Member Info for MaverickD

Friday was a slow but Monday should see the buys coming back here for those the recognise this is a bargain. POO now almost $62.50 and Enquest will be joining on the oil party.

Thinking some hedges will get locked in too.

Gap fill this morning - so wait for the buys

The movement up will be gradual, part of investing the market maker will match buyers and sellers, although the trajectory here is upward moving.

Should see another move higher today, with all the interest and new money would like to see if we get through the 21p mark. Read all the posts about valuations and I firmly believe what we read yesterday and looking at the market overall a fair value is 25-30p. In the future if all remains as is then I 6 months 45-60p is a realistic target

So at 70k bopd we are looking at $4.2m a day based on $60 dollar Brent. Opex at a third, so $20 so should be $2.8M in the bank daily after expenses daily, which equates to just over $1bil in annually. Hedges to be made and that at the moment are a slight premium to $60.

All the indicators along with the results are pointing at this creeping up. Bit of a delayed reaction, but I think we have a 20p finish on the cards and the positive move to follow on tomorrow.

Still have the view that anything under 25p here is a bargain.

I'll think you will find that some holders in PMO sold this morning and jumped in at ENQ with the update they released. I sold a few to get more over there. I think ENQ should be around 25p minimum based on this morning's update.

Traders out.....next leg up
Anything under 25p on that update is a bargain

Looks like a number are selling PMO and buying here. Well expect some would have done the same as me this morning.

https://www.energyvoice.com/oilandgas/north-sea/207038/half-year-profit-up-for-enquest-as-chairman-steps-down/

Read through the update and production is at the top end of estimates, opex is lower, profits higher, net debt reduced by about 10% I think this is nailed on for 25-30p now. CEO knew a bargain when he saw it!

Since May 2019 the CEO Amjad Bseisu has £1.25m on purchasing stock in a range of 21-19p. Happy to hold and be rewarded.
Final 12 mins today.

Taking the sells to fill the larger buys we have seen. 5 buys to every 1 sell

Brent just shy of $60

1hr 40 to go plenty of time for those to get in

I have been waiting for an entry, think the mms may yank this - just holding tight

Next stop 20p - looking for a strong afternoon

Its over 19 now

I think the orders are being filled, MMs will probably let this go towards the end of the day. Agreed though we should be a lot higher.

Enjoy tomorrow I guess.

Buys building should be going through 19 soon enough and then the aim is targeting 20. Nicely poised for our update tomorrow