Member Info for laidback

Mrc/d
Looks like US oil production is on an inexorable decline in 2021 !

Should continue to perk up oil prices as a record bounce back in global economy gets underway !

Kraken
Dw mate.... with Brent near $70 this will rerate significantly. Its inevitable and just a matter of time !

Equivalent to 2-3p on sp

Ridiculous valuation !

Brent at $68.68

Pelle
Whether its 100m or 120m still that is at least 6p worth of debt reduction
So 24p looks very likely in May imo

Net debt lower by $120 m since year end ?

Sepl looks good

Enq looks better with debts falling fast. And Ceo has massive stake in Enq

Sk agreed
Pay down debt
Close GE transaction
Drill when oil price is $80

Net debt less than $1bn
Production over 60kbopd
Brent over $70

Should see 50p + imo

$69.75 !!

BOOM TIME !!

$69.35

BOOM !!

$68.89

What is closing UT ?

Cash is king !

Hbr has EV £6.8bn. Debt 2.9bn. Mkt cap 3.9bn.... sp 21p
Enq has EV £1.6bn. Debt 1.4bn. Mkt 0.3bn ..... sp 18p

Say rising oil prices on 2021 increases EV of both by 50 %

Hbr EV goes to $10.2bn. Sp goes to 7.3/3.9 *21 = 39p = 86% increase

Enq EV goes to $2.4bn. Sp goes to 1.1/0.3 *18 = 78p = 430% increase !!

This is why you should select the higher leveraged company in a commodity boom.

GL All

Hbr has EV £6.8bn. Debt 2.9bn. Mkt cap 3.9bn.... sp 21p
Enq has EV £1.6bn. Debt 1.4bn. Mkt 0.3bn ..... sp 18p

Say rising oil prices on 2019 increases EV of both by 50 %

Hbr EV goes to $10.2bn. Sp goes to 7.3/3.9 *21 = 39p = 86% increase

Enq EV goes to $2.4bn. Sp goes to 1.1/0.3 *18 = 78p = 430% increase !!

This is why you should select the higher leveraged company in a commodity boom.

GL All

Oil looks set to explode !

$68.87

If Brent gets to $70 then this should get to 30p !!

Will get an update on operations !