Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
On the 1st Jan this year the sp was around 11p, I would be looking to add here at 22p and that's in just a few months. Plus the near future is looking very good. Well done to mrc for selling when he did, credit where it's due. If I were him I'd be looking to buy back in now before completion of the GE deal and say thank you for the extra 10% of shares. Hedging in place and production going up, no concerns here (imho). Keep the faith.
PS can anyone give me directions to Tescos?
Thank you Londoner and mrc for your input. If I read this right l010, we had 4 mil hedged in the range of $53-$62 as per the 4th Feb ops update, since then another 5 mil has been hedged at much higher prices bringing the average to $59-$68. During this time we have cleared 2.8 mil of the original hedge leaving 6.2 mil left at the end of April with the range of $63-$72. This in fact appears to be excellent hedging, though I am unsure what premium we get for kraken oil.
If Brent continues in this manner, with the refinancing and GE deal, if we can secure a further good hedge by the time the 6.2 is sold (sometime Sep) we could be in for a decent rerate over the next few months (or by Oct as Jan puts it). Though I do enjoy reading krakenoils rants in the meantime
That's how I first read it. I do have a question though, with hedging are we obliged to sell the next 6.2 mil.(for example) within this range (63-72) or can we spread the sale of these 6.2 mil barrels over the rest of the year, selling the rest of our production along side at current Brent prices?
EnQuest has hedged a total of c.9.0 MMbbls for 2021 predominantly using costless collars, with an average floor price of c.$59/bbl and an average ceiling price of c.$68/bbl. As at the end of April, c.6.2 MMbbls of production has been hedged with an average floor price of c.$63/bbl and an average ceiling price of c.$72/bbl.
Lol not sure now, it's the use of the word "total" for 2021 that made me think that
Please correct me if I'm wrong
I believe it's 6.2 mil as of April, i.e. the 6.2 mil is what remained
No
You might find this drags the price down a bit too "...And now, Saudi Arabia has said it would suspend its voluntary unilateral additional cuts that amounted to 1 million bpd and that Riyadh effected in its whatever-it-takes quest for higher prices..." (oil price.com)
2020 results are expected on the 25th March as per the 4th Feb ops update
25th March mate
I too had my phone in my hand wondering whether to sell at 18p+ simply as I thought I may be able to buy back in lower, but I know the one time I try that they will keep going up.
I think we will be back up again before long, there's always going to be profit taking and the drop in the poo is bound to spook some. We should have a hell of a draw in next week's reports, we still have 5 weeks plus of the Saudis 1mil cuts and demand will be coming back before too long (IMO). I am hoping we will be testing 20p here by the end of spring. Keep the faith and if it keeps dropping to 15p or so I'll probably buy some more. GL all
Enquest Plc has announced details of an Open Offer. Your account will be credited with a number of entitlements which can be exercised at a fixed price, with no dealing charges, to receive additional shares in the company.
Enquest Plc has stated that it anticipates raising up to USD 50 Million of Equity through a placing and Open Offer, to fund its acquisition of Suncor Energy UK Limited’s entire 26.69% non-operated equity interest in the Golden Eagle area, comprising the producing Golden Eagle, Peregrine and Solitaire fields.
To view the announcement in full, please copy and paste the following link into your web browser:
tinyurl.com/27h7w48u
A separate event will be created to allow you to input your elections to subscribe for new shares.
Please copy and paste the below FAQ link into your web browser for more information on corporate actions:
<https://www.ajbell.co.uk/sites/ajbell.co.uk/files/AJB_Corporate_action_FAQs.pdf>;
IMPORTANT NOTE - If you have any questions or queries regarding this event, please send us a secure message and ensure you quote the following in the ‘Subject’ field: CORPORATE ACTION - Enquest Plc - 9630952
Updated: 10/02/21
*AJ Bell
Sorry for late reply Pelle "...Your account will be credited with a number of entitlements which can be exercised at a fixed price..." is the bit that interested me.
*preliminary notice
Check your share dealing accounts guys, details of open offer have been sent
If memory serves, a considerable amount of production was hedged at $36 around late summer/autumn. If so, $50+ Brent should encourage a decent ops update in early Feb (imo)
With all respect, not "all" Brent forecasts are in this range Slift. I for one personally believe these valuations to be on the low side, apparently Goldman Sachs agree, suggesting $65 by q3 next year, just Google Goldman Sachs oil price prediction. Then again, I wouldn't be here posting if I didn't believe this was the case. Your opinion is of course, as valid as the next.
Mate I was lucky and bought in sub 9p earlier this year but I still won't sell sub 20p. gl
https://seekingalpha.com/article/4389644-first-vaccines-now-oil-spikeVery