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Lol HMH,
Mum is happy shareholder with good profit. But says it must be impossible with 1 SEK dividend for everyone:-)
Without counting anything!
Can’t wait for the day we have it printed black on white.
Pelle,
The days I can see it is a "big" day.
How's your mum?
HMH,
And you claim yours is bigger?
Lol
Hi pelle,
Yeah, my bad. Epip is probably 4.9 feet.
Best, HMH
I can’t follow, who have 5 feet size?
Sounds like exaggeration!
Lol :-)
I've ordered the chill pills,monkey out.
Bla bla bla, relax little man.
I don't need to wager. I'll just put all my money on Epip121 and I'll get everything right. Hitman is the judge and jury.
Best, HMH
"SmokingAces,
Exactly what I said, ty."
That's not what you wrote you i***t. "Dividends could be announced a year prior to Hitman's assessments. That is 2 months down the road, at FY 2019 report."
THis is what SmokingAces wrote "They can announce in the 2020 AGM that there will be dividends paid in 2021. " - From the little English that I read - that's not exactly what you wrote. I've got no problem with SA wrote as there's clarity and no intention to deceive, unlike you with changing timelines every hour. Are we talking to Donald Trump's doppelganger? AGM is not 2 months down the road and is not the same time as FY19 report. Put your friggin money where your rabid mouth is and have a wager and let's see whether they even telegraph dividend intentions on or before the AGM - I'm saying NO.
Lets make a XXX (Pick a number) Enquest share wager that there'll be dividend announcements before H1 20 results - put your money where your mouth is and let's see who comes out on top. After all, you know everything!!!
SmokingAces,
Exactly what I said, ty.
Little man Epip121 just didn't want to read the post. He has a strong bias towards himself and his ideology. Maybe he/she should just stick to what he knows instead of being a little ****.
Best, HMH.
Agree, BC. Timeout from me - I'll try not to keep up with that level of .... next time!!
Announcing dividend and paying dividend are very different things.
They can announce in the 2020 AGM that there will be dividends paid in 2021. This will make many institution investors interested to buy Enquest because they have very long time horizon. And 1 year will be nothing to wait for them.
They can definitely make this announcement if they are getting a reasonable premiums for Kraken oil (very likely) and hedging is sufficient (very likely).
Then the Shareprice will fly like a rocket.
5 foot man really did strike close to the heart. I know what I'll look for at AGM, little friend.
Relax little girl - no temper tantrums. Mummy is still waiting for you. Go to bed NOW!!!
Epip,
You sure implied it, old bloke. Good for you that you know whatever is going to happen in the future. If you were not a 5 foot tall "man" I'd call you a witch.
Maybe we get to meet at AGM little friend.
Relax little girl - I never once said on this board that I'm the expert of anything. You on the other hand is the pompous little girl that this board doesn't need. People aren't necessarily on crack just because they don't buy your fantasies or conform to yours. Run along now - mummy is waiting to tuck you into bed.
tch tch - now now
been a great week - have some wine!!
Epip,
Must be easy to be the expert of "everything", just like hitman.
Maybe I'm a 19 year old girl. You just assume I'm not full of **** like yourselves. Hitman is surely getting out of touch, maybe it's an age issue.
We won’t hear anything regarding dividend payments until we are under £1b debt and that debt would need to be re-financed at a lower interest rate or we see oil prices close to $100 and that ain’t happening anytime soon.
Possibly when we get 2021 results announced is my guess.
Let’s focus on our 60p party first as that is likely end of this year. One step at a time
So says the fantasist HMHn. I'm sure they buy your fantasies on the Swedish MB, but there are many realists on here. I'm still waiting for any one of your fantasies to come true. Dividend announcement in 2 months - that's the best Corker yet!! I'll be more than happy to place a wager on that.
p.s. I ticked you both but hitman's mention of Dreams deserved an extra tick. Tied in perfectly with the old saying of putting money under the mattress.
*For Swedish readers. Dreams is a store selling mattresses and beds in the UK.
Pack it in you two. It's my post. Hitman's OK , I've met him and am in contact with him but we don't have to agree on everything. I can promise you HMH that he is nothing like NH. There is a massive difference between them in intelligence, honesty, knowledge and rectitude. I know I'll never meet NH because individuals like him are afraid of the light. He added nothing to the conversation other than making poor attempts at contention on subjects he doesn't understand. that's why I filtered him months ago.
Morning HmHn,
Happy to collect any Trophys you can send me.. I don't include cash coming into the business that I have to pay someone else.. I'm just thinking about the stuff I can save and leave in the bank or use as a mattress.. That saves me spending money at Dreams. As a shareholder that's important to me..
Hitman is still on crack, and dont understand RCF.
Mountains of money are pouring in at this moment. Add the "potential" Kraken Premium you might have a totally different field today.
Dividends could be announced a year prior to Hitman's assessments. That is 2 months down the road, at FY 2019 report.
Hitman is taking Neilhannon's spot as the "worst person on the board" of 2020.
80p sounds nice, .. post RCF repayment in 2021 with the Banks agreed to rollover the Bond into a $1b loan facility..
Plenty of FCF .. more like Mountains of it.. from mid 2021 if Brent behaves.. Bound to be noticeable steps in SP improvement as the balance sheet improves greater than the market expects.. 40p target is still very good for now.
L7 raised some interesting points about AB in his 19.57 post. Hard to respond simply but from defeat comes victory would be one answer. L7 wrote "To date Enquest management hasn't been up to the task of developing assets, A/G being one example"
He had written before that A/G project was entered into with $100 oil. The super-majors also didn't come out of the collapse in oil prices too well either but had the benefit of a wide portfolio and reserves of cash and oil. Mistakes/misjudgements are common in oil. Deepwater Horizon for cutting corners on opex/maintenance and should PMO have bought Sea Lion for example. We have increased production and reserves but have a heavy debt burden to match so L7 has a point.
and this "but IMO it has never been a good investment [EnQuest]" That depends on when you invested but there is truth in the statement. The OO and RI is common to quite a few here and I'd guess the current price is a level where many are flattish. For them this almost a new beginning.
AB has plenty of skin in the game but the analysis is surely where are we now? We are 10 years down the road with a seasoned team that have overcome the worst headwinds. I think that the slate is almost wiped clean and we should compare ourselves to newer companies. Not TLW or PMO but Spirit, Chrysaor and Neptune where I think we have similarities.
Spirit are being sold off this year and probably Neptune. I briefly visited Spirit and the wet finger in air price is £2.5bn with little or NO debt. They have 1.910mio shares with 955mio being preference. They paid 36.96p dividend a share and 4.92p for the preference shares. They're all at different prices so beyond me what to make out of it. Out of book value you get A shares divi 17%, B shares 11.5% and preference 5.50%. Their production was 128,000 boepd and 2P reserves 270 mmboe.
I take 2 things from this. We are near to dividend and AB is overdue as are LTH's. In a years time, without new deals but organic growth, we will be worth around 80p using a spirit level (or wet finger in the air). I'll be happy with one or both scenarios.
*It is expected that Spirit is likely to appeal to a number of private equity backed firms.