The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Carbon capture & storage (CCS) is a complex mining operation whereby fossil fuel companies inject donations into the *******s of politicians to delay climate action
https://youtu.be/MSZgoFyuHC8
Thanks Romaron,
Listen to your shell friend more:-)
I get your points that timing should be right and of course things can always happen that ruins a estimate but that’s the case for all and something exceptional needs to happen.
Of course AB have a clear 5 year plan and knows the estimated FCF over that horizon at different oil price levels. This would also been presented towards the banks to get the new RBL.
I also think the Barclays analyse with detailed production data over next few years have input from Enquest. But this picture almost remained in secret if it wasn’t for one poster got hold of it somehow.
With new bonds probably this year maybe it’s good time present something for shareholders also?
I hope also Enquest can develop communication towards shareholders soon as other oil companies have done a lot last years.
Good morning Romaron,
I have not asked Enquest to hype the stock.
Why you defend Enquest lack of 1-5 year guidance/ strategic plan?
Saying Enquest is stronger and better then others so they don’t need do is just nonsense.
I doubt AB done better job then average since founded.
Below is examples of what others can provide to their investors. Why would you not like Enq do the same?
https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/2f9ccf1c-e389-8ac0-16ad-3e74135b32d3?origin=1
https://africaoilcorp.com/site/assets/files/1704/2021-08-aoi-cp.pdf
Romaron,
*shouldn't affect us though as what really matters is AB giving a flowery and optimistic forecast to the UK stock market from his underused crystal ball, apparently.
Don’t know if this was towards me?
But I never asked for AB to predict oil price..
Like all other estimate FCF based on different oil price levels.
Maybe it’s too big of a ask, what all others can do
Happy New Year
Seems serious, on Swedish news…
Hope everyone ok here
Happy new year and hope Enquest finally turned a corner now.
Angry squirrel injured 18 - killed
A squirrel has been killed after spreading terror among Buckley residents in north-east Wales, reports BBC News.
It was during a two-day period last week that the angry animal went berserk and injured 18 people.
Corinne Reynolds tells the channel that she has been visited by the squirrel since March. Therefore, she was surprised when it suddenly bit her finger.
Afterwards, she saw that several were attacked by her "little friend".
- When I saw the pictures of people's injuries, I thought: My God, what happened to him? she tells the BBC.
But with the help of a trap, she managed to capture the squirrel, which she has now given the nickname Stripe after the evil character in the film Gremlins. The animal was later killed by a veterinarian.
- I'm sorry the squirrel is dead, but there was nothing I could do.
Article in Swedish FT.
Everyone uses oil, but no one likes it. And everyone opposes it. That is why the price of oil is rising.
The price of electricity is a constant topic of conversation, not least for us in the southern parts of the country. That it blew less when it got cold came as a shock.
The oil has almost been phased out, most people think, even though a majority refuel the car more traditionally. And then there was all that other stuff:
* Transport with diesel trucks.
* E-commerce gadgets transported by ship (diesel).
* The vegan food with the packaging (even the "sustainable" package requires its oil).
Not to mention all the electric cars that are now dependent on oil and gas that we burn to get electricity in the tank. Environmental policy is too important to be handed over to the masters of simple solutions.
So far this year, the oil price has gone from 50 dollars per barrel to 79. That means 4.5 kroner per liter. Then there are - in Sweden - all sorts of taxes that mean that petrol now costs more than SEK 17 a liter.
And what's worse - the oil price may well rise further.
Most people probably think that oil in particular will be cheaper.
It is different with electricity. We want it. The only problem is that we use more oil for each passing day, partly to produce electricity (think Karlshamn's combustion of 100,000 liters per hour times a few million in the world), partly for transport.
We have our climate goals and that's good. But even with these, demand is increasing because the world lacks alternatives. Sweden is a really excellent example of a country with great ambitions but without a plan. We are not alone. There are a lot of countries that have chosen the Swedish line, so none at all.
A new report from the International Energy Agency shows that demand for oil will increase much like the pace of the economy. Already next year we will reach new peaks after the pandemic dip.
In a normal business, there are no problems at all because the market will ensure stable production. But now the situation is different and no one wants to be in the match. This inhibits production. Banks want to be green and beautiful and not finance new production at all. And the oil companies will soon be owned only by sheiks in the Middle East or by Vladimir Putin and friends. Then not much is invested and the oil price reaches new peaks.
Unfortunately, these gentlemen are smart and want to milk the cow for as long as possible. And it works. The equation looks like this: minimal investment meets increased demand. Result: rising prices.
Maybe it's for good. Then we will eventually use less oil.
But for Di readers who want to compensate for high electricity and oil prices, there is every reason to look after their house.
Romaron, new year and it’s allowed to make wishes right?
AB should make presentation about FCF at different oil price levels as others do. Preferably over 3-5 years.
AB should state at what point divided will be introduced. And preferably what size of the FCF will be distributed.
If he is aligned with shareholders, he needs adapt to norm, right?
If he is really trying his best and give me confidence about shareholder returns.
Then I don’t care if SP remains at bankrupt levels as now.
Squif, we need wait and see what will happen next half year.
It’s about time for capital market day H1.
Maybe dividend promises for H2?
Maybe update on what level they will slow down amortisation?
Enquest producer?
AB got a lot information catching up to do…
Modestus, just looking 5 min at those Canadian companies presentations it’s a clear difference compared to what AB gives.
All others are fighting to attract investors with information and shareholder returns.
AB’s last update with problems without basically no further guidance was a SP killer.
Are there any incentive for AB maintaining a decent SP while he still increasing his holding?
And even if we guessing numbers right with production and FCF we still in the dark what it will used for.
Good morning
Anyone looked at this one?
Corporate presentation: https://tourmaline.cdn.prismic.io/tourmaline/c8408152-fd1a-470c-a60c-3ad43f10bbea_Tourmaline-Oil-Corp-Overview-December+2021.pdf