Member Info for epiphany121

From where I'm sitting, and I don't know you Members, I can see clearly see who should be banned for posting profanity. And it's not KO.

Oh dear members - can't you even be bothered to read the RNS before posting your question??

900K at 19.3

https://twitter.com/realDonaldTrump/status/1173368423381962752

That's Locked and Loaded...

Numpty has opened his mouth yet again and pushed up Brent by a buck..'Locked and Loaded' - he mus have done a thesis on that topic for the past 3 years...Lol.

It's a disco inferno, for poor Neil anyway...

Night all - we'll see what morning brings.

I'll take 65...Great for Enquest..and other oilers..

Shorts burning. ..

This is a good live price site, P...

https://uk.investing.com/commodities/brent-oil-contracts

over 70 now...Phew...

Opened at 68,,,now 69...

Reeks of desperation to try and prevent a huge spike when trading starts in a minute. We shall see...

8 down and 2 to go - Wade off and we're nearly there, GKB. ;-) It'll be great day all around for us when the oil market comes on at 11 PM.

65 anyone??

Lol KO...my speculation may be unfounded then. I care less what happens to ENQ tomorrow, but do care about how the market prices Brent. 65 should be an assured number, to start with anyway.

GKB - I didn't expect this kind of an attack, TBH. It's one think to be attacking tankers or a minor pipeline and another to attack a humongous crude processing facility that processes 5+ mmbbls of crude. Of course, Iranian proxies will be involved in this kind of an attack and hence adds an additional risk premium element to Brent. This was after as recently as last week Numpty was talking up a meeting with Iran. That's off the table now, and that 3 dollar risk premium that vanished on Wednesday and after, after this meeting talk, PLUS a bit more, will be back on tomorrow.

Beerbull, analysing KO's posting patterns, my best take is that he currently doesn't have much of an ENQ position, at least it's smaller compared to PMO. ;-)

I suppose It generally doesn't feel good to sell out of a share and to then see it jump because of factors that no one could've predicted. Hence, the glass half full reaction to what's almost certainly a bullish piece of news..

Good luck to you if you actually believe what you write, Ponzi... 2% Brent - Lol...

At the very least, today's action should rule out Trump striking a deal with Iran in the near term. Good for oil on that count.

Evening P,
I was at your eastern neighbour - in Helsinki. Kiitos. ;-)

I saw you putting your points across to NeilH, and you couldn't be more right. From a cash outflow viewpoint, Enq spent $100 mill and recovered that in circa 9 to 10 months. That can't be too bad of a payback at all eh? We know the vendor loan is $100 mill and that's what is on the books, other than of course the contingent liabilities, which is the profit share. All of this is very visible and can be easily modelled.

I suppose NH will rue the day his short got roasted!!!! ;-) Fighting against Brent isn't an easy task.

Cheers, MO - very useful. I'd been away for a couple of days, close to Pelle's neck of the woods. Everyone, including OPEC, is too optimistic about the US production growth rate for 2020 and productivity improvement or not, if they can get 500 kbopd growth, that'll be a surprise.

Bad news for Saudis = good news for Brent for tomorrow night when it starts trading at 11 PM UK time.

I don't really care what happens to the SP in a day or a week. Brent is a massive driver for Enq's cash flows, and a spike to the mid to high 60s will be nothing but fantastic for Enquest's net debt situation. That's about the only thing that the market currently cares about.

P - good Enquest buy from you, and maybe the timing couldn't have been better..