Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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IMO we all made mistakes but your digging yourself deeper in that hole .. Just admit you missed out no shame in it at all .. Your sounding very angry lifes to short for that -- think of the poor homeless and people with no money and some with no water etc thats what i get angry about - Help them it make you feel better and at peace with life . Try it
Lucky sounds like he missed out on buying pre 10p to me.... that’s not very lucky is it !
Maybe I need to change my name to lucky as I along with most of us did !
LC....we all have different risk strategies and I don’t have a problem with others wishing to set out their own views provided it is based upon factual detail, and not laced with OTT rhetoric. All I ask is some respect for others taking a much higher risk profile, than perhaps yourself. Many here will have substantial sums invested, myself included. Thankfully I can afford a complete wipe out, others can’t .....but you shouldn’t just preach to one side of the pulpit. GL
Poor Neil Hannon and his avatar, Luck Counts, trying their best to get the SP down by deramping. Funny...
Luckycounts,
Let me teach you something about human beings. I am well on my way to 60 and have seen much in my life.
Enquest's CEO (AB) has millions and millions of his OWN money invested hear. He has invested , by a bloooody long long way more money than any other oil company CEO not just in the UK but possibly the world . (barring SA).
Now do you honestly think he is stupid enough to let that money go to waste = NO
He will do whatever it takes to ensure Enquest's successs. That includes re-finacing if needed etc etc etc. Indeed sticking my neck out, I believe in an Armageddon situation Enquest would be the last British oil company to fold.
We only need $25 for the rest of the year to break even , but they did say we don’t get the screen price, Something about hedging non Kraken production for Q2 at a discount to screen price. Say $6 instead of $9 , Kraken still get a positive price . So with Brent at $34 , we might be getting $28, Let’s see what happens post OPEC , . The discount should decrease in Q3/Q4. But limited scope to delever, We need Brent above $40, and the SP will get to 15p/16p, Brent at $50 in Q4 or earlier should see us over 20p.
Yes hitman $25 and $27. We've transformed from a high cost company concentrating on end of life fields to a slimmer company with world class assets. We may be a tad smaller but a much more nimble company able to take advantage in a fast changing market. I didn't really understand all the talk of physical v dated oil sales ($10 differential) and the paper (published) price but AB did say the next 3 months are fully hedged. I sense that the low hedging compared to others might be because the company think oil prices are gonna jump.
LUCK COUNTS why you so intrested here ????
JS confirmed the cashflow break even numbers were after taking into account all interest charges .
LuckCounts paid de-ramper. Read his posts it's clear to see. Hes not invested here but spending all day on this board to scare folk.
Very encouraging. JP Morgan positively enthusiastic. Totally different company to 2014 and the 2016 restructuring. Many more analyst questions than at CNE. There is a lot of interest in EnQuest it seems. The company is well set up debt wise and very flexible compared to many competitors. JPM pushed AB about opportunities thrown up by current conditions and distressed companies. This is a company that is behaving like a mini-major. As for debt and EV I know quite a bit about debt as a boomer and it does upset a lot of younger people about our mortgages (when we had them) related to our property values. The debt is largely related to Kraken and people concentrate on what the field is valued at under current market conditions and the price of oil. There is nothing wrong with debt if the trajectory of the asset is much higher and the interest rates are low. These are the worst of times and in a few months the industry will be transformed but some will not survive. The company is very strong, resilient and flexible with a tried and tested management team. If you haven't listened to the webcast i suggest you do.