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Personally can’t see the Market “ going nuts” of BP having ‘prior access’ to data. There is enough evidence already released that others will be pondering on. This requires someone to break ranks but when that will be is anyone’s guess. Let’s see the level and quality of data first before getting carried away !
Guess it’s of little surprise that the likes of Shell have capitalised here, being rather immune to localised fiscal penalties. Obviously happy to take the flak, believing where demand is heading.
A 16% holding, who verified that…as retail investors most will be held via the likes of Hargreaves / Bell’s / Barclays etc. whose collective holdings would mean the majority of their clients turned up !
Sounds like a number of Shareholders are either totally over exposed/ far too impatient or just desperate to make a few bob. Suspect all three , but for everyone else it’s of no concern indeed good we have a CEO who doesn’t hide and is happy to offer the nervous some reassurance . A Good Samaritan.
Indeed an interesting and informative read. Thks for posting.
Thought that comment on the Senegal President’s response, following the recently commissioned 300 MW gas fired power station, neatly summed up the situation “ We will not accept that polluting Countries, responsible for the situation of the Planet, tell us they are no longer going to finance fossil fuels” . Quite right, and merely reinforces my
view that the forward demand for Oil & Gas from the Under-Developed world will catch many out, as their own transition takes place, but from charcoal to largely oil & gas power.
Net Zero to many Africans is probably as alien to the meaning of a Pension , both currently being unattainable !
Good to see John Wilson aboard, part of the team that helped drive value for Elektron Tech., when they owned Bulgin Connectors, delivering a 10 fold exit valve for many ET shareholders, not that I’m expecting quite the same here.
Was heartened to see the bus driver transporting asylum seekers to their new home in Dorset, merely kept driving slowly when JSO protestors tried to prevent his progress. Never seem someone lying down in front of a bus move so quickly on realising their cause probably didn’t justify suicide. Not sure why they were there, presumably unhappy that migrants are being forced out of their comfortable Hotel Accommodation, partly financed by our EPL.
Think we’d all like to see price stability here, not least the Company, but that doesn’t suit those involved oiling the trading volumes, whose existence relies on currency flow and helped by everyone being able to trade instantly these days from a smartphone !
Admire your enthusiasm but suspect you’re fairly new to Enquest !
ps. looks like ME issues currently priced into OP., but note Iran pumping like no tomorrow ( 3m bpd. …highest in 5yrs.) who could of course easily raise the stakes, but best we don’t go there.
Under normal circumstances I’d agree some strengthening in SP would now be expected, but with two Wars ongoing, one of which could rapidly escalate, it will be of little surprise if the Market suddenly moves risk off before the weekend locks everyone out. Anyway we’re fortunate if this is all we’re bothered about !
The Markets remain nervous of an escalating ME War as if unable to be contained the OP will be somewhat academic, we will likely see another very Black day. Anyway events elsewhere rather diminish any personal concerns we should have.
If any JSO supporters are looking in, you may find this latest report from OPEC rather alarming
In its annual World Oil Outlook report, Opec said it now believed that demand would keep growing for the next two decades, hitting 116 million barrels a day by 2045. That is about 6 million barrels a day more than it forecast a year ago, with growth driven by India, followed by China and other countries in Asia. Much of that growth will come this decade, it believes, with oil demand on course to hit 112 million barrels a day by 2030.
Of course they’re talking their book but my suspicions are Supplies won’t keep up so the UK really should be taking Energy Security a little more seriously .
Perhaps of little surprise VLX have been targeted given our involvement in critical Defence, Space and Aerospace applications .No doubt a full review will now be undertaken which should ensure more robust protections are in place going forward. Hopefully this was a lucky escape !
Think you’ll find OPEC+ will merely take advantage of any upward swing to flood the Market and keep prices stable. Irrespective whilst others are having their lives torn apart few would wish to profiteer.
Have to say well played by Anavio, these guys are described as vultures for good reason. At least this will shake out many, leaving the rest of us to quietly get on with life knowing one major hurdle has just been jumped. Ps. That’s a lot of NGL we’ll be pumping in !
Romaron. Appreciate the feedback you received from Craig. From recent presentations you could detect the frustration and perhaps anger from the likes of AB / SM / CB , arising from the EPL which I’m sure has more than once been distilled and channelled towards certain politicians, to which AB will have a degree of access. The politics aren’t in our favour but at least Hunt will now be aware of the unevenness and disproportionate effect this tax is having on focused domestic Operators, so it remains to be seen what comes, if anything , from his Nov. statement. Likewise I’m hoping AB will be more forthcoming at the next update, he will be aware many shareholders are becoming frustrated and will be looking for signs of reward, certainly if Brent continues to trend $85/$90.
For me this Share is a sleeper, holding largely untouched for years, still hold faith in AB, yes he’s made mistakes but a lots been thrown our way and new opportunities will now be across his desk. We live in hope. GL.
What he’ll like and what they’ll achieve could be quite different. You only have to glance across to those two huge Chinese operators now in this market to realise what margins they operate on to realise adjustments need to be made.