Member Info for AIMOilking

Brent at $61.83 - at what point is the Government going to take action?

Waldorf must be sinking fast unless they have hedged well and if the Government is not careful others will follow into administration and the Government will have one very large mess of liabilities to clear up and no tax revenues to cover them.

ENQ is still one of the strongest still standing and loan agreements, liquidity and tax losses will help ENQ weather any short term downturn. I would love to be a fly on the wall of any bid room at the moment!

I regret not selling some ENQ at 16.5p, but I have bought some LGEN with 10.52% dividend imminent, if they rise and ENQ falls, I intend to switch into more ENQ, on the basis that hopefully Brent will recover once things have settled down and whilst the Government is helping various industries they might realise that it would be prudent to ease up or remove EPL. We also have the ENQ dividend coming up, the potential for several deals and May update and AGM opportunity to meet and hear from the BoD.

STill up on January, so not crying just yet.....

Brent dropping to $65 will be hurting all NS O&G's and HMRC's EPL tax receipts, but perhaps some of the clouds do have a silver lining...........

Waldorf must be desperate to do a deal given the current economic and political environment, so now be the time AB clinches a deal.

NS O&G economic environment and future investment is under review and a short term low Brent price will strengthen the need for changes to EPL and perhaps decoupling Oil from Gas.

Even at these levels, ENQ should just be making some FCF and remains very much a going concern with a bright future.

For the brave and with ISA allowances a couple of days away, the low ENQ sp may still be a chance to top up.

Can't believe ENQ's retrace of 2p back to 14.52p; well done to those that called it right. I am afraid that I was too scared to trade in case I missed out on the big spike, which I still hope will eventually arrive. I suppose part of the retrace is thanks to Trump and OPEC which has resulted in a 6.83% fall in Brent, which is a shame as I was getting used to Brent being back at $75.

I will also be setting my alarm for 07:00, not that it matters as I am in for the long term; all the ingredients are in mix for shareholders returns, even if no deal is done.

Thanks Jim! Even are simple MP's could understand this clear statement of fact.

Cancel EPL - send the article to your MP's.

Now then back to ENQ - got up early just in case there was an RNS - can't wait to see if there is a deal on the table....

Https://uk.news.yahoo.com/burst-petronas-gas-pipe-sparks-044042695.html

This article caught my eye and I trust there will be no impact on ENQ production in anyway.

Brent back up to $75, this will help ENQ FCF's and I would have expected a better sp performance based on this, recent results and potential news, perhaps we'll see a decent BLUE day today.

Highest Volume traded in over a year now and decent trades going through, punters are taking notice of the facts details in the annual results and can see a positive future for ENQ with or without a deal.

Sooner or later, Reeves will have to deal with EPL and turn the O&G investment tap back on..........3 months??

Today and Yesterday are the highest volume days for over six months and at 15.60p, ENQ is up 51% over the period. For once, an aggressive averaging down has paid off, but still like to see the other side of 20p which still only be a MCap of £372m. I would like to see at least 27p before the year is out (circa £500m MCap).

We have finally got some share trading and volume but w don't have any buybacks at the moment; this is frustrating.

Buybacks on top of dividends would have tightened liquidity and helped maintain an ongoing positive trend.

Slightly simplistic view but I do like to see shares being cancelled, shareholder returns and my percentage of the company increasing.

13th on the % risers today, a couple of spots higher if ENQ had held onto the 15.50p.

The good results and good news in the pipeline and a slightly higher profile will hopefully see us through to a higher sp over the next few days. The stronger the sp, hopefully the better the position with respect to Serica or any other deal, the former should be better understood by Friday next week, if not before and Waldorf by the end of May, if not before.

If there is no immediate deal, I am not worried at all, as I believe ENQ is set fair for the immediate and medium term and shareholders will see a return in the form of sp, dividend and buybacks.

The AGM will also be a must in the diary for May, along with the May update. In the meantime, Brent on the rise at $73.89 is helpful and who knows how the EPL review will play out - it seems that Reeves is realising that NS O&G is one of the few growth get out of jail free cards she has to play.

Excellent set of results but the sp is the same as a year ago, surely now, especially with all the information confirmed in today's RNS, ENQ must be due a re-rate??!!

