George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Romaron so you've had enough as well then
You've basically just said no ones coming.
Shareholder returns are looking like the only thing we now have.
A yearly 25p dividend is fine by me bollo**s to the SP
Lets change the party to the " £500m Dividend party" instead
correction - herd protection not immunity
Hi Therapist - I've wondered too. My explanation is that the depressing performance of EnQuest and other similar oil companies is self-fulfilling. As MC's decrease they drop out of the indexes as they move down the chart and out of the criteria used by funds. It is also a problem the other way for techs as funds are forced to buy them as they gain in value. Then there is the ESG lobby and pressure to divest from fossil fuels. They used to say nobody ever got sacked for buying IBM. Well, the same applies to oil companies but the reverse. Nobody will be sacked for not holding them beccause you have herd immunity to an extent.
Overall oil (energy) is the currency of life and I haven't yet seen a product that chooses the most expensive source over the cheapest. They say a barrel of oil is the equivalent of 4 1/2 years of manual labour. I sold my hedge against EnQuest (2 oxen and cart) because I could no longer afford the hay and problems with the smell and the neighbours (the poor beasts never got used to it). They are now owned by an Insulate Britain luminary who is hoping to change legislation to get them motorway legal.
Afraid we're gonna have to wait until the update. Even if outstanding we will still face XR and others so I don't expect a rush into buying but I will be quite happy to top slice (sorry - but it is probably at least a year ahead) and take advantage of buy-backs. I'm actually leaning towards them more than dividend as it gives me more control. The PIK worked wonderfully for me with the RB.
As for the meanderings of the price that is quite simple. The pressure has been a drip, drip sell and apart from events and geopolitical interference usually returns. The 3 D's will always be there on the top (selling) side - Death, Divorce and Debt and you can throw in Disinvestment as a fourth if you like. Fossil fuels have a limited life. Somewhere between 15 and 50 years is my guess. I hope we top up our reserves.
Build it and they will come. I promise.
Well Said Strike123.
Sadly some, like me, have a higher buy-in price than the current SP.
Most of us LTH's believe in our choice of investment with Enquest. It's just our timing that was wrong. We were too early.
In theory if you have picked a winner then it will eventually win. Which is fine.
However human beings have varying amounts of patience. This can be driven by emotions or financial needs. Once the patience is gone, you get bitterness and anger. Hence the odd bitter and negative posts on here by ex holders/holders.
My father taught me that " A big man owns his decisions".
Don’t assume what I’ve done…..and etf index tracker would have double your money over the last 5years!!
Dog company?
Oils are the best place to be in right now IMO and ENQ is with low risk and high reward.
Company survived the worst pandemic of all times. This is definitely a BUY for me.
Mavrick, may be you got your timing wrong with your entry price!
From 18p, SP gone up to 23p yesterday within 3-4 weeks since last week of December.
So nearly 30% return within 3-4 weeks!
wish I had bought more when it was in 18s!
I will be building my position here loading 2k worth each time this goes down. GLA
What a dog this company really is!!
I love the well wishing.... When has AB delivered..... He has to be the worst boss ever. I am still invested in here but desperate to escape... He runs this company for self interest.
We all agree that fcf will be over $700m this year worst case scenario if oil stays over $85 (higher even better and this includes our hedges) So take that away from debt and allowing the fact that some debt is usually good ($500m) then one good year and no matter what metric you use we could in theory give a dividend higher than current sp just next year! So all we need is one decent year for a major rerate or if not pay a dividend higher than our current sp is possible every year. Looks a no brainer to me!
The Enquest Factsheet on the website shows data as of 31/12/20 for 3 prior years.. grim reading when you look at the erosion of equity... 2021 FCF numbers won't be great either .. enough to wear out all investors.. I'm still clinging onto the 2021 earnings, capital raise and deferred tax adjustment to make the equity position at 31 Dec 2021 look more attractive.
But 2022 and 2023 FCF should be fantastic for equity, assuming Google sees the proof. We are only 19 days into this year , so the cashflow earned so far won't budge the share price much further yet given we have some 2022 hedges capped at $76.
At the moment I believe Goldman are right about oil prices trending to $100 in Q3 and Q4.. and I've already indicated 39p for end of year.. Everything is set in place. The Feb update needs to WOW investors with potential numbers for 2022.. ie FCF with various Brent prices..
Hi,
I think it is quite obvious here that I am a fun loving anti-troll kindofaguy, and I also have no time for posters that have a hard-on every time they come in or out. I don't want to know where you are, I want to know what you know. I would also rarely comment on share price without a good context, I can make my own grown up decisions . . . . . .
Anyhow, today I just need to give it a big fat wtf.
Owning this share is like being an unsuccessful virgin forever at the point of your first proper vinegar stroke but continually edged away with an inexplicable deterrent. All my besties have told me for years that it is going to be an incredible life changing event but somehow I never ever ever ever get the experience. Close but no cigar.
It doesn't have to be a straight line but if anyone could explain why it just couldn't be a little straighter I would really appreciate it!!
GLAXXX as ever.