Member Info for January2

Hi chesee,
Not sure that your bottom is out !
Looks like it could drop some more.
Strong support at $60 for brent, however wti could test $60 which would mean we could still see brent just under $64. That's where I see your bottom. Gives you chance to clean it up a bit first !
All the best
JAN

Lets have a 100k loss Party !

Hi Pelle,
Yes I know you are holding a very large amount too ! Lets hope all our plans come true.
All the best
JAN

Hi Dodger,
25p. Point something. Yes holding 1m shares. After 6 years here all my eggs are now in this basket !

A big huge ouch !
Sitting about £100k loss at the moment on ENQ in my share dealing account.
Pray for me guys !

Yes, sorry guys. Pelle seems to have a "thing" about his rocket at the moment. I think it must be his phallic symbol. Sadly according to him its turning green ! Normally when that happens, the damn thing falls off ! poor chap !

LTH's , especially KO

https://www.youtube.com/watch?v=F90Cw4l-8NY

https://www.youtube.com/watch?v=hamKl-su8PE

I predict a Riot !

- great song.

Not me Spi,
Only my "boots".

Yep,
Big nothing today lads ! If we are lucky maybe +1%.
I can see why Krakenoil gets frustrated.
It seems to me, it's a bit like when your wife is sitting on the Loo, best not to look !

Acchi,
If someone had said in 2019 that POO will actually turn negative in 2020 , you would have said that they were mad.
You need to learn from past mistakes. $100 is nothing in comparison to negative pricing. Acchi learn that anything is possible and likely with POO.

Good Point, made by Sqiuf !
We should not be concerned about "Swinney" selling a few options !
As Squif mentions, "In the past he normally sells the lot ". (a bit of free cash for holidays maybe)
However, This time he has held onto most !
Maybe he is just having a UK caravan holiday this year !!!

Formula for 60p !
We all know the market hates uncertainty - Our problem has 4 parts (some of which relates to other oil stocks hence the sector is down)
Here is our 4 problems to be rectified soon !
1) Uncertainty - Over the completion of the GE deal.
2) Uncertainty - Over our ability to clear our debt.
3) Uncertainty - Over the POO for 2021.
4) Uncertainty - Over our Production levels for 2021 and beyond.

Kick these 4 into "touch" and we will "sky rocket".
The completion of the GE deal in the coming months will sort out no's 1 and 2. When the market has confirmation that POO is "Staying" over $65 (no 3 done). Finally our May update and H1 results in September will confirm production numbers.
I truely believe September will see all 4 sorted and the Uncertainty gone - then ENQ will Boom !
In reality we will move north before as POO should go above $70 and Maybe the GE is done by then, but I still see September as a key time with our H1 results out showing the market what we will be doing in the future !
All the best
JAN

I look at it at a slightly different angle !
- Even with the little hiccups at the start of the year, I have debt coming in at just under 1.1b for the end of H1. That's only 200m off the figure at the end of 2020.
- For H2 , I have POO average $67 and basically GE being paid for from the proceeds in H2. Year end debt around 1.1b and we have GE.
This seems very realistic and does leave room for AB to pick up another deal. Let's hope he takes his time to get a good one!

Excel, Spreadsheets
Boring !
Filtered.

Chilting,
I think romaron's comment relates to you having lots of lights all flashing at once, and sadly they are all green !

Whiteace,
Market still open. Check the closing price here before "folding".
I'll have to teach you poker one day soon.
Harbour just dipped under 20p and the fat lady is still singing ! Enjoy your walk.

Brent now above $66. Lets hope POO closes above $65.50 later tonight. This should confirm POO back on its uptrend, and the recent few weeks of consolidation is now over.
Sell Enquest Producer for 300m and I will be happy. Or better still loan it out for a free profit share for the next few years.

Yes savemore, the last paragraph of the EIA report just out shows total oil products supplied +20% over same time last year. Jet fuel up +34%.
Thats what spooked POO up.
ENQ always takes a while to move, so not surprised others are up more.
Mrccc, seems to have correctly called the bottom yesterday. As for the troll - wrong again !