Member Info for acchi

Thanks- your understading is correct as ex div means one needs to buy stock before ex div date , i got confused today morning.

Ex div date is 7th May , today or tomorrow is dividend eligibilty? can some one confirm pls

Kraken- Petrofac services is industry and don't have any thing except PM304 Malaysia ( production sharing contract) not sure if ENq can get some thing more, AB and Ayman are close friends and they were about to reach the deal about same asset before COVID then due to COVID could not proceed.pls comment If ENQ can get some thing more from PFC

nice update, otherwsie based on current sp i was expecting guide line 40k to 44k .
last 3 days sp has been stable so i hope today's sp will be much better.

Therapist & Jan- thanks, 50-56k is good range and i wish ENQ give this range but market reaction is telling a different story.if ENQ had shared this range then this harsh reaction wouldnt have come.
now we will have to wait until Feb22 for next update.

romaron- I agree with u there is natural decline of 15-20% for older fields in NS, especially in Kraken not sure how much they will give guidelines for next year.

Surprise to see that nobody noticed that Barclay is still sticking to 39p which may be correct as production 2021 was expected not unusual as this was fairly sure since May 21 when the company disclosed the 4 months production 46k even in the HY result they gave indirectly a hint for low production ( at that time I was surpirsed no body noticed/discussed ) and L3 also mentioned last week.

I believe the reason for harsh reaction from market is not 2021 production rather its 2022 guideline.
Can somebody please predict rough estimate for 2022 guideline with some sound logic not just that current is 44k plus 11k = 55k as it may not be true as there is some natural decline not sure how much .

Nice!
however real concern is when will market upgrade ENQ?

Hi L3,
I don’t have much knowledge of hedging and the company must have treasury team to advise
on hedging. Also, hedging cost is there which may have impact on decision relating to production hedging.

However, management need to realize that this is best oil price range ($70-$80) to hedge the production, they should hedge at least 30%-50% production for 2022 and 20%-30% production for 2023 in this price range subject to hedging cost involved.

In the past, company suffered badly due to their fantasy that oil would reach around $90 or $100/bbl as it was in 2012 and before. Even in Sep 2018 when oil price was around $87 for short time, and they did hedge small amount and repeated the same mistakes in later years and didn’t try to learn from past mistakes.
Only in April 2015, they made right decision at right time when they hedged 80% production for 2016 as heavy capex was involved in 2016 after that hedging strategy was not up to mark.

thx

Thankful to bank who forced AB for hedging which caused the stability, otherwise he would have gambled on oil price again by not doing enough hedging as his eyes are bigger than his belly and always dreaming oil price above $80 or $90/bbl at the cost of shareholders money.
Still more hedging is required, specifically for 2022 & 2023.

I know they have deducted cash last week. if the broker takes time to update the account then it's fine.

Thx

Thanks- but in my account, open offer shares are separately showing and not available for trading.any idea?
just have a concern why not added to existing shares.

are new shares available for trading now ?

hitman1a- if we take the same assumption on the cost of capital and contingent consideration , how much could NPV be at oil price $65/bbl, any rough idea?
are they saying 60/bbl from 2024 onwards?

they have learned from past mistakes on hedging but some more action is required from the board on hedging - they must hedge production (30 to 50%) for 2022 and even 20-30% for 2023 as well.
Company also need to stop dreaming for oil prices above the current range.

it's weird, but we need to give some time ( 2 to 5 days ) before jumping to a conclusion on today's news.

Jan- My investment in ENQ is worse than yours and having a loss of at least more than GBP 100k on ENQ and has been suffering for years.

In 20 financials there is going concern limitation due to inability to pay RCF due in October 21 which might have caused sp down, however, once deal ( which probably will be done) is announced then I believe SP will fly at this brent price.

Hi- AB earned a lot of money very quickly ( circa $1 billion within 10 years ) from PFC since the set up of Enquest he has been spoiling his money and unfortunately, others inncoent ppl as well by gamling on big projects ( Kraken, Alma, etc) and on oil prices (not hedging at the right price ), this is my conclusion on this stock...1st he stablize the company by talking to vendor, bankers etc , raise equity then he destabilise by gambing on oil price, lol, this happened last 2 times , it seems to me the same thing may happen third time as nature cant change and he has a lot of money ( $900m is still there to burn, hehe). In March 21 result, they hedged only 30% this means they will continue with their past hedging startegy, they are still dreaming and live in the fantasy that oil will reach $90 or $100 and didn't learn from past mistakes.

Hi Squif- unfortunately,finally I have to agree with you!!

yesterday i saw report but Very strange no body has noticed so far ,Anyway , here it is.

https://finance.yahoo.com/m/d4f709a4-f601-3abe-a5e0-3a9dc64daba7/enquest-plc-moody%27s.html