The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Agree very poor update and although i do not think the 4 mark is in play the 6 mark is absolutely in play. I think it is a given that the FPSO is going to delayed 3 months . Long term this is the crown jewel in the market for me at those prices and I will be monitoring closely .
Lower barrels of oil being produced.
Can see these fall to similar levels before around the £4 when the market sells off. Shame really because everything was going so well. I have now sold all my holding here for an amazing return. Will re buy around the £4 level. Good luck.
Great piece in the business section of the Telegraph today with the ceo Mathios Rigas. I fear we missed the boat here as the sp has made huge gains recently. But of course the long term prospects are very good , the price of gas is going through the roof and above all , although this is a Greek owned company, its main asset , gas , is in Israely waters. So a very politically sensitive investment but then again , Jewsish business 's know how to make money, even in dodgy ways !!!!!!
I expected much more of a reaction to the share price today on the news. Time of year I am guessing and already factored in perhaps. Price and deal seems fair. Let’s see what happens , some new broker views and forecasts would be great.
Karish North FID
Egypt FID
Greece update , all due any day. For me a major positive
I think its a very smart move by ENOG to buy as much assets as they can during these low price of oil and with oil price increasing day by day, it will put ENOG in a very strong financial position.
Israel is a small buy, the main one for me is Edison which they have already completed the deal which now gives them 130,000 boepd and this is massive.
I have topped up at every opportunity, but i am surprised more PI's haven't done the same.
The SP is so low at the moment its literally a bargain, the SP should have been around 850+ by now and heading towards 1000.
The market will soon wake up to ENOG potential and ENOG will fly
Just wanted to thank the MM's for dropping the SP to pick up a bargain
Less than 2 weeks to we find out if there will be a deal to take 100% of Israel assets.
Long term it is a no brainier but short term the risk factor will come into play. I guess it depends on the price.
Thoughts folks??
Edison deal completed YES this is huge for ENOG
Watch the SP now and the valuation of the company
Excellent news
WOW yesterday the MM shafted most PI's who sold by panicking, then we get a RNS today, I for one took full advantage of the SP drop.
Excellent news update today, the best bit is where it states
" The acquisition of Edison E&P, exclusive of the Algerian assets and Norwegian subsidiary, is expected to complete imminently."
Edison deal will give ENOG 130,000 boepd, that is just amazing and with oil going up today $51.81, huge profits for ENOG
Plus a dividend payable by the end of the year.
wow i haven't even finished typing and ENOG SP is up already
Well done to those who took full advantage and bought on the dip, when ENOG is between 850 and 1000, we will be laughing
Oil on the way up currently $50.61 a new high price
Even better for ENOG when they complete the Edison deal, coz their oil reserves will be huge and with oil going up that means more profit and money in the bank
4 or 5 updates due this month. Genuinely think this is very near the bottom unless we get a no deal brexit then like it or not everything is going down .
Egypt FD
karish North FD
Israel 100 % ?????
Edison completion news ??
Greek gas outcome.
I am topping up at these low prices, silly not to at bargain prices
Glad i got another 500 down @ 682... north from here.
Currently at 682, well over done and a BUY at these levels.
Lots of positive news before the year end due.
Third Point 3.4% sells done, but they still own 16.31% of ENOG company, so why are PI's panicking
The sell was completed on the 7th December, when the SP was 800p+
So basically the MM took full advantage of PI's panicking yesterday and dropped the SP artificially
Now Its time to get back to business, 705 was the bottom, ENOG will only go up from here
Next RNS Edison deal completed then BOOOOOM, 850p+ minimum if not more
Correct third point sold 3.4 % shares but importantly they sold them at 7.05.
I just read the article, there is NO share issues or placing at any price. Third point sold 3.4% of ENOG shares, that is it nothing more, nothing less. So therefore the 10% drop today is totally unjustified, the maximum it should have gone down should have been 3.4%.
This is way oversold, i expect the SP to recover quickly to about the 750 to 760p range.
Then increase drastically with the Edison deal to 850 +
Will check it out
However the Edison deal which i am more interested in, will be completed imminently in December, this will add a huge value to ENOG as a company and ENOG share price, by vastly increasing their reserves. This alone should take the SP 850p + if not more
The information is available online . Type into google third point Energean news , global equity article. Reuters running the story as well . I am also Surprised no RNS from Energean I am guessing it will come tomorrow.
Is there any evidence for your post, any links ???
Unless there is an Rns issued by ENOG i wouldn't believe anything.
At these prices its a strong buy from me
7.05 book price for 6 million shares. Third Point not happy with Energean going solo in Israel . A further drop and pull back is now inevitable but long term this is a winner for me
Not sure why Third point are placing shares at this price , does anyone know if they will be left holding any ?? . I think this will re group and go again after the placing. It would be good to hear from the company .
was watching the share price action very closely. Looked like there was 2 competing sellers. Either they have stepped back or are done as this looks to have stabilised / moving higher
MM Manipulations, there are hardly any sells to justify a 10% drop
SP will be back to 800+ very soon
MM need more shares to fill a big order, like they did last week when someone bought 2.7 million shares, the MM don't have that many shares to sell, hence the price drop, to get PI's to panic and sell