I only pointed out Stevo’s clever negative posting.
A balanced view is always very welcome, if he said he was short or come clean and said he had a buy in target and that’s lower than current I would accept that, but who the hell continues to pick out as much negativity they can possibly find and build that into a bigger negative is in my book de-ramping for a purpose.
If you go back to his posts from early last year and read them it very much sounds to me he’s talking his book along the way, you can work out which side his money is on.
I was half expecting him to say his boots are full and turn to a positive view but that’s yet happened or has it !
Hmm
A balanced view is well received and is important to this board but the way Steve writes all his posts is a very cleaver way of de-ramping
He knows that.
I'd like to know why he didn't sell all the equity invested if he believed 100% of what he posts.
Been invested along time and you come across posters like Stevo now and again. Always agenda behind every post.
He's very clever with it and its a shame he's not glass half full type of investor.
Monkey I'm fine with a balanced view but when posters use everything possible to find some sort of negative and highlight it for a purpose then it becomes annoying at best.
Why would anyone constantly bash a stock they are (apparently ) invested ? Makes no sense whatsoever, By all means give us a view of why he did invested in the first place and a possible downside but the way he carry's on why would he keep any monies invested - From his view its a hard sell on both the equity and the bond.
The simple fact is we need the Oil and Gas and there is a lot sitting in both fields the government needs the TAX from both, how else do we pay for the great unwashed to protest all day long.
I'm betting on a green light for Bressay within 6 months.
Stevo may I point out Kraken didn’t start production until June 2017, so hasn’t been in production that long and was shut in for quite some time of that due to breakdowns, so you highlighting figures that simply isn’t true.
The key issue with Kraken drilling is timing, noting that the nature of drilling of the western flank, with its requirement for a rig hire, subsea infrastructure and long-range horizontal wells results in a long lead time for equipment orders. Timing is also important with regard to EPL, as it is more advantageous to invest capital towards the end of the EPL window, with the majority of revenues at peak rates coming beyond the EPL sunset.
As a result, we will look to protect Group production rates through investment in low-cost, quick payback drilling at Magnus and PM8/Seligi (as a reminder, both of these assets incorporate platform rigs, with no requirement to hire a drilling rig), while we are also looking into options to execute cheaper sidetrack options at Kraken in the shorter term.
I would have valued 2p reserves higher than what Stevo guess is due to the fact it’s so difficult to get a green light for new field projects. Demand for old fields must be strong, we are on the lookout along with many more NS oillies
SEK The company could buy $100m worth of stock but doesn't guarantee a price rise, Nothing is impossible nowadays
We have been saying the SP can't keep on falling along with the debt eventually its going to react, bloody well hasn't yet has it.
We are facing corrupt eco governments that run a unstable Tax regime (The worst in Europe) who the hell wants to invest under that control ?
I'd take high dividends all day long, at least that earns me something from my investment even if the SP doesn't
Why can’t we have a Mcap of just £250m with zero debt ? So far we have reduced our debt from $1.8b and our Mcap carried on falling as well.
Nothing makes any sense with EnQuest valuation
I think Romaron is correct the only way we are going to get our rewards will be through high paying dividends.
Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." — Carlos Slim Helu
I have never understood how you can become a MP without actually coming from a working background, these MP’s do not know what real work is, how the hell can any of these people tell us what we should be doing and what benefits us.
P155es me right off