RE: Greencrackkrak, sell your oil shares then!21 Jun 2021 09:29
There 's many things my answers won't explain, Romaron. I 've given up on looking for answers for every question as markets are not always rational. When you compare share price development between US and UK oil service companies, you will see a similar disparity by the way. But markets are linear until they aren't any longer and eventually fundamentals/numbers will prevail.
RE: Greencrackkrak, sell your oil shares then!21 Jun 2021 09:04
Good morning, Romaron. So many small- and midcap US-oilers that have extremely limited coverage have done very well too. The reason why we haven't moved yet is a very simple one in my mind : the Northamerican market still attracts an overproportionate flow of money. That can change.
Greencrackkrak, sell your oil shares then!20 Jun 2021 23:38
BP and RDS are getting greener than any of us could imagine few months ago, has it helped their share price evolution? I don't think so...On the other hand, i could list you dozens of shalers whose share price has quintupled, sextupled, decupled in less than one and a halve years. Yes, shalers, that do nothing but pumping dirty oil. While using dirty chemicals to extract that dirty oil from rock. I am confident numbers will do the talking.
Share price spikes just as Krak gets his daily moaners high. I wonder if he manages to go to the toilet without watching ENQ's share price on a screen. Perhaps consider writing a novel, Krak "My adventurous life with the Enquest-share" :-).
Krak, stop moaning. So many US shalers that have gone up 3-4-5-600% don't do anything to "market" their company either. It is simply the fact we (or the English oilers as a group) haven't attracted the money flows yet. Our time will come.
American and Canadian oil equities are faring hundreds of percents better. I can't /refuse to believe it is because they are more shareholder value-oriented, sorry, E121. It is only the North American market as such that still seems to be the favorite of the big boys. An oil sands king like Cenovus (CVE) is not ESG either, but share price nevertheless went up from $1,45 to $10.00 in one and a halve years. So you can't blame ENQ's lanhuishing share price only on the fact that oil is shunned as an investment either.
It is not just Enquest 's share price that doesn't get traction. Maurel and Prom (MAU), a French E&P, was paid 4,20 euro per share when 70% of the shares were acquired by the Indonesian state company Pertamina. On top of that 4,20 euro, a price adjustment equal to €0.50 per share was payable if, between 1 January 2017 and 31 December 2017 (inclusive), the Brent price was above US$65 during all trading days over a period of 90 consecutive calendar days. 65$/bl. The Brent barrel is now over 70$, the MAU share price hardly 2 euro.