Member Info for chilting

Yes, it looks like the standard 500k or thereabouts load destined for the US - all the US bound loads seem to be very close to 500k, the only 600k load went to Canada.

It certainly does become more tedious and frustrating as the years go on and this board is the best and probably only place that many of us can relive our frustrations and let off steam - LSE mental therapy !!!

it may take a few more months yet 121, but I guess you will be in need of the therapy soon or ENQ will send you barking mad !!!

Kraken - I guess it was the falling production and the fact that all Enquest's fortunes are based on the Kraken field that failed to convince the market in the March update - plus the March shutdown at Kraken didn't help. Also the March update was very very lack lustre.

All in all the market has just seen a decline in fortunes allied to high debts for a prolonged period at ENQ.

The September results, we know, will show a reversal of that trend and that will start to lift the SP, especially if POO remains at around current levels - as usual patience is the key !!!

The judgement of the market is based on this -

http://www.lse.co.uk/share-regulatory-news.asp?shareprice=ENQ&ArticleCode=lggr4ixf&ArticleHeadline=Full_Year_Results

Until we get our next set of results that wont change - role on September !!!

Hello 121

It looks to me that POO is basing out so it probably wont fall back from here whatever is thrown at it.

I agree that Brent probably wont rise towards $100 and that it will remained bottled at very close to $80.

Actually a prolonged period of consolidation around the $80 - $85 mark would be good for ENQ, it would give stability and hopefully attract new investors and in turn push up the SP, especially as output increases and debt falls.

Meanwhile back in the sanity of the real world - the offtake continues - around 23 hours and counting.

It looks like 2018 is going to go down in the history books as the year that idiot politicians from both sides of the Atlantic did their best to wreck our economy !!!

Hello Auson

Keep an eye on ITX when it comes back - hopefully in the next few days - there are very few shares in circulation so it could hopefully fly.

I should add ….. doesn't make much difference to debt repayment other than the increase in net profit will enable debt to be repaid quicker.

Thank you 121 and MO

The bottom line is that a strong Dollar and a weak Pound is a good combination for ENQ and is very beneficial when it comes to operating expenses but doesn't make much difference to debt repayment.

The development of Mariner makes Kraken look easy by comparison - Statoil will be relying on POO remaining high for a prolonged period to pay off the investment and meet the high operating costs.

The trouble is that EVE don't have an effective route to market at the moment - the marketing costs via the web are to high.

It all depends on the Dreams deal and sales through other existing retailers, if they can build here they have a future, on the other hand if the Dreams deal is just to clear stock they don't.

Thank you very much MO.

With all the political uncertainty over Brexit the Pound may well fall even further, this is very good news for ENQ as income is all in Dollars and most expenditure in Pounds..

My question is does anyone know if ENQ pays of its debts in Dollars or Pounds ???

It may have been looking like a first light hook up but in the slow motion maritime world that seems to mean around 11.00 BST - maybe ???

Its all looking good for a first light hook up tomorrow morning with Oceania approaching AK's stern from the south east.

The weather is more or less flat calm.

Hopefully we are looking at a 600k offload to justify the few days delay.

Life aboard a shuttle tanker must be a boring as hell, then it starts rolling and makes you sick !!!

Yes, but how long is it since any of them gave us a buy rating - even though it is only speculative.

121 - Yes, I certainly agree Trump is his own worst enemy but the Russians are on the scene in both Venezuela and Iran - they could provide the fixes to both at great financial gain by investing in infrastructure in Venezuela and acting as a conduit for Iranian oil.

There has certainly been underinvestment and the point is well made in this article.

I think that firm POO will remain at just above the current level into the 2020's but a few achievable fixes could balance supply and demand and avoid a spike.

The fixes needed would be to free up Iran and fix Venezuela and Libya.