Member Info for Krakenoil

In overdrive this morning

Squif that valuation is at the very low end, with a yearly FCF that Enq is making right now the debt can be cleared in 2 years, any company making such large profits are valued at least 4 times the gross profit plus assets
Come Q2 2023 with oil prices around $75 I get a market cap of minimum £2.5b

Exactly my point and why I have been constantly moaning about it. Gold is worth zero in the ground but a gold mine must be valued somehow surely, maybe UK oil is worth considerably less than shale in the eyes of the investor.
Bitcoin is apparently the new black gold

It looks like some sold out over the past few days due to the Iran nuclear deal conclusion this weekend.

Horizontal oil rigs in the Permian -5 to 223

7% down in 2 days with Brent going up ?
And Yes I am moaning

It’s so frustrating, makes no sense

And to top it off invested in Enq with Brent above $75 and a market cap valued at half the yearly FCF lol

The only way its not noticed is because he hasn't told anyone, the market is still valuing Enq with the figures from last year, what else can they do. Our next update needs to be so good one might pleasure ones self reading it lol

Well he has now Chilting, After that interview with him saying Enquest will be making good FCF with brent mid 40's he needs to shout it much louder now that Brent is mid 70's, it must be massive

How many times do I have to say it, I post every buy and sell I am going to make before I push the button so you know I'm not full of shat.
I wont sell anything unless we have some sort of oil price crash, all I want is Enquest to start pushing the right marketing buttons. Like i've been moaning about for years and years.
With a clear strategy for every layman to understand is all I want and I'll be very happy to hold long term. A guessing game is not acceptable for any investor.

Blimey that was at a large premium to the SP 221706 at 0.23.33p
He/she was either mugged or the MM is very tight on stock
This could fly today

We’ve not done much in the way of building a empire but he certainly used Shareholders money giving it a good go.

Enquest must set out a plan for the return to dividends when the details are published for the GE deal, otherwise we won’t be going anywhere.
Brent at $75 and the SP can’t even hold 22p it’s a disaster.
We simply are not attractive as a investment at the moment, that’s obvious with low volume and high volatility.

Mrc please don’t jinx it

Considering the price of oil, this was a terrible trading update, imagine where we would be if oil prices had stayed around $50

Another large draw
Crude: -7.199M
Cushing: -2.550M
Gasoline: 959K
Distillate: 992K

Mrc - you’ve Jinxed it again

Something has got out that for sure.

Summary
In a short-term perspective, the company has interesting fundamentals.
Strengths
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
For the past twelve months, EPS forecast has been revised upwards.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses
With relatively low growth outlooks, the group is not among those with the highest revenue growth potential.
The group shows a rather high level of debt in proportion to its EBITDA.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
The group usually releases earnings worse than estimated.