Member Info for mrc_mrc_mrc_mrd

Not convinced by the "overbought" argument. Based what? On the chart?

Saudis have changed the game.

ENQ are lagging their less indebted peers because of the looming deadline. When that goes away the stock will re rate IMHO.

That time is nigh with Brent bullish, either through confidence that debt will be repaid on time, or through a deal with the banks to provide breathing space.

Chilting,

BP has gained 50% since lows in November.

ENQ has gained 50% since lows in November.

Their charts are near identical.

ENQ will rise sooner and sharper than BP IMHO. ENQ valued as a high risk binary bet and will quickly move as it becomes clear. Could happen in a day if the BOD announce a new funding package or extension of the RCF for another 6 to 12 months.

Fair enough Chilting, as you are one of the LTH I understand your pessimism.

That said I hope you don't get another opportunity to buy below 12p ;)

GL Ammu,have enjoyed your postings, long and short.

Hi Big D - I understand you were instrumental in getting rid of the last BOD.

What are your thoughts on putting some pressure on the current BOD?

GL Dodger

Nothing wrong with leaving something for the next guy.

Must say I was tempted to take some profit, but experience with ENQ tells me to hold my nerve. 18p should happen in the next days and weeks. I can see a bit of consolidation coming when we reach that level which should become the new floor. I will take some off the table at that point and hold the rest for long term (3-5 year) multi bagger.

Ammu and Chilts seem to have sold out with these scare stories?

Fund raise would be a disaster and they know it. There is no need to do it so why the heck would they!

The SP has a good bit further to go in this rally IMVHO. Finished on day high, volume high, and POO continuing to rise.

You post some amount of rubbish Therapist

Just need a stable oil price ($65 would be fair). Last 6 years have been bad but with shale bloodied I can see a return to a more stable oil market

And hardly any extra shares in issue since - options etc

Chilts - 30p less than 12 months ago?

Chilts,

Just done a quick calc and we should be paying back about a million pounds a day at current brent prices. Surely the SP should rise accordingly? Penny every couple of weeks?

Market looks ahead also so should price in some of that now. 18p next week is very possible.

Oh chilting, you have forgotten how to dream!!!

18p is coming

And yes 30p a bit ambitious but if the brent outlook is for $65 plus average over the next few years then ENQ will reflect that optimism. I think 30p is possible by June

Brent now pushing on towards $60! Could see that early next week. ENQ could smash past 18p if that happens.

12 months high was 30p I. The 20th of Jan last year - could we beat that?

Brent pushing on without us!

Take off scheduled for 8am Monday!

Have a brilliant weekend lads

Looking like we will finish above 14p IMVHO

What happened to waiting for 14.2p?

FS BTFATH, you've crashed the SP with your sale lol

ZFG, you are certainly high by the sounds of it!