Member Info for Pelle

Neil, read report.
The 25% was repaid in Aug.
25% FCF now go to Enq.

75% they split FCF 50/50 from now basically

So in total 62,5% FCF to Enq
Minus 20 mill vendor loan per year

Yes, maybe paid 300 mill but only 100 mill in cash last autumn.
And Enq got those 100 mill back within 9 months something.

Almost to good to be true:-)
Please more deals with payment in 2 years

Expect more Magnus deals, fits both parts strategy. And will be very profitable for both.
Enq lower opex from 60 to 20 usd at Magnus. Says it all

Anyone can more about this update?

https://www.avanza.se/placera/telegram/2019/09/13/enquest-barclays-hojer-riktkursen-till-273-kr-225.html

Hi Romaron,
St Leger horse race?
How would that influence?
Saw you mention it before also

Hello HMH

Lets hope so, and more stability would be good

BTFATH1, yeah its good money and everyone have own strategy.
You been nice
But its no reason for some others constant deramping when its doesnt effect SP anyway.
And then change foot when they bought in again.
I have no peanuts left for those

Its good buy KO!
Let the traders have some peanuts from the floor too

Hello HMH,
Haha, send your expectations to IR:-)
At least they have 3 months to correct something if they behind.
Yes, June was around that level.
And a also believe Magnus was not on top there. And maybe can do 20-25k after new wells. 20k average 2020 is expected according to Magnus prospect.

Opex capex, you might get it right because they usually come in under guidance.

I have 60 oil as base case now and next year Enq cost goes down 150-200 mill.
And limited scheduled amortisations.

I will still keep an eye on Kraken boats and oil prices 1-2 months before adding even more.

Hello HMH

Very nice, only thing I see is they guided opex at 300 mill and capex 150 mill in H2.
I also believe in the higher production from sept/Oct forward 6 months but put in 75k in my files but it could even hit 80k some months.
FCF anything near 200 mill H2 will be noticed big time.
And if that comes reality I think AB missleading market with re-guidance Debt/EBITDA below 2 for full year.

Marty,
I once traded 5% and could not sleep several nights before I could get them back. But good luck

KO, you have RBC link or can put text here?

Hi Chilting,
Not sure I agree it’s because we relying so strong on Kraken.
Of course in past with problems and without Magnus I understand low valuation.
But now?

Even Lundin Petroleum have one field with 80% production.

You could argue the other way here also,
So many small fields keep valuation low

Mavrick, yes 6 months number great but it’s in the past.
H2 guidance, we here range from 70 to 300 mill FCF here in forum.
Doubt Analysts have any better ideas.
Probably they even lower in estimates.
So far our predictions been better then analysts.

Analysts now predict declined sales 2020/21 and we can only guess.

To me it looks like AB and guys have another view.

I can only speculate about reasons.
Maybe AB wants to control 10% shares.
Maybe he is telling us buy as much as you can now.
Or he just very over careful with guidance

Hi Therapist and others

Are you saying H2 64k vs H1 68,5?
Or you use other measurement?

I think after maintenance period Autumn to Spring it should be possible do 80k months.

Te me it looks like AB is not telling full story how fast Enq is improving everything.
For example, debt/EBITDA target below 2 for full year re-confirmed in May and we end up at 1,8 in June (oops) and still target below 2 for full year.
Below guidance can be viewed as negative.
And same goes for production guidance, hitting the top end guidance H1 and just re-confirm full year guidance can be seen negative.

§ Net debt:EBITDA ratio* at the half year was 1.8x (end 2018: 2.5x), ahead of target to be below 2x by the
end of 2019

Lol..Chilting, yeah fits perfect to Enq.
Exactly what I am looking for as investor

Colebrooke
I saw you compared with Tullow on other forum, I saw some of there numbers on marketscreener.
Enq is not far of in term of operating profit, Net income, EPS.
Imagine any of these bit bigger players snapping up Enq at 60-80p and apply their valuation multiples.
+ the huge taxit credits.

Wonder at what price AB would sell?

GKB thinks he smart and trying to get his hands on my dividend “oops “.
And on top of that in hard currency!
I will send mr Bolton to have a talk with this mr GKB

GKB, Greedy ask for SEK but I see the reason

GKB, many things not acceptable in world. I just need protect my interest.
And I am winning!