Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Auson - as per Malu's email to Craig (posted dec 4th):
Gareth Penny’s share purchase back in october;
Good afternoon,
You are correct that our CEO, Amjad Bseisu, noted at the half year that EnQuest was involved in four M&A processes and I can confirm that our M&A pipeline remains extremely active. As you’ll no doubt be aware, none of these processes has matured to the point of an RNS being required to notify the market, so Mr. Penny is perfectly entitled to trade shares as he sees fit.
The EnQuest team is working very hard on a number of fronts to execute a value-accretive transaction and bring to bear our advantaged tax position but these deals take time.
Best regards,
Craig
KO how was your first day back at school? Did you make any new friends? Did you play with Shillting in the playground?
Ps. You seem to be the only one who reacts in that petulant childish way. We are all hurting that the price has dropped so much but are grown up enough to know it's part of investing.
Chilting - why are Jeffries more 'spot on' than Barclays who say 30p?
KO - did you not listen to the webcast? The declines will be addressed with further drilling at Magnus and Kraken. A Magnus type deal would be nice but not essential.
You are both overly negative and are both obviouslly trading this.
Stumpy 20:20. Can you explain exactly what indicators were telling you the price was likely to reach 17p, and what event occurred on the charts (and the timeframe) which made you change your decision to switch positions?
And please don't talk about any divergences. There have been multiple crossover that started on June 25th, and the fall in share price was due to a big fall in Brent, and went against all charting movement, which is clearly in an upward trend.
Stumpy you are about as useful as a wet paper bag. Just 2 days ago you stated the charts told you the price was heading to below 17p and that you sold 70pc. Now that the share price is rising, you claim you have bought back in again and have already made 2p. You don't happen to be a UK politician by any chance? At least you are not an irritating Moaning deramper that starts a thread entitled "Another -5% today".
I would like to add to your excellent observation Pelle. The difference in debt and market cap between Enquest and HBR are also huge.
It really shows Enquest as being a mouth-watering bargain. The market is no doubt fully aware of this and I think the hedge funds and ii's will make their move very soon. Do you think they really want Amjad or the peasant retail investors to be the sole beneficiaries of this bargain? Rerate is imminent..
Walter, let me tell you a secret. Enquest has millions of barells of proven contingent resources, including Kraken. These will be converted to 2P once we start drilling activities again. Go do some research, information is readily available. It's ill advised to be investing in oil unless you understand the basics.
gkb "Any views as to why Enquest didn't buy it"
It's about managing your risk and diversifying your portfolio. Too much exposure to Kraken would not have been wise, especially when there was so much uncertainty around the oil price and where it was heading. Dont forget the deals have been done when oil was in the 30s and 40s.
Enquest sensibly went bargain hunting.
You can watch the meeting live
https://www.opec.org/opec_web/en/multimedia/349.htm
I agree HmHn. The analysis that the "bull case is built into the share price" is quite comical!!
We are valued at 320 million and all the bullish scenarios are already priced in? Really Enquester? As we produce 70k barells a day and debt being shaved off? No clue whatsoever
I expect Squif and his aliases will be working overtime in the run up to the results.
Market is waiting to see that debt is actually being paid down. Simple.
Moffa - would you care to share any other oil company that you would advise investing in? And any other oil company where there are insiders and large institutions buying?
You are also clearly distorting HmHn's words deliberately, or as he points out, because you are financially illiterate.
How convenient you join the messageboard when the share price is taking a breather. And I see the frequency of Squiff's posting has also increased. All were absent when price was on the up!!
Fernan was exposed for being a deramper when he posted that he sold out and said smart money was investing elsewhere , then posted a whole load of old our of date negative news.
Interesting how you use him as your benchmark and praise him for being an excellent poster.
There's a difference between being objectively analytical and pointing out only negatives. And you seem to be looking primarily at that. And yes of course you appreciate L3 as you are looking at the company through his negative lens.
If you have doubt then this can easily be raised via IR or at the AGM. You conveniently choose this forum to post your questions to L3 on topics that have had a line drawn under them by very knowledgeable posters, and the company itself.
How can you crunch thee numbers when vital days for these calculations will always be missing or outbid date?
Oops no need for L3 to post about the Oz loan. His sidekick Londoner7 had fine it for him.
Londoner Why are you so obsessed with this? Are you going to base you investment decision on this, given the company has already very clearlyoutlined their plans on paying this and other debt off, and how they regard it as their number one priority.
L3 is it not natural that all oil fields start to decline at some point? Again, you are trying to introduce a negative slant.
The company has given a production guidance, and until they change that why are you and all the others wasting your time torturing the (constantly out of date) numbers? You will never have the full picture regarding downtime or maintenance in real time. Only Enquest have that. And if you don't like the sound of Enquest, why not invest elsewhere?
Next you will talk about the Oz loan again. And then Kraken performance. Fear mongering . So predictable.
Some have said you are a glass half full type of person. I think it's more sinister.
Beerbull I disagree. Tullow have only recently started paying dividend so you are incorrect with your assumption linking market cap to dividends. In fact their market cap was was much higher very recently when they weren't paying divi. As for Enq and dividends, it's better to become financially stable with the debt under control before you do this.. or else at a more substaially lower oil price you would be in trouble.
Enquest and Premier are both doing the right thing by focussing on debt reduction. Value will follow for both. Or build it and they will come..
L3 You've been exposed and everyone can see through you. So do yourself a favour and stop wasting your time with these long war and peace type convoluted posts pretending to seek answers to questions you have answers to. A cynic would say you do it to dredge up the potential negatives to raise doubts in people's minds (including potential investors)
Why aren't you asking IR or better still attending the AGM? It's a rhetorical question. I've already given the answer above.
It can be healthy questioning an investment you *claim* to hold, even if you've been doing it for a year in the most negative possible way.
However only the most idiotic investor would do this when the stock they hold has broken a prolonged downward trend and is rising strongly. Unless of course that person had been caught short..
I have a strong suspicion of which category you fall into.