Member Info for epiphany121

Lol..SB. Best of luck to you. You do need some good news to come out of further drilling in their land or their tests/checks to lead to actual Oil flow rates in their new wells.

Or it could be Heather Knutsen, which is also in McDuff, anchored alongside Navion Oslo. HK has finished an offload for Enquest, to the Triathlon Crude Oil Tanker, a couple of days ago,

A 500% increase for PANR in June, after a set of disastrous drilling results in their Eagle Ford shale formation, in April and the share price dropping 50% as a result. LMAO...Both of you are in cloud cuckoo land - why should I even be surprised though?...

Cheers, MO.

Hydra - one head currently. At the end of June - half a head, which is a 50% decline.

Kiddo Hydra - I already told you that I don't click on dodgy links put up by numpties like you. Can't you write what you want to say, or your kindergarten lessons conditioned you to write nothing more than a sentence long?

In your world everything's possible or so I thought? You're the resident clairvoyant on the ENQ and PMO boards, aren't you?

In your world everything's possible or so I thought? You're the resident clairvoyant on the ENQ and PMO boards, aren't you?

Great move, Hyd.. This worked out well for your trading strategy, I see.

;-) Hence the difficulty in trying to predict day to day movements of POO or the share price. The Italian crisis has been pushing down both the bind yields and stock futures, and no doubt, the oil futures too. We'll just to have to let the dust settle and see where POO and PMO/ENQ stock prices get the required support.

Times like this, I only re-iterate the old market saying - the market can stay irrational for longer than you are solvent. Who knows where this may get before turning. I'm still nibbling at ENQ on it's way down. Here's hoping Brent stays around the 70 level.

If you need a re-affirmation yet again today, yes, you still are. Nothing's changed, other than that it's a new day.

Not a problem - I'll give you 1p to add to your 35p pocket money. You still can't buy your 1 share, you know.

Jan - I wasn't implying that KO wasn't holding that position in my post. I only remarked that he bought a good chunk of shares today. You hold very large positions. My overall holdings are just over half of what you hold and is by no means as significant as yours. But, we all do feel the pain with this sharp downswing in the past couple of days, and it was bad luck that it coincided with this downturn in oil because of OPEC. Oh well - that's the stock market for you.

That's a high volume purchase eh, KO?

Crikey - I would... POO is trending lower, and I hope that Brent doesn't go below $70 even if OPEC does open up their taps..

Clueless IffySquiffy - Touched a nerve did I? Were you sleeping and forgot the fact that Kraken ramped up production only in January 2018? Did you even bother to check what Kraken was producing in November and December 2017, which would've resulted in cash inflows in early 2018? You were the ones making genius statements about revenues and cash. This is a public forum and if I find false/misleading/incorrect statements made, I will respond. If you don't like it, do better research before posting or you can sell your 90 shares, and live off that fortune.

Cheers, Auson. That was a good write-up.

Squiffy - here's the inherent fallacy in your assumption that Sales = Cash. Finance 101 - Sales IS NOT EQUAL to cash flow!!! Surely, you'd know this basic fact before investing in the stock market? Let me give you a scenario to make you understand, if that is indeed ever possible - Let's say that Enquest extracted 1.5 million barrels oil in January 2018 agreed a sale with a refiner in the gulf coast @ $60 a barrel, and shipped it out on 31/1/2018 via a VLCC to them. As soon as the shipment has left the port in the UK, Enquest books a sale on its books. This is treated as 'Revenue'. Does it mean that Enquest has received this cash. NO, NO, NO. The VLCC may take 20 days to reach the gulf coast. Once the shipment has been delivered to the buyer, there will be payment terms such as 30 days or something like this example from a real crude oil transaction " F. Payment: Unless otherwise specified in the Special Provisions of this Original Agreement, Buyer agrees to make payment against Seller�s Invoice for the crude oil purchased hereunder to a bank designated by Seller in U.S. dollars by telegraphic transfer in immediately available funds. Unless otherwise specified in the Special Provisions of this Original Agreement, payment will be due on or before the 20th of the month following the month of delivery." If I were to take either case, the crude shipped on January 31st is recorded as sale on that date, and payment is made only on March 20th. Do you now at least understand the difference between a sale and a cash inflow? It's typically the treasury department's job to ensure that the proper matching of cash flows are done - matching outflows and inflows. in my mind, this is the biggest reason why the cash position is as it is for Enquest at the end of April, even though they may have had excellent sales in the first 4 months.

Ahh..you mean your Hydra costume with all but one of the heads chopped off? I can now clearly see why you only live in the land of confusion!!!