Member Info for Ammu123

“EnQuest has also stated it no longer plans to restart production at the Heather and Thistle/Deveron fields and recently announced it is targeting £240 million of cost savings in 2020.

This sounds to me more than planned as per RNS or am I missing something ?
Under promise over deliver ?

Cost cutting measures already started.

Breaking: EnQuest expects to axe 530 UK roles: $ENQ #OOTT #OilPrice

Well enq and other oilies are doing well today.
Brent July at 23 something.
Imagine when it goes back 30+?

How many you holding Kraken ?

Chilting you are one depressing and boring person.
Where is Jan and Kraken when we need some positivity?

What’s shocking is who’s actually buying these shares ?

Where is fca ?

If you compare enq to tlw & pmo CEO’s the difference is clear to see. They hardly buy any shares....

Why does AB keeps buying if it’s all gloomy as you say chilting?
I think I’ll breakeven around jan 2021 time but wanted other take on it.

Chilling I knew you sold out long time ago.
I was talking about people who are still holding.
You continue watching your ships from the window.

Will I get to see my 22p this year ?
Squif , jan, kraken ?
What’s everyone else average. I bet it’s better than mine.

Wow that’s confidence and backed it up with Director buys!!

Still sub 100.
For how long?

They have hedges in place for 2021 and 2022.
Has HUR got any oil hedged for 2021?

I think what you seem to be missing is RRE current valuation compare to HUR, SQZ etc
RRE is currently valued 30% to it’s cash position.

Don’t HUR have bond payments in 2022 ? So HUR do have debts.
RRE does have decommissioning in 2030 but have no debt with 300m+ in cash with current mcap of 100m and HUR current mcap of 240m?

I tend to agree with munchbox.
Now would be a good time to acquire some good quality assets with low prices even thought we might have to take some debt. What is the current production of spirit ?

Rre can buy HUR and would still have 200m+ cash left in the bank.

They have 300m + cash.
Maybe HUR is overvalued or RRE is undervalued

Why is this valued double to RRE ?
Rre has more cash and is a better company with strong management.