorism. Striking oil generally requires a decent dollop of good fortune as well as brilliant geoscience and that elusive material, money; however when we do strike oil these days we generally manage to keep it in the well, unlike these pioneers in times past who needed to have a decent turn of speed when they struck oil.

How do you know what a North Sea development project will cost? Well, most of us have our rules of thumb, some a tad more sophisticated than others. They range from just knowing that North Sea capex per barrel has been running at nearly $30/bbl for the last few years to sophisticated computer models based on construction rates and equipment weights.

If you want me to analyse a stock for you just drop me a line at sqmir@hotmail.com - Today I look at Hurricane Energy (HUR), Nostra Terra Oil & Gas (NTOG), Oxford Biomedica (OXB).

The referendum on Scottish independence has been causing a fair amount of uncertainty in UK offshore oil and gas companies. Hurricane Energy (HUR) is amongst them and I see the recent dip in the share price as a great opportunity for new investors to get in or for existing ones to add to their holdings before news comes.

Hurricane Energy (HUR) announced some fantastic news last week, but like most AIM shares these days it didn’t stop the share price being manipulated. This oil explorer with assets in the West of Shetland area revealed that the appraisal of its 100% owned Lancaster discovery had been a huge success, with flow rates as high as 9,800bopd being achieved.