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Rockrose comments accepted but 20k including gas is rather pants htf did they survive $30pb?
I agree kraken AB has stepped on some big toes somewhere along the line.
Hi KO,
Doubt AB would let Enq go for even 60p so it would be to big deal for Rockrose.
Enq is much bigger body and could maybe do a take over of such company at a smaller premium.
Empty it on cash and continue developing the fields.
I get Enq FCF Oct to March around 250 mill
Approx 150 will need to go RCF and OZ
So 100 mill is really free.
And after this basically all cashflow is really free.
Thinking about it, it might happen
something like this
We would have got back to RI 21p if Thistle and Heather were working.
Black Friday event , only fair Enq shares join in too??
I doubt any uk oillie will move up until the threat of Corbyn is gone. If he gets in expect 10p
Don’t you mean Rockrose could buy Enq with the cash on hand they have
Rockrose, Enq could buy such company empty it on cash and continue run the fields.
Don’t know details but it’s a possibility
Maverick is is in a trading range
Heardy not the sp that is important it is the market cap and they are not three times bp :-)
I hear what you are saying though we are a big producer now and need recognition for it reflected in the market value.
To be honest i think that enquest has indeed done a stellar job but sadly something has to change in leadership. AB does not enjoy the trust of institutional buyers. Sad but true. Even though we joke about it there is a real risk that the economics would look as you state krakenoil. That is why managers get fired by the board. Look at Pochettino- 5 months ago cl final - today jobless. But there is a healthy relationship between board and management. That healthy relationship sadly does not exist at enquest. Ab is enquest. Talked privately with a fund manager who Said they would never invest in a majority owner stocklisted company. That is maybe What we see. Would love to See Bob step up
Heardy, looks like rockrose have more cash on hand then marketcap and increasing cash.
On the other side of the scale compared to Enq.
Nicely moving as I anticipated.
Rockrose energy, £17 a share, 20k bpd including gas, 60pps divi. Three times the price of BP. How can you even run a platform or 2 on that revenue even if debt free and only 15m shares, just saying.
Gap was filled and now I expect a move upwards - buy and hold for me!
No this will climb just be positive - at these levels a screaming buy. I mean have PMO too, but this to me has great upside in comparison!
Didn't AB say during the AGM that as the debt reduced it would add the same amount to our MCap ?
Hasn't yet but our debt pile has reduced by $300 ! At this rate we will have a very manageable debt of less that $1b, FCF around $600m, Cash in hand of $500m and a Mcap of $300 lol
BTFATH1.....could further explain your assumption that ‘ it will bob between 18-23p for the next year‘?.....appreciate your feedback.
Ages, does it mean weeks?
Enq is completely unloved for some reason it will bob between 18-23p for the next year.
Look at Brent it is the highest it’s been in ages yet we are still languishing
In comparison to our Peers we should be above pre RI about 34p
I expect a solid and structured move upwards - the business has transitioned and is unwinding its debt. Quite frankly we should certainly be 23p at a very minimum...…...one to watch for the xmas rally I guess!