Member Info for Pelle

Seekingalphamale, i can’t read unlimited articles on mobile but last few articles can’t go unnoticed about Africa Oil, how you rate them between Enq and Petrobras for example?

Oljebolagen Lundin Energy och norska Aker och Aker BP har handelsstoppats.

Yes KO, around 30% of the FCF is more reasonable.
If it’s only 4-5% there better options

Interresting marketscreener now estimate dividend 2023.
1p vs net profit 17p not so much but good signs

https://www.marketscreener.com/quote/stock/ENQUEST-PLC-6098532/financials/

ZFG,
Production 46,3k Jan-June
Think we got OGA July 45k
Production Jan-Oct 44,3k
I estimate Aug-Oct 40k to get 44,3.
They gave full year guidance 45k this means Nov-Dec minimum 49k, don’t want to miss that one 1,5 months guidance!
Nov Dec I split 45/53k

With this production and oil prices it’s 60m per month FCF my estimate

ZFG, GE is added also 10k+
My best guess we at around 55k now

Modestus, sorry but I have to ask..
Did you find a pair of magic trousers on your last Sweden trip?
If it’s marked with Pelle on label inside can you please return them asap

https://youtu.be/jNgkZ2d2bgo

I am trying to catch up reading all interesting posts here and get numbers correct. Romaron at breakeven now and Hitman earned 39 gbp.
Must admit I am behind….
But thanks AB for not letting Swedish shareholders take part in OO

Squif, please promise I can buy those of you for 40p after two years with 85 average.

Squif, and what do you estimate equity will be after 2023 ?

Barclays estimate equity at 1,2b with 60 oil !

Good enough reason for me to hold, and I think oil prices will a lot higher then this year

KO, fantastic is AB’s word for FCF at 45 oil..

Hitman, seems you all over the place.
First you say new bond March 2022 and now clear old bonds Oct 2023.

Didn’t Moodys say , they wish to see new bond 12 months before maturity?
That sounds reasonable to me

Thanks E,
Regarding Petrobras, I thought the risk would be if Bolsanaro is replaced by socialist or other.

KO, don’t know what exactly happened in Afren.
But Africa Oil is very well run and they get bi-monthly dividend from Prime who hold % in Major operated FPSO fields.

Thanks Modestus,
I noted PBR before also and other forum also.
My biggest holding now is Africa Oil. Have look.
They own 50% in Prime and if you consider both companies they go debt free within few months.
FCF yield around 80%.
And they also have 3 holdings in explorers.
Decision on buybacks/ dividend promised to come early Dec.

Thanks Modestus,

Modestus and E,
What would be your top 3 picks in the sector?
Need to have a dividend in next year.
If you can indicate a rough dividend yield also it’s appreciated.

I will invest more over next months

Modestus, what is the Canada company?

Yes, here says 55k 2020.
I think they pay a hell of tax on those cashflow.
Enquest 0 tax

https://www.euro-petrole.com/spirit-energy-sells-its-norway-business-and-statgjord-uk-n-i-23152

L7 and Romaron,
Reading it again I think L7 is correct.
Noted also in second link the price was around 2xFCF.
That’s cheap.

So its 20k for 1,1b and GE was 325m for 10k with 50 oil so its around same.

Total Enq would be let’s say 50k equal 2,75b
Minus debt 1,3b equals 1,45b equity.

Yes that’s around 3 times current Mcap.

My simple take on it