Did I miss it, no mention of a buyback?? I assume we have to wait for the AGM, but I don't see why as we have unspent authority from the last AGM??

Friday has been flagged for the Full Year results and we usually get an update on production forecast, net debt to the end of February and Capital Expenditure forecast.

Brent is holding above $72 as I type, so ENQ is generating FCF, I hope that they announce the Dividend and Buyback Policy and immediate implementation, both of which would support the sp. The unknown is production levels although they were high in range for January.

I assume that we'll see an update at the same time, although I am assuming the full year results are independent of any other announcement, although AB will be under some pressure to make an announcement A.s.a.p. Any presentations and Q&A's around 27th might be interesting.

AB has been working on and slightly ramping up a game changer deal for a long time now and we are past the 6 months he quoted last May although we are on track for the Chairman's more cautious 18 months. The ENQ / SQZ was a possibility but not really on the horizon whereas the Waldorf possibility was an expectation albeit a lower order of magnitude - but very digestible assuming the price was keen. We have seen a couple of other big shuffles in the meantime with Harbour and then Shell which perhaps narrows the field.

I think you are right, we will see some twists and in the meantime we have an unprecedented couple of weeks of news coming up:

ENQ SQZ by 4th April

Final Results most likely by 4th April

Share buyback Policy

Dividend Policy

The February update - possibly the most interesting being a recent snapshot on progress and hopefully including a net debt update

Production alignment with forecast

Finally, a possible deal with Waldorf anytime between now and end May.

Plus loads of RNS's - good advertising??

Our senior bean counter Reevsey is in trouble which means that if you have a few beans to your name, she will be after them. Growth unexpectedly low in January down 0.1% instead of expectation up 0.1%. The OBR criticizing her figures and costs of bringing new taxes and this quote caught my eye from the ONS Director "The fall in January was driven by a notable slowdown in manufacturing, with oil and gas extraction and construction also having weak months."

Finally, someone has stated the obvious and that is if you punitively tax any industry, investment will fall as will its productivity and contribution to GDP and HMRC's coffers. We just need someone to do the maths and call for the reduction of EPL or removal before the damage is irreversible and we loose the NS O&G industry completely. Someone needs to tell Reeves that if the Liebour Government wants growth the NS is one of the only options she has for almost instantaneous growth given the right conditions.

We have a maximum of just 22 days to find out if there is an offer on the table.

We are due the year end accounts and an update this month, typically within the next 2 weeks or so, does anyone know or think the update will be delayed until after the 4th April and or has anyone posed the question to ENQ IR?

Brent slipped a bit but holding above $70.50.

Waldorf also has just 10 weeks to resolve their restructuring and I suspect this will go to the wire on timescale, we could see deals with Waldorf at any time and given the price of Brent, I suspect their BoD must be sweating plenty.

Assuming Rachel from accounts does not make a sudden change, I would hope undervalued ENQ will be an ISA filler in 21 days time...

Pete, if this were the case I would be buying SQZ, but I believe you have miscalculated.

Let's take your MCaps 591m and 558m (@ 30p ENQ and 150p SQZ), in theory combined company 1,149m, and let's say ENQ shareholders get 40% of the new company 459.6 at 30p a share that would be 1532m shares, so we would exchange our current 1860m ENQ shares for1532m new shares at 30p, a rate equivalent of the share at the rate of 1.214 ENQ shares for 1 new 30p share.

I have left out what SQZ dividend might be paid etc., but I think you will see the logic, although based on your valuations I would hope ENQ would get more than 40% especially after and if SQZ shareholders receive a deal dividend.

If I have got the logic or maths wrong, it is has been a long day.

Ron, it took a while but I responded to the O&G Survey you posted - I would encourage others to make their comments.

Thanks Pete, I was aware of that list of all holders over 3% which accounts for approximately 50% of the shares in issue. What is interesting is that we are seeing new names with holdings over 1% and all the 1% adds up to a more tightly held share - in theory.

Thanks Ron. At least all these RNS will help keep ENQ on people's radars.

Brent up 1.5% and back over $70 @ $70.6 which all helps.