Member Info for Auson

FlashCrash,

Correct massive underinvestment, higher interest rates for new projects, plus the erroneous policy of complete electrification of transport and heating, unfortunately means when the birds come home to roost the world will be found short of Oil setting us up for a painful oil price spike.
The massive increase in mining for metals, plus new infrastructure needed for Electrification will also add to short term oil demands for say the next 3-5 years.

Questforoil,

Why would China use SPR at prices above $90 when they can buy it from Russia and Iran at probably $60 a barrel or under ?

Pelle,

0.5 Net debt to EBITDA is a really good metric for any company. Amazing to think of this milestone for those of us who have been here a while. Market hasn't appreciated this fact as yet.. might take some time but it will.

January24,

Will we still be getting a premium on Brent by selling VLSFO ?
Actual prices can be quite different to spot can't they. I emailed Harbour I.R. recently and they told me they had averaged 100p per therm on the unhedged gas sales !

Extra shares yes but growth growth growth.

Nice £250,000 plus paired trade went though earlier and and chunky £440,000 U/T over the closing price !

There might be a seller but there is also a buyer.

Just watch America bid up the oil price, OXY is up 1% already so thats a good sign.

I think that might be it for the Brent falls. Back to $88 soon enough.

DogstarTrader,

Although in up trend since 2021 Brent is in a decending wedge pattern right now no ? Meaning upside breakout comes next ?

ELSteve,

Stopping the buy backs isn't going to help GIC selling now is it !
Rest assured they will continue.

I like this bit 'an exciting opportunity to repurpose assets and deliver on its decarbonisation ambitions. I look forward to working with my Board colleagues and the management team as we implement EnQuest's strategy'

I think we need a re-brand how about EnviroQuest ?

Lets hope he can re-value our crude like DeBeers did with their diamonds.

Big hitter, I hope they are not paying him too much !

I remember sometime ago there were a lot of broker ratings on Tesla in about the 160 to 180 Dollar range, shortly after it shot up to 1100. Obviously the Tesla price today needs to be tripled as they had a 1 for 3 share consolidation.

jefff,

Nothing to do with the fact that China is the only government that knows for sure they made it in a lab ?

Total stock out on loan was 10.72% at end October. Up from 8.91% end Sept which was up from 8.37% end Aug and 6.48% end April.
Thats quite some position to buy back.

This week there are much bigger Geopolitical drivers for Oil price than the USA centric EIA weekly report.
Although I feel a strong build would hit the Oil price temporarily.
I am expecting a draw. Its all known before hand anyway. If you pay for a Tanker Trackers subscription they are usually quite accurate with their estimates.

WILL7676,

They are just trying to orchestrate and orderly exit below £2. Lets hope a strong NASDAQ bear rally and China Covid easing news causes a spike.

GroundHogDay1,

I take it from your name you were a Premier Oil holder ?
I wonder what will happen when Putin announces a halt to Oil and Gas sales to 'hostile countries'

downbutnotout,

I think you can still read yesterdays RNS today.
What is your prediction for WTI in the coming weeks ?

Infor,

I think the risk profile of this company suite the FTSE250 focused funds better. We are a Mid Cap Oil Co. after all.
I expect demotion to the FTSE250 to actually increase buying here and potentially boost price 5-10%