Member Info for Krakenoil

Stevo you said in an earlier post that you watched Craig’s investors presentation, well you obviously didn’t take much notice of it as Craig covered both M&A and NED purchases shares.

Why do you always dismiss what the company has told us ?

We all know the company is about to push forward with a U.K. transformative deal so everything being discussed below will be out the window, we are all here to make money and if and when this deal lands it will lift the SP significantly, Enquest is a company actively looking at growth opportunities and AB will be looking at his exit plan and that doesn’t include failure.

Stevo why do you think Aberforth Partners have increased their position to 10.6% and Cobas increased to 7.58% if EnQuest could be in financial trouble next year ? They don’t gamble!

Let’s not miss out the current hedged barrels

Anyway who bought the 1950000 shares this afternoon? Was that you Stevo ?

I don’t expect oil prices to stay this low for long, we know every producer is flat out pumping with the taps wide open so there is no spare capacity to fall back on if and when we do see a supply disruption. Trump with make a deal with China very soon because the US need it urgently. World reserves are still only sitting at the 5 year average so there is no glut as yet. Russia already can’t meet its quotas and the US production is beginning to drop.

Like Stevo says the best thing for low oil prices is low oil prices.

Enquest can easily tick over at current oil prices and even tighten the belt if needed. If refinancing was going to be a problem for EnQuest then it’s going to be a problem for everyone. Lenders know oil prices don’t sit still for long they go up and down like a yo-yo like they always have.

This down turn could work in our favour because it reduces the value of asset values that we are targeting.

AB loaned the company money a few years ago and I would think he would probably do the same again if it were needed, what other CEO could do that ?

The Liquidity here is extremely healthy and if something changes like a deal with U.K. assets or a change in EPL then the SP will rise fast.

I bet within the next 2 weeks Trump with tweet he has pulled off a mega deal with his friend Xi and oil prices with jump back up to $70

If I were AB I’d be demanding the government now hand back the EPL money to cover the down turn in oil prices.

The board need to hurry up and get this deal done as we are now at 5 year lows and doesn’t look like we are close to the bottom either as we still have plenty of sellers.

The market has given up with us.

World inventories are still at 5 year averages with all producers pumping flat out, The world has zero supply reserves and now its expected that the US production is now declining, Russia currently can't meet its Opec plus quota and Opec have warned without massive investment world wide decline rates could reach 15% in the next few years

Low oil prices won't last long

We can't be far away from getting this deal across the line could be any day now.

We could also see the Labour Party announce a change to the EPL any day now

Either one of the above the SP will re-rate quick as we have seen time and time again over the years

I’ll take the bet Stevo

Bored last night so I thought I'd have a look at Sekforde posting history, Obviously he's a bitter twisted ex Shareholder and his poor Investment decisions are what's driving his petty attacks on here and the other boards, also explains why he he's so far up Stevo's backside lol

Sekforde maybe you should invest in mouthwash.

Stevo Maybe you should be offering Aberforth Partners your negativity as they have a different view to you.

Aberforth Partners now above 10% at 10.65% that’s quite a jump

Well well well

If EnQuest were in such a mess why have our Majors increased their holdings

https://www.enquest.com/investors/shareholder-information/shareholder-meetings/major-shareholders

Stevo and Sekforde are just desperately de ramping EnQuest for there own enjoyment

Don’t waist your time replying.

Bet neither watched today’s presentation

Lets see if the major shareholders have increased their holdings when the updated list is published this coming week.

I'm now waiting to see the updated Major EnQuest shareholder list. Could be very interesting

So no problems refinancing then unlike what Stevo said yesterday may even get a cheaper rate when we need to.

Maybe even get a easing of the EPL before the Budget, that would rocket the Share price.

EnQuest liquidity $570m

Bonds trading above Par

Doesn’t look like a company at any risk whatsoever

Sekforde - Well done you've managed to open a short close to the bottom

I think you are full of sh@t with your tongue wedged right up Stevo's corn hole