Member Info for Pelle

Keep it here, no need wake them up

What you think about this?
Seems a lot money for small Mcap
Need check more later

https://www.avanza.se/placera/pressmeddelanden/2021/10/20/crown-energy-crown-energy-has-entered-into-an-agreement-to-dispose-of-the-majority-of-its-up-stream-oil-and-gas-interests.html

Yes, I think Romaron worries too much.
Dividend should come before next winter and he can buy insulation.

There more important things tonight.
Abramovich vs Pelle
London vs Malmö

Can David beat Goliat tonight?
Lol, good luck tonight

https://www.energyvoice.com/oilandgas/north-sea/356613/video-cnooc-hits-golden-eagle-production-milestone/

HMH, agree. Almost forgotten about EP after all this time. But value probably increased exponentially the last 12 months. Cash or partnership will come within max 3-4 months. Give it close to 0% chance it will be scrapped now.

Hello HMH,
Yeah, make the most of time while waiting.
Zooming out, AB done a good job reducing debt 1b over 3-4 years keeping production almost flat and that in a period of rather low oil prices.
The next 3-400m will come of very easy.

This position going forward will fit AB very well, picking up some smaller deals and also developing what they already have.

Hello HMH
Nice to hear from you.
We really filling up with cash and even more so once GE included.
My guess is bonds will be re-financed in around 6 months. And then only the half amount, around 500m.
What a change this will be, after 3-4 years heavy debt reduction. Finally can re-allocate the cashflow priorities.

Hello E, think I had 85 or something:-)

I hope I get a nice bottle whiskey from Romaron guessing year end price best. That’s much more difficult then guessing an average. Lol

Key, will be the hedge for next 2 years.
Standard before was 50% for 6 months and now it’s 4 times longer horizon.
Let’s hope we get a good upside for next year

Any date yet? KOmaron

Jan, your talking about a guy without phone.
Trained for post pandemic survival in the Scandinavian wilderness

Good to hear from you Modestus.
We were about to set up a rescue team look for you!
Enjoy the day’s fishing

Hello BananaJoe

Check börssnack di, there some posts with other holdings. Petrotal corp several say is same cheap or even cheaper but might be some risk also.
I am interested take a smaller position.
Some like Meg energy also.

In general US Canada higher valuations

Hello Romaron,
Yes, it was high volume day. Not surprised that volume was bigger in Sweden. Without checking the statistics I would say it’s normal during last year or so.
I can’t see the statistics now but someone comment Swedish retail investors sold 9m shares yday.
There also some big foreign banks counting for a big volume, some say it’s robot trading.

It’s just to zoom out and the trend looks really nice last year. Surprised oil shares not jumped higher with everyday energy crisis on tv.
Maybe most people don’t make connection electricity,gas,coal,oil etc.
I know one factory in China can only run 5 days a week due to government cut electricity the other 2 days.
They think this situation will remain until summer and now also spreading to other regions in China.
Looking at buying 100k diesel generator and it seems unit price will increase 30% on top of the investment.
Will be interesting times!

I actually made some changes in my holding over last year. 50/50 split Enq and Africa oil.
Spiced up with 1/3 mini Long, I will convert this to shares more close to dividend with additional founding also.

Think we looking at a Heinz ketchup bottle effect with our oil shares.

I also thought about AB exit, I think so also within 5 years or so. Doubt it’s something you leave for the children. Question is just how?

Romaron, we say .. 2 shares a day keeps the doctor away… lol. Or was it fruits? Anyway 0.15 is low.

My guess is Enquest will do a 500m bond in spring , if they got good deal at RBL last spring and they in much stronger position in 6 months.

https://www.avanza.se/placera/telegram/2021/10/08/enquest-jefferies-hojer-rek-till-kop-behall.html

KO, I will put my money on you will turn up!

Elitesky, how did you come to the conclusion of 30p shareholder returns?
I have FCF next year at 740m but 30p is around 850m If i got it right

Thanks E and Therapist.
Therapist says 30m extra, not sure about E estimate…
It’s something.

But if we should ever see 60p we need hold AB upside down on AGM until it falls out a dividend from the pocket. Lol

Hello L3,
Ok, I started some rough gas calculations and if I remember correct gas sales was 40m H1.
But I am not sure if there gas import also?
If 40m is net export the contribution in H2 might be significant.