Member Info for January2

No MrD that's not what I was saying in 14.28, and you know it.
Your being a little sneaky !
It is plain to see if you read it correctly. "The tax on the revenue" and not the revenue itself !

Surprised these boys romaron and Jan can't read;
It's in the highlights, - oh no it's not.
Jan doesn't know it comes off the price, -oh yes he does. 14.28
Bucking Hypocrite

Bit surprised that you can't read Mr Ccc,

My first post on the subject at 14.28 clearly states that the purchase price is reduced.
Go back and bucking read it!
So I read it right and your the one who makes mistakes in your reading. Perhaps you should learn to read too, before you have a pop at romaron and myself.
Arssol

Hi Pelle,
Just been looking back at your posts with reference to some of your recent fcf statements/targets. They look spot on to me.
With GE now completed we have "morphed" into a Cash Cow . Money is pouring into Enquest's bank account every day now !
I hope we here some further news on "hedging" in the November operational update. We must hedge high levels of production for the future. As for dividends - They must be on the way !
All the best
JAN

Hi romaron,
I don't think I put a date on when you actually get the tax back.
However I understand that It is taken off the price paid for GE on completion (now). That's all the tax benifit on the revenue since January. As HMHN says it should knock the price down by around $100m.
All the best
Juan

That's what I said , HMHn.
You just said it more "posh".

Romaron,

I am just a simple East London boy, but will have a go in answering your question !

We only get the full revenue in our bank from the date of completion -- now.
However, From January Suncor have had the sales revenue but instead of paying the taxman the tax on these oil sales. Succor have used our tax allowance and effectively paid this tax money to us ! They have paid us by reducing the price of GE by this tax amount.
So we have had A benefit since JANUARY of the tax of the revenue. The full revenue gets paid to us now - hence the SP should rise next week. - otherwise the SP would have no reason to rise !
Hope this is helpful and correct ??

Tiger,
Lol. I really like your posts and find them informative.
You made me smile with your last one though.
You said - "But never Ramp or bull"
And then finished the post with - " True share price should Double in my view"
Lol, some would say that is a ramp !

Hi I0101270,
Thank you for your reply.
In summary you are saying the GE news from Enquest is already "baked-in" by the market . I think that you are wrong and you will see a upward re-rate of the SP next week based on this news. Proof will be, that it will outperfom other oil stocks. Lets wait for next week and see who's right !
As for HBR. It will make great fcf (free cash flow) when these hedges come off. The hedging here is not good. HBR is hedged much lower than the current market price for oil. This needs sorting along with their divdend policy ? I see HBR as pretty "dead" until 2022 begins. On my watch list but too early for me ! I hope that they go the American Oil company route and work their dividend policy as a straight and simple percentage % of their fcf. That would set the SP alight !
All the best
JAN

Thanks guys for your response.

I0101270,
Interested in your reasoning behind switching from ENQ to hear ?
I think your timing could be terrible. ENQ just completed, very late on Friday, their aquasition of Golden Eagle 27% or an extra 10k bpd for them. Next week they could see their share price fly on that news as its around 22% increase on their current production.
Why did you switch now ?
Do you not do any research before you made this call ?
What are you expecting from HBR in the next few weeks ?
You switched to early IMHO.

Just to add.
I think the market was taken by surprise getting the RNS late on a Friday Thats when companies normally try to slip out bad news , hoping it slips under the radar. Not the best time for a good news release. I think i would have waited until first thing Monday to release the RNS.

Small un-expected crude draw on the EIA inventory report. Along with larger draw on Distillates.
This dirty product called Oil is just so popular !

I say it must be the Magpies !

just Love em !

PUTIN Is not going to Cop26 meeting.
He is not changing his plans. Ching chow mein ping from China is also not going either. So some spare tickets up for grabs. Interested chilting ?
Worlds biggest poluters giving it the middle finger. Let the "Greenies" talk to themselves.

Hi Spin,
Sadly off shopping to Tesco with the wife, they let me back in you know !
She wants to go now, so will be starting my 3 litre diesel Audi A6 in about 5 minutes. Will rev the engine a few times for Greta !

https://www.investing.com/analysis/forget-100-oil-options-traders-now-betting-on-prices-hitting-200-200605611

Not sure I believe that it is possible, however maybe half way there ($150) is a possibility ?

I'll be honest - Getting a bit fed up with this !
I think you can tell by my posts on this subject.
We should be discussing where we are going to get more of the lovely black stuff from ! What AB could be up to next ? etc etc.
If I wanted green then i would be on another board ! ! ! !

OR -
Lets just collect some wood and make an indoor fire as our ancestors used to do .
Even that would not work as it ticks the renewables box, but would give off a lots of carbon !
However perhaps we could capture the carbon with an old blanket !

Hitman,

To many glasses of wine. You saw it wrong. It was;
3 snails and 2 slugs in the garden last night.