Member Info for chilting

Hello Jan
Certainly agree - we did loose a full 7 days production over Christmas.

As I said below there is no sign of load 30 with nothing to indicate a transfer at Sullom Voe or Scapa Flo.

Heather is still at MacDuff so she may well do the hook up but it could be that we have to wait until well into next week - very poor !!!

Sorry gkb47 - no intent - totally agree with your 13.31 comment.

Totally pi**ed off with Brokers, Trump, POO, Brexit and Enquest at the moment.

No sign of Load #30 - Heather still at MacDuff.

Spare a thought please for the shareholders of Flybe today who have been well and truly shafted.

The SP was 16p last night but after todays takeover deal they have been offered just 1p per share.

Currently the SP is around 3p and falling - probably heading for suspension.

Spare a thought please for the shareholders of Flybe today who have been well and truly shafted.

The SP was 16p last night but after todays takeover deal they have been offered just 1p per share.

Currently the SP is around 3p and falling - probably heading for suspension.

romaron
In some ways Enquest is a direct reflection of AB himself and his Palestinian background - rather complicted - maybe that why the establishment has a rather distant relationship with Enquest.

The main point here is that brokers are steering their investors to reduce risk but growth companies like Enquest are all about risk and higher returns for the investor.

Therefore, by applying the same risk profile to say Enquest and BP it is only to be expected that the broker will see less risk in BP and every conceivable risk in Enquest.

So broker forecasts for any growth company are I think misleading but if you plan to invest in a FTSE 100 company they are much more useful.

Squif

The last load was around the new year from AK - later at Sullom Voe because of weather delays - it was around 500-5550k.

It should have been a week earlier - around Christmas - but AK had a problem.

I was hoping that we would have had a hook up around mid week this week to mitigate the time loss but so far nothing - although Heather Knutsen is only around 5 hours from AK at MacDuff so we could still get some action.

None of these figures will be in the mix yet for anyone - including brokers - but the reliability issue needs to be sorted or everyone's figures will be wrong !!!

Barclays have also reduced their price target for PMO and downgraded Tullow today - a simple reflection of where THEY think POO is heading - nothing to get excited about.

Hello Pelle

Nothing yet but Heather Knutsen is just off the Scottish coast at Macduff - less than 5 hours sailing time to Kraken.

Most of the other fields have tankers assigned to them so hopefully she will soon be Kraken bound.

LSE2000 lives - he still has his Vodafone shares but seems to have sold Tesco. His main aim now is to deramp Debenhams - his last post there was on 1st January.

Not sure ponzi is Lse though - he doesn't seem to have the same finesse.

Good news - Don is on her way back to Kraken - ETA 08.00 tomorrow - normal AIS service will be resumed.

AK was also picked up by another AIS station on the Norwegian Mainland earlier this evening.

We should see an update later this month or more likely in the first half of February - but with Enquest nothing is certain.

Well they very nearly pulled it off and surprised the market but what a silly mistake.

When will retailers not realise that Black Friday is here to stay and that they have to fully embrace it.

It will be interesting to see what use organic growers make of Poly4.

My guess is that they will use it as a soil dressing to build up nutrients in the soil over a period of time - maybe they will use raw polyhalite rather than Poly4 to get a slower release of nutrients that they prefer.

Armada Kraken's regular safety vessel is currently sailing to Norway her place has been taken by Esvagt Dee.

Unfortunatly Esvagt Dee is not an AIS station this means that unless other AIS stations in the area pick up AK's AIS signal we will be left without coverage as is currently the case - AK will not be seen on the map other than as a generic satellite image.

No sign of load #30 yet - Heather is still at Mcduff.

Golfer I cannot argue with your logic, personally though I think it is important to remain invested in a company to maintain the contact with it - then I think it is much easier to judge when to change the level of your investment.

Here is the RBC rehash -

On a sum-of-the-parts basis, discounting at 12.5% from January 2019, our risked NAV for EnQuest is 47p/share. Our valuation comprises 37p/share for the company’s core asset base (producing fields and firm development projects), including the Scolty Crathes which achieved first oil in November and the Kraken project which came onstream at the end of H1/17. Scotty- Crathes and Kraken remain risked due to production challenges which remain unresolved due to funding constraints, which could impact reserves at year-end. Our price target is set at 15p/share, in line with our Core NAV at $60/bbl long-term. As a development focused business, we expect EnQuest’s stock to reflect its progress in moving developments into production. Our price target in line with our Core NAV reflects implied downside and supports our Underperform recommendation

I have found more info regarding the reasoning behind the RBC downgrade.

This is from a Swedish paper using google translate -

"We believe there is a risk that covenants will be broken if oil prices continue to trade below $ 60 during the first half of 2019," writes RBC.
In connection with the recommendation reduction, the benchmark was also written down from SEK 5.4 to 1.7. RBC is thus clearly below the average price of just under SEK 3.5 according to a summary from Bloomberg.
The analysts are generally waiting for the share. While six have retained the recommendation and three are now recommending sales, only one analyst in Bloomberg's compilation sees the buy position in the stock.

This is just part of the article - the rest can be found here

https://www.di.se/live/rbc-ser-risk-for-att-enquest-bryter-mot-lanevillkor-med-lagt-oljepris/

Look out for WTI breaking resistance at $49.41 - not far off now.

US officials in China for trade talks - today and tomorrow.

Heather or another shuttle tanker making a move towards AK - by midweek.

Hello Pelle

I wouldn't discount Kraken yet - I get the impression from tanker watching that the problem isn't the field itself but AK.

If Enquest can make AK more reliable I see no reason why we shouldn't see the magic 50k as Enquest planned.