PMG a no brainer with the profit they are making on the Dutch gas. News on the other development assets could drop at any time as well. And a potential drill next year. All very exciting if anyone is bored of SCIR! AIMVHO
In the end the dividend will be the same so to me it doesn’t matter. It just means you can get a bargain now buying European oil shares. Ultimately the SP movement is irrelevant if you are holding long term.
Even if you are investing medium term for the deleveraging, that will become clear as each period passes and we reduce net debt. SP will rise accordingly.
Americans are optimists and risk on. I think that is probably the main reason for the divergence.
E121 - the end result will be the same so it matters nought to me.
Personally think it is not that difficult to come up with a ball park figure ourselves. So much can change over 6 months that forecasts become a bit pointless. Does anyone really invest long term based on a company 6 month forecast??
Would be interesting to see what TLW forecast for the 1st half.
As L3 always says - production is the key, and we get guidance on that, as well as costs.
People invest in Amazon because they know what it does. Same for Apple and Tesla.
A lot of retail people who invest in oil are in the industry. Others will come in when they see the FCF and when dividends start coming over the horizon. That is all that matters in the end as we delever.
ENQ just need to keep chipping away at the debt, developing reserves, and putting in place renewables opportunities.
I think there is a good chance we will see a crash in the US. inflation will start to hit earnings and equities will start to look (even more) over priced. The reality is starting to become clear - prolonged supply chain problems, higher taxes, withdrawal of stimulus, potentially higher rates.
When is anyone’s guess, but I think the BTFD crowd are weak and once the selling starts it could go deep. AIMVHO!