Member Info for Krakenoil

Barclays lifted its price target on Tullow to 75p from 60p and cut the target on EnQuest to 25p from 32p.

We are still producing more FCF than bloody Tullow ffs

We need news on Bentley and how we are going to tie it in to Kraken , that is our future 900mbls of recoverable oil. Maybe replace the Amada with the EP (Can easily handle the lower production) and put the Amada over Bentley.

Jan we've been holding out for the "The next update will do it" for years now and now we have nothing left to push us up, restricted by poor hedging yet again, for AB not to gamble this time round must be bad. His strategy has scared us badly and I don't know he he can turn things around. Treading water for the next 18 months .......again

Downgraded from 39p to 32p and now 25p
Even Barclays have given up . I bet the James Hosie feels a little silly like the rest of us .

We need to aim on Bentley, tie in to Kraken or get the EP ready

Mrc So where do we go from here ? We are now having to use most of the FCF to replace our declining assets
Our only hope for the next 2 years is even higher oil prices.
Shareholder returns ain’t happening that’s for sure.

And he’s got the heading wrong again, this time hedging to early.
We are going to need another GE just to replace decline

If a 7 year record in FCF along with a 7 year high oil price cant move the SP what else is there !
How long before it’s time to say - I give up ?

We are a mere 1p away from the equity raise price with oil Brent $30 higher.
We are a sitting duck for a takeover at this silly value

I'm lost for words to be honest.
Finished on the days low when oil prices moved up to the days high, almost at yearly highs
I just don't know anymore.

No doubt they will lower there target price again considering the SP is 60% away from there current one.
This market is fundamentally screwed, logic has gone out the window

Doesn't look like we are going to get the bounce we hoped for this afternoon as oil prices have bounced off the days low but sadly not dragged us up with it.
I don't know what else Enquest can do

Hedging is appalling lol Best you go look at Tullow and HBR
I think your trolling is appalling

I don't see the negative side to the update, the news is far better that the market had priced in so what's driving the SP down.
A nice director buy should reverse it

Here come the trolls lol

Sepcol's FPSO has exploded in the Niger Delta this morning killing ten. looks like the ship has broken in half

I think we are going to see another large AB purchase go through either today or tomorrow.
Like I said yesterday the next Update is the important one.

The media make you laugh, 1 focusing the heading at “Costs higher than expected for 2021” nothing about the $400m FCF lol
The media still have it in for Enquest

However you view Enquest, the company is moving into a position of strength, without those fantastic decisions made last year we wouldn't be able to the workovers this year.
All we've seen for the past 7 years is Enquest desperately treading water trying to survive the storm, that's now changing to calm sunny warm waters and solid ground in the distance. I'm sure we're going to see a much different Enquest in the next 18 months

The way to look at it is Enquest managed a FCF of $400m in 2021 even with the breakdowns and production at 44,415 and the average oil price at just $67
That's pretty damned good.
FCF 2022 will far higher, AB going for the over deliver tactic this year.