Member Info for mrc_mrc_mrc_mrd

Lol good one AA

Point stands. This deal doesn’t begin to pay for the management in place at EAG and SCIR.

The BOD need to rapidly scale the business which most likely means a placing.

Pelle dumping his stock?

One thing for sure is that Chilting has called this badly wrong! Looks like his string of good calls has ended?

Some peeps seem more interested in clogging up the bird with conspiracy theories than getting into the meat and bones of this business...

AA, Chris - any thoughts on this one? -

It’s mental that a 500kw generator business is a listed company! I could put a wind turbine in my back garden that would generate more power!! Do we really need 2 layers of management to organise the cow shed lads to scrape the **** into the AD?

This will come good long term I think but I think a better price still to be had. All it will take is a bad week in the broader markets.

Long term holders have nothing to worry about at these prices I think.

4% down so far

What improvement Chilts?

Production down and at low end of guidance. Still problems at Magnus and Malaysia, costs rising beyond guidance. POO has dragged FCF over same period last year but not by anywhere near what we expected.

Looks like GE could be the saviour, but then again I thought the same with Magnus.

Operating costs up, production at low end.

Yep I agree it was outrageous to cancel the days deal. This BOD seem like green hard to me at business and deal making. Not sure it is something that can be learned either.

It’s mental that a 500kw generator business is a listed company! I could put a wind turbine in my back garden that would generate more power!! Do we really need 2 layers of management to organise the cow shed lads to scrape the **** into the AD?

It was well overpriced back in the day. I remember it got to about 30p just on TCs name being attached?

Those were the days of high POO of course.

Think we are well placed at current SP for a decent rise.

Looks like you did well getting out of HE1

Sadly SCIR BOD is still holding!

Agree Hitman - over time this will happen, but in my experience expecting a large rise on results RNS is foolish.

Could happen of course, but I think the market knows roughly what FCF generation is, so it’s not really going to be news.

Bit more volume here today. Looks like a great place to buy in.

Hard to know which way it will go. I doubt we will hit Pelles FCF estimates. We might even see a guidance downgrade based on performance to date.

If some of the other elements (completion of deal, use of EP, write back of reserves, kraken hub info) are announced then it could rise.

I will wait and see.

KO - Chilting is a self confessed trader and does not believe ENQ is a long term hold.

Check out PMG if you want what SCIR should have been. European gas now over 3x what it was when the deal fell through.

BOD of SCIR are the pits IMHO. Uninvestable for me, but good luck. I doubt We will see an operating profit at EAG, let alone covering SCIR G&A. We need scale for this business. Hopefully it won’t take another 3 years to get the next deal.

Unlikely Steve to pay G&A. Capital required to bring these up to standard, and remember SCIR only own half.

We also have 2 sets of G&A to pay with the EAG guys I’m sure will be wanting a big wedge of cash for managing the farm etc.

I think traders like Chilting have pushed us up and will jump ship on results and take it down.

Therapist is right about the drivers, but ENQ have a habit of not telling us what we want to hear. It will come good but expectations are high for this update I think, and might be difficult to meet.

Is Chiltings power of prognostication failing?

Yes, gas storage is pretty much empty when it should be full.

It will be an expensive winter even with nordstream 2 starting to ramp up IMHO.

Pelle, no change in my position. Will possibly sell remaining holding at 30p, or may just let it ride.

Suppose I should keep some for my 60p party ticket!