Member Info for Itsaponzi

You better report Marshall Wallace and polygon for increasing their shorts the last few weeks these boys always seem to get it right ?? Good luck spurcegoose2 on your investment we are all here to make money going long or short and personally i think the long has run its course yes it might go to 70p but that will make shorting it easier !! GL

This share defies gravity £1.23b mcap is just beyond belief!! At what price to short it is the question?? Any hiccups with Production and this will be obliterated and most oil companies have a few problems on start ups?? Anyone holding this must be totally mad sorry for the deramp but this has run its course now ..

Lots off debt as well added $2.65b Ithaca is a wholly owned subsidiary of the Tel Aviv stock exchange listed Delek Group Limited ("Delek"), Israel's leading integrated energy company.  The acquisition will be funded through an upsized $1.65 billion Reserve Based Lending ("RBL") senior debt facility, a $700 million acquisition debt financing facility, an equity investment by Delek and existing cash resources of the Company.  Ithaca's existing $300 million term loan and associated Delek guarantees will be retired as part of this refinancing.  

So Ithaca buys the Chevron NS assets not premier oil as suggested a few months ago interesting production numbers new debt and P2 reserves!! Enquest looks in better shape than Ithaca ??? Ithaca Energy Limited ("Ithaca" or the "Company") is pleased to announce that it is to acquire Chevron North Sea Limited ("CNSL") for $2 billion. The transaction will add a further ten producing field interests to the existing Ithaca portfolio, four of which relate to assets operated by the Company, resulting in an approximately 150% increase in the proven and probable ("2P") reserves of the Company and a 300% increase in forecast 2019 production.     Pro-forma the transaction, Ithaca's asset base is estimated to consist of 2P reserves of approximately 225 million barrels of oil equivalent1("MMboe") plus a further 45 MMboe2of proven and probable contingent ("2C") resources associated primarily with additional near-field development and infill drilling opportunities.  The enlarged portfolio, encompassing 18 producing field interests in total, is forecast to deliver pro-forma 2019 production of approximately 80,000 barrels of oil equivalent per day (60% liquids) at an operating cost of approximately $17 per barrel of oil equivalent.  

Eventually AB will own all the shares at this rate it is like a company share buy back !! I have never known a CEO to keep buying shares with his hard earn cash like AB.

Bottom line now is we have turned the corner!! The future is bright here now moving forward so enquest is a great recovery stock over the next 3 years potential a 5/6 bagger Minimum. Build it and they will come and AB is certainly doing that now.

Oil at $70 and we are struggling to hold 20p !! I'm sure this is going to visit 18p again production at 70k debt reduction and this keeps falling. Does the market hate this company that much ?? At what point do the scales tip in a positive way I'm sure its close. Maybe debt does need to be under $1b before a proper rerate. Maybe 2021 will be our year ???

Thanks Pelle that make sense so let's hope AB can upgrade the reserves at Magnus !! Also let's get some deals from BP as they seem to be the only ones that likes us and trusts us going forward. Onwards and upwards now surely this worm has to turn now.

So the RI at 21p was a down payment to start with not a full purchase ?? No wonder analysts got confused with that deal so we will be still paying for it 5 years on and sharing profits along the way with huge interest payments?? Was this deal smoke and mirrors and not accually that great !!

Oil bounced well to $69.33 so back to 72/73 end of next week hopefully!! Enquest will be back to 23p soon enough. Mr Trumpet will hang out these trade wars as long as possible so he can manipulate the markets . But if it kicks off in Iran $100 oil will come quick

Yesterday uodate couldn't have come on a worse day !! So oil rises $2 of it lows and we don't hardly move only seems to be one way in this bent market Looks like a 19p finish today and premier at 78p ?? At least we can't lose anymore on bank holiday Monday. Switch off and enjoy the long weekend now. Adios Amigos

Looks like another AB top up @20.15p 1m shares probably couldn't resist it ??? Let's hope for a recovery tomorrow back over 21p !!Mr Market has enjoyed today finishing most oilys on their lows for the day...

Well my 21.5p finish was nowhere near !! Looks like a revist to 17p at this rate trump wants oil at $50 and will do what it takes now . A bad day for all though let's hope oil recovers at 4.31.

The sell on news never fails !! We will finish 7/8% down at best now. Production up debt down 11% clean of just don't make sense anymore. Sentiment is in the gutter with oilys and has been far to long now. At least when it turns everything will overshoot the mark . GL.

Based on your numbers CD enquest with zero debt will be 50p if its lucky!! I bet your glad your not invested then you probably see hurricane as a better bet ?? That's going to be shorted to high heaven when production starts £1.2b mcap is a ridiculous as it gets just like kosmos.

AB new what was coming and was topping up so he must be happy with the update !! But Mr Market is the one to convince and Mr Market hates enquest with passion and only prices it at virtually bankrupt. Let's see if they decide any different today but I won't hold my breath.

Ok just !!! Debt payment very poor production good so where is all cash going.??? I will be very surprised if we go up today with oil tailing of aswell. So I'm going for a 7/8% of today with the sell on news . 25p is still a distant memory at the moment but hopefully upwards in the coming weeks. GL at AGM

Production 71.3k Debt reduction to $1.7b personally not enough. No to deramp but we will end at 21.5p the sell on news will be no different. GL at the AGM everyone and can someone ask projected debt reduction and FCF year end please.

Talk about stuck in a rut this is like glue !! Let's hope the next update comes with a nice big debt payment!! Minimum $100m but will that move it ?? Probably 10% then dribble back to 20p until the next update. Slowly catchy monkey I suppose. GL.

Great update so we know what to expect I really hope they upgrade Kraken to humiliate cairn energy!! So potential for upgrading our P2 is more than probablilty now. How this has a mcap of $400m is beyond belief. AB is fixing a broken company brick by brick now this is a multi multi bagger in the making. And the cherry on the cake is oil is only going up and a $100 isnt to far way. How exicting knowing such much potential here now. Market has to wake up at some point and when it does it will be a rollercoaster I'm sure. GL.