Member Info for onedb

smartpants me sold out ? Whaaaaat ? When ? some spread that got stopped and rebought posted here too ? Why this obsession with me mate ? are you the same chap on advfn ? Bit of a weirdo if you ask me
Meet me in person or find out who I am and you'll feel silly. Not hard to find out.

Green Park whenever you are around. Give me time not around New York opening and am available

Do you realise traders buy and sell right ? Or trading as a concept is too difficult for you ?
On these bbs I discuss my own shares not my clients' portfolio and all spreads and share trades are approved by my compliance . I don't give advice just share a view or engage if discussion is of interest. Almost always add that disclaimer on purpose

So sadly for you am long Enq and not just Enq and doing very well . That must hurt you I know ... work harder and troll less you may get some better results

The UT was at 498 so 500plus seems like a super easy target . I even think 660s will be easy . The chart looks great as I mentioned after the breakout at 438 . That long base was getting us frustrated but for those who trade for a living we know that the longer the base... the higher in space. And I'll be the first here to say 1100-1200 is my real target not really the conservative 660s . Give me 12months and then attack me if wrong .

PE ratio is 2.7 here so super cheap . Value is king if growth will struggle .

. I trade spreads and have my core holding and will hold till at least 1200 as even there if Brent and energy remain bullish I see no reason to sell .

No advice just sharing my views as a holder

average front month future risen to $98.46

Given that the SPR releases globally will have to be replenished and the back end of the curve keeps on rising am very optimistic going forward
I still reckon 660s then 1100 are 2 targets that will be achieved .
Or look at it in a different way , BP and Shell have PE ratios of ... go look and HBR or 2.7 . A PE of 4 or 6 is fairer and lets remember that the E side is growing fast . the debt free forecast gets stronger by the day . All we need is price in the range 95 to 105 and we'll get there.

Agree . Maybe he saw some light criticism am guilty of having writing on this bb ;-))

The next to be reviewed up given Average year to date Brent prices should be HBR too

Am re-investing the small divi automatically . What are you guys and gals doing ?
Seems to me that with current average oil price we'll hover eventually around the $100 mark and worth seeing this appreciate thoughtout year So more shares please

Average Front Month Future for Brent keeps on rising now at $98.26 and getting closer to the $100 that marks the outlook for debt free in 2023 ! That is impressive . What happens when we hit 101 or 102 average or even 105 ? Does that become early 23 ? Instead of mid 2023 ish ?
The current outlook is looking great and the longer we hover around these prices the more value is created and forecasts become more accurate.

In the meantime I will be happy to get my first divi here too

I wonder if the old 70p targets will get upgraded

I was checking the ownership of Foxtons and didn't realise that Soros FUnd Management has over 5% in this Lots of good names own Foxtons shares

hahhah good spot outbutnowdown

HBR TO THE MOON

Look at gas prices today , Brent was down but Gas up at around 290p as I type, that is huuuuuge ! when you consider where half our gas is hedged the other isn't and now we'll get T and totally new additional gas production unhedged . I mean its huge even at 150 never mind 290p . The US reserve release has no impact on Uk gas prices . None whatsoever.
Big mistake made today by US admin in my view is not sorting out internal production which would have been only hindered as companies need cash to invest in new productive wells.
I see A) reserves will need to be replenished b) lower WTI will send a message to producers not to bother investing and C) we know shareholders are all demanding debt repayment. The problem in oil and energy in general is just about to start
We even had inventory draws lately when everybody knows we should be seeing seasonal builds before US summer hols driving season. We are drawing when we should be building . So what happens in summer ?
Yes today WTI and Brent down , ( note how YTD average price is getting closer to $100 and hence debt free guidance looking more achievable. but I suspect that once China Covid lost demand is back oil prices will rebound as will economies
Inflation adjusted Oil is cheap and not even close to historical highs

Long HBR as I think its super cheap and well diversified gas and oil mix

James Hosie the analyst at Barclays gave 570 yesterday indeed . Potential of 19% from 479p as I type

Have to say though that pointing out that information its not very useful and I mean it with the greatest of respect to him and poster

Because look at the the 31 calls he has made vs success rate . He is better on other stocks in my view . Again i have the info on all analysts so can place a rating in perspective . ie relative to previous calls

