Member Info for epiphany121

MO, you're right that Magnus is $300M for 75%, but BP is funding $200M and cash outflow for Enquest is $100M, as Moffa points out. The $200M is repayable to BP out of the net cashflow from oil sales from Magnus production. I'd agree with Moffa that there won't be any buybacks in reality. If we do well with oil production in the next few quarters, the SP will take care of itself. ;-) Best

MO - it looks like the driver was dodging those massive 1 metre waves in the North Sea.

Lol...

Wonder away, Squiffy. Breathe some life into this board after your wondering mind comes up with an explanation. I'll be sipping cocktails till then.

You tell us, Squiffy. With your 900K shares, you must be sipping on water with all the moves up in the past few days.

Jan - there's a vessel search option on the top left hand side of the page and you can type the name of the vessel and it zooms to the ship. ;-). That's no rocket science I promise you. And you click on the ship and you get the ETA in the pop-up window.

Maybe this partly explains why Brent fell today after hitting $80 and US oil stocks are off solidly in the last couple of hours. https://www.cnbc.com/2018/05/22/opec-may-decide-to-ease-oil-supply-curbs-in-june-sources-say.html

Isn't this the trouble with trying to rationalise the SP movement on a day to day basis, by tying it to a host of external factors, such as every day oil price movement? ;-) Lol. The SP has been moving up anyway recently on the back of higher POO, but we need a positive update on Thursday to get a meaningful leg up from these levels. My tuppence.

2 Tugs (Smit Cheetah and Hampshire) are alongside HK now, starting to get her going out to sea. Hopefully, we get to AK sooner than 7AM on Thursday.

WA - I had no clue till too, till in started investing in ENQ, and I've taken every opportunity to learn from the likes of MO/Chilts about these legendary beasts.. After all, if I've put my savings on the line with Enq, I'll try and be as much as in know as I can be about everything that i believe makes Enq a great investment. Here's keeping my fingers crossed for that elusive quid SP soon.

Thanks for that clarity, MO. It looks like the previous load offload for HK is complete, as draught now shows 9.3M, as opposed to 13M earlier today. HK should be on it's way out tonight then? Like you stated earlier, hopefully, FS Cygnus carried out optimisation works and we're nearing commissioning signoff. I'm certainly eagerly waiting for a few pieces of good news on Thursday. Best

Evening MO, Do you know how many barrels Heather Knutsen could transport? I can only see gross tonnage, but not quite any reading in Barrels. Cheers

All..some good news from what I noted just now. Heather Knutsen CONFIRMED as heading to AK. Chilts/MO - will it be a couple of days then to AK? Cheers

All..some good news from what I noted just now. Heather Knutsen CONFIRMED as heading to AK. Chilts/MO - will it be a couple of days then to AK? Cheers

A bloke on CNBC was touting a per Barrel price of $120 by August this year. Yes, that's 3 months out. I'd take that with a handful of salt, however, can you rule it out? Hmm, never say never. It needs a perfect confluence of Supply and Demand sides of the equation to play out. In a 3 month time frame, supply hitches are more likely than demand melt-ups. The candidates are the usual suspects - Iran, Venezuela, Angola. Or a terrorist attack on a large Saudi field. I can too see a run-up to $100 sometime this year, probably more towards the end of the year, if we start seeing large draws in the US and global growth starts picking up. Best all

KO, I'm not sure why you think that current POO is too low for exploration & investment. The reality is that at the current oil prices most exploration investment will make money. There are stats that compared to 2014, exploration costs are down close to 50%, because of the efficiencies that have been recently achieved, alongside avoiding highly complex projects. Yes, investments are still down, but in my mind, that's not a function of the current oil price levels, but the fact that oil price has taken off in the past few months and oil companies are still wary of excess supply pushing down future prices, thus rendering high cost oil fields less than competitive. The longer prices stay at these levels or increase from here, we'll see more investment coming in for sure. If all the oil can be taken out of the Permian that could potentially be produced in another 6 to 9 months could be taken out of that region, coupled with Saudis turning on the tap a bit more, then the supply issues could actually be put aside. What's critical to sustain prices going forwards is how demand fares as a consequence of synchronised global growth. That to me is the real question here. Best

What's the typical format? Is there a Q&A session with the management? Has anyone been to one previously? Best

I don't know about Chilts, but it'll certainly do the opposite if I make short term price predictions. I'll keep my gob firmly shut. Lol...;-)

When I mouse over the Tanker, the destination says Gina krog - I googled that to be Nowegian oil fields, not owned by Enquest. I wonder if this is indeed the right Shuttle Tanker going to AK?

Thanks for the heads-up, MO. Good night.