Member Info for Indy0105

Truss has had a change of mind with tax cuts to save her job!

Just need oil to stay 90+ bucks for 6 months. This should enable payment of the ENQ1 retail bond and half of the 400mill RCF. The fact that they didn’t use all the RCF to pay the HY bond shows AB is still not happy with the amount of debt. I think he knows next year could be volatile with regards to oil price. Best to be able to easily cover debt and expenses at 60. Hopefully they will continue to hedge at 70+ to protect against the downside. Still not out the woods yet but hopefully this has put a floor on the SP.

Divi here looks good value at 270mil MC. No debt and a decent set of brands. I suspect if UK bonds don’t implode this will recover well next week.

So a not so good CPI print is baked into prices so I think we have bottomed for the moment unless it comes in really hot. We should see a good bounce today. If all hell doesn’t break out with the UK gilt market then then Friday and early next week should continue the upward momentum. Earnings have looked pretty good for the first few US companies that have so far released. So I’m banking on a nice bear Market Rally for the next few weeks. Let’s hope the BOE doesn’t screw it up!

They still have some ****ty hedges next year on gas.

Really good news. I suspect first Divi next year once the remaining 2023 retail bonds have been paid off. Should see a good bounce today.

Last few days the 50,100. & 200 day moving averages be taken out with no defence. This I found strange. All indicators are showing this is now oversold on the Stoich, MACD, RSI, MOM. Should see a bounce tomorrow, even if it is a trap.

No changes in shorts today, but volume was about 30% higher. Selling by the Algo’s was noticeable higher, especially when buyers came in. Hence my comment earlier about a seller. I’m expecting a TR1 in the next few days.

No conspiracy theory’s here. There is another seller. Either this is a second shorter or a large holder selling. The next few days should provide some clarity. But it’s 13% down in 3 days on no news. Lucky my BP and Enquest (added to today) still in profit.

What the bet I hit my 15-20% TP on those trades and still get in here post the updates at £3.0-£4.00

Brave, very brave. Deleted my 3.80 limit buy. This is heading much lower!

If Taconic are such a big shareholder, they with board orchestrated the rise with the buy backs so they could then dump. Why were HBR buying the shares back so quickly? For this very reason. Now the 60million shares they bought are going to be dumped back losing another 20%.

This is embarrassing for the board. There 300million buy backs will be under water at this rate. The dumping going on will send this back to to lows if they plan to short the full 8%!

Dollar goes up - Dent comes down as debt is in sterling and converted to dollars - valuation goes up due to less debt and strong dollar. Win Win Win

https://www.enquest.com/fileadmin/content/press_release_pdfs/2022/2022.10_EnQuest_Credit_Update_-_vFinal.pdf

The Group repaid the outstanding RBL facility cash balance of $90.0 million in September

Net debt stood at 750mil USD.

The bond will easily make the 300mil. I wrecking it will be over subscribed, even in these tough market conditions.

That’s a big holding. Either way this being played/manipulated. Don’t expect it to move as you think it would unless big buyers come in, which at the moment looks very unlikely. BOA also have something to do with this with their holding. These games can for months. The city knows what’s going on and that’s why no one is buying other than retail.

How much does Noble hold here?

Wow, the last time the FTSE250 was this low other than the covid crash was 2016. 6 years of gains wiped out in 10 months. This is getting brutal! So many companies on silly valuations, even going into a recession. When the market does turn will be easy money!

0.8% short built in 4 days. That’s around 8.6 million shares. I would not be surprised if this reaches 2% by the end of the month.

Shorts up again 4 days on the bounce!