Member Info for laidback

I dint think so Ammu

Baron is a very successful long term investor in multibaggers .... thats why he has a huge following

How much people follow you ... let me guess ... just yourself lol ?

Ammu smacks of desperation

The 1m shock cut to production by Saudis is a game changer for oil prices. I think we will see $60 Brent next few weeks. At that level, we can expect FCF of $700m for 2021. This is a year of consolidation for Enq. Year end debt should be below $900m.

Enq gave a guidance of FCF above $27. They used 2020 to cut costs and get leaner. Higher cost production was terminated.

Debts could easily be fully repaid within 3 years on current production and prices. Worse case scenario, if no further drilling and production falls to a pessimistic 40,000 bopd by end 2023, but zero debts, how much is Enq worth then ? At least $2-3b, not $200m !!

And Two major differences between Pmo and Enq

1. Pmo had a hostile vulture lender who had a record undundisclosed short on the company

2. AB is a major shareholder in Enq

Exciting times ahead for longs

Baron has a very impressive track record of identifying oilers that multibag

He went long on Enq on Friday...so expect this to double at least from here in a short time frame (weeks)

Baron has a HUGE following

He started recommending Friday and twitter is buzzing with Enw as a speculativebut, so there will be huge buying pressure next week

With Brent on a bull run 18p is on the cards next week imo

I mean $60

Gap up to 18p next week if Brent surges towards 60p !

I mean $60 !

Gap up to 18p next week if Brent surges towards 60p !

https://twitter.com/baroninvestment/status/1347547201606737921

Ammu a couple of pence here or there wont matter when this hits 30p later this year

Get back in quick Minday morning ... Friday's rise in poo is not reflected in sp

Krakenoil
Short/medium/long term sp prediction from you ?

I wander what Enq sp will be if/when oil hits $100

Desperate deramping speaks volumes

Next week imo

Ammu sold too early and now desperate to get back in lol

There will be no cash call with oil going up ... RCF will get refinanced or repaid.

Debts down to $900m by end 2o21 hopefully

Both Malaysia and Magnus will perform better in 2021 ... expext production 55k-60k in 2021 .... $700m FCF if Brent goes over $60

I think bull run for oil just began .... these preductions for sp look achievable imo

Hitman1 Brent is bullish

US oil production 8-9m by end 2021

Field life over 20 years

Sells at premuium to Brent

Bressay is a similar field

Imagine both pumping out 50k bopd with debts long paid off .... sp will be in £s, not pence !

Lets get debt down to $900m by end 2021

Fcuk acqusitions or capital raise

Then start drilling 2022

Perfect storm of stimulus, vaccines rollout and shale collapse