Member Info for hitman1a

If you bought in yesterday or topped up etc, you'd be sitting at a 6% profit today .
But the volume is still low imv, in particular a lot of very small trades. There is a real lack of II interest which I guess might change after the CMD. Look forward to 20p plus tomorrow as Brent is more or less $63. Chesapeake now saying they have loan tightening rules applying over the next 4 quarters which can only be an indication that others are in similar positions. I think they mentioned 'going concern' issues and the stock fell accordingly. .

I think they expect to utilise $3b of tax losses over 5 years, so I think now Kraken is performing , profits should start to come in quite a bit as well as debt reduction, now capex is coming to an end .

Flat production from 2020 year over year sounds like good news , they need WTi in the $65 plus range for several years to repair the balance sheet and equity valuations , that bodes well for Brent at $70 at some point next year , say 6/9 ie next Summer

Barclays yesterday struggled with £5k lots as well, but larger amounts were more successful straightaway.

Looking back at purchases I made about this time last year at 23.4p thinking they must have fixed Kraken by now given it’s already been 18 mths and the Sp should bounce back to 25p, but it’s taken another year to really get it sorted , Total 2.5 years of extra work which investors walked away from , I do believe things are now right and we should see a higher SP , but how much will it rise before the CMD , ? Target 21p for me .

Cheers E121 for the gas numbers , maybe they will release some unaudited Q3 Numbers , plus Oct to give to analysts . Make it easy for everyone . Extrapolating forward might encourage some analysts to raise the sp targets

https://www.ft.com/content/4f6580dc-ff53-11e9-b7bc-f3fa4e77dd47

I'm thinking this is good for global trade and Brent.

FT reporting it , picked up by Bloomberg.
Washington thinking about it.

US China phase 1 deal must be close .

Occidental slashing costs upto 40% next year following Anardarko merger, most cuts will affect Permian shale area in 2020. Some overlaps, but doesn't bode well for growth in production.

So the CMD is about re-setting the image of Enquest. Analysts and Institutional investors will get an update on the strategy, updated financials, debt reduction, 5 yr plan, capital and potential dividend policy.. etc / plus more exciting bits.

Rest of us can watch it online and read the Ops update. All good stuff on the 21st to fill the gap until next year imv.
Must be worth 2p upside / target 21p

Many thanks GKB47,

CMD can release some numbers for Sep 19 and Oct 19 .. and the updated yearly average to date.
Perhaps they can even narrow the guidance for the year.

It's not as if they can release quarterly earnings, so I guess it's an upgraded operational update.

Not sure there will be any big news on CMD , just general update. Just wondering what they could say to improve the share price... But I dont think they will change annual production guidance. There really isn't anything they can say... apart from detail capex reduction from q2 next year and accelerate debt reductions more than the required amounts. Perhaps $350m instead of $150m.

First Oil was way back in mid 2017, I expected this sort of production in early 2018, I guess you could say it’s sorted, just wonder how many bad / incompatible parts were originally installed .

It’s good, but the share volumes are very small, . Long wait for next accounts : must show profit of more than $100m for 2H 2019.

23p ??,,after CMD , perhaps early Jan 2020.

Just waiting for the RNS from AB

It’s motoring now a little.

£5k at 18.29
£15K at 18.37

Barclays struggling to supply imv. Over to you AB .. will wait for the RNS. Brent boomed past $62
I'll probably sell at 20p near the CMD and buy a new hoover/washine machine/dryer/car battery and maybe service the car, GL. Can't keep delaying capex.

It’s no coincidence the Saudi IPO got the go ahead at the same time more articles mentioning the slower growth in Shale production appeared in the news.

The problem is that analysts had decent SP targets before , did the analysis based on available info , but the actual events unfolded and the company didn't produce any profits.. so I think the situation hasn't really changed yet.. I would agree if 2H 2019 surprises to the upside of more than $50m profit, then the SP should rise.. So it's a gamble if there are even more exceptional items to follow in 2H, and although we have the CMD soon, I doubt they would be able to give any guidance..

18p still looks like to great entry point for Q4 upside given Brent is rising.. with 20p target.. 11% gain.. I might get some more tomorrow, but not at the open.. The volume is so low, for some reason.. perhaps someone has a large order to fulfill, so I might just put mine in at 18p and see if the SP bites on it. I expect to see 19p at the open with a large spread.