Member Info for hitman1a

The share price is low enough for directors to make purchases. If its a choice between paying out a dividend or share repurchase, I'd prefer the latter as i think it would be more financially rewarding to see the SP rise. None of which will happen this year or even next year. But if Brent rises to $45 by mid July with airlines functioning, the SP should get a super boost like the rocket that was just launched from the USA. We also have the Western Flank Kraken wells to turn on if we need another boost in Q3 to get our annual production at the top end of guidance for the whole year. Set up nicely for 15p short term target...and then Opec meeting in June to steer the rocket with the right trajectory all the way to 30p and beyond.

I am one with the force, the force is with me. May the force be with you too.

It might have been me, 1p rise for every $1 increase . If we hit $40 within the next 2 weeks, then we can accept a slow upward trend to the GS target of $65 by Dec 2021, with a corresponding increase in SP, but maybe high 40s, not sure about 60p yet... just depends on the actual rate of deleveraging next year, ie if we get $65 earlier than expected. $55 plus is good enough. My inclination is Saudi want that price this year asap to help balance the books which would also help our FCF a great deal.

We should be climbing to 14p/15p next week based on Brent improving late Friday.

August contract nearly $38 and yet we are still 12p.

I can smell $40.

I've never seen anything similar to that, but given there are nearly 1.7b shares, it could be that another RNS is on the way. I'd be impressed if Enquest were using the share buyback option, assuming they had received permission from the lenders. Perhaps that's what AB meant when he referred to them being supportive. My guess is Schroders might have reduced their holding a little.

Bound to add a few more bucks to the price in July when more short haul flights get going. What if the man outside the pub is right.. $50 in July as the oil on the ships booked by SaudI aren't tor sale yet. That's what I would do too. That means the excess that GS said would have to be used before prices rise is no longer the case. That brings forward the $50 target from Q4 much earlier than expected.

Lee Robinson of Atlana Wealth was just on Bloomberg. Mentioned Tullow and Enquest as examples of second tier European oil companies (no disrespect meant) that had covenants in place that required partial hedging in order to borrow money in the past., so would not have been materially impacted by negative oil prices in April.., Bit surprised he mentioned Enquest.. but proves people are aware of the company. I guess his general strategy would be to sit and wait for a recovery and then sell. Between 08 and 09 the oil price moved from $40 to $80.. so perhaps with a lack of investment in Shale going forward as opposed to previous years of just spending more with no return , we might see a move upwards over time as the economy recovers.

I’m almost out of amo too , have a couple of rounds left stacked at 12p to help out the average for the eventual upside , but it’s not looking good if we come across any more Comanche.

Giddy Up Horsey ... raw hide ... aka sore ass riding this share

Up to 3.24% . But Brent is off it's peak..

13p target tomorrow .

I’ve never read anything good about the Enquest Producer , and gaffs .. reliant on higher oil prices to mask faults on board , let alone the massive gaff with the underwater pumps that needed replacements at say $50m , plus it was financed with a farm in from a third party that was given a money back guarantee on the loan , so sooner it’s gone the better . A bad decision made by AB and JS in the early days when they were wearing their Miami Vice suits walking down Regent Street and Enquest was probably worth near $1b . The old business plan of taking on older assets and assuming a higher oil price is dead . Best thing now is what they are doing ... focus on core assets only and sit on hands . Deleverage as fast as possible to save interest charges . Maybe the sp will rise quite a bit more than expected as Brent approaches $50 as we are no longer wasting money on bad assets .

Too many caveats preventing a share buy back scheme, even though it got approval again this year . £100k / day spent on this for 18mths would be a great way of boosting the share price without drilling, Let’s see if the new wells from the Kraken Western Flank make any difference to our share price , But got a feeling production is high enough as it is. Not a bad thing to save them for later on unless we can cope with even more frequent tankers .

Waiting for the super cycle next year in 2H 2021 , Even GS have a $65 target by 31 Dec 2021 , no idea what the sp will be , but if we get Brent $40 late June 2020 and trend to $65 over 18 mths , I think our SP will respond positively . x2,x3, perhaps even x4 from 12p ish today .

Thanks for that.. I take a different approach..1p increase in SP for every $1 increase in Brent.

13p is $36 , so guess we reach 21p when Brent is $44... but when ? I'd say over the next 16 weeks. But I'm looking forward to Brent $55 at somepoint early next year and a market cap of £500m , ie.30p plus. If somehow we get there earlier, then even better.

I've had a word and taken him off furlough .. Brent nearly $36.. so with the right words...13p

House needs a paint and scaffolding ain't cheap.

Think I read the Canadian Border with US reopens on 22 June , guessing thats when WTi gets a boost ., Our sp is struggling now , even when Brent is over $35. There are too many small trades so looks like we will rerate higher in early Q3 when the border has reopened. GL , cairn seems be responding well so Kraken must be doing well too. Brent $50 .... sooner the better

You can't rewrite the stars... Brent $36 gives 13p.

GS say $60/$65 by Dec 2021... question is how much can demand bounce back to bring forward that price. They original said Q3 2020 before Covid earlier in the year .. so I guess I'm confident about the trend especially if Opec + can continue the larger cuts for the rest of the year.

My google is broken ... looks like 12p being paid via alternate site

Doubt it , maybe 13p.

Engine only hits high revs when Brent moves beyond $45.

https://m.investing.com/news/commodities-news/crude-oil-higher-producers-cuts-could-be-extended-2175380

If possible this would get us back to Brent $50 plus in Q3. ? The last thing we want is OPEC+ saying coulda woulda shoulda .... .......just do it.

Judging how busy the roads are , I think fuel demand in Q3 will be higher than the GS model which indicated Brent $30 for Q3. Apart from jet fuel, I’m now pencilling in Brent $40 for Q3 , perhaps even mid June. As Trump says there is pent up demand. People want to start doing things and that all involves using oil . Eg Computer says car needs a oil change . Just wear a mask until September and then get the UK vaccine . But concerned the UK is looking at negative interest rates , and that strengthens the dollar , but i guess that works better for Enquest too.