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Barclays Says Recent Correction In Oil Prices Has Been Too Rapid And Was "Largely Unwarranted In Our View"

Remember AB is suffering along with the rest of us. I bet he's deeper under water than most of us here and with far more skin in the game. The only advantage he has is the fact he knows what's going on behind the scenes all we can do is to sit back in stress mode waiting for things to turn around. Not much fun is it !

I hope you are right Jan. I've got the worst record for trying to catch falling EnQuest knives, surprised I've got any fingers left. I should stick to spray guns

Remember AB is suffering along with the rest of us. I bet he's deeper under water than most of us here and with far more skin in the game. The only advantage he has is the fact he knows what's going on behind the scenes all we can do is to sit back in stress mode waiting for things to turn around. Not much fun is it !

I hope you are right Jan. I've got the worst record for trying to catch falling EnQuest knives, surprised I've got any fingers left. I should stick to spray guns

Another new yearly low hit today. This is great isn’t it.

They could have and should have set aside a small percentage of FCF for buy backs rather than just allowing this spiral to happen. We didn’t need to wait for 0.5

The bod have to take part of the blame

Probably buying back the loaned stock borrowed last Thursday

Market values us at £355m - Really !! Our net assets are worth more than that plus our Cash in the bank.

What a joke !

We have Lost 15% in 4 days.

If I buy stock I suggest everyone sell as quickly as possible, Every single time I top up the price tanks straight after.

We are screwed !

They don't need to do anything the stock will automatically be transferred to LSE.

Our SP is appalling and the blame does lie with the BOD, they knew exactly what would happen to our SP if they didn't then they shouldn't be running the company.

I'm sure this has been done on purpose. Maybe AB loaned his stock out

How can the BOD be happy with $90 oil and new yearly lows being hit.

Come on EnQuest this isn't acceptable change your policy and start buy backs, surly you can afford a few million quid

Makes no difference to you Stumpy, reading your posts gives me the feeling you don't hold any stock

Opec meeting going on now, Oil prices a little jittery while we wait for a conclusion. Hopefully nothing is changed and as long as they say demand is still strong oil prices should erase the last few days losses

The delisting handed a easy short to the market like it was done on purpose but what else could EnQuest do. they must have wanted to reduce the complexity of the company like they have done with the debt to make us look more attractive to potential buyers, can't really see the costs being the driving force behind it.

Anyway that borrowed stock will need to be bought back at some point and the higher the stock on loan could provide us with a bit of a bigger bounce if good news lands.

“The rules of the game need to be clear to everyone and they shouldn’t change in the middle of the game,” Myerson said.

Https://worldoil.com/news/2023/10/2/uk-windfall-tax-stalling-cambo-oil-field-development-in-north-sea-ithaca-reports/

Yup Opec meeting tomorrow and fingers crossed they hold as planned.

God knows what my phone done to that post of mine.

I posted:

"Another 20k worth chucked in the pot" - My Spelling must have been bad to come up with that lol

I jumped the gun by the looks of it - B0ll*cks

I must be bloody mad

Another £20k worth mentioning n the pot

So would I Jan.

I just get the feeling the SP is being suppressed on purpose - I can't see that the delisting is still forcing this down and down.

If the board were that bothered by the poor market cap they could easily find a way to push it up.

I just hope we aren't being set up for something nasty like a low ball takeover.