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HMH - I suggest you copy and paste any of my posts that said I own more than the current stock of 1.36m I own now. You are full of ****, either you suffer from dyslexia or your brain doesn’t quite compute what you read at your age ! I have slowly increased over the last year or so after the RI and I have posted the sterling amount just before I pushed the buy button every time this year, proves I’m not full of ****. Put your money where your mouth is ! So bloody what if some of us here show a little emotion now and again, it’s part of it. I’m sure you will be doing the same come 40p Mug
Yes, that seems fair. I'm in no way a nice guy, but I believe opinions should be well grounded if you are to put them in a public enviroment in the first place. Experiencing the oil shocks of 1973 and all the mess ever since I believe I'm kind of dull with regards to the option of people like yourself who owned 7 million shares 6 month ago and have now increased their holding to 1.4 million shares...? Some people are just full of ****.
If you ever get to the point where you get to trust your own assesment of an investment you'll understand.
Hmh- You come across as quite aggressive towards posters on here that either express frustration or have a different view to yourself, you need to lighten up to be frankly honest and my constant whining as you put it is justified as we all know compared to our peers, we all know Enq shouldn’t be priced at £310m more like £550m. The company deserves a pat on the back for Doing the exact opposite to what those Analysts knocked us for. Should work both ways and it ain’t is it !
I'd blame the board. Total fraudulent forecasting and the 100kboepd+ target for 2019 was complete bs. Analysts also created thos buying situation so I guess it average out.
KO, Yeah, people like you and I "knew". I said a few months back that i wouldn't touch Tullow with Neilhannon's d*ck. That said, most people cannot read the financial statements and do not understand accounting while looking too much at the share price (like yourself and your daily whining). They also don't compare market-cap/production/cashflow/earnings etc with peers. Look around you, this is like 95% of the population, what do you expect? During the DoTcom collapse I knew of a few people who offed themselves leaving the family behind after losing everything. Tullow will not battle on. Tullow is done, and so are likely a sad few of its shareholders.
Trouble is it was there for all to see, the warning signs have been flashing for a long time, Tullow's mcap was outrageous compared to the other mid cap oillies. Yes its a terrible shame just before Christmas, they still have a chance to battle on, they aint about to go into administration so fingers crossed the company can work hard, work with the lenders and turn it around over the next 5 years.
Hello HMH Yeah its sad see it, I would blame the poor analysts and banks. Agree most people cant put a value on things. TLW have a many, Buy,outperforme and hold ratings. No sell. Enq its quite opposite. Analysts basically said all year Enq will go belly up. Still do basically.
Guess quite many Enq owners gave up and thought better save the little thats left
Tullow will not stay in business with the presented numbers, so the move today is understandable.
However, alot of people are losing chunks of their saving today, many running with leverage and with Christmas around the corner I bet it will spill over on the children of many shareholders. It's a dreadful and rather sad situation indeed.
Many claim that Tullow was overvalued etc, but normal people don't have the knowledge to do that calculation. For this same reason I hate the derampers we have around here. Putting out false/misleading information to scare people who don't know better out if their position to earn a point or two. What kind of f*cked up childhood did you have?
I sincerely hope people land on their feet, but history shows that when a mayor company like this goes belly up alot of people lose everything they have.
Looking back at the Ten project, the FPSO had worst problems than ours did, The Turret bearing going wrong and having to tow it back to port for major repairs was just the start, the analyst sort of ignored it for some reason. that was the start of the downward spiral for them unfortunately. Compare us to Tullow - We are in a completely different league to be honest, Enquest is run by a great team and soon will be the star of the UK oil companies mark my words. Green finish
Yes its terrible for them, but i think its a good thing for Enquest, maby this opens up for some more serious analyst-covering for the sector, and if thats the case, Enquest could only benefit from that.
Its absolutely dreadful for Tullow Share Holders, especially long term holders, the SP was close to £2.50 back in September - its also difficult to see any sort of decent bounce. As for the rest of the sector, I think all small oil companies are in danger of being tarred with the same brush and investors will give them a wide berth - a bad day for all of us I think - especially the harsh degree of the response by the market.
Just focus on the debt, easy as we go, keep everything running, fix Thistle next year and shareholder value will follow. We are perfectly positioned now for a great recovery if Brent can hold $60, then we can look at any shareholder returns.
On the subject of dividends - In an ideal world it would be great and if Enquest wasn't in the oil business it would be an excellent idea. But, we don't know what price Brent will be tomorrow - let alone in six months time - also maybe we could have production problems - so with this level of debt paying a dividend would I think be rather reckless.
Always thought TLW and ENQ were arse about face. Irish, Africa, paying an unaffordable divi not like there wasn't any alarm bells. Lets hope a lot of PI's pile here to recoup a bit after listening to the serial bells over on TLW.
E121, I agree and enjoy reading your posts. Indeed i have pretty much agreed with all the facts you have posted . However on the subject of dividends, i have to disagree with your last post. Why ? I believe coming to market with a dividend plan sometime in 2020 would be a show of strength ! As we all agree Enquest have always been conservative in their forecasts, so this would be taken very positively by the market Indeed it would also force the analysists to look very closely at Enquests numbers and "drill down" deeper than they have historically done ! They would then begin to see what we see ! Surely a positive ? All the best Jan