Member Info for onedb

BTFATH1

The answer is the Market makers will sell them. The order so big needs to be worked and the trade is filled slowly . So MMs gather stock some they will have too. Notice how Helikon didn't do it this way they went for an equity swap so on the book on a daily basis you would have the counterparty of the swap adjusting the delta dynamically . ie buying the amount necessary to keep the swap payments in line

Hi Romaron hope all is well , perfect storm indeed but for me its more a case that my pro trading for clients takes precedence. So whilst the leveraged spreads were closed at 25.22 the physical side had an old stop and I had never changed it . From my 12.85 to 27s I felt I made an error due to focusing more on my work positions so at 18.3 I was disappointed of the close . But am paid for my work strategy not to focus on my portfolio .
I am snowed under work wise so having to rebuy the position for an extra penny but no more dropping is ok with me and all the oil news out of the way ( Biden etc) and I think as Kraken wrote all the Enq related bad news out of the way too Then today the big director buys played a big part in this buy as the oil rally .
We'll arrange a coffee as I once wrote , just have to survice Dec meetings etc and from the 15th I should be less busy . Touch wood as many will be off to ski

As some may have noticed when am out I don't return to bash nor pump if long. Am in, am out, some I lose some I win .

Short absence and shame i was stopped on the last trade Capital preservation is key but bought back in today at 19.12 ( just for the record ) Profits from previous trade etc all in .
19 was the line in the sand < I had wanted to stay long but once I saw that break I was worried so glad to see today's strong support and reversal , back to the 20s here we come .

Once again no advice. DYOR and this is just for discussion purposes.

Quite happy with the 200 moving average breakout . This is a good sign from a technical point of view coming into the beginning of positive oil seasonality in Dec , bullish oil in general , and later in Dec even a Santa Rally .

Obviously the share is rallying because we should be close to achieving a good milestone with Tolmount.

1st Target 650 . Then next 1250.

My view I disclosed my buy level and no advice given . DYOR

am with you KO feeling it too

Probably right Kraken . Am just feeling gutted to go from over 100% gain to something like 38/39% . I know on paper it seems good but sucks and missed a big opportunity . I didn't follow my rule book and only had the emergency stop loss which may given my luck be the lowest price of the day ... Might head out for a walk and learn to live for the next battle

12.85 plus the 19s allocation over a year in this position but got stopped today. Rules are rules , and capital preservation is key to me . Will see what happens and continue to monitor . I was up over 100% and then the last few days happen . Couldn't make it up as at 25.22 my spreads were sold , only for me to reopen a small amount at 23.58. Those are still open but the big amount was my physical . How to turn a 6 figure gain into a 5 ! Damn this painful few days . But had no choice. Learn to fight for the next Enquest trade .

evening Chitling , just finished work and had a 5 mins read of the bb and its interesting array of views and theories. I noticed you have decided to move on to other pastures so wish you well and many good returns on your investments .

morning Chitling,
It might be the same but only because a new asset has been added. Which going forward will help substantially reduce debt.
Pretty clear to be that the fact its the same is a very simplistic way to look at it. You need to look at the fact that we acquired a very lucrative asset now
If we could recapture mid 21s I'd be happy as this would give quite a rejection candle and return above 200ma.
On my delete by my stalker post I did say my spreads were sold at 25.22 as stopped . But still have my 12.85 and 19s and bought spreads at 23.58 .
If all the bad news are out of the way then even Brent price is irrelevant given the collars clearly show management is happy with much lower prices that current contract

Santa Rally will come coupled with seasonal bullishness in oil restarting in Dec .

Too busy with work to read through too many posts, but I haven't changed my view here.

I agree svensson , This 23p level post gold eagle too and brent above $70 is not making any sense to me . 75 or 85 brent made so very little difference to price performance, yet if we go from 85 to 82 we see a decrease in SP . too many retail punters in my view with shaky hands and crypto returns in their minds .

it makes sense as seasonality plays a big part in the oil trade . They will most likely resume the buying from mid Dec

Another post of mine taken down from last night . All I was posting were my spreads ins and outs and outlook view/opinion . The stalker from the other bb must be so mad I hardly post over there he has followed me over here lol . Doesn't change my life I remain a professional and you remain a nobody. (message to stalker)
As to the rest of the respected members of this bb my posting of trades and targets are posted elsewhere not too hard to find on Enquest ( when I have time or something sensible to point out ) . But they are always opinion and never advice and not to be confused with my professional strategy .
All the best

find it crazy given Brent has a strong backwardation and sits above $85 . I mean with Golden Eagle out of the way and producing for us I really don't get what the markets needs more ? Just because we move from 86 Brent to 85 doesn't warrant a share price drop given that over 60 we are easily value accretive if not even way lower. Value is increasing every day , institutional investors too . analysts raising targets , yet retail knows best. ... yeah right . That makes sense. I can sleep happily now lol . Weird some times , but a breakout and new year highs are not synonyms of negativity but the very opposite .

we have some cheapskates who sell after a single day rise ...

Barclays would have to raise the target to 100p to get this to 30p yet if they lowered it to 20p we know what would happen.

Strange to see retail so sheepish of late. Institutions haven't been

Year highs are bullish signs and happen in uptrends. There you go

the counterparty to the trade is an investment bank as they always are. For obvious ISDA reasons and minimum capital requirements. What I wrote is correct. The movements are movements in collateral , so a fraction of the trade in share terms needs to move to keep the hedge in place for the counterparty that will buy or sell shares to keep it's hedge in place.

I could give you my background if in London happy to buy you a coffee if not snow under. Enquest is part of my private portfolio , not my professional one . As those I can't disclose nor discuss on a bb .

you beat me to it lol

In my view this is time to fill your boots .

EIA (wk ending 15 Oct)
Crude: -0.431M
Cushing: -2.320M
Gasoline: -5.368M
Distillates: -3.913M

How does an Equity swap work ?

Suppose an asset manager of a fund wants to track the performance of Enquest. So instead of purchasing the shares directly, the manager enters into an equity swap contract by swapping say £12m with an investment bank for one year based on ‘LIBOR plus X basis points.

In that one year, Enqeust falls, then the asset manager of the fund will have to pay the investment bank £12m million multiplied by the percentage of Enquest's fall. Similarly, if Enquest rises in that year, the investment bank has to pay the fund manager of the fund with the difference amount.

Thus, when the stock price falls, there is credit risk to the equity payer, and when it rises, the other way. This is mitigated by
collateralisation being adjusted in line with price movements in the underlying shares.

This is all you are seeing . Nobody is selling or buying , they are just adjusting collateral

Enquest above $70 alone should not be at current price, never mind those who sell because Brent is down 1% at a little below $85 . Comparing daily fluctuations to the share price is wrong. Prices are averaged and some are hedged already . If we go from 86 to 85 Brent would that trigger me to sell when the year to date BRent average is rising ? no / The value creation is evident at both levels and a daily impact of BRent swings is irrelevant to the bottom line . Just sit down and do the simple daily returns and see for yourself .

All the best

sorry late reply Jan

24.37 is the 20MA today

Given we are above the classic momentum averages 20 and 50 and the trending ones 100 and 200 I see no reason to change my view .