Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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The history is clear that the only Middle Eastern country to have given the remotest sh*t about the people in Gaza is Israel. But if they are going to behead babies, I expect that to change.
The Daily Mail is now saying the "attack from the North" was a false alarm.
Yeeeah, I think u need to do some serious research mate in a lead up to current situation, else u don't know wtf you're talking about.
Did Hamaz give a s**t when they murdered 1000+ jews
Gaza is being levelled by the Israelis, this is over! They don't give a sh*t, who's killed what the damage is... I doubt very much Hamas will have anything left to attack with, onshore... let alone offshore!
Ironically I think because Israel assumed the generally improving economic conditions in Gaza (which you don’t hear much about in U.K. media) would prevent Hamas wanting to act in this way.
Clearly it is right that war is not good for share prices. But Israeli territory is now back under Israel’s control and we are back to rockets being lobbed in from neighbouring territories, which is pretty much where we were last week, and have been for a long time.
Missiles could hit it anyway
Who is gonna take that risk!
...attacking Lebanon in response to Hezbollah missile strikes.
Expect a further drop here.
Wars and shares are a bad combination.
Remember Evraz and Polymetal.....
(*⌒∇⌒*)
Despite the considerable interest here - my nerve didn't hold, and I'm now out. TV coverage didn't help my consideration - Israel is only the size of Wales. GLA
IMO this whole thing was orchestrated by Nethanyahu whether through orchestration by a third party to het Hamas to attack Israel so that the nation could see how his extreme right wing politics now make sense. How the F**k does a nation with the best intelligence network in the world not have seen this coming! B***cks... Anyway if true, last they want is to hurt their Oil revenue.
... the geograhical location of the producing wells, they are in a very vulnerable and disputed position.
Lebanon have a claim on part of the area and Hezbollah have indicated that they have missiles from Iran and Russia that have the range and accuracy to reach the area, should things escalate.
Worrying times and not without risk, but indeed offering a chance to get into a high dividend share at a bargain price.
ENOG rig not only offshore, but no RNS stating they've been told to cease production and Oil is rallying due to conflict.. win win here imo
Excellent Op to pick these up cheap imo...
Thanks seems overdone
Events in Israel (i.e. the invasion) of course, even though ENOG's rig is c50 miles off shore. A superb buying opportunity for those who think the war will not escalate.
Today
Wealthoracle.co.uk/detailed-result-full/ENOG/786
Energean plc posted interims for the HY ended 30th June this morning. Production for the period was 105.9 kboed, near triple that of H1 2022, revenues were $587.6 million, a 73% increase (H1 2022: $339.0 million) and adjusted EBITDAX of $345.2 million, a 74% increase (H1 2022: $198.2 million). The balance sheet is strengthening with Group cash at $357.9 million, Group leverage (Net debt/annualised Adjusted EBITDAX) reduced to 3.9x from FY 2022: 6.0x. This is still high but moving gin the right direction. A Q2 2023 dividend of 30 US$ cents/share was declared today, taking cumulative dividends of $266 million (150 US$ cents/share). Guidance was adjusted, the company is on track to deliver near-term targets of 200 kboed, $2.5 billion revenues, $1.75 billion EBITDAX and leverage c.1.5x in H2 2024. Valuation looks attractive with forward PE ratio at 3.2x, dividend yield over 11.8%. Macro risks to the oil price are the main potential cloud for investors, those who value generous distributions should be interested in owning ENOG...
...WealthOracle
wealthoracle.co.uk/home
energean plc posted interims for the hy ended 30th june this morning. production for the period was 105.9 kboed, near triple that of h1 2022, revenues were $587.6 million, a 73% increase (h1 2022: $339.0 million) and adjusted ebitdax of $345.2 million, a 74% increase (h1 2022: $198.2 million)...macro risks to the oil price are the main potential cloud for investors, those who value generous distributions should be interested in owning enog...from wealthoracle
***************************detailed-result-full/enog/786
Forecasted Earnings in 12 months are $700m placing it on a Forward PE Ratio of 3.7x which would make it cheaper than the likes of Serica and Ithaca!
More than 5% wiped off the market value since an Egyptian security officer went on a rampage killing 3 Israelis. News outlets suggest it is "one of the most serious border incidents since Egypt became the first Arab country to sign a peace treaty with Israel in 1979".
It does appear markets are pricing in the possibility of retaliatory actions IMO although not escalatory and I guess the risk premium here has increased temporarily as a result.
ENOG still look cheap on an earning comparative and yield more than 8% with quarterly dividends expected to increase in the coming years. Not without risks even at today's price
Well that post didn't age well...
Update went down like 99 lead balloons.
I am looking forward to some positive news tomorrow.