Member Info for Krakenoil

Probably lose another 5% tomorrow when we go ex dividend

I’ve had enough of it. They don’t ever move up because of the uncertainty if the price will fall next week and then they tank when it does.

On top of all that our government want to kill us off as well

If someone posted on here back in 2024 saying EnQuest would struggle to hold 21p with Brent around $115 barrel I would have laughed and called them a blatant deramper

The US are denying it lol

Just seen it - oh dear

Can’t see any news of that

Just took off again

Looks like Iran have been busy during the night laying mines

So the straight will remain shut for the foreseeable

Things will change massively when EnQuest land this next deal

Stevo I’ve been over and over the Sea profit share/Tax and I come up with 70% Tax so say out of a 50m profit government take is 70%

How are you getting to 80% ?

Have we been waiting for BP to make the Transformational deal happen? Cash/shares/profit share in exchange for part of BP’s UK assets

Https://x.com/business/status/2050232544998601094?s=46&t=PUOVTp6MPwanTcF7mA-EHQ

There are a few sizeable buys popping up today around our yearly highs and on a Friday as well

I believe our hedges cover all of our production including SEA but from what I can see is SEA is selling at around the same price as Brent may even be slightly higher due to the supply disruption over there is higher than this side of the planet. I did ask the question on how much royalties and tax we are currently paying over there because of the complexity of it but I’m still no better educated from the reply I received. That’s a question for the AGM

What I do know is 2/3rds of our production is selling to the highest bidder and

just another 4-5 months of these high prices and we should be net debt negative.

We are still waiting for this UK deal to materialise and to be honest I thought we would have already completed on it but high prices has likely delayed it.

With current oil prices Our Market cap should see a nice steady increase each week

Wouldn’t it be nice to be sitting with a negative net debt balance sheet for the first ever time.

Dont spoil it lol

Can't help yourself can you lol

Every rise is getting sold into at the moment

20p seems a very tough breach

UAE just left OPEC

But Net increased to $23.5b

Actually if you ask Ai why Enquest market cap is so low it doesn’t explain from a market perspective and gives the reasons as to why Serica’s is far higher.

As Ron says things can change fast and at the moment we are priced as a debt zombie but that is changing fast with oil prices at 100

The way I see it as to why we are struggling to attract new investors, The market sees Enquest as a company holding old declining assets with a higher BE than most others due to higher OPEX to keep production rates stable, debt levels that sucks away most of our FCF at $70 oil and EPL that stings us more than others in the sector. (The market still doesn't believe in our growth strategy either.)

So there isn't much left to pay shareholders or reduce the debt. So at $70 oil we are looked at from a market point of view as a debt zombie.

But at $90 that changes everything and we start to look very undervalued as FCF jumps massively and net debt reduces fast

$100 plus we are a cash machine - And 2 months isn't enough to get the markets attention

We need 6 months of $90 plus oil and we climb out of this rut we've been stuck in since the EPL was introduced.

We do need to add in a fresh new asset to our production portfolio - Like FID on Bressay or get this deal over the line that we have been waiting so long for.