Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
We would have seen that if AB had given the market more information. Most of the investors do not believe in figures presented in this chatboard or on the Avanzachat. We always get a productionforecast. It would have been very easy to give a forecast of FCF if get average oilprice of:
a) 60 dollars
b) 70 dollars
c) 80 dollars
d) 90 dollars
e) 100 dollars
Maybe he thinks that people can count on their own. The fact is that a majority of the market do not count at all.
Our time will come. All days is actually very good days for Enquest with todays oilprice.
Every month we add a value of around 2 pences per share.
Interested investors can see this fact despite our boss AB give as less information as possible.
Most other managementteams would have highlighted the fantastic GE-deal, given some figures of what advantage it was to make the deal when the price of oil was around 45 dollars per barrel. I am confident that despite it will take little more time to reach a more correct value of our shareprice, we will get our gratification that day AB tells us that now it is time for divend and share buybacks. When we start with share buybacks of about 500000 shares per day it will be more difficult for the algos from MSE and MLEX to trade our share. Even the swingtraders will have tuffer days to trade when Enquest every day buy 500000 shares and never put them back in the market.
Last thursday we had this trade:
Anya ideas about the block today?
14-Oct-21 11:17:24 24.64365 6,610,000 Sell* 24.80 24.95 2m
Today there was a block in Enquest of 6610000 shares. Who can be the seller and who can be the buyer?
We can see that todays trade is the same amount of shares. But there seems to be a correction of todays trade.
22-Oct-21 10:39:56 25.35383 -6,610,000 Buy* 24.85 24.95 -2m O
22-Oct-21 10:39:56 25.35383 6,610,000 Buy* 24.85 24.95 2m O
The best way to increase our marketcap would be if AB uses a small part of the FCF for dividend and buyback of shares. 1 p twice a year would cost Enquest 45 million dollars. Lets spend another 55 million dollars on buyback shares. With an average shareprice of 34 p Enquest will get 120 million shares. That means 600000 shares per day in 200 days.
Why that nervous? It is only first of October today. Enquest informed in half year report second of Sebtember:
Agreed to acquire Suncor Energy UK Limited's 26.69% non-operated interest in the producing Golden Eagle area for an initial consideration of $325.0 million with completion expected around the end of September.
Ecpected around the end of September I interpret as from September 20 to October 10.
Every day with POO like now is a very good day for Enquest. My advise is just to be patience.
Density= (141,5/(API+131,5)
Kraken API=13,7 gives
Density=141,5/(13,7+131,5)=0,9745 kg/liter
Density=Mass/Volume
Volume=Mass/Density=1000/0,9745=1026 liters
I barrel=159 liters
1026/159=6,45
500 dollars per 1000 kg gives us
500 /6,45=77,5 dollars per barrel
https://shipandbunker.com/prices/apac/sea/sg-sin-singapore
https://twitter.com/baroninvestment/status/1347547201606737921
Density= (141,5/(API+131,5)
Kraken API=13,7 gives
Density=141,5/(13,7+131,5)=0,9745 kg/liter
Density=Mass/Volume
Volume=Mass/Density=1000/0,9745=1026 liters
I barrel=159 liters
1026/159=6,45
400 dollars per 1000 kg gives us
400/6,45=62 dollars per barrel