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At 76.40 now... something tells me the market makers and shorters have known for two days that the figures out tonight at 21:30 will be awful...

Geo101... Please do not be silly... When our sp was at 40, Brent was at 30 dollars...

ROS1... We are down to 109 now and again even steeper losses than TLW or ENQ. No guarantee that we won't go any lower, but if the tide turns, the upswing will be swift and huge, in my opinion. I was tempted to sell at 147 a couple of weeks ago. I missed that boat, but if I had funds available, which I do not have, I would buy more now... But I have always been wrong, so take this with a pinch of salt or two... Good luck

Peter18... Shut up.

NAV... yes, you are correct. But honestly, what has a 6% fall on top of some 25% recent fall got to do with all this? I estimate that we should be nearer £ 2 now... shorting is one thing, sp collapsing like this for no reason at all is purely shocking

Hi ROS1... closed at 114.00 lowest of the day and lowest for ages. Only two or three weeks ago we were trading at 147... Down 6% today with oil steady... Tlw only down 2%... Go figure... my paper loss from 180 has now gone back to enormous proportions and I am down some £ 20,000 which is nothing for most, but an awful lot of money to me...

Brent steady at 79.73, exactly same as at the opening when PMO was exchanging at 123.60 whilst now we are down to 114.60 and with oil at around 80 dollars, our sp is down to when it was under 70. Oh well, it all makes sense... but not to me...

Brent back up to 80 dollars and PMO sp further down to 119???
Earlier this morning PMO was slightly up to 121 ans Tullow massively down to 229. Now they are up to 236 and we have gone into reverse...

Very unusual, Ho55 and a welcome surprise. usually when Brent tanks like this, PMO is always by far the biggest loser and it is nice to see how well the sp is holding, considering the very big drop in oil prices. Being down less than 1% is nothing. I just hope I am not cursing it now...

Looks like DBNO has been very conservative this time... Brent at 78.7 and tanking. My target is 75, to be reached in the next 2 weeks

ROS1 ... Day trading is an art and I leave it to those who are better (and luckier) than me at that... It can be extremely profitable, but can burn your fingers too... Only yesterday morning PMO opened at 128.90 and seemingly about to fly to the mid to high 130s for the day, as Brent had spiked to 81.6... A day later, the sp is languishing at 119... You would have lost A LOT of money, had you bought PMO shares 24 hrs ago...

Wisdom, it is now 0.64 down... I must say I never believed in spikes during or soon after RI. Not just for ENQ, but in general. Maybe the spike will come later today or the next few days, but Brent at 79.5 and WTI at 69, the sentiment is negative, I am afraid... My PMO is now down to 119 and declining rapidly too. Good luck all here

Good morning ROS1. Your post is spot on (note the anagram) lol.
I am getting very concerned too, that the debt seems to be going down ever so slowly, irrespective of oil at 30 or 80 dollars. As it is firmly under 80 now (79.32 as I write this) and the sp has dipped under 120 (119.7 to be precise, although I hope it recovers later in the day), the question I ask myself too, is how high has Brent got to be, for us investors to be able to breathe a sigh of relief for the future?

Make it 79.2 and 69.8 now...

I take my hat off to you, Downbutnot out... 79.63 Brent as I post this and WTI is about to go under 70. PMO at 120-121 and let's hope for a recovery before the end of the day

MO, you could not have been more wrong, I am afraid...

Downbutnotout... I do not think so. Just gone up to 80.56 as you wrote your post. Let's hope it recovers further

Thanks a lot, Romaron. I do hope your investment in ENQ pays off and good luck to you and all invested here. My PMO has just tanked to 121, together with Brent. Better worry about my money there...

Marshall... I am more worried about our sp just crashing to 122 and Brent at 80, rather than having to read your tedious posts. Please leave me alone now

Hi Krakenoil, thanks for the explanation.
Hi Romaron, thanks for your comment, part of which I agree with. But when you say that there will be sellers during a RI especially if there is a premium on the rights, surely this does not apply now to ENQ? The new shares cost 21 + 12 = 33 and the sp is 30 or 31 as I speak to you?