Member Info for mrc_mrc_mrc_mrd

All over the recent trades.

Nobody been interested in buying for the whole week!

1p could go this time IMHO. Seems to be something driving holders to the exits

Yes around 18p looks like good support IMHO

We have gone up from 15 to 22p pretty quickly so nice healthy profit taking drop back before the next rise.

We have doubled in the last 6 months and I don’t see any reason why we can’t do the same again in H2 for end of year at 40p.

https://oilprice.com/Energy/Energy-General/Its-Too-Late-To-Avoid-A-Major-Oil-Supply-Crisis.html

Good opinion piece IMHO

Perhaps the amortisation schedule is a key to the puzzle...could be that we have to pay off instalments with final one being at the end of May 2023. A way to restrict spending and ensure debt reduction?

They basically want GE and existing loans paid off in 2 years, then give them the headroom back if the bonds get refinanced?

This type of facility is not really supposed to be used as long term debt.

Surely the loan forces a changes to our rating....uncertainty now gone...

“ The Caa1 CFR assigned to Enquest plc reflects its high leverage and the likely need to refinance $335 million amortization due in October 2021 that Moody's is uncertain that the company will be able to repay from organic cash flow generation, especially in a low oil price environment.”

Looks to me like this is the start of a big drop for HE1. Retail will brick it now the slide has started IMHO. Maybe get back above 20p if the drilling campaign is successful.

I think this BOD think they are master traders now!

We would all be very rich if that were true SHS! Sounds like easy money strategy!

Good post Romaron.

I suspect things might be clearer when we see the full prospectus. Hopefully soon!

Will it really KO? Or is that your opinion?

So far the doom sayers have been wrong.

People love a bit of hand wringing

Fact is oil has been fantastic for humanity. A transition is underway. Vilifying oil is not going to make it go away any faster.

Don’t get me wrong, I invest in efficiency, renewables and recycling too. Some of them are very exciting and might be great investments. For risk reward at the moment though you can’t beat oil. Middle class Englishmen may have the choice to indulge their guilty conscience, but most of the world do not!

I would guess they don’t want the loan to be used to pay off the bonds. No idea why they would be concerned about that. Romaron might know.

Bond holders clearly not bothered and pricing in getting all of their capital back by the due date.

I’m confused because everyone here has been saying that HE1 SP will rise now as we are drilling??

Frank - the warrants have always been there and you will note the warrants exercised today cause very little dilution

Banana - if you look at investing.com or other economic calendar it tells you consensus expectation.

HE1 dropping?

See TLW have increased hedging and plan to get 2 years at 75% and 3rd year at 50%.

Enquest looking like they are now the best exposure to higher PoO.

Very nice little jump there.

An international leg to the 60p party sounds good to me.

Sweden is a beautiful country and very nice peoples from my experience.

GKB - maybe you need to get out of your parents house for a few days. Why not purchase a few ENQ shares and join the party?

Licence expires in July for platypus I understand so should see some news there. Would be nice if PMG can increase their stake.

This share has previous of doing 10p to 50p in under a year, under very similar circumstances. It’s all looking rather good!