Member Info for January2

Try looking at the Net Asset Value (NAV) -= Value of all assets minus the debt. And then see what's left !
Much much less than the Market Cap. Could this be the reason the SP and thus market cap is falling. Is the share too over-valued when compared to its NAV. That's why the market is giving this a re-rate down ? IMHO.

All down to POO KO.
Until we inform the market of news !

Tomorrow Reverse Wedge and shrinking candles !

Tomorrow. . . Brrrrrrrrrrrrrrrrrrrrrrrrrr

Squif,
You are trying to wriggle out of it !
Market Cap is measured in £. Just look on this page here at LSE. You said market cap 1.1b which must be in £ as the share price is in Ponds and pence Times the number of shares. All MC for this stock is in £'s. So your maths is wrong. MC of £1.1b is 60p SP.
Squif. Show me where theMC of Enquest is quoted in $ ???????

squif,
Your maths are wrong !
A market cap of 1.1b with shares at a total number of 1.85b, gives a share price of 60p and NOT 40p !

Good News - with the current price of Oil the US rig count has NOT increased at all this week !
Not one more rig at all this week. They will need to add more if they are to increase production. I got a feeling that they will not add more and chase higher production levels. At last they are looking at profitability rather than volume produced. Looks like 13m bpd for the US is gone forever ! 11m bpd is the new "Normal". They will begin to run out of "ducs" soon , so maybe even 11m bpd could be under pressure in the months to come ! Lets get it down to a profitable 10m bpd you "shaler boys, please"
All looking good for POO during the summer.
All the best, have a great weekend everyone and here's hoping Wales beat Denmark tomorrow !!!!

Sorry chilts, your wrong.
As with last time. If OPEC increase production the market will see it as panic and confirmation that we have a serious supply shortage. Then POO will actually rise, as it did last time they announced an increase !
There ain't no stopping the POO rise yet !

No gkb47,
It's possible to see share buy-backs as the OO has been forced on Enquest by the Lending banks. Enquest could deceide to effectively reverse (and more) this dilution. However, like you and Pelle, I feel the more likely route would be dividends in 2022. Dividends will attract the larger institutional buyers where buy-backs is less likely too ! This is the strategy I think Enquest will adopt !
All the best
JAN

Yes Pelle,
Our share price is now (22.05p) nicely above that of Harbour (20.62).
We were at one stage 10p behind them on 10th March. We have closed the gap since then !
The next 3 months should see a big change for us. The question I have is - Will the market start to price everything in (GE deal and our huge fcf) before our half year results in early September ? or will the market wait to see the numbers in Sept before pricing it in and giving us our re-rate ?
Personally I am not bothered either way ,as I'm not selling any shares ,so it does not matter to me which way round the market does it !
All the best
Dad
- opps sorry been writing to many thank you notes from Fathers Day yesterday here in the UK.
JAN

Modestus,
Being Dirty, It may work for them.
I tried being "Dirty" once, my wife just slapped me around the face !

To all our Swedish investors/friends on their win at Euro 2020 yesterday. I see that Sweden are now top of their group - well done.
Great performance from Scotland yesterday too.
England, they did not have any "fire" in their bellies, unlike Scotland who did.
Sadly being English, I have to admit that England did not look like potential winners of this competition.

KO,
I don't buy that 6m bpd from OPEC. Those numbers are from a few years ago. Natural depletion and a lack of investment have substantially reduced that. OPEC have been playing politics .
Max 3m krakenoil. Wait and see. IMHO .

Within the next 2 weeks, is my guess.
Needs to be , to ensure they keep to the time frames set !

Hi Pelle,
Great explanation, I have the same numbers. which should leave plenty to pay some healthy dividends to us.
Assuming around 2b shares after GE deal and refinancing, then $120m from that massive fcf figure would give us a nice 6 cents or (in English money) 5p dividend. Plus they would still have another $400-500m to do more deals !

Think you will see it go back to 11m very soon (next month). They also don't have the money to add 200 -300 new rigs ! To get back to where they were with production at 13m. Let's see KO. Remember this time it's different , the US producers are not chasing revenue in isolation anymore. They are looking for healthy balance sheets and profitability.

For any meanifull increase in US production.
Indeed I believe the few rigs that have been added will only replace natural "slipage". To add back the 2m plus they have lost would take a few hundred more rigs, surely.

just to please Krakenoil.

lol, I think you have just thought of a third possibility !

Debbie Downers - ???
There are 2 possibilities here ! Not sure which option you are refering too in your post Angelis ?

We have not had a re-rate yet. Our gains so far are because of POO. If Brent POO went back down to $64 our Share Price would go sub 20p again.
We look forward to a true re-rate following conclusion of GE deal and half year results.
JAN