Member Info for Pelle

Morning E, I am not sure.
It’s big foreign banks buying today. Morgan Stanley, Barclays, Bofa. I doubt any Swedish retail investors use these.
Avanza , are selling. It’s the most Swedish retail investor bank.

Any volume in UK?

1m shares after 2 min Stockholm

What is the deal now?
2m until new year?

If you zoom in I spotted NH carved in on it.
Is it some gravestone?

Dumbly, In my opinion AB keept information tight and downplayed things during H1 to get the OO done at a fairly low price.
Think we will see a difference in H2.
And EP is one piece of that

Think it will explode in July or Aug when AB all of a sudden made a deal on Enquest FPSO.
They probably held back this information until OO is done.

L3, yes it can!
I quote AB one year ago in newspaper: FCF will be fantastic if oil price go to 40-50 usd!

Add GE on top of that!

Use whatever word you like now:-)

GKB, I tried before make it simple for you but you get relapse after relapse.
Save the link as favourite

https://logwork.com/countdown-p7p4

Of course that note about dividend have always been there. And will be there until changed.
And honestly I don’t care much because with these oil prices Enquest will pile up a euphoric amount of cash

Hello L3,
I think Magnus vendor loan to pay off was a condition to get new RBL.
Maybe also sculptor loan.

And we don’t know the fees for early clearance of these loans.

L3,
Now I put in for H1
46k, 65oil,
Leasing finance 89m
Capex 60m
Opex 15/barrel
BP vendor loan and share. 63m

I still get 180 m FCF H1.

Maybe there some bug in your file? Lol

Ok, I will check later

L3, and production?

Hello L3,

What production and realised price you have for H1?
Capex also
I can cross check with my numbers

KO, will you take up the full lot without selling any Enq?
I think you don’t want the Swedes blame you for SP performance next 3 weeks

Sipp, you refer to that Bloomberg screen?
Or you seen it elsewhere?

Hello Sipp,
You have any more information on the misreported net debt ?
Last week I posted that Bloomberg print screen that I got from Asian analysts

I agree this deal become super great.
I remember with Magnus deal I said it was a game changer getting that FCF.
This deal is like 2xMagnus at roughly same price.

Without these two deals there would not be much Enquest now.

Hope we can get a Moodys update soon or some analysts. Moodys made good update with the Magnus deal.

MRC, what would those risks be that market see different now?
If you compare couple of years ago EV 2,5b and now 1,6 or something with a lower debt and higher FCF.

I get it funds don’t buying oil companies and most private investors also stay away due to media and there other hot sectors.

At the same time I see Lundin Energy and Tethys oil having fairly normal valuations. Probably partly due to dividend.

Are the risks here company specific?
I don’t see them

MRC , what’s your view on EV with these oil prices going forward?