Member Info for mrc_mrc_mrc_mrd

Yes probably the sort of document that needs a proper read rather than a key word search!

I must admit I had come to the same conclusion as E121 when I looked at it briefly this morning. Very happy to be wrong in this case!

Thanks Oinkston and VoR

Game changer.

We will see announcement once they hit the 0.5x target IMHO. Possibly in their Feb update where they set out the plans for 2023.

L7 - ENQ have stated they want to move away from cost less collars. It made sense in the low price range bound environment and kept hedging costs minimal. but they miss out on a lot of upside in the current market I think.

The hedging requirements are much more sensible, and hopefully ENQ will structure them for downside protection only and keep upside.

Lol, in what way are they “in the bag”

Ramping nonsense

You can see Daily funded bet price, Dec 22 and Jan 23 prices on IG.

Personally I use DFB which I assume reflects the market right now.

More refining is surely positive as it will keep product prices competitive for consumers and help demand.

There is a long way to go this winter. Perhaps no oil switching this week but the weather is fickle.

I’m expecting a sharp downgrade from Hosie next week.

Ttf down 12% might have something to do with it?

https://www.moodys.com/research/Moodys-upgrades-EnQuests-Corporate-Family-Rating-to-B2-stable-outlook--PR_470498

Nm

The SP is tracking TTF.

PMG now back to where we were before the massive spike began in June.

It’s great that the gas price is 4/5 times higher than historical averages. It certainly looks like a very steep decline on the chart, albeit to a high plateau. My point is that the affect on PMGs profits in NL is considerable.

Anyway, the windfall has been great, let’s hope the tax is not too bad and that TC can start progressing some projects.

SoTB - I was pointing out that PMG don’t sell oil. They have a couple of wind turbines and a small amount of gas production.

The price of gas has fallen off a cliff.

A doubling of the SP in the next few months seems very unlikely.

I think you might have gone senile waiting for TC to deliver.

What is the point of your mindless ramping?

We don’t sell any oil?

Tigar - perhaps. I suppose it’s not done until it’s done.

Once it all completes we should get the credit and broker ratings upgrades. And I guess some headlines.

I don’t see Bressay ownership percentage changing too drastically. ENQ 40%, Equinor 40% and Chraysaor 20% approx.

We can afford to develop on that basis I think if POO stays high for the next 12 months.

We are valued to be out of business by 2025 so the sp reaction is a bit ott.

Bressay and Bentley should go a long way to offsetting any EPL due

Good old Grampa Joe looking after the worlds poor.

Get real Chilting

Kamrat,

I don’t really have a problem with L7. His last post was a much better contribution. Lately though we have had some long winded posts basically saying that he doesn’t bother to keep up with the detail on ENQ.

I don’t like these snide little comments that he indulges L3 with.

Magnus is a Problem Child? By what criteria?

Company saver Kraken is an ugly duckling now?? Baffling.

Everyone is welcome to comment here as far as I am concerned, but we are also free to challenge and disagree.