Member Info for Krakenoil

I can't understand why someone hasn't challenged the government in court over the EPL charge and the statement of "Oil and Gas companies are making extraordinary profits and this is expected to continue"

That statement is wrong and should be challenged to "Some oil and gas companies"

They should also compare the oil and gas companies to the Banks over the past few years and see who made a bigger profit - They might want to add in a few MP's to that as well

I'm surprised AB hasn't taken us private.

We are 14 months away from a massive reduction in costs.

I wouldn't be surprised if we all get screwed over before that happens - There must a reason the SP is being so suppressed

I Fracking hope not

Why does our market cap keep on falling as the debt is being reduced? We should be seeing a seesaw effect going on, debt on one side Mcap on the other. There surely has to be a point when this starts to happen.

Jefferies Mark Wilson forecast a P.E. of 2.7 for 2024 but still he gives a poor target price.

Unbelievable

Both enjoying themselves bull bashing bouncing off one another - Neither invested

Go on lads enjoy yourselves while it lasts

I suppose the company could set aside say £50m use it for buybacks on any SP weakness during the year and then whatever is remaining then use it as a special dividend.

That is the security but Labour won't tell the voter that.

Nor will they tell the voter how much money it brings into the country

I personally think it would be a mixture of both as that would take care of any day traders wanting to short the stock and protect against any down turns whilst giving the larger funds attractive cash return

Stuart Payne's comments must be pathing the way to a Floor on the EPL charge, I can't see them removing it as that would be throwing Labour a bone but a floor of say-$90barrel will do the job nicely and that's much more difficult for Labour to complain about

The only other thing Labour are now stating is that our North sea oil is sold on the open market and is exported. So it doesn't lower our carbon footprint if we import oil as we export most of it anyway so it doesn't aid our energy security either.

Like I said before EnQuest have proposed different development concepts to NSTA but approval hasn't obviously been agreed, pressure is building and I'm sure its not too far away. Bentley more of a longer term project post ELP

Once Bressay gets the green light it adds a massive amount of asset value to our portfolio

Wee could be just weeks away

Https://www.zerohedge.com/energy/green-energy-waste-overlooked-climate-agenda

He's still better than me lol

Is AB looking at tying up a merger like this for his retirement I wonder, If he is then we will be driving a hard bargain for his families shares

I wonder if Johnathon Swinney is still for us working as a advisor behind the scenes

We were 14.2p before the news landed on the 22nd December.

How can one man and his opinion push our SP down so fast so easily.

This is a big problem for us as we have been and still are so easily manipulated

We are a investors nightmare and that wont change until we have returns on the table.

I spoke to Enquest yesterday afternoon over the Jefferies downgrade, they were disappointed with Mark Wilson’s focus on just the declining fields and the fact of no shareholder returns

It annoyed Enquest why he chose to ignore the importance of our strong performance over the past few years and the fact we are still a growth company. He also chose to ignore our Tax advantages and falling debt

They also said

As you and I have discussed previously, our senior leaders remain committed to delivering returns to shareholders and seek to create a pathway to delivery during 2024. We are also very much focused on bringing our relative tax advantage to bear through inorganic growth, so our strategy is very much geared towards addressing the issues which are being prioritised by Mark Wilson in his note.

Never seen a Broker being able to drive down any SP that quickly and hit their target within a few hours of their note being issued.

I smell a rat.

The Swedish delisting didn’t drop us enough so Jefferies had go.

Someone doesn’t want this moving up

Looks to me like Jefferies has downgraded us on the lack of shareholder returns alone, more or less saying “It’s all talk, no action and the market is tired of it “

There you go AB even Jefferies are sick of it.

"EnQuest (cut to 'hold') has delivered production to guidance in both 2022 and 2023 but on declining volumes and, overall the stock is down with no direct shareholder return to offset," Jefferies said.

Only 9 weeks ago

JPMorgan raises EnQuest price target to 30 (27) pence - 'overweight'

Did we move up, no we did not.

Jefferies downgrade us and we tank even with oil prices pushing upwards