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Mad Ed will never change his mind until he is ousted unfortunately the whole of the uk now know just how idiotic their energy policies are and they dig their heels in deeper 🤷🏽‍♂️

Expecting this to move up very swiftly today.

It is just sheer incompetence, but you have to give it to them as this is the only policy they have not u-turned on 😂

Brent just shy of 100 dollars, some saying it could hit 200.

It really cannot be emphasised enough just how close all ships have to travel to the Iranian boarder in the straits of Hormuz for such a considerable amount of time because of the geology.

The market is finally comprehending what we have all been saying for the last 3 years.

The US have just asked Iran to remove all the mines that they have already been put down.

Tango head tried absolutely everything to calm the oil markets and managed to do so for a number of hours.

Looks as though the oil price is going to bump around between 85 dollars to over 100 for a long while yet.

All this pain inflicted on the innocent people across the gulf.

I hope it’s not the case that the US just want their oil reserves like they did in Venezuela and Iraq.

Yes it’s just so infuriating but we have to bear in mind be t is at 92 dollars and these numbers will not disappear anytime soon.

Some are making tens of millions of this and they are most probably in and out of trumps golf club. #dispicable

Yes krakenoil I’ve never heard such utter clap trap.

This government are the sole reason our energy are twice what they should be and our pump prices are extremely high.

We ain’t seen nothing yet and Rachel burying your head in the sand is certainly not the answer. #utterincompetence.

Totally agree zippy, I am not often mesmerised but a rise of 0.4p is just absolutely ridiculous.

Let’s see what Rachel has to say.

😆😆😆 to be fair serica and harbour are barely up

as well. These types of oil prices are a game changer for us.

I’m lost for words tbh 😳

Astonished this is not over 21p at the very least.

It’s bonkers isn’t it modestus.

It does make me think if the narcissistic tango head has planned this all along?

After all he has just snapped up Venezuela (because of the narcotics) who of course have amongst the largest oil resources on the planet.

This rise with oil will impact every single of us ordinary people in our pockets across the world though.

Having said that we cannot underestimated just how massive this is to Enq and most importantly we operate in safe zones.

Just let us be now as a stand-alone company as it’s anyone’s guess as to how high the sp will go.

We should see 21p tomorrow

That would put the cat amongst the pigeons Romaron.

The CEO of Qatar Energy has said that it could take weeks or months to get the production levels back to what they were when production is restarted.

If the sp doesn’t get to 22p in the next few weeks I will eat my hat.

Hunbah what a superb post and whilst I really appreciate your input Steve, I also have to totally disagree that the Enquest need Brent at $80 dollars to make meaningful fcf.

Another poster added that the sp was not moving because of our net debt, well that had been reduced by 1.5 billion dollars over the last 6 years.

As for the December forward pricing of $67 the events in the Middle East will now underpin Brent at $80 minimum for at least the next year imo.

Brent will be over $100 next week and that is 42 dollars below the 52 week low. Yes hedging is key but I bet your bottom dollar AB will be doing everything he can to hedge over the next 2-6 weeks.

The news on Magnus, the enhancement of the far eastern projects and now Brent as high as it is I’m expecting big big gains over the next few weeks.

18.54p is absolutely pathetic we should be in the mid 20’s.

Lots of experts now saying oil could hit $150 dollars and thank goodness we did not merge with serica as we could be at the magical 60p mark much sooner than everyone thought.

The world it an utter mess with the cretins that run the world.

Brent now up 20 dollars from last week our sp is has moved north by a paltry 1.3p and it’s just utterly incomprehensible.

Yes it’s all about the windmills when we get hardly any wind nowadays and the Chinese solar panels.

Come on Jp Morgan ship Ed off to NYC on a ruddy sabbatical 😆

Agree about the dividend and it will be closer to 1p now I reckon?

This rise must have added 200 million to our fcf if we hedged, plus we had the incredible deal with Magnus.

Astonished this is not in the early 20’s

Since last week and we have barely moved #unbelievable

The masses are now fully aware that we should be drilling in the NS from the repeated speeches by tango man, the conservatives and reform.

The cost of living crisis will only get worse with everything going on over the last week. Time is ticking and the next few days we will know more.

September next year is my guess.

Oh my good lord at long last and about time too.

This will send a mega rocket up the sp.

Well done all and my endless ramping did come to fruition after 2 years 😆