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Hi KO,
Yep that works for me !
Summer 25 Party
Should we be thinking about booking a venue for next year Jan, I'm thinking around June next year ;-)
Typo - rns I meant texting whilst at a train station is not a good idea 🥴
Yes krak and im expecting an end in the next few days
Agreed lad's,
GE is just one piece of a bigger picture.
Exciting times,
Oh and Summer is coming.
Well I think EnQuest know exactly what they are doing, We may of had an offer that can’t be refused and ties in nicely to a bigger plan.
Agree Stevo.. A sale of GE doesn't make sense if as we expect values will be significantly lower than what we paid.
Only way it makes sense is if we have lined up other asset purchases and maybe some clever accounting with losses and subsidies etc... Which I'm way out 9f my depth on?? Certainly seems to be something brewing.
I'm thinking of a future Labour government who will without doubt target North Sea oilers and their activities. ENQ will be able to absorb those attacks far better if their balance sheet is clean and unencumbered.
Labour is unreconstructed shti, I don't like that word, but I cannot think of a better term to describe their ideology, their personality and their vicious politics
The best way to pay down debt is to convert tax losses into cash though growing production. Selling producing assets at current market values for 2P reserves does not make sense and we should be buying producing 2P reserves which, with tax losses, will cash payback in 2 years.
Enquest is not in a distressed situation like others with debt in place until 2027 and with FCF in 2025 looking strong. accordingly no need to sell of assets into a depressed market. Debt should reduce to 0.5X target over next 2 years while still freeing up $200-300m to buy 2P producing assets.
Of course the potential sale has not been confirmed by the company and might be another non-story. However it also has not been denied which probably means there is some substance.
Well they had the authority to buy back when the SP was 25% lower, so clearly not rushed.
With the share price increasing you would think that they would want to KO the buy backs sooner than later?
Let’s push and hold 18p today.
Schle, agree on debt, but I am interested to see how the company manages to both reduce debt, and maintain the reduced position, and achieve its stated growth ambitions.
Price doing good now. 17p fallen
The board have openly committed to reduce debt as their main priority which is a most wise decision. if that means asset sales then that's what needs to happen
Achieving a debt free balance sheet must be the main objective
Is it Jefferies ? , thought more likely existing Advisers J P Morgan , or at least it should be .
I'm not sure how long it takes for the Analysts to analyse the Results and the companies presentation. Stevo seems to be able to do it in under a hour or so.
I suppose being paid the big money entitles you to hang everything out
It’s annoying that we are using Jefferies to handle the sale of GE after their damaging broker note a few months ago. If they can’t get that right why the hell are we giving them anything?
Hi Timebomb (18:35). The rebase was more to do with lowered debt, longer maturities and tidying up the balance sheet not moving out of the UK. He was suggesting that it is from here as a base we can have lift off. As a first step I would like to see some upgrades from analysts.
The AB CNBC interview TTB referred to: https://cnb.cx/3U37F2G
Maybe a move to us listing is the thing. I remember romaron saying IR said a re base is on the cards. Is that correct?
It must mean something coz physically we'll be ns 'based'.
Ab did an interview for cnbc last week. Nothing new but publicity.
U.K. engineering and oilfield services firm John Wood Group (OTCPK:WDGJF) (OTCPK:WDGJY) should either move its listing on the London Stock Exchange to the U.S. or consider a sale, activist investor Sparta Capital Management said Tuesday.
Wood's (OTCPK:WDGJF) (OTCPK:WDGJY) shares have fallen a third to all-time lows since Apollo Global Management abandoned its attempt to buy the company last year, but traded +1.5% in London following Sparta's letter to Wood's board.
Sparta founder Franck Tuil said he was "frustrated" by the stock's continued underperformance, and "if the U.K. public markets are unwilling or unable to engage in Wood's story, we believe you should undertake a strategic review and actively seek alternative solutions."
Tuil said it is "time to recognize that the next chapter of Wood's journey could be best supported by different owners," and urged the company to "explore the best way to maximize shareholder value, including a sale of the company."
Sparta said the company has begun a turnaround but the share price is struggling under the "U.K. mid-cap curse."
U.K. stocks have lagged the valuations of U.S. peers, causing frustration among executives and investors, including at Shell, whose CEO said recently the company has "a location that clearly seems to be undervalued."