Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I have send it to IR also.
But look at the estimated Net Debt for FY 2021. $1.172bio against an Operating profit of $525 mio. Looks like we need the Americans to glance this way. I think they're more confident that their politicians will not legislate as heavily against fossil fuels as Europe does. It looks to me like we've got ourselves into a bit of a corner with unrealistic promises. I'm hoping common sense prevails as bills start falling due. Money trees don't grow to the sky.
And the multi-million shares holder only moans on this board and volunteers others to speak with IR. Lol.
That's the life!!!
Romaron is the man for that
Anyone volunteer contact Enq IR about the net debt error? Even give a call.
Anyone speak English? Lol
I honestly don't understand why Enquest haven't told Bloomberg to correct their potential damaging information, I would kick off over that.
Why Bloomberg says net debt 1.9b end 2020?
Makes quite a difference compared to actual 1.3b
Everything seems bit twisted in an unfavourable way
He also put EV/EBITDA 3.6-3.7 while Bloomberg says 2.6-2.7
GE not included i guess
Good morning
I got reply from Alex,
He attached the Bloomberg print screen he used for numbers.
EBITDA dropping 2021 to 22.
My numbers says
2021 900m
2022 1200m
Need dig deeper later
http://www.bilddump.se/bilder/20210628082254-185.205.224.229.jpeg
The crux of the matter is that oil stocks just aren't seen as investible by the Institutions who think in 10-15 year timescales. There is a fear of stranded assets created by the "transition" and this actually applies to Hydrogen too. Still, why spoil a good narrative with facts.
I'm invested here because there is little danger of renewables eating our lunch for a long time yet. I looked up BAT's rating to see if 'unethical' stocks can ever achieve a decent credit rating and they have a lower medium grade investible (Baa2). The highest we've ever achieved is B2 (highly speculative non-investment grade) and are currently Caa1 (substantial risk) which is 2 steps below B2.
I'm in line with Pelle. Forget waiting for us to be embraced by the Institutions; it ain't gonna happen. The numbers will do the talking and there are plenty of investors outside the risk averse who will see the qualities of EnQuest.
On another track I wonder what AB is doing about transition? We have acces to a landbase (SVT) and whilst CC is talked about I think it can only be viable on a greenfield project. I think BBK would fit in well as part of the transition. AB is a highly skilled engineer but also pragmatic enough to see the whole picture. We are in a good position. We have the scale to be part of the transition (Equinor partner Bressay?) and are in a good cash position for at least 10 years. That alone would give me a highly profitable return on my investment. Not many companies can say that.
We've built it and the fans of high cash returns will come.
I have emailed both Alex and Enquest IR now
May I Ask someone also send this analyse to Enquest so they can push from their side also
Good morning Therapist
Its same report I put out here some days ago but extended version.
Exhibit 1 numbers are completely missleading for Enquest.
They have EV/EBITDA 2022 at 3,7 basically keeping it flat through 21/22
I get roughly around 0,6 for 2022
Using a multiple 3 for Enquest next year then SP should up 5 times.
I can update Alex Goh ( think everyone here bough enough shares right)
Hi,
This is more on the potential oil supercycle with Enq mentioned a couple of times but only as a comparator to Hibiscus. Extensive but layman accessible.
https://www.amequities.com.my/documents/20126/0/Oil+%26+Gas+Thematic+Report+210624.pdf/0567b089-080d-c9c5-5fe7-94811a29ccad?t=1624496416677
GLAXXX