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Hurricane Energy saved by energy prices

The North Sea producer has lucked into an improved balance sheet thanks to the higher oil price, but still has hurdles ahead
Hurricane Energy saved by energy prices
  • Hurricane reports higher cash flow in first half, after board had tried to hand company to debtholders
  • Outlook positive but key infrastructure lease coming to an end in mid-2022 

It turns out that shareholders know what they’re talking about. Six months ago, Hurricane Energy’s (HUR) directors had effectively given up, and asked investors to back a plan to hand the vast majority of the company to creditors to avoid a potentially worse fate.

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