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I agree today your example shows how silly things are . 6 extra dollars and we remain same price , with a 50ma moving up for Brent too . Silly . I only hope we have eventual space for dividends with a good divi cover and expectations of it growing . So I can re-invest for yield and lower my average that way .
Sorry to see that BTFATH1
We are seeing risk assets all declining at the moment with overall low summer volumes , so Enquest being correlated to them takes the same direction , Brent in USD is up but as Enq track Brent in GBP very well . Thought that given Brent in GBP was up today we'd see an up day here but may the overall ENQ volume is low and it didn't take much to lower it.
Of note that since end of June we have had higher highs and higher lows and unless we break the previous low we should still be trending up , till negated say below 16.39 .
Brent keeps drawing and noticed that the strategic petroleum reserves were starting to get replenished on the last inventory data ie 600k barrels. The US has lots to go so that may be a good thing if bullish oil. They are buyers now .
So whilst the ENQ mood is down I could argue that we are in a risk off mode in general , ie across the board so its not specific to Enq alone . If this phase of stretched bearsih momentum in the overall markets is nearing its end am not sure but if one takes several large cap or index stochastic , you can see how over sold many things are and on the opposite side high yield in the US or GB are very overbought , same as the US dollar index. What we don't want is for those to solidify and continue a stretch of overbought . OR all risk assets stay down including Enq . As strong dollar will hurt commodities and hence oil . We want strong US consumers and rates topping as dollar topping
Perception vs Inventory draws could not have become more divergent . Inventories keep on drawing and we have see this tend which in aggregate are seeing millions of barrels drawn , yet this week we are seeing all this negativity .
Again last night the API draw was great . Is that a good reason to sell Enquest ? well for some it is lol .... bless
The first thing any bond trader student will tell you is that its the bond market that is King not Parliament who all combined don't have the IQ of an intern on a bond trading desk.
Try those fantasies out and the bond market will send the UK to the dark ages .
The MPs have a massive ego and fantasy about the power they think they have .
Bond market supersedes Parliamentary law I think we have seen that in Argentina just to name one shambolic place
Megla based on your certainties you should go short and post a level , You would gain more 'bb respect' if you short at 250 and close a lot lower . All in my view .
Am down just over 110p so have zero points here at the moment , the last that can speak based on my criteria
European natural gas jumped the most in almost two months as risks to LNG supplies mounted amid the possibility of worker strikes at some facilities in Australia. Benchmark futures soared as much as 21% after increasing in the previous two sessions: BBG
A while back I was of the belief that this would happen , as always with Enq it takes a little longer but does look like the path of least resistance to that 200ma 19.5ish level is on track .Few gaps above that too in the 20s .
Momentum looking good so lets smash through 18p please ( time of writing 18.04p touched )
Is fuelling a sell off this morning and yesterday . Must be a summer sale .
End of June tilltoday Brent moved up $10 , HBR 30p in percentage terms 225 to 255 and 75 to 85 may be the same but HBR is a leverage play and shares have been bought back . It doesn't quite make sense .
This ratio has been a one way track for far too long , OIl out performing Enquest's share price for years.
How can this ratio continue to rise so much ? it doesn't really make much sense with prices over $70 . This was happening prior to the EPL too. Thought our Balance sheet was in the best shape in years .
When you translate this to old Premier old its not even 13p in old buy and possibly worse given the buybacks
The share price is way below rock bottom and has multiples to go up from here to make any sense and Sunak and co stop being so blind to basic economic theory . Shareholders want returns they are not cows to be milked for free.
1p on 20p is a great 5% . 2 to 5 is not going to happen as much as I would like it. 2 being 10% divi and 5 being 25% that is totally ridiculous lol.
I could be wrong of course. My response is not a personal attack on the contrary its just to show that as a shareholder I don't expect the figures you point. Probably not many do as they are unrealistic.
Any divi will make the market happy as long as the dividend cover ratio is good and the debt levels below the threshold last discussed ie below 0.5 . A divi has to be manageable and grow in line with profits Now this would make me happy .
All sorts of crazy things happen though but I'd be blown away and will buy ( happily ) a good bottle of champagne if they come out with 5p . Possibly even 2p as that would be quite a surprise to me .
all the best