Member Info for January2

gkb47,

https://www.youtube.com/watch?v=iec5M0tbAW0

I wonder how romaron got on in Peckham ?
I do hope he had a nice cup of tea !
Chilting's ears are still Red from the bashing. Even here in Suffolk I can see those red ears glowing on the horizon. He was a loyal holder for many years working with the great "Matrix"on Kraken tanker loads. Then I guess chilting, you just got tired of waiting for the 60p party and sold. Chilting changed his strategy from investing to trading, which is fine by me.
After being a holder for such a long time, chilting can't just let it go, romaron. Even though he is not a holder today, he is still emotional attached to ENQ. That's why he is here!

gkb47,
Sadly you need help reading data and understanding the facts. Although that does not surprise me.
The data was written in 2016 and that's when the oil clock began (in 2016).
So that's when the 47 years relates, from 2016 . Can I kindly point out we are at 2021 now, so a proper summary would conclude we only have 42 years left. 5 years less than your botched analysis !
As "Foghorn Leghorn" used to say - " Wake up boy ! Stop dreaming boy ! Focus boy. Focus on the job in hand, boy " . Slap. slap,slap !
60p Party in 2022, boy !
In coming Oil Price boom

World Oil declining by the second !!

https://www.worldometers.info/oil/

Must See !

Your right Hitman,
Then in Qtr3 during the summer time we will have serious supply deficits ! That's when we will see our $75+ POO. Our window to slap on a few hedges too !

coming back slowly.
The market reads it different to us KO.

I think POO will bounce back very soon !
Initially the oil market sold off in disapointment. However, when the market reflects that the reason that OPEC have put more oil into the market is because demand is coming back and the oil will be needed. Prices will bounce back this evening !

Looks like the fact that the US had a little word with OPEC before their meeting has had some influence ! News is, cuts be eased in the coming months.
Here is the full proposal by Saudi Arabia according to sources: May: 350k opec + and 250k KSA Jun 350k Opec+ and 250 KSA

OPEC,
talk on oil traders wire is;
Saudi Arabia's personal cut of 1m bpd kept until end of April, then Saudi Arabia will begin easeing off ! POO fallen over a dollar so could be true !

KO,
I read somewhere towards the end of last year that the US Ducts will start falling away from March 2021, and production will sharply drop from then !
I'm expecting to see this "kick-in" over the coming weeks ! Waiting to see US production fall to under 10m bpd this year !
Hopefully this will coincide with demand picking up for summer !
We just need a little lady luck our way for a change !

lol whiteace.
Sorry i must have got the numbers around the wrong way !

Explains what's happened in March for POO. Summer still looks to be very good for POO.
https://www.reuters.com/article/us-global-oil-prices-graphic/oil-price-structures-show-market-balance-returns-in-second-half-of-2021-idUSKBN2BN1QA?rpc=401&

I think hitman mentioned it the other day. It seems our share price momentum has gone, and we are now very slowly drifting.
It should come back with vengeance when either the GE deal is concluded or at half year results which will confirm our high profit levels.
Half year results are early September. A bit of a wait for that one. The GE deal could be anytime ! Back to just waiting then !
Hoping we here something on GE very soon !

Yep buy gone through.
Whiteace,
How can you be a young one at 64 ?

No, I think you have done a fine job there romaron, especially for a Brown Ale drinker !

As it was at the "close" on Friday.
However our SP is 6% down. Oh ENQ give us a break !

Not error that should have said " err" because he paused after saying early double digits then said 11 , 12 %.
I thought this was high, but I guess this assumes no drills or workovers ! Which would reduce this.

Hitman,
I remember exactly. Sweeney said " early double digits, error 11 , 12 % "

romaron,
My lips can taste the lovely bubbly stuff !
I think my name has been penciled onto the label already !
The average for Brent POO must be around the $60 mark, so far this year. This average will climb to 62-63 in the coming couple of months. Then with a good H2 for POO , I see the year ending with an average of my $67 and romaron presenting me with the bollinger prize during 2022 !
Yes, the future is looking Great !

Well just been fiddling with the "fag packet".
Keeping it simple, because that's what I am ! =
Current debt just under 1.3b. With brent POO above $60 we should see fcf of around 600m for 2021. This should reduce debt to 0.7b (700m). Completing the GE deal adds another 300m . So year end we should have aquired GE and our debt should be around the 1b mark. More importantly , under the magic 1 figure. Dividends in 2022 is surely possible.
What would the share price be at this stage ? 2 or 3p divis is 10% to 15% return at todays share price ! What would the Share Price be in a year if this comes off ? Got to be at least 40p, maybe close to the magic 60p party !
Still holding strong.
JAN