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.
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.
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