Member Info for Pelle

40p and Swedish midsummer party my place!

Squif, just my way to say, hold your positions even how miserable SP have been last 5 years or last weeks.
It’s good to spread risks on other oil shares but I really believe Enq have most potential if oil go to 100.

And I think there good chance this will happen soon

Squif, may I suggest eat barbed wire and buy more oil shares.
The world will realise over next 1.5 years how dependent we are on oil supply

Primetime, around 35 usd breakeven.
They talked about 27 before but need add few bucks for interest and higher fuel cost

“ held by Egypt “

The Ever Given ship is now being help by Egypt asking for a 1b payment for release it.
Ever green asking cargo holders to help out:-)

Also now 150 000 containers are at wrong place in world and shipping departures from China are being cancelled.

Trains are fully booked also for containers.

Expect a lot more airfreight!
Read that one small Swedish padel company had put 3 containers with padel balls on the airplane.

It will be a lot airfreight over next 6 months

Stevo, yes.
That’s why I use FCF for debt reduction.
If bonds don’t get paid in cash. Then equal amount will be additional paid on the bank loan.

Stevo,
Why you think interest bill will be higher?
The 170m includes kraken leasing and will be around this level for this year also.
Capex also same as last year 120m
All in all I get 350-400m debt reduction FCF 2021.

In comparisons I would expect Enq always to be cheaper then HBR due to the size.

But Enq is so much cheaper in comparison so I happily take the slightly higher risk there.

We all in same boat and most like will do good at 65 oil over time.

I expect oil to go a lot higher over next 6-18 months but it’s another question:-)
Good luck

Stevo, Enq have not borrowed 0,5b from BP.
There is a vendor loan left 50-60m.
The rest is 37,5% cashflow deal towards BP and considered in FCF.

HBR is around 4-5 times Enq EV right?
Enq will do operation update in May and I expect they
have reduced debt 100-120m first 4 months.
So HRB needs to 500m + over same period to be cheaper.

Good luck

I would expect HRB always have higher EV then Enq in comparison with size. And also be more correct priced at market. Due to its size.

Maybe they can give 5-10% dividend but for Enquest this might be 20-30%.
Then I will choose Enq any day

Whiteace, then your old enough take the fight yourself:-) And your English probably better then mine. Lol.

Whiteace, it’s not correct.
Enq EV is more around 1.6-1.7b
HBR I think is correct at 8b.
If you search on HBR news on this site there broker say they will do 1.1b FCF.
Enq produce more oil and profitable including GE we around 500m FCF.

So comparing EV vs FCF we could be almost half EV.
Let’s say 3b to give some discount
That would equal around 60p

There been several SP targets updates since February.
Low: 0,26 usd
Mean: 0,36 usd
High: 0,63 usd

FCF around 1m/day so every day puts this company in a better place with these oil prices.

Will bounce hard on any RNS or oil price increase in my opinion

https://m.marketscreener.com/quote/stock/ENQUEST-PLC-6098532/consensus/

Sell a few so you can afford a pint.
Go to pub and convince the people oil will be the new hype and specially Enquest that is cheap.
Otherwise we soon might not afford filling our cars

Everyone down the pub today?

https://www.valuethemarkets.com/2021/02/20/latest-warren-buffett-investment-suggest-he-is-bullish-on-oil/

Yes Jan, best would be RNS that GE is done and the OO is not needed.
It might be a possibility given how the situation changed for better last 4-5 months

Squif, AB is magician you need to believe!

It was better before few years ago with double debt. Lol
What’s the plan after running out of debt ?

Nice job! Using last month average and call it forecast.
Since January they increase forecast 10 usd