Member Info for Pelle

We just also excited near 20p. Lol

Jeffrey
You also have crystal ball?
Pmo about to pop.... The telegraph need shooting.... This will be above £1 in days and 1.20 by early Jan.. You watch.... Debt being paid off daily..... Burn shorts burn....

Today is the day to do it !

It doesn’t grow in winter...
But Enq prod does and nobody knows it

11 shares sold at 19,07 pull it back down:-)

http://ravarumarknaden.se/us-shale-oil-production-growth-slowing-sharply/

Lol Heardy. Yeah everything is worth a try.
But I would not sell mine for 60p today.

Svensson, you need collect pieces here and there and make assumptions.
Guess guidance will come in Feb

Svensson, yes i think so If oil stay like this.
Cost down 200 mill, capex,opex,finance
No negative capital movement 50 mill
Prod up 100 mill

That’s roughly it

I see
Debt end 2019: 1470 mill
End 2020: 850 mill

Svensson,
2019 was bit tight with schedule amortisation, with lower oil or less Kraken they would have need dig deeper on cash on hand.

2020 is about 4 times more bullish
More production
Lower cost
Less debt
No schedule amortisation

10 trades, its embarrassing!
London guys, go out with those Enq flyers

I think 30-40p is still very cheap.
That will give around 75% FCF yield next year. With current valuation it’s 150%!

I doubt there any other company near these figures

The risk is down very much now, 300 mill less debt and Kraken fixed and added Magnus.

Hi Chilting, there was RNS mid sept that Swedbank went below 3%.
No matter how much money Enq makes they can be forced to sell for other reasons as you say

And TERP don’t even consider the added value with Magnus 500-700 mill or?

That trend been going on here for years, environmental friendly funds.

Chilting, maybe that’s it.
I was more thinking it doesn’t fit in any of their funds have such rather large holding.
I tried look what fund it could be but didn’t find. Maybe some other Swede knows?
You see also see no other Swedish bank with that large holding.

AB’s buying is strange, weekly.
I am thinking if they made a deal buy x amount of shares over x period time

Just speculating

Squif, I think this come to end latest March.
Operation update Feb and full year results in March should be good.
And i hope they clear those PIK so if there any major shareholder wants out Enq can easy buy back it.

If now AB is buying from Swedbank, its better that way then Swedbank would dump it on market.
I saw that happen in other share that one owner wanted out as fast as possible and it lost 80% value in few weeks.

Maybe AB wants to keep SP low for a reason.
The schedule RCF 1 April amortisation I think they clear now around end year.
Then it will be interesting see it they go after the PIK on bonds and clear those until March.
Then the door is open for buy back shares.
Just one month FCF can reduce 10% shares.
Maybe some of the other big holders wants out, like Swedbank.

I would also not be surprised if AB’s current buying is some deal of reducing Swedbank holding.

Hi Romaron
Good thing is that 65% is in the past and next year it’s 150% if Mcap stay on these levels.

I tried explain to my father EV, Mcap, debt. Think of it as you buy a house
House/EV 200k
Cash you put in/Mcap: 40k
Loan: 160k

Now it’s reducing loans with 60k / year forward.

Problem we had last 1-2 years is that house price went down equal amount as debt reduction. But that can’t go on forever!

I would not blame the market sediment too much.
Look at PMO and TLW.
The ones I follow in Sweden LUPE and Tethys are doing fine.

Analyse instead AB - analysts relation and what guidance is given to market.
This is poor in my opinion.

We will get re-valuation next year based on guidance 1year and debt reduction.
But it would be good also have long term vision, like we aim to grow 5-10% production with 250 mill capex over next 5 years.
Now market assume we peaked, and next year they assume that was the peak

We will see how far we get and oil prices next years. But 400 mill Mcap is nonsense now when a lot risk is gone