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This period has certainly panicked most shareholders new and old into selling and Enquest would have known the delisting would have caused that even though IR said they were disappointed at the markets reaction, what else did they expect? They knew exactly what was going to happen but why ? There is always a motive and I don't believe it was down to cost saving alone.
So what is going on behind the scenes that we don't know.
We can't keep on losing a penny every week
This period has certainly panicked most shareholders new and old into selling and Enquest would have known the delisting would have caused that even though IR said they were disappointed at the markets reaction, what else did they expect? They knew exactly what was going to happen but why ? There is always a motive and I don't believe it was down to cost saving alone.
So what is going on behind the scenes that we don't know.
We can't keep on losing a penny every week
Flash so why would you wait until the 19th to sell out knowing the stock would have been under pressure from the announcement back on the 5th September. Most would have already sold leading up to yesterday if they were planning on selling out.
Another few days once the traders see the selling drying up and they will start accumulating again.
I think it’s sit back and relax time while we wait for the 19th
He would need to reach 30% for that to happen he only has 12% I hope he’s not thinking of doing that, but who knows. And if the shares are there to buy cheap why not ! He is probably more frustrated about it than us lot
They can’t and won’t do anything, not sure they care about short term price movements.
They are doing all they can to reduce the debt and they are doing well, what else can they do ?
They could begin buy backs but that wouldn’t really help as it would enable more selling at a slightly higher price,
Get the debt down as quickly as possible over the next 2 years and then start returns is our only hope now.
I think we can safely say the 60p party has about as much chance of happening as Harry becoming King
With debt falling fast, Tax obligations of just 35% our SP keeps on falling.
The company doing everything right but still that’s not good enough
What do we do now.
We had a far higher SP when we had debt around $2billion that we couldn’t pay off due to low oil prices.
Fundamentals seem to be ignored nowadays
Looking like they are shorting this with overwhelming force.
It’s a shame buybacks aren’t going on currently as they wouldn’t be able to do it.
How far will EnQuest allow them to push it before something is said from the bod