Member Info for 60pPARTY

KO,
Yesterday and today -
The algobots would not have liked the 1p broker price target. Will take a few days for that to be forgotten and wear off. The algobots do not have a very long memory, thankfully !

What has caused POO to bounce ?

E121,

My reference to fruit cake was directed at Hannon, and not you E121.

Soon, they will start paying buyers to just take the stuff away !

E121 - Thanks for your level headed post , much appreciated !
Obviously I will not be selling at these levels and will wait for MBS and Putin to achieve their objective of "sending a wrecking ball" through the world's oil production. This will smash down the world's oil production going forward.
The demand side will begin to come back when this disease has run it's course. 2020 looks a "write-off" for my investment here, however we are seeing a "set-up" for $100 oil a year or two out.
Hoping the results out next Thursday will have some written confirmation that Enquest has the ability to "ride" this out !
All the best guys and try to ignore the "fruit cake"
JAN

Lol Chilting,
Sounds like it could have been my wife.
We wenr for our weekly shop today at Tesco. She was doing the occasional cough to keep people away from her. Nothing wrong with her and she does not have a cough. Just her way to keep people away .

Just changed back.
Maybe a glitch for a minute or so .
Still only cents between them though.
Not the $5-$10 premium that Brent once commanded.

WTI (30.32) now HIGHER than Brent (30.12)

WTI now the more expensive oil ! wow

We are f--ing flying now.
Brent back above $30 and our SP is almost back to bloody 9p.
Break open the bubbly Jeeves. Let's celebrate !
Crickey I can see 20p by Easter.
No that's not the share price you moron It's the price of a litre of petrol.
Anyone for a 1p Party ?
NO I thought not !
SOS
Save Our Souls

Cuts ENQ price target to 24p.
Lol.
Would love to be up there at 24p. These brokers are just mad matters.

The last time the share price was down at these levels was January 2016 . I was able to top up as I had cash to do so. Now like some LTH's I am "all-in" and do not have any more funds to commit. Like others my large investment was always an investment for my official retirement. Although I have some fear of the future, it is not a scary as 2016 . You get hardened to it I suppose. I am in NO hurry to sell and will wait. I don't officially retire for 10 years so I and others here have plenty of time to see this play out. Indeed POO was trading in a range and was never likely to see a huge spike . Now sometime in the future I can actually see a real oil price spike. So perhaps this is a blessing in disguise for investors able to play the long game.
ALL THE best
JAN.

Also hibernating for a while too. Other things to do in life while this plays out.

Caped = Capex

Does anyone have any info on US shale companies hedges. I ask because if they are well hedged on POO for 2020 then these very low prices will really not take effect until next year ! Surely if they are well hedged then Caped will not need to be cut as much as we are expecting this year.
E121 seems well versed on the shakers, What's your thoughts ?

E121,
If I remember correctly. At the time the market reacted negatively to the Cairn write down because it believed and went with the Cairn numbers and not Enquest's. Now this could have been because Kraken had problems at that time, however the valuation of Enquest was impacted to the downside at that time. To my knowledge this has not been reversed until now. I understand that bigger things are in play at this time, but it is a positive because now the market is able to take Enquest's numbers where as in the past it believed Cairn's. The market was valuing Enquest at % of it's NAV based on various influences, this should help to increase that percentage going forward.
My thoughts
JAN

Yes Hitman,
But with equity you Triple your money at 40p from these levels.
ALL THE best

Hitman,
Just seen/read it. You are right.
This is not priced in because no one could know Cairn would reverse their impairment before today.
It's big news indeed. Hopefully the market will pick it up. Worth 8p in my book !

I agree Z.F.G. this is a strong sell for me too !

I can't see the big revenue !
I can see the operating costs - maybe why it's falling !
Not one for my watchlist - all the best Neil.
How much are you underwater here ??

your own medicine eh Neil on the PMG board.

If you can't take it, then you shouldn't dish it out !

Seriously, a man of your calibre - I thought you would be invested in something that was better than that !

Looks like I called it right !
Going down it seems.
What's the "Admin" costs here Neil per annum ?
I can't see the upside here to be honest. Please educate me ( try to use numbers please and not tittle tattle)

lol.
Is that getting some more ENQ shares Neil ?
Why did you buy a "shed load" a few weeeks back then ?

Dead cat bounce this morning?

Just taken another dive below 32.5p

Sub 30p finish on the cards I think.