Member Info for Pelle

Thanks Chilting,
I wish you the same:-)

Chilting,
Brent doesn’t need continue rise.
Even 50-60 oil will make a lot money.

I was looking at EV/EBITDA valuations and seems US they talk about 6-10 multiple and I saw some other page with multiple 3.
But Enquest trending towards 1.5. That’s crazy.

About production, think Enq should flatten growth ambitions. Do some drilling and buy something small if opportunity is there like GE.
GE deal is exceptional, it will add close to 1m/day FCF.
Enq will finish net debt end year around 1b that almost 300m debt reduction + adding GE.
With these high FCF Enquest can easy mitigate production one way or other.

I hope and don’t think they will go for something big 1-2b investment. Then share it with others.

Enquest could now hedge and secure 700m FCF 2022.
I would put priorities
1. Reduce debt
2. Drill
3. Dividend

There more then enough money each pot

Chilting, then you will not have many shares left in a year or so when it’s time to have as many as possible.

Lol. But its fine buy other sectors that 50 times more expensive and your certain about the future in 5-10 years.

About BBK, what’s the cost?
I hope Enquest don’t focus only on growth but return money. Share this project with others.

https://mobile.twitter.com/OpenSquareCap/status/1405905434603528195?s=09

Is it robots moving SP daily so sensitive?

But it almost completely lost connection to oil price if it’s 50 or 74 usd.

Moodys can certainly upgrade us couple of steps considering everything

Oil price 74
FCF 740m
SP 74p at 7/4
D 7,4p at 4/7

Good luck :-)

Tigar,
Didn’t they say before they want to have 500m bond + 500m RBL. RBL is in place.
So now next 2 years they will pay down RBL close to 0 and the PIK on bonds.
And at refinancing bonds you lift the RBL again and make a new 500m bond.

It’s about 700m needed for this over 2 years with a FCF of around the double during the period.

How does that sound?

That’s extreme much, but I really think Enquest should build some more.

Hello Enquest,
Yeah, what more can you ask for? Lol.
Let’s see if we can manage a smaller meet-up later in summer if there interest.
Need bit more positive SP first

Mr Enquest,
Thanks, but I will manage:-)
Where you live?

Good morning Jan,
This sounds very good.
I think you should get in contact with IR already now.
You know I had several questions at AGM and finally got the the answer this morning one month late.
That’s poor but I uploaded it for everyone to see.

http://www.bilddump.se/bilder/20210616055237-185.205.224.229.gif

We need many repairer spikes.
Everything below 40p is dirt cheap.
Not even 60p is fair price.

Hope January got the plans ready

Clutching straws GKB?
Lol

25p is for everyone!

If nothing added since last update only 20% hedged on yearly base of around 60k 22m barrels.

The hedge policy you find in year end report.
There a lot room for more hedge

KO, they should continue build hedge.
This will increase the odds that we never ever talk about debt anymore in 12-18 months

Thanks Zippy,
Looks very likely exceed 10k. Maybe even some months up to 15k.

I am updating my spreadsheet with oil price and GE deal.
60k and 6k to BP.
Enquest should clear 800m debt on 12 months.
End debt 18 months away 200m only.
What will they do with 800m excess because they want to maintain 1b debt.
Crazy this:-)

What does it say?