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Hi,
Ancient proverb says:
When magpies number above ten, bodes well for production at mighty Kraken,
If magpies gather and their presence seduces ya, looks good for the sale of Enquest Producer,
But if magpies fly out of view, keep your beady eye on Amjad Bsieu.
Keep us posted, I think its working.
GLAXXX
14 Magpies in the garden today.. albeit 1 was sitting on the fence. They seem to be controlled by something I can't see. If anyone wants them, they are for sale in pairs like shoes.
Hitman,
We also had pigeons in the garden, they were eating what we hoped to be autumn broccoli. They were very blue on the neck, like the EnQuest blue.
This is a sign that blue will prevail over green in at least the short term.
That’s what I took from it anyway….
You certainly know how to "pull the birds" hitman.
.watch the Magpies they are "gold-diggers".
Brent above $85, guess we can try to stay above 25p today. Don’t think we will break 26p just yet , 2 Magpies again in the garden today , as well as 1 in the tree. It was the 2 Pigeons in the flower beds that caught my eye , but I have no idea what it means , ..just that they know where I live .
GE is to close? Guy Fawkes day could be an omen, just hope those Magpies are about then for 34p
Sorry Stan - didn't realise it was your board and you were the moderator. I don't spend as much time here as you.
Please stay on subject Romaron - this thread is about Enquest not climate change - most of us had agreed that we had done that subject to death.
Regarding the topic under discussion - I have you down as as a not acceptable, 60p within six months - very bullish - you sound more like a trader - is the 60p by Christmas?
"Is this acceptable?" asks Stanley as he continues to promulgate negativism around EnQuest. I'd imagine totally acceptable to him as he is anti-fossil fuel and it would indicate that COP26 had been a success. Both unlikely to happen imo. If you look at a swathe of oil companies we have outperformed many and it is a sector problem caused by activists, ESG demands and Covid. Conditions have changed and the benefits that fossil fuels have given humanity are being used again with the biggest improvements coming from within the industry itself.
Can we stop this drivel and stop looking forward to a better past? "The total numbe of deaths from climate related disasters has declined spectacularly over the past hundred years. In the 1920's such incidents claimed almost half a million lives a year; now the figure is about 20,000 a year (still horrible)" - Dominic Lawson
Or shall we listen to Prince Charles perpetual doom-mongering who in 2008 told us that we had "just 18 months to stop climate change". Perhaps Bubonic Plague would be more acceptable than Covid as it is more organic?
This used to be a message board of investors but now just attracts day traders, shorters and whingers + Stanley who continues to offer "floored" sic advice.
I expect to be at the 60p party within 6 months along with genuine holders. Other predictions. COP26 announce "NO CHANGE" followed by EnQuest announcing the fate of EP, closing GE along with updates of future works at BBK and SVT, oh and Shell announcing FDP on Jackdaw after correcting spelloing mistakes on the ES.
I think most of you probably already know about the first rule of Assumption Club.
We have actually had a slow and steady rise over the last year from 9p to 25p - following the rising trend line nearly all the time.
The same progress for another year would take the SP back close to 42p.
Is this acceptable?
We don’t want a big spike, we need a slow and steady rise with much higher volume otherwise the price will fall just as quickly
Past performance is not necessarily a guide to the future , We now have 3 great broker forecasts all pointing to better times . Normally we get a big spike in Jan/Q1 etc.
Yes, but even taking into account the uncertainty and AB's perceived failings, shouldn't the SP still be more than it is today, especially with Brent being so high.
Agree mallard. AB has failed to deliver too many times, he is driven purely by self interest and the market distrusts him
I am sure that there are more complicated answers to why the SP is not higher but the root cause is uncertainty. The imponderable outcomes are plentiful;pace of debt reduction, production, GE, EP, OPEC overhang, pace of demand recovery, response of Shale Patch to higher prices etc etc. ENQ has become a 'show me' stock - a promising future is no longer enough to move the price - we have failed to deliver too many times on past promises.
I remain convinced that the FCF potential is there to provide a good return on my holding of both ENQ and ENQ1, but we are still going to have to be patient and hope that we don't stumble again.
Back in October 2018 the SP was around 42p and Brent was the same level as it is at the moment, since then we have had two open offer's but not enough to push the SP back to todays values.
So why isn't the SP closer to 42p?
Is it all about reducing production as indicated in the last update, especially with Kraken falling away from peak production?
Will the SP recover over the coming months if Brent stays in the $80's or more?
Will GE make a big difference?
Are debt's still too high?
Personally, I have run out of answers - I fully expected the SP to be at least 34p this Autumn.