Member Info for January2

gkb47,
Good question !
I have not down the numbers , but it seems their share of kraken cost just over 200m. Also Paid in cash ....
1) Maybe cash was wanted ? Enquest don't have over 200m cash at present that is available to "write the cheque".
2) Maybe ENQ want to diversify interests and this would be the opposite to that strategy !
3) The GE deal is not concluded ,so again it is likely to be a little difficult to spend money until that is closed !
My thoughts why ENQ did not bid.

romaron,
You are spot on !
You don't spend hundreds of millions buying a share of Kraken unless you really trust (Us) the operator. We have control over Kraken and they still purchased their 29.5% share. They trust us ! Which speaks volumes. Yet another sign of de-risking torwards Enquest ! The market should see this as positive torwards ENQ.

In my opinion - Our SP will do the "Slow Waltz" with POO until our full year results come out in a couple of weeks time. Then we could re-rate up again !
Until then we will Dance to the tune of POO ! Whever she goes we go !

"Romaron's new boiler !"
That would be great, the old boiler has been groaning away for months !

Evening Whiteace,
Good to hear from you.
Yes a good point.
I guess you can tell I'm a little excited! Lo,

I see it Mr C.
Who would have thought it, only a few months ago we were talking $60 for 2021 IF we were lucky !!!!!
Looks like $80 coming before the Summer now. Just too many positive factors to take oil higher ! Demand pressure will be huge over the coming months as the world fully comes out of Lockdown.
Enquest looking in real good shape too.
I waited 6 years for this !
I think with our full year results out soon, 30p SP will come pretty quickly.
1B market cap = 60p SP is on the horizon now too! -

Romaron,
If you are not English then the first sentence positions the tone as a serious view/point.
I see it both ways. However maybe enough said , let it blow over !

Gkb47 - I think you should come to the 60p Party. You would have nothing to loose by coming. Indeed you may gain some knowledge or even friends. You might even have a laugh at my jokes !

Pelle,
Therapist thought that you went to far with L3 then .....
Did exactly the same as he was accusing you of ! Therapist went far to far.
Maybe people had a few to many drinks.

Agreed E121,
I think on this rare occasion, hitman has got it wrong.
Accounting practices have to be fair and even.
If you change the value of some of your assets due to a substantial movement in price . Then if you adjust for a substantial decline then you surely must adjust for a substantial increase also ! Otherwise your accounting is not fair and balanced !
Good night all.

Even with POO up at these levels. Baker Hughes reported that the US rig count was up only 1 measly rig !
309 rigs up to 310.
Another good sign !

"kiss 30p goodbye next week".

Crikey, if we do that , I'll go and kiss romaron !

Hi Jeffrey,
Its not just about oil
They put an impairment on the Balance Sheet when oil was low of 400m. Now oil is much much higher it has to be corrected on the Balance Sheet, surely.
Even if they only pay back half of it , that equates to 200m increase in our assets or 10p on the SP.
If tgey dont do it at full year results then the must surely at half year 2021.

Nice Work Tarmak,
Great Detail, Very helpful.
If we meet at the 60p Party. I will show you my Fag Packet, where I do all, my calculations. Its a lovely colour too !

Stop putting yourself down Spin !
I have a spare room for you !

Hi E121,
Yes your right. Looks like the Bollinger Band will not be with me for long. Looks like it will come to you next. Lol

Hi romaron,
Problem is our results. I think that when the market sees our numbers for 2020 and what we have achieved in the worse year on record for oil prices, we will be off going higher again. Especially if they 'Right Back" the 400m impairments due to higher oil prices.
All the best JAN
Build it and they come !

$70 incoming over the coming days.

Sorry Wiggly wasn't trying to be argumentative.
I actually agree with your 45p valuation.
Just you offered a challenge - " give me 1 reason .......

It went from 800m in the OO. To 1,200m in the R.I..
So your timing would fit with 1,200m.

The market does not care about the share price ! All it does is value a company in £ or $. It does this by its market cap. It makes it valuations lets say 400m then divides by number of shares which then sets the share price on the exchange. The algobots fiddle with the valuation all the time which changes the SP.
All the best
JAN and my brother JUAN

Wiggly,
Because we had "less" shares then !

Comparing time vs valuation - You need to use Market Cap - as a company's total number of shares may change over time.
Just trying to help.