Member Info for Krakenoil

I bet Miliband has a lovey air conditioned house

I wonder if the crews on board all those tankers that were stranded for months will want to go back in after they have delivered loads.

Who would want to risk another Iran blockade

Trump is still selling reserves into the market at record levels, he’s going to try and push the oil price towards 50 bucks for the mid terms

But at some point he will have to stop doing it and then start refilling and the same with China

I’ll be gutted to see this back at 20p or worse

The overwhelming shorts on paper oil prices will push it way beyond where facts would normally price it, same in Covid, they managed to push oil down to -$40 if I remember but not one physical barrel changed hands under $40

Same going on now, short side calling a massive oil glut - even when reserves are still draining

The big question we all want to know is will Burnham push back on Miliband, back our North sea and back new gas turbines we so desperately need.

We still don’t know how much China was releasing into the market either, I think they have been releasing at record rates as well

That would explain the drop in oil prices and why prices didn’t rocket towards $200 barrel

But they will all have to refill those reserves and quickly to insure against Iran closing the strait again or some other supply shock

If WTI hits 69.9 I’m going long oil

31st December is the completion date

But First we need the peemption rights to expire on the 10th July - (That's the next step up) followed by the publication of the prospectus and that's when the market will be able to properly calculate the EV/Ebitda but it wont be fully rewarded until Enquest can publish figures to back up what they have forecast.

My bet is we will see our SP rise to somewhere between 35p - 45p on completion that's if oil prices hold around $70

I agree with Stevo's calculation that the deal adds around $200m of fcf @ $70 as that aligns with historical data from these assets

Trump would say its beautiful deal its a tremendous deal

If we can get something over the line in the UK we'll be off to the races

Production won’t increase until the deal completes unless we do another one somewhere

Ftse250 Q4 2027 is my guess

Strange strategy as this deal was done to remove most of the risk from UK uncertainties and Tax changes.

Manipulating the stock market is a "Very Beautiful thing"

In the past we have received cash flows way before completion in SEA and I was wondering if the same applies to this latest deal, I believe the term is called 'Effective date', I couldn't find one during the presentation or anything online about it.

Would make a massive difference to our 2026 figures

Oil opened just 1.6% up with the strait shut

How have they kept a lid on it ?

Pre market Oil up 3%

Iran’s joint military command said it has closed the Strait of Hormuz for shipping transit due to what it said was a violation of the ceasefire by Israel, the semi-official Tasnim news agency reported.

The closure is Iran’s first step in response to Israel’s continued attacks in southern Lebanon, the report said.

Truss’s attempt to crash the economy was a pretty good.

Along comes Andy Burnham - hold my beer

Buybacks and special dividends won’t happen until we are well into debt reduction under the new deal. First we need to see FCF figures from Q2 2027 onwards then we will have an understanding of how the new assets perform.

And I’d rather us pay down the debt as quickly as possible reducing the debt costs. That would add more to our Mcap than buybacks

The deal doesn't look to strong either, Hezbollah attacked Israel last night followed by a much larger retaliation in Lebanon casting a shadow over negotiations again.

He’s pushing for oil in the low 60’s.

He’s just turned Iran into the New OPEC as they now have control over the SOH

Pure panic has taken over again

Trump

I couldn't remember if August was mentioned during the presentation