Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
Agreed - daft time for the RNS and whilst the RNS talks of jam tomorrow again, AB seems to have been misleading punters with his imminent sales of ore. If there is a Chinese interest perhaps they should simply buy out RRR for the Lithium licences and get the Australian Licences and any royalties for free.
If this is a last minute pump, it is scaping the bottom of the barrel.
EPL a direct tax on the investing class - £366m reduction in ENQ MCap for a few tens of millions of tax. As I have pondered before, I would love to know what the net benefit of EPL is when all other factors are filtered out.
It gas certainly been painful, I thought we were coming out of the ENQ gloom with the recent rising sp trend and I think the current dip could have been avoided with a soothing August update from the BoD.
Scots are waking up to issues relaying to premature rush to shut down NS given NS's contribution to GDP, taxes and energy security through transition.
Can't believe we are sub 17p again, this is bonkers, we need news or certainties (reducing debt, shareholder value policy, production figures etc.) from the ENQ BoD............to stop the drift.
Disappointing sp action today, although I realise that POO is down. However, I can't help feeling that there was an expectation of an operational update and whilst we'll see firm figures in September, I can't help feeling a lack of communication by ENQ is resulting in this drift in sp.
Kraken - the World has gone bonkers and our government and government in waiting are intent on levelling down not up.
As I have said before, it would be interesting to see the governments net take fro EPL when taking into account other taxes lost e.g. corporation, CGT and Income tax, plus the loss in overall wealth in terms of MCap. Short term gain for destruction of a viable strategic industry.
Hopefully will be a good day for ENQ and a higher POO gets us closer to a coherent and implemented shareholder return, the BoD have said 2024, all we have to hope is production and POO hold up for a few more months to reduce debt and financing costs and I think the BoD will surprise us with an initial batch of buybacks later this year. I am expecting we'll here more in September, after all that is getting lose to 2024. By September we must surely be close to the target 0.5 ratio.
The positive trend continues, we have broken 18p and I hope we'll end above that this afternoon.
Production is back to 100% and the original annual production forecast range stands. The repairs allowed other planned works to be completed earlier and the other fields production rates are performing well.
No operational update likely given we are so close to the results as there are no circumstances as per last year to warrant an update.
POO above $86 so potentially better day tomorrow.
The positive trend line from 14p on 23/6 has continued, even taking into account the recent blip. A continuation of this trend to Christmas would put us in the 28p range hypothetically.
I am looking for four things in the meantime:
A good update;
Revised EPL;
Director buys;
Shareholder return policy for 2024
If there is any good news on top - icing on the cake!
We need a good OU soon to steady the sp.
I don't understand a 0.6% rise in oil today and ENQ is 3% off - does not make sense?!
Sentiment slightly improved this week, reality about the need for oil going forward dawning and bullish sentiment on price of oil partly due to lack of supply and investment going forward. Is just the chuntering of Ed Millibrain upsetting the NS oilers?
FTSE is up, POO around $84 and ENQ is down 2.14%! I don't understand, is this just sentiment after the BG and Shell reports?
ENQ has pretty much lost the last 5 days gains whilst the POO has risen, it just does not make sense?
This is upsetting the nice trend line that ENQ sp has established over the last month - is this a little profit taking and now a buying opportunity or is something else at play?
Linda Cook would love to say that thanks to EPL I have had to buy out ENQ simply to avoid paying £600m in UK tax this year and £200m UK tax next year, oh and by the way thank you Hunty for giving ENQ to me free of charge and its a bit of a bummer that after all the effort AB put in and the enormous risks taken by ENQ and its investors - you Hunty have effectively destroyed the value of what should have been a FTSE 250 company for exactly nothing.................carry on the good work and destroy the remaining £30bn GDP the NS contributes ...........that will soon be nothing as well.
Oh go on Hunty, go on, get yourself into the House of Lords so you can enjoy a free lunch for the rest of your life, but do it soon before you realise that you have no friends and I wouldn't visit Aberdeen for your recess holidays!
US$84+
Hypothetically (ignoring hedging etc) US$16m+ p.a. per dollar on POO to ENQ. Even with EPL, it all helps. Looking forward to next update next week or week after.
Puzzled!? I am sure this has bee discussed before but I don't understand all the tiny sp purchases, surely worth less than the cost of trading them - can anyone enlighten me?
Hopefully the recent month's positive trend is set to continue.
Strengthening dollar must be helping reduce our sterling costs for ENQ and any Sterling loans payments etc.
From the 23rd June low point we have seen a very steady positive trend line develop with a 21%+ rise.
Purely speculating but if this continued, with POO holding or rising further, production within range or exceeded and a good report/updates, perhaps this trend could continue and we might see 30p again by Christmas.
If we then get a clear policy on returning shareholder value perhaps with buy backs and even a dividend, the sp should continue this trend in 2024. In theory, as every day passes, the financial risk associated with debt should be another positive trend underpinning the the current trend based on business performance and higher POO.
It has definitely been a positive month for ENQ...........
Welcome and thank you for helping the sp to rise today!
Look out for the next update which we hope will be at the beginning of August and of course an upward movement in the price of oil.
Good luck with ENQ, I am hoping ENQ will fill my current tax loss!
Quote: "The acquisition opens up multiple revenue streams for ExxonMobil, from federal tax credits to upfront fees from emitters, and is expected to be particularly profitable as the market for carbon sequestration grows."
A potential purchaser of ENQ could right the same and have decent FCF............
It is one hell of a bundle of free shares, let's hope that one of the targets by 2026 is a share price above 60p! That would be around £5m to AB, but if achieved I would not begrudge it. However, if the BoD award annual bonuses as well, then I would not be happy. Buybacks are of course the easy route, let's hope free cash flow, reduced debt and a decent POO will be part of the mix.
Yes - it is quiet.
Numerically, only 39% of the RNS issued in the same period this year compared to 2022.
No BoD share purchases suggests something could be on the boil?
Let's hope the ENQ Management are working hard on shareholder value!
Romaron, if NS only has 8 years, so I assume that means £30bn of GDP, EPL and however much tax is down the swanny as well. I wonder how much manufacturing would be required to replace such a loss in GDP and tax at a time when it appears any future government has some serious spending plans, never mind energy security. I see UKGOV has exported $8bn p.a. carbon to the US in the form of imported LNG. If we were the US's poodle, this must make us their chihuahua.