Member Info for Pelle

Hi Squif,Hitman
Yeah maybe 400 mill is fair price for 15% 6,75k at 45k.
Given Kraken Kraken increased 10k+ net since start of the year that should have reflected 400 mill+ in MC.
And debt is down around 300 mill.
Next year cost is down 200-250 mill.

Sum up this and it makes it bisar we around 20p in my opinion
Can AB wake up the market next week? Lets hope so

-15 and free chicken legs to China

HMH, or any other Avanza guys.
Can you please ask Smilla for the links with Malaysia and Kraken pricing

GKB, looks like champange side winning today!

There are some official updates here

https://www.enquest.com/media/thistle-update

Gkb, yeah I was just going to write same.

Hi Squif,
Yes capex down to around 150 is my base case so that’s 125 mill down.
Opex and finance I think you can split down 50/50 for another 75 mill.
In my opinion this is conservative .

Hi Squif
2020
Cost will be down approx 200 mill
5 k extra production is close to another 100 mill.
So at this oil price I see almost 600 mill FCF
Its more then this Tullow if I remember correct.

If AB put out this guidance next week SP must fly!
Worst case another long wait until Feb/March something

Thanks to Smilla at swedish forum:-)

https://www.energyvoice.com/oilandgas/north-sea/212023/enquest-sends-work-party-to-assess-stricken-north-sea-platform/

http://ravarumarknaden.se/shale-oil-reaction-function-is-changing-and-opec-is-happy/

Hi Squif,
Yes, It really looks good next year as far as I can see if oil stays normal.
Let’s see what get next week in terms of guidance this year and next year

Hello Romaron
Yeah, I know you posted this video before.
Dont you think he's beeing bit ironic with lottery tickets?
I am not asking for US valuation because that would be maybe 5 times more then today already.
Also not asking for Enq to over promise.

60p, no your both wrong.
It’s poster January’s goal for party.
But I do see some resistance just near this level. Murphys Law!

TW, i can’t see resistance until 60p now:-)

Hi Romaron

I think your missing my point, I believe there is a complete disconnection between how market view Enq through AB's guidance so far this year and AB's personal view and knowledge.
All we can see is that he is buying shares every week.
For example in H1 report (sept) he re-stated full year guidance 63k-70k when we had 68,5k for H1.
Does it mean H2 can be as lowest 63k or as low as 57,5k?
I think most here is convinced we doing much better then that by now.
Maybe 70-80k Sept forward

Debt / EBITDA guidance
March/May, AB said below 2 full year
June, actual was 1,8
Sept, re-guidance of below 2 full year. ( This sounds like no debt reduction in H2)
I guess estimates here on forum range between 1,3-1,6. and debt reduction 100-300 mill.

And in my view its CEO task to keep markets informed about in what direction we heading in a balanced way.
Some companies even do a RNS with reversed profit warning if market is to pessimistic.
If now prod and debt reduction is anywhere near what we believe here and AB change guidance next week I think we can easy go up 50% over next weeks.

And yes I am shareholder since several years, if SP heading in right direction until May I intend to come and join the AGM.
I dont have any agreement or support with KO, guess we just share bit frustration as longtime shareholders.
Witch I think KO is, he even been in contact with IR several times and posted updates here and me too.
As I said, we all different personality and views but in the same boat.

Lets see what we get next week, I am optimistic!
Guess you knew it already:-)

Hi KO
We just different everyone here, age,personality,country,background, finacially. Everything.
This we need respect and there was no need have a "dig" on you personally or anyone unless your name is Neil or members.
I said same things many times, and our response to Romaron were identical view of things.

Lets now hope for good update next week!

Good morning Romaron
I know we dont share view of everything, but thats why we here and I have more points I would like to add.
Do you think its more likely Enq go bad financially and go bankrupt if they at some point during last 6 months made an RNS about Kraken performance?
On a finacial scale 1 to 5 how well will Enq perform with current oil prices over next years?
In my opinion
AB's view since 1-12 months:( 5 )we will accelerate debt repayments, big FCF, we home safe, I am buying as much as I can.
Banks/analysts: (1) Finacial problems, huge debt , no light in the tunnel but they managed hang around another year. no change. If you want to place your money in oil there several better companies. Poor H2 guidance.

What you discribed below was the reversed situation, what me and maybe few other logterm shareholders ask for is balanced view.
Probably many shareholders is still today worried if they will loose all their money soon.

Lets see what we get next week.
I am placing my bets on a bit changed AB

Hi Romaron,
I would say balance is always best.
During this year or last 6 months we been on the other side of scale what you descride below.
We build Kraken during 5 years or so and 2 years underperformance and during last 6 months it basically works perfect.
I think few out there knows this and what significant lift that is for Enq.
Magnus deal / RI was also a significant lift but even we had problems to understand it exactly in start.
Imagine shareholders been through this and maybe lost 75% and sell out now thinking its best to save the little that is left.
Banks/analyst all say sell sell basically.

AB is probably genius and looking back what we been through last years its excellent that we are where we are today.
But he is not perfect always in every way.

Sounds good GKB, hope your right:-)