Member Info for January24

BTFATH1,
We buy our natural gas in dollars too !
And I would not be sitting outside a filling station at Midnight waiting for the clock to strike "cheaper-fill up " .
At that time I would be sleeping !

The cost of charging your electric car has gone up 40% in the last few months.
It now averages 18p per mile cost for charging electric cars, against 19p per mile for petrol cars.
Well , well. Basically even cost. I wonder if it could become more expensive to run electric in the near future ?
Interesting though. This could slow the switch to electric !
Just add-in those nasty huge batteries and maybe those that are liable to switch, already have. I would not be surprised to see electric car sales year on year begin to fall ! They are more expensive to buy than petrol cars too !
Yep, I see a petrol car sales revival.

POO still falling Stumpy, Wti now $78.84.
My guess market is over-shooting and POO will recover before close to $80. Bottom of the day, now !
Enquest will recover to 27p - just a guess .

We don't need a Russian Oil Price Cap now - The good old market is doing it for them ! ! !WTI now $79.
If you intend to continue with this foolish price cap, my friends at the G7 - May I suggest that you cap WTI at $39, basically half price ! I mean China and India are getting $30 off per barrel anyway ! Yep $39 got to be the Cap.
OR run a winter promotion on Russian Oil, like "Buy One barrel then get One barrel Free Promotion" .
Any of the above should "destroy" Russian production over the coming months ! Giving the world a supply shortage !

Unbelievable ...........Unjustified..............Unwarranted .................Unreal ......... !

Yes KO,
And from memory only 4x production and less than 3x FCF. But they do pay dividends.

A double Slap in the face today from the Fed and Barclays. There you have it.

https://uk.investing.com/news/commodities-news/russian-oil-flows-dive-hurting-putins-war-chest-2756240

Russia's problems with Oil just begining. They will have to "shut-in" wells eventually ! POO will go back above $100 soon. All in my humble opinion.

Yep,
Barclays have caused our "dip" today. No worries, these broker rateings only affect the SP for a day or two !
Enjoy the cheap shares !

Just out shopping in Tesco. Saw a woman testing and spraying then smelling an air freshener. I went past and said " I think You need a lot more than that Love".
She looked back angrily. I wonder if I have issues.

Yes KO,
That's Spindok adding ! He adds on the way down and Sells on the way up !
Sadly last year he did it the other way around ! Lol

Agreed KO.
It's been a long wait but , like you, I feel confident our day is coming soon !
Also I can't find anywhere else to put my money on the ftse anyway !. The UK banks are not getting my cash due to poor rates. I will keep it here for the 60p Party ! I found a good "Darth Vader" costume I could wear for the party !

The company made nearly $400m in free cash flow for the first half of 2022. Published in H1 results.
It is on track to hit around $700m in free cash flow for the full year. Yet it is valued by the market (market cap) at less than £600m. Basically the whole company is valued at just 1 years profits !
Surely this stock is the bargain of the London Stock Exchange ?
I have spent the last hour trying to find another company that is valued around just 1 years profits and I CAN'T find ONE.
Can anyone else find one ?

10m barrels of oil during November from their SPR. . Source , reuters.-
A lot less than the normal 30m that they have been releasing from the SPR. I guess they are still trying to keep the downward pressure on !
Also our good friends OPEC missed their production target for August by -3.58m bpd. That's a big miss. I think it proves that they are "maxed out" . They can't hit current production targets.

Morning KO,
Don't forget Tullow, that was over valued for years too !
I used to compare production, debt , fcf etc with TLW over the years and could never understand why the market valued them so high. The market corrected this in the last couple years. As for Enquest - Our correction will be the "other way" !
Expecting at least 40p by Christmas with the current level of POO. Due to a gradual increase in valuation as we add $50-$60m fcf per month. Now if POO climbed back up to $125 as (I think) Goldman Sachs are suggesting, then we should see a much, much higher valuation. Could we hit 50p by Christmas, I wonder ?

Lol. Predictive text.
Barells

4 new tyres for my Audi A6.
That must have taken a few barbells of oil to make them - it all helps !

Excellent post AIMOilking,
You sum up the situation well.
My only comment is that you just have a measly 25% of you portfolio in Enquest !
I am sitting with 100% - Do or Die, Win or Bust
My portfolio has been just 100% Enquest for a few years now ! I just can't find anything that I percieve as better value ! Giving potential Share price growth and dividends to come. My question (to myself) has always been - "Why invest in company X if you believe Enquest is a better investment. Best put that money into Enquest".
ATB - JAN

Yes I did. Sold them at 10.16;44. This morning. Lol

Playboy - Mon 10.06 post;
Excellent summary Playboy. Agree with you. Great post !
Shame some (like BushyTailed) feel inclined to attack posts that they don't like. The truth often hurts "Bushy".
No need to shoot the messenger ! Playboy is right. There is serious Risk here going forward. Also potential for good rewards too !
Potential New investors need to balance this. They don't need old investors like you, who are seriously underwater, trying to "muddy the water" through spite !