Member Info for Krakenoil

Why wouldn’t they ? Enquest has done exactly what they said they were going to do.

What’s not to like ?

Can’t believe we couldn’t hold a rise on todays news

Just shows you how bonkers UK markets are

And still we have plenty of shareholders willing to sell out.

Thats fine by me, let the buybacks take that advantage

Well $15m is there to take advantage of any weakness going forward

Didn’t realise Stevo worked as a journalist.

From 6.5% straight to -2,7% wtf

Just waiting for Stevo to pick out all the negatives lol

The market was expecting a plan to shareholder returns not starting shareholder returns - so that’s a nice surprise

I thought we wouldn’t see returns start until next year

It’s a massive positive

Fingers and toes crossed

It’s about time monkey, keeping everything crossed for tomorrow 🤞

I've probably just jinxed it with buying a few more, So if I were you lot I'd sell now lol

Low volume and still sellers not wanting to hold going into tomorrow.

Hope we don't see further selling going on this afternoon

I thought we would have seen a bit of positive buying going into tomorrow’s results. Obviously people still very cautious and not expecting anything to change.

Oil prices looks under pressure which isn’t helping

Building on this excellent operational performance and by remaining disciplined in our investment decisions, we have set the foundation for a pivot to growth during 2024. The Group will provide an update on shareholder return plans when we announce our final audited results in March."

Hi Jan, Enquest aim was already focused on net debt reduction until we have reached the target of 0.5, that’s been the plan for the past few years, 0.5 will be met this year and they will stick to the plan of returning us some money, my bet is that will be inline with the drop in the Kraken lease next year.

You never know we might get a nice surprise

Maybe it was your figures that were wrong Stevo - You have a higher BE cost per barrel than I do but mine could be wrong as well it came straight from the horses mouth at the AGM in not so many words

Stevo - Agreed you have to take a balanced view.

Just pointing out that your views haven't been that balanced have they. Come on you have to admit that you hold a negative view on EnQuest and I hope that changes over time.

Stevo always picks out the negatives but that’s getting harder and harder to do as each month passes.

Still some strong selling going on. I really hope Thursday doesn't disappoint

Thought we would have seen a little more of a rise today with oil moving up again.