Member Info for chilting

Second link is here
https://www.oedigital.com/news/490265-jersey-oil-gas-delays-greater-buchan-plans-to-allow-for-electrification-studies-completion

The environmental assessment is mainly concerned with emissions produced during production.

This is why the OGA is working towards electrifying north sea oil instillations.

Jersey Oil has delayed their development of the Buchan Field until they get clarification from the OGA regarding electrification.

https://www.oedigital.com/news/491592-uk-29-bids-filed-for-1-37m-offshore-platform-electrification-competition

https://www.oedigital.com/news/490265-jersey-oil-gas-delays-greater-buchan-plans-to-allow-for-electrification-studies-completion.

This is what they are working towards -
"Platform electrification is a key component of the OGA’s vision for an integrated energy basin. The OGA’s Energy Integration Report found that the UK Continental Shelf could (through a mix of platform electrification, carbon capture and storage, offshore wind, and hydrogen) absorb up to 60% of the UK’s entire CO2 abatement needed to achieve net-zero emissions by 2050," the OGA said.

Lots about Gorilla in this article - it seems to represent all that is wrong in the gig economy and rather more besides - I am very surprised that Tesco has even considered partnering with them - a real can of worms.

https://www.wired.co.uk/article/grocery-delivery-apps-gorillas-getir

Fantastic news!!!

https://www.bbc.co.uk/news/uk-59107805

In a few years they will be talking about sustainably produced oil - Norwegian crude processed by electricity produced from renewables with carbon capture technology employed to remove the corresponding amount of CO2 produced when the oil is used.

romaron
They do things their own way in the Republic - in the countryside they will just dig their own.
https://ssff.ie/product/peat-briquettes/

It is all speculation with Enquest, I do wonder if there is a long term plan or if plans change all the time according to circumstances and opportunity. It certainly makes me a cautious investor.

None of the other shares I invest in show such an unclear path into the future.

Although I still trust AB to get things right for Enquest, I am not at all sure that the shareholders will benefit.

I guess it all depends on what AB wants to do with Enquest - will he be content with earning income from what he has and just replace depleting assets like he has with Magnus and GE or will he go for another Kraken?

If he invests in another Kraken that means more borrowing and another equity raise and pushes profits and dividends further down the line, at least during the development phase.

7 Magpies.

Simplyme
Yes, that's the outcome I am hoping for - lets hope that you and most other posters on here are right.

The point I am trying to make is that Enquest always seems to be jam tomorrow and tomorrow never quite seems to come - it has been for 3 years. The SP might just flatline for a year like it did in 2019.

Therefore, there might be better options out there, unless you are prepared to wait long term and even then AB might splash the cash on more assets and push debts up again with dividends pushed further into the future.

All businesses large and small have purple patches - M&S are on the cusp of having one now.

I think we all know the plusses and minuses here - for anyone who has been investing for more than a few months they soon become obvious.

Its clear that the companies involved in the oil industry are not exactly flavour of the month with investors big or small, therefore not many oil shares are doing any better than Enquest, in fact Enquest is doing better than most.

So, the simple short term solution is to sell and take profit - or if you are down, sell and find something that is likely to yield better profit.

Otherwise, Enquest is still a good punt long term in the same way as any main market small cap growth stock with potential, just be wary of investing too much.

Grayling
M&S have been selling the Jaeger brand online for many months and it seems to have integrated well by offering customers a higher price point.

https://www.marksandspencer.com/c/brands/jaeger-shop

This is really two businesses then.
Gieves and Hawkes is very attractive as an easy fit for M&S in the same way as Jagger - they may also retain the retail stores, especially the Saville Road outlet for made to measure.
The rest of the group is very Asia based and is maybe a step too far?

The process towards platform electrification in the UK section of the North Sea has started with a competition for ideas organised by the OAG.
The industry has committed to reduce emissions produced in the production of oil and gas and its likely that new fields will need to be electrified or electric ready before they get an operating licence.

https://www.oedigital.com/news/491592-uk-29-bids-filed-for-1-37m-offshore-platform-electrification-competition

Very interesting and potentially much more significant than at first look.
Gieves & Hawkes is obviously a way of going high end in the UK.
But its the other two brands, Kent & Curwen and Cerutti, that are more interesting because they both have store chains in China, Hong Kong, Taiwan and Macau.
Maybe M&S is considering getting into the luxury brand business???

About the end of November.

The current problem with the SP seems to be a UK Oil sector problem rather than just Enquest.

Compared to the others in the sector Enquest is at least still showing some upward momentum and apart from the disappointment of the last trading update has done reasonably well - I purchased back in last April at about 16.5p, so am up nearly 50%.

I guess we will continue with a slow rise until the next trading update and then hopefully a more meaningful rise.

As to when we will see real shareholder value, personally I think that AB will splash the cash with more acquisitions and pile on the debts again, so as Squif so tactfully pointed out, it may be better to be rather younger than most of the contributors to this board.

Very interesting results from YouGov - notable that M&S beat Ikea and John Lewis - I thought Ikea were unbeatable.

Also poor old Waitrose down at seventh in the supermarket stakes, way below leaders M&S.

The most encouraging result though, as jimjam pointed out, is smashing the opposition in the fashion stakes - also Clarks Shoes in third place are now one of M&S's third party lines.

It certainly bodes well for the next set of numbers with high margins on clothing.

I think its a sure bet that AB will buy more assets or develop Bentley and Bressay, therefore, debt will certainly increase again - its just a question of when.
Maybe high oil prices will accelerate AB's plans to develop new assets, especially as it may become more difficult to licence new NS field development in the future.

It goes with the territory - oil companies have to invest in new assets or slowly die.

As for a conspiracy, I don't see that - its mainly down to poor sentiment and lack of institutional investment.
Nothing else in my portfolio is as lackluster Enquest but that doesn't mean that it won't come good eventually.