Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
AB I believe wil opt for a divi rather than buybacks.
He wants to hoover up as many shares as he can and buy doing a buyback 40p will be seen very shortly.
Let’s nudge up to the mid 20’s I never thought it would get below this level even with the windfall tax number 2 debacle.
I agree and I think some amendments will be made very soon.
How is enquest even included in the first place with the colossal losses experienced in previous years.
All oil companies are pulling all scaling back their projects in the North Sea so the government will be forced into a corner.
We should see over 20p today, the shake of it is without this debacle we would be sitting at 40p plus.
13 years of these corrupt clowns is enough now.
500 million last year and the predictions are around 350 million this year. Not bad eh :-)
The update yesterday was in my opinion rather good and I have absolutely no idea why the market cap is below 600 million let alone 350.
Well it seems trading this has always been the correct strategy MRC despite the constant barrage of abuse you have dished out.
I now hold 240,000 at 22.3p and I believe we will see 22-23p in the next 8 weeks.
This company is just simply not a long term hold and it never has been as it’s completely unloved, having said that the valuation is beyond obscenely low and it offers traders a massive opportunity to make money on the swings.
Mrc there are other opinions to be expressed as I’ve always said :-)
Have a good weekend enjoy time with the family, friends, the countryside, sport and your hobbies there is more to life than enquest.
What an overreaction I’ve just topped up to get my average to 22.4p.
Shareholder returns are not far away.
700 million reduction in net debt
500 free cash flow
Production slightly down but they always over understate the numbers at the start of the year.
Net debt now around 690 million.
M&A opportunities
Brent remaining at 80 dollars plus.
I’ll have some more later on.
The simple fact with windfall tax instalment number two has turned this share into a damp squib.
I am very fortunate I am less than 2p from break even on my latest set of trades (holding way over the amount of shares I would prefer :-) nevertheless.
I have calculated I’m around 33p since mid 21 by trading it.
I have hardly watched the sp or posted since December as the surge will arrive when the update does.
I’ll cash out at least half around 24-25p and trade my remaining portion.
Don’t spend your retirement/lives posting about what may or may not happen.
60p may well be seen but it won’t be for 8-10 years.
Trade it as the U.K. government have put pay to sustained substantial rises for a long long while.
Spindok what in earth are you writing 15 days until more innocent Ukrainians are needlessly killed so you can make a bit on a poxy North Sea oil company ffs that made me feel physically sick.
We all want to make money but there seems to zero empathy in the world. Many on this enq bb need to press the ruddy reset button.
Family friends and health all the best to the good ones on this bb board
:-) it’s been like watching paint dry Jan. the boy is back in town now :-)
Brent just shy of 88 now I can see 25p on Monday.
The U.K. Government and twats like farage and boggy and the complete tool Steve baker have destroyed the opportunities for our future generations 50 years plus.
The tories now seem hell bent on obliterated our energy security in the North Sea.
Back to enquest though the valuation is absurd which is why I keep topping up.
I can see 30p very swiftly after the update but I’ll derisk half at 27.5p ish.
Have a relaxing weekend and don’t spend time posting about the ruddy pressure rates at bressay. Friends, family, sport, art, nature and a glass of red is far far more worthwhile.
Now in profit by 0.4p with 175,000 shares its been a long and patient wait since November but you have come good you beautiful beautiful company.
Sell set at 27.25p to take half off the table.
I love you baby da da da da da da da da
AB’s statement from Davos hints that Asia is the future and not the North Sea.
This incompetent and corrupt government have destroyed our energy security.
Even rom has changed his tune he was singing Liz’s praises back in the day :-)
Can see a slight pull back today with Brent but the March to the high 20’s beckons.
As I said there is more to life than wasting your retirement watching this board and assessing the fundamentals about a North Sea oil company.
The U.K. Government has stitched enq up royally. The price is down from 38p to 21p.
Once the reduction in the debt levels are announced in Feb we should see a rise back to the high 20’s.
Chillax trade the swings and spend time with family and friends rather than this bb rom!
Nice article I’m awaiting on the net profit numbers for this year and most importantly the net debt figures.
23 is going to be a tough year with the windfall tax and hovering at 80 dollars.’
It’s still ridiculously undervalued but 60p is a tad ambitious imo.