Member Info for onedb

Just wanted to point out that h1 averaged just over $65 in H1 vs $72.42 in H2 . ( obviously Enquest is not all unhedged so it's relevant for the unhedged production )

Another interesting comment I read yesterday was this on page 5. As whilst the headlines said lower part of the range here we read something different :
Production expected to be at the lower end of the full year guidance range
- Kraken expected to produce within original guidance range
- Production enhancement activities at Magnus, GKA and PM8/Seligi progressing
- Golden Eagle expected to add c.2,000 Boepd2
in 2021; brings full year production towards the middle of the range

Middle of the range not lower .

thanks Epiphany I will double check

Moody's thinks it a little different to you though and increased Enquest's credit rating just recently they would have done a serious DD on this, the production guidance seemed to be expected so the price decline is in my view temporary . Debt comes down yet again and H2 will have seen an even higher Brent average achieved for Enquest , wouldn't surprise me to see sub $1bn debt coming in h2 . The extra production will also be a big boost . The new deal does not increase debt .

Brent is punchy again today !! Anyone out there who also does the equivalent FX trade USDNOK about to break below the 50ma ? With Brent up that pair goes lower ( ie stronger NOK and weaker USD)
Come on Enquest long may it rise. Weekly close of bullish engulfing candle is pretty much nailed on .

but well done for getting it right in your timeframe .

not sure it was me , I have been long and posting my trades live on Enquest for years, my main buy at 12,85 april 2020 think its well advertised too. I took the 19s too. My smaller spread bets also out there I trade them quite often as that is algo based.

At 40p I'll send you a case of DOM lol . Am quite happy with the way things are progressing , keep it coming

Hi Romaron,
Helikon is a spin out of Kayros , Italy's once biggest hedge fund. Then bought by JB . It's a talented team at Helikon their factsheet speaks for themselves as does their background, nothing opaque nor unsual nor raccomandazioni needed, they are as famous as it gets at least in the industry in Italy as in London. Do note you don't need big teams in these firms at best a dozen . They were long the Greek and Turkish index and did rather well on both trades. Their longs track record is great. Now using a swap would involve using less cash and no need to buy the shares physically which may have been a challenge on Enquest for them possibly for legal reasons too so with a swap they can replicate the returns legally. It makes perfect sense to me to do it the way they did and cost effective too.
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By the way Equity Swap is the instrument you want to research - plenty of info on google/youtube . The cash side is just an added description which is irrelevant to us. Finally my angle is different to Helikon's . I am a quant and technical analyst . Price action driven. All my Enquest trades were published and my original 12.85 trade plus the recent 19p are physical . The trades are all CFD/spreads for me. One long term hold up over 80% the other short term swings and technical targets. I have trade junior caps in single companies or ETFs for years now , same as for commodities .

Finally for disclosure this is just a personal view and personal share trading i share on bbs . No advice given and as alwasy DYOR

All the best onedb1

I was away at last took some time to rest and missed the holdings RNS by Helikon , of last week or so . Must say am impressed. I have seen their factsheet and know how good they have performed , they do have a high annualised vol but returns are really good, Sharpe Ratio 2.7ish and Sortino over 9 . The Moody's re-rate clearly didn't go unnoticed with this billion euro hedge fund . If you needed an endorsement there you go . Do your own research or ask anyone who is a professional investor for the factsheet unless website lets you see it . Am up 87% if I exclude the 19p additions , since Apr 2020 so happy to see the big boys finally in or allowed in , this is what a Moody's re-rate does and allows . Very underestimated by some in my view. Hedge funds (in this case a long /short one with an amazing track on the Long side ) are mandated to trade within certain parameters of credit and the higher the better. Smart people in Helikon, I know of them . DYOR as always , no advice taken and as always am long here so my bias needs to be considered.

Need a penny or 2 more and I sense it will move then . UK Sevices output today posted another 15% growth . Felt there were generally more people about yesterday in the CIty . This despite August is usually quiet and tourists were visibly lower if non existent . Banks are getting staff back in the offices. Will become more visible once the bankers are back from their holiday pads in Europe.

for sure. Volume is always key

I would tend to agree a close above 23.5 would probably aim at re-testing recent 25.1 highs and the more that is tested the more likely that too will break , 30 this summer I said back in Q1 . Am getting closer .

Would be nice to read from a fundamentals analyst their view on earnings a what multiple they are seeing , ie what P/E ratio ?

i have mine , the physical ones and just missing the spreads

I would agree. This morning I noticed how some sold into a lower oil price, felt that was an error. Copper was leading the way and as we then saw Brent and WTI followed in the afternoon, now if this strength in commodities follows through and dollar doesn't get strong say above $93 DXY am tempted to say that unless demand plummets we'll get Brent cash back to year highs ./ What I will be looking at is the Dec 22 futures at around $70 so Enquest can hedge a monster amount and give us a relaxed 2022 and in the 40s at least share price . I still think as said elsewhere that summer is 30ish , as per broker targets Roughly the 2020 highs . But feel till will head higher after that resistance gets taken out 38 then 48 in 2022

Just my view no advice and no straight lines

Copper is up , oil follows and from the lows of today we are seeing a good rebound as oil volatility falls . I won't sell an oil share with this setup , as I said earlier the 19p OO of which a tiny proportion in retail hands was known to happen ages ago, so its priced in . I for one won't sell one and hold quite a few . I just don't see the reason to sell the 19s . Plus come September we usually get positive seasonality for oil firms. Small caps precede large caps so I'd expect Enquest to motor on soon

am a novice you are right :-))

What a weird view this one is. Sorry . But Ab has a desire to reduce his average price and chooses to do so by diluting himself by 10% ? and somehow in 2 years time with Brent average year to date price $66.27 ( front month future) Enquest won't be significantly higher ? . With an average like this and rising am really not sure what you are on. AB's average is about 19p already , going forward with current Brent prices deleveraging will happen quick

by 59% I obviously mean the retail tranche offered .

given the time of the year with people finally going on holiday and the size of the open offer I don't get why this is a concern and seen as a negative

The whole offer is £36m(10% of market cap) , £18m( 5% of market cap) ( for lets call them institutionals) and £18m ( 5% of market cap for ( qualifying retail holders) . Now about 59% took their allocation . ie 2% ish is what wasn't taken of the whole lot . Hardly earth shattering and above all I have always been curious as to why this was needed given that free cash flow at Brent to date year average is very cash positive

Much a do about nothing this negativity . in my view, and expressed in actual figures as to why

I have mine from 12.85 but will be adding the 5 per 89 at offer price its a gift in my view . Makes sense to me . Am usually unhappy at raises but this is very small and cheap financing that will release great value.
June 22s now over 70.5 and breaking out ? To me that is bullish , Enquest finance chaps will be looking at hedging 2022 production in the 70s if we get lucky , that dynamic is great for our revenues. Enormous.
The curve being in backwardation and today's very bullish front end continues to suggest strong demand and bullish pricing . What I am most interested in is 22 Jun and Decs though as most co's will hedge ( not all )