Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
From the earnings call transcript:
With regards to the Magnus loan “ the vendor loan will actually be $100m rather than $200m”, so that’s $20m pa over five years.
With regards to K production they mention “36k boepd average for August”. They also mentioned that there will be no problem paying the RCF for October.
https://seekingalpha.com/article/4205046-enquest-plc-enquf-ceo-amjad-bseisu-q2-2018-results-earnings-call-transcript
DD
PS Fernan my apologies, it wasn’t you who mentioned the lack of underwriters for the RI. That said I will not apologise for stating how negative you always are here when posting, seem to enjoy it too which asks questions about your motives!.
Fernan,
As usual you always feel the need to put a negative slant on news here. You posted earlier that there was no underwriters for the RI, which I suspect you know not to be true, or you just thought you would put a bit more negativity out there, as always. You managed to find a snippet of negativity (in your opinion) on page 276 out of 344, phew, but failed from what I can see in correcting your earlier post about the RI not being underwritten, which was on page 20, tut tut:”The Rights Issue is fully underwritten (other than those New Ordinary Shares which Double A Limited and the EnQuest EBT have irrevocably undertaken to subscribe for, as described below) by the Joint Bookrunners in accordance with the terms and subject to the conditions of the Underwriting Agreement.”
DD
Happy with the news today, happy to increase my holding by 9% at a sale ticket 37% off, with no dilution and my money used to invest in an asset that is likely to have a payback of less than 18 months. This is on a forward PE of about 4 and is cash generative and reducing debt......bargain IMO.
Those that are no doubt whimpering are too focussed on looking in the rear view mirror and the daily sp movement, if you don’t like it and completely mistrust the BOD then sell up, I’m happy to buy your shares too before ex day, as I’m sure many others are too!.
Just may take a while longer to get to 60p but the risks are minimised and the growth is more assured, thus so are my profits (providing poo plays ball, naturally).
Rom - Excellent posts, thanks.
DD
Auson,
You posted earlier in agreement with squiffy, May I ask what was it you agreed?.
Sorry but are you now saying the gaps you posted are not gaps but resistance points?, no offence but that’s very misleading, as I posted, there are no gaps that I can see.
DD
No TA but not all gaps are filled, depends what type of gap it is, I see no gaps to be concerned about below it’s current sp.
This has gained over 35% in the past 3 months or so and can guess that a certain iffy squiffy is still crying and knocking the Compamy.......why would someone who holds (allegedly, pmsl) do that I wonder, particularly with results a couple of days away!?, say no more, best kept locked up IMO.
GL
DD
Hi Jan, thanks for that, sounds about right to me.........proper schoolboy error yesterday in my calcs, oh well, lol.
Hope you and the family are having a good time, our patience here will be rewarded and hopefully fund a few nice holidays!.
All the best,
DD
Please ignore my last stupid posting everyone - it’s been a long day.
Yep Jan $300m should be within reach - using average daily prod and forgetting gross prod for half the period is my mistake of the day!.
Don’t think I will be able to,post again, the shame!, lol.
DD
Hi Jan, hope you are well.
Unless I’m missing something, probably am, but from quick calcs I reckon EBITDA will be higher than $300m.
For 2017 the average price Brent was $54, this year to-date its averaged $71, an increase of 31%.
For 2017 average net production was 37k boepd, this year to end April it was 56k boepd (with net K only averaging 21k boepd, what’s its average likely to have been for the extra 2 months to end June?, net 25k?). Just using average prod to end April it could be up about 50%. So with Brent up 31% and prod up say 50% for H1 when compared to the whole of 2017, then why would EBITDA be the same!?........could be $400m. Appreciate it’s a lot more complex than my back of a fag packet quick calc but as a guide?.....plus I’m lazy and got better things to do than get it to the cent......or as I said I’m missing something!.
DD
Hi MO,
Will see if they do issue an Ops update in the week (they didn’t the year before last), either way H1 is 6th/7th Sept.
This article says what most longs (including myself) think, just need the market to think the same as well, which I’m sure in time it will:
https://www.fool.co.uk/investing/2018/08/17/3-top-oil-stocks-id-buy-today/
DD
Sorry chills but UT is just the balancing of the books, not a real trade.
DD
KO
Jeez.....the UT is not a real trade, how many more people have to tell you!.
You need to grow up ffs.
Back in the cage you go as you are a waste of time and have better things to do than argue with a 5 year old.
DD
KO
I’ve beem mentioning the lack of IR/PR for a while now.
Bashed you KO because you are as volatile as the sp, constant moans when it falls, peeing your pants when it goes up a penny. Also, from memory we locked horns because you failed to accept what an UT is all about.
Had you locked up as repairer and for a while as KO because you need to chill and stop feeding trolls.
Have a good one
DD
PS have emailed and nothing, no surprise there, that’s why I’m mosning!.
Fully get that chilts, but it’s not just sign off, what news on the data room bidding for 20%. They failed to delivery sign off in H1 so simply stating “imminent” isn’t good enough IMO, give a date, they banged on about H1 for long enough now it’s giving the impression there is something wrong - the one thing the market hates is uncertainty.
As I say, it’s the only gripe I have with the BOD, they give very conservative deadlines and targets generally so under promise and over deliver, but this can bite you on the arse big time when it ends up the other way round, and that’s the danger with K sign off......just get it done!.
DD
Hello Chilts, thanks.
Trouble is since when did 3 months constitute “imminent”. My only gripe with ENQ is their appalling and non existent PR and very poor communications to the market and shareholders - doesn’t exactly inspire or provide confidence for new investors when other company’s issue news pertaining to ENQ prior to them releasing anything.....just having a moan, my patience is wearing thin now.
DD
Ep121
Yep you are correct, hadn’t realised it hit the media on 18th.......surprised nobody on here flagged it though, oh well.
We need some news about AK, AB’s reference to “imminent” sign off borders on taking the **** now IMO.
DD
May cause a slight short term blip Monday?
https://www.ioshmagazine.com/article/hse-notice-enquest-oil-platform-near-miss
DD
Makes me smile, the idiot at Barclays suddenly more than doubles the target price after what material change? - nothing as far as I’m aware. Most holders on here have known for some time this is worth 60p minimum.
The market has decided that Barclays forecasts have no credibility, don’t get me wrong I’m glad of any re-rating, but this was up initially around 7% (on a target increase of nearly 2.4 times), which was about 3% more than TLW and PMO, it’s closed up about 3% to these as well, so the market rates Barclays pathetic analysis and forecasts on a par to 1p, IMO that’s all the analyst is worth!.
Good luck all, we will get there........eventually.
DD
Iffy Squiffy isn’t long here, hasn’t been for ages, don’t know why people even give him the time of day.........he wants this to go under, he’s as short as Ronnie Corbett (RIP).
DD
KO
Cairn up apparently because UBS has made it one of their top picks on its "undervalued projects".
DD
Hi MO Apologies, MO never doom and gloom!. Next load 46k, then sneak in a quick one before end of month at 50k, sign on dotted line........away we go!, simples lol. DD