Member Info for Pelle

Hi Auson

Centamin gold digger? Sounds like some pill doctor gives you.
Other oil companies I followed never talked about hedging, dont think they use it.
But I like idea of it, gives stability and predicted cashflow in

Hi E

Checking last info hedge, if we exclude the 1,5 million barrels for OZ
It remains 6,5 and I think 3 million was already used for Q1.
So only remains 3,5 million and thats only approx 2 months production.
So maybe time put in little bit more already now.

If they make a bigger hedge move when price 75-80 , I hope they use the hedge " swap contracts" if I remember correct so they get the highest possible floor.

EnQuest has hedges in place for c.8.0 MMbbls of oil. Approximately 6.5 MMbbls are hedged at an average floor
price of c.$66/bbl. In accordance with the Oz Management facility agreement, the Group has a further c.1.5
MMbbls hedged across 2019 with an average floor price of c.$56/bbl

Hi L3,

PMG, can I find it at market Screener page?

Hi L3,

POO, I think we will see 75-80 in May/June and maybe above 80 in summer and autumn.
They already haedged some and maybe can hedge little more now.
But I would wait for bit higher prices for the big hedges

L3, I think you need view oil graph again

I found article at other forum, need translate yourself. Not so interesting Ang ENQ: För Enquest är den genomsnittliga riktkursen drygt 2,50 kronor per aktie, enligt de analytiker som följer aktien. Det motsvarar en nedsida på minus 8,4 procent. Hälften av analytikerna som följer aktien tycker att det är läge att sälja. 12,5 procent tycker att det är tid att handla i aktien medan 37.5 procent säger behåll. Högst riktkurs för aktien har Pareto Securities med 5 kronor. Lägst riktkurs har GMP med drygt 3 kronor. ”Bolaget är väldigt exponerat mot ett ökande oljepris som vi tror kommer spela ut under 2019. Det har gått snabbare uppåt för oljan hittills i år än vad vi trodde i början av året, men vi tror att oljepriset kommer fortsätta uppåt och närma sig 80 kronor framåt årsskiftet.” Enquest är en aktie som man bör ta position i om man har en klar syn på vad man tycker att oljepriset ska ta vägen, enligt Johan Spetz. ”De har relativt höga produktionskostnader på sina fält och de har dessutom hög skuldsättning så man får både operationell och finansiell hävstång som är trevligt när oljan går uppåt men som straffar sig när oljepriset är svagt och som vi har sett de senaste åren att det har varit en relativt volatil aktie”, säger han. ”Om man är positiv där så är det möjligt att se en ganska ordentlig uppsida, för med ett oljepris 2019 runt nuvarande nivåer kommer de ha möjlighet att betala av på sin nettoskuld och skapa aktievärde den vägen”, fortsätter Johan Spetz.

Hello, Any of the Swedish people here saw a article about enquest in di the few day ago? Or have access to it and can post text here?

Found this link from early January, dont remember if it was mention here.

This is as far as you can get from the truth and will soon be vissible and these analysts will need to change their view.

I understand that AB taking advantage of this moment and picking up as many shares as he can

https://www.investorschronicle.co.uk/tips-ideas/2019/01/17/an-inquest-into-enquest/

Hi Nsea Yeah, can be sure they used lowest prod estimate 63k also. With the increased performance at Kraken last month and Magnus also doing good. We might very well exceed the highest guidance of 70k average. Update in May will be very interesting

Sorry, got it now:-)

Any link Branson?

Hi Nsea, No, no feedback yet.

Hi KO, I don’t find on HL. Can you please send link? Are there any text linked to valuation? Or just simply 15p

HL?

Any link to Jefferies?

Hi KO, And since autumn debt also reduced with approx 200 million to today.

Hi Hitman

The FCF at 75 usd is more like 40 million usd/month equal 2p/month
Its also gets de-risked eached month, and that should be worth something also

Hi KO,

Yeah, and tickets for 60p party still much too cheap.
Well done with your topping up's lately.

Hi Hitman, Yes, I also think we will go to 25-30p range quite fast. Looking one year ahead, mid next year. Then debt can be around 1 billion and with a EBITDA ratio of 1-1 then. Risk is coming down quickly and next year some doors start to open for dividend or share buy back. Situation now feels a lot more comfortable then 3 months ago

Thanks E, Good link, even if its short and informative I feel that it gets bit to complicated. I will try with my FCF logic