The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Settle down Krakhead
Troll Troll Troll - Most here have invested our hard earn for quite a long time unlike yourself. Not so long ago you were calling Enq insolvent and advising everyone to sell. You have a very one sided memory
Am I not entitled to vent frustration knowing full well we are so undervalued.
Wibble wobble
MRC what are you going on about, I'm just relaying why I think the market panicked a little this morning.
I know things are good here otherwise I wouldn't be bloody invested ffs
KO having a wobble again? Must be Tuesday!
Get a grip man. Things are all good here.
The flip side to that is Moody's have upgraded the Airline industry outlook to positive
The media are now reporting that the indian variant is now moving into other countries fast, specially the Philippines and the other negative news for oil prices this morning is Russia has increased production again to 10.51m for May. Is this going to cause the rest of Opec + to start fighting for market share as well ?
I don't think that we can learn anything from todays drop in the SP - the whole market is down with very few exceptions.
Price drop today has closed 2 gaps on the 2 hour chart. Worth noting that there is another to around 16p. Gaps often close and often don't act as support/resistance so SP looks fairly likely to hit 16 and to go below it. Lot's to learn tomorrow I guess regarding financing options and what Bentley means to us over the next couple of years.
Hitman, thanks for the reply regarding AB's large holding.
When do they plan to have golden eagle wrapped up, its been 3 months and with the price of oil losing valuable income.
AB is wealthy enough to have a diversified portfolio apart from Enquest.. Please don't read too much into his holding.. It's always been a decent amount and he supports the fund raising just like everyone else.. no matter how much is required.
Glad the AGM is on the 12th Wed.. Thursday's are always inconvenient for me. So tomorrow should selling for a few and FOMO for others.
I have another question. What are the risks of having a CEO who is the major shareholder in the company? From memory I'd assume his average price is around 18p. On the one hand it seems to suggest lot's of confidence in the future of the company. But are there any other ways of interpreting that?
Oilprice.com
Money managers have accelerated buying in the most important petroleum futures and options contracts, betting that oil prices will increase later this year as economies reopen and travel and fuel demand rise.
In the week to May 4, hedge funds bought the equivalent of 40 million barrels in the most important contracts, led by increased bullish bets on WTI Crude and Brent Crude, according to data from exchanges compiled by Reuters columnist John Kemp.
This was the fourth week in a row.
Only a matter of time
Jan, beer break in sun:-)
I dare say as hedges are used they have been replaced with higher ones, someone thinks bonds will pay cash? last time we jumped to 24p bonds didn't move perhaps market is getting ready for a re-rate with a good update at AGM
UT trade at the end put us in red. :)
Tlw valued at 800m and enq valued at 300m, mkt being unfair on enq.
oil price close to 70 this needs to move.
Hi Maestro,
Pelle is on "Tea Break".
The answer is yes !
Pelle is there an update on the 12th?
Does anyone else worry that there is a risk of dilution here. With 2 aquisitions. We have GE apparently to be bought through increasing our debt by 300 million or so plus a 50 million pound placing with related parties. After that we have Bentley for a very good price, but presumably that licence comes with work comittments? Does anyone know what these comitments are and what kind of cost ENQ will incur completing them (750 milllion?)? As long as POO stays high, then free cashflow means that these acquisions are great and will contribute materially to the business in the medium term. But as an investor I feel a bit confused about where the SP might go in the short term. A substantial fundraise would appear to cement the future of ENQ for the medium term and would seem likely to lead to opportunities for those with cash. But for those invested, it might lead to losses. Anyone have any views on whether I'm right to be worried?
Hedges in place for c.5 MMbbls of oil with an average floor price of c.$55/bbl and an average ceiling price of c.$64/bbl
I don’t think this is too bad.
Pelle,think due to hedges in place over the first few months it's going to be later in the year/early next year before we see any meaningful rise,but hope I'm proved wrong, need to get refinancing done and ge confirmation then hopefully liftoff,gla monkey
Any SP predictions for 12th?
Must be solid numbers first 4 months and future even better. Hard to see it going down.
I think 10-20% spike in SP and loaded up more mini L
Enq are less than one third hedged for 2021 .... this means any rise in Poo is immediately beneficial !!
spindok
with the current POO this company will be throwing alot of FCF flow, next few months i see this going over 30p.
Strong buy at this level
Slowly but surely we are climbing toward 70$ a barrel. Think the update will be positive and have raised my target to over 20p.
No party though for a while I fear...