With the average Brent price getting closer to $100 ( front month future is at $97.66 now) and could go higher then guidance of debt free by 2023 is correct as is a June 22 FTSE100 entry ! I believe HBR is already at 96th in the FTSE so bar calamities its the FTSE100 in JUNE

https://www.tipranks.com/experts/analysts/james-hosie?ref=ib

Enjoy

https://www.reuters.com/quote/NGLNMc1

Plebleens , good spot ;-)

yes I agree to all those points too Plebleens

Today was probably a buy the dip or very good entry or re-entry point

Made a mess of my stops as I was out yesterday and today , I was stopped last night and had to rebuy . Time will tell if efficient or not but stressful for sure . OVerall main shares account untouched . Just played with spreads

With this now on track for FSTE 100 by June am expecting a rise and rise all throughout the year . With the obvious ups and down but overall am holding on to a view that we will be closer to 1000 by Dec 2022

So this drop is a buy the dip situation , Brent average is what matters and that is rising towards $100.

The daily vagaries have not dented that very good level that will allow for the aspirational debt free by 2023 level

A peace treaty is good for people but the sanctions at least the real ones only start end of May with the US -400k barrels a day they need to fill and other countries have not really done much . Peace won't see RUssia exports resume , we go back to Cold War situation . GLobal inventories too are very low lowest in over 5 years

Jan2,

Am bullish but 2billion is a giant stretch . Remember production is not all unhedged

Am confident divis and getting debt free in 2023 is a reasonable target (assuming no new 2P or 2C acquisitions )

The work they are doing with Schlumberger gives me great confidence that Enquest is being used for its great expertise in extending well life spans and that new deals will come at great gain for Enquest . They work with the big boys and are all the majors radar for what they do

My targets were 30-32 (achieved ) 38 (still to come) and then 48 ( suspect it will get reached) , at least in the reasonable future . At current levels 12 months could give a chance of higher and the 60p party. But I prefer to go 1 step at a time.

Lets check one data set , I.e Monthly Brent averages
Jan : $85.46 for Brent front month ( Does everyone realise that ? as some think over $100 has been for much longer )
Feb : $94.10
Mar so far $112.77

As we know from recent RNS debt came down substantially in Jan and Feb , but look at March average vs those 2 months . March must have been a bumber month even bigger debt decrease than Jan or Feb . So hoping April May JUne etc stay at these levels so say Brent is going way higher Yet that is just a huge bonus
Current Brent front month is also just over $119 .

Enquest demolishes debt with levels at $85 . Just like they did in Jan . So be cheerful as over $100 is sensational for free cash flow creation and a drop in expected production has a big margin of safety at these prices .

Just do the maths as they say ;-)

Happy Sunday and happy week ahead of trading or holding or new buying and making money

You are right i did get off I think at that level but have been back at 19.35 in Nov but I trade at loads of different levels too

I just checked, I use interactive brokers and you can email if he responds , James Hosie had his analyst view out 14 days ago prior to recent data and not yesterday and Mark Wilson's note is 5 months old

Despite the bulletin board nature being 99% retail some of us are professional investors and have access to good data and platforms. Don't spread nonsense as FCA rules apply here too

Cheers

I look forward to the current run rate of FCF continuing as now we have till Feb 132m debt reduction and given the average oil price keeps rising ( year to date its still below 100) then we can estimate a very bullish trajectory to year end.

Say its 70m a month . By year end debt levels could be 700m less than end of debt in Feb . That would be sensational

As I said on RNS , Enquest kept it tame as could have easily said something like Harbour about being debt free in 2023

132m paid back in just Jan / Feb so the headline here could have easily been the same as HBR's with $100 statement they made.
I think they played it conservative in the RNS here
Earnings per share showed a massive swing into positive territory and again that was just 2021. With substantially lower oil price averaged
I suspect EPS for Jan and Feb annualised would smash the 2021 levels
Given production may end slightly higher than last year's it will get very interesting to see what PE ratio many will be willing to assign to Enquest . As now it looks cheap on that basis and surely fundamentals investors will be taking note as Brent looks likely to stay above $100 for the foreseeable future if not well into 2023

Could have mentioned divis but have to re read the long RNS and listen to the analyst call .

Well given BP is also up over 4% I can't see why Enquest shouldn't especially as this should be more leveraged .

Still needs to hit 30p then 38 and 48 ( my targets ) there after i look forward to the 60party .