The stupid thing is, On paper if we were to go pop right now, our assets would cover the debts and leave us shareholders with much more value per share than we have now lol
The MM has destroyed our trading volume. I mean who would want to invest in a stock that is so easily manipulated. Brent at 2019 highs and we haven't moved from when Brent was $71. WHY ?
Tullow approves its first Dividend payment since 2014, at least this shows the oillies are beginning to recover now. Who will be next to introduce Dividend payments PMO ? Maybe next year we might get one as well !
That’s why I cannot understand how we are sitting at 22p ? We have the same production level with over double the amount of reserves but valued at a silly $2.1b including the Debt, we should be currently valued closer to $3b at leat using ConocoPhillips sale as comparison
Maybe AB should put a ‘ For Sale ‘ sign up against Enquest for $3.5b ono lol that would get the SP moving lol
I bought my first shares here when the oil price crashed at the same time as buying Afren(The worst month) of my Trading career! And also my biggest loss ever.
Took over 2 years to get that back, UKOG was my saviour and got me back into good profit overall. Been in and out of both PMO and Enq for the last few years but now I ain’t selling a single Enq share until we are over 75p or if we ever get back to receiving dividend payments then I will hold but with tight stops.
That’s the plan anyway.