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Hello HMH,
Yeah, nice days:-)
Think mine up 150/200% but strange close at AVA 16 today? Bought another load 2 times AVA 17 today.
Think this still have much more fast potential short term.
I really hope for harvest here:-) will do forest next year also.
But I really will need level out investments next years if this becomes good. You care to help me as mentor?
I know we have same basic logic.
Np Jan. Ab Said that you should give me 100k of your shares. Is he playing us both??
#metoo
Hi Squif.
AB just phoned. He wants you to give me 50,000 shares as you missed my birthday.
Cheers. SQUIF
I miss the old ammu.....not! Romaron - cheers! I am now 2% off with my investment turning blue. Happy now to pitch in with whatever ab wants of me :-)
Romaron Ha ha ha
Ko - Ammu is doing very well. He's gone back into the family business. He wants to become a professional clown just like his grandad. He's got some big shoes to fill.
He just posted on ADVFN that Enquest will be in 30s soon
He posted on ADVFN Board that he bought in 2 weeks ago...........................
Where's Ammu l
Crying in his Whiskey lol
Absolutely stonking day.
Well done all holders.
I've got an insane amount riding on this bad boy now
hitman1a
I should remind your Green friend he will never get renewable power technologies off the ground unless oil price rises, it must be cost effective to be taken up. we will see, now Trump has gone a return to higher oil prices with added higher Taxes to price in the other technologies.
Hello Pelle,
The Pelle leverage-trade is currently up close to 110% so I think I will keep the position and just let it run. This beast of a company is worth a lot more than today but it might take some time to realize the value and you never know when short term volatility comes around. I'd say another 12 month of stable oil prices will do the job for Enquest's valuation. VLSFO is up there knocking on $80 as we speak and hedges only run for a couple of more months.
On a side not, Copper is closing in on its All-time-high and I believe we will see oil doing the same in the not so distant future. As I've voiced since autumn - summer demand will be the craziest ever recorded and we truly have a massive supply gap coming up on shale being off 2mbopd alone.
Harvesting times ahead.
Best, HMH
I spoke to relative yesterday,
He is into Green energy (has the solar on the roof and electric car, doesn't eat Ginsters), I expressed my enthusiasm for oil and he replied he didn't see much upside from here.. I was naturally disappointed with his response.. I asked him if another $5 from here seemed reasonable.. and he didn't disagree.. He said he didn't think oil would ever go up to $100 again.. and I replied we didn't need it.. costs are now down to $15 opex, rather than $40 plus before.. He was surprised it was so low.
Oil inflation: perhaps slightly.. but more so on other commodities like copper.. That said I wanted to order a new Fridge/Freezer from my local Euronics store today.. : 3 week delay.. you have to reserve one now.. only 30 or so of the model coming in which somehow has to feed all the Euronics stores nationwide. I paid in full today, just in case the price went up.. They also mentioned all the EU data stickers on the new ones coming in from 1 March (?) have to be updated.. so that will cause more time /expenses. Didn't fully understand it, but I agree there will be inflation on all imports of various products..
Good news is the boiler is fixed.. new expansion vessel (burst) and PRV (get it done whilst they are in there), and I have avoided the expense of a new one. Guess I could afford a new one, but even the plumber couldn't be bothered.
As E121 suggested, we wait for US stimulus (Mid March) and vaccine rollouts and more demand for oil.. and then review again.
Hitman - the reason I see such a high value is that we have a massive gain out of inflation which is widely expected.
Everything that was holding us back (debt, low POO) is now a positive.
AB has done really well to invest during the last 6 year slump and we are now in a great position.
I think the Anna Couling article on investing.com sums up where we are.. "congestion" at WTi $60/62 , but $65 when we clear it.. From a timeline, I believe this is tied to the number of vaccinations .
J& J will be delivering 20m doses of their one-shot vaccine to the US by end of March 2021. Add the other 93m doses from the other 2 manufacturers and the US has 113m does to administer each month in Q2. By June, we should see an enormous rebound in activity in the US and UK too.. International airlines ( with vaccine passport) might get going too as welll.. so WTI $65 in June seems reasonable , with Brent at $68.
That just leaves the OPEC+ barrels to bring back . I think they said it would be phased in , so that prevents oil prices spiking too high. Will the Enquest SP reach 40p in the next 6 weeks.. I hope so but doubt it.. but the sentiment keeps us invested. A pending equity raise is holding this back a little so perhaps the bankers will be friendlier in June and waive it. JS can show the cashflow analysis again based on the Brent forecasts.
Even Goldman say Brent in Q4 ($70) will be slightly less than Q3 ($75), so the UBS estimate for 2H 2021 Brent of $68 looks reasonable.. Plus we get our Kraken premium too.
This looks better and better by each day and risks are down a lot last 2 months.
Enq risk is going down with the big FCF around 50m usd/month.
Opec gets more and more control of oil prices.
(Doubt Biden or any other green leader will call Saudi and ask for more oil)
Be sure Saudi wants to make up for a terrible 2020
Basically everything looks better now then 1 year ago.
I also see SP go back 25-30p in 1-2 months.
Bought another 50k shares today and 20k mini with leverage
HMH ( there is one new AVA 17)
Agreed Juanes - looks like brent is about to have another crack at $66.
Full bull mode now I think.
We will see all the money flowing out of tech I to commodities accelerating IMHO. I'm calling ENQ 40p in the next 6 weeks.
Based on market sentiment alone, I see $70 Brent being achieved in the coming days.