I spoke to one of my clients this afternoon, he runs a hedge fund and also voted remain but now says the best thing for the country now is for a conservative majority, get Brexit done ASAP and start repairing the damage it’s caused. The country can then move forward as one rather than this massive divide we had over the last three and half years. A hung parliament would be catastrophic for the economy and none of us want that. I don’t like BJ but I hate Corbyn and the thought of another three years of uncertainty is even worse.
Romaron why do you constantly dig me out ? I've been here from the start when oil price collapsed along with chilts, Jan, MO. I'm under water as well, like i've said so many time before and ill repeat it again I've posted the top up cash amounts before I push the buy button so its there in black and white on your screen. You post nothing but gobbledegook on here so are you a genuine investor in EnQuest or not ? Answer the question Romaron
Tullow has a similar production rate as Enq, Double the amount of debt that it cannot service, most of its current assets in the most corrupt country on the planet but still the market values Tullow over double what it values Enq ! Work that out .
Gkb no one wants a war in the Middle East, and averaging $65 oil in 2020 is just fine For Enq to produce $600m in FCF, kraken crude selling for $68 is fantastic actually. But if we see Shale plateau or even drop production rates next year then that’s when the fun starts. We may even see $80 Brent during Q3 at some point.
You’d have to be a mug to have anything to do with African countries, it’s so corrupt it’s just not worth the risk. Brent at $70 next year would be fantastic. Would cut our debt in half. That would set our foundation solid.
HMH - I suggest you copy and paste any of my posts that said I own more than the current stock of 1.36m I own now. You are full of ****, either you suffer from dyslexia or your brain doesn’t quite compute what you read at your age ! I have slowly increased over the last year or so after the RI and I have posted the sterling amount just before I pushed the buy button every time this year, proves I’m not full of ****. Put your money where your mouth is ! So bloody what if some of us here show a little emotion now and again, it’s part of it. I’m sure you will be doing the same come 40p Mug
Hmh- You come across as quite aggressive towards posters on here that either express frustration or have a different view to yourself, you need to lighten up to be frankly honest and my constant whining as you put it is justified as we all know compared to our peers, we all know Enq shouldn’t be priced at £310m more like £550m. The company deserves a pat on the back for Doing the exact opposite to what those Analysts knocked us for. Should work both ways and it ain’t is it !
Trouble is it was there for all to see, the warning signs have been flashing for a long time, Tullow's mcap was outrageous compared to the other mid cap oillies. Yes its a terrible shame just before Christmas, they still have a chance to battle on, they aint about to go into administration so fingers crossed the company can work hard, work with the lenders and turn it around over the next 5 years.
Looking back at the Ten project, the FPSO had worst problems than ours did, The Turret bearing going wrong and having to tow it back to port for major repairs was just the start, the analyst sort of ignored it for some reason. that was the start of the downward spiral for them unfortunately. Compare us to Tullow - We are in a completely different league to be honest, Enquest is run by a great team and soon will be the star of the UK oil companies mark my words. Green finish
Just focus on the debt, easy as we go, keep everything running, fix Thistle next year and shareholder value will follow. We are perfectly positioned now for a great recovery if Brent can hold $60, then we can look at any shareholder returns.