Member Info for Pelle

Neil, dont get carry away now and forget your curent ramping day job yet.

Hope it was right feeling HMH:-)
Thanks for explaining all

Thanks HMH
Are there any end date on bull or mini L that needs to be considered?
Or if there are you just get cashed out at current value

I get everything you explained below, well explained!
I bought the Enq mini L 50/50 AVA 13/16 slighly more leveraged.

so its roughly the same play:-)
Hold my thumbs for us:-)

Hello Romaron

How much money did need to put in to get 1p=1k GBP?
I also bought last week these mini L Enq in Sweden
Around 5k usd and today up around 1k usd

I hope this can partly found my OO :-)

Hello HMH

Thanks for input
This example Bull, in April was 0,15 and now 3 SEK. Could I teoretically have hold it through this time and make 20 times the money?
But now its only 3 SEK instead of 20-30 SEK before crash even if oil at same level.
That the decay over time difference?

https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/1068015/bull-olja-x5-von8

Good morning HMH
Are you into details on Bull or mini L oil?
If I would like to make a play over lets say 6 months and that oil go to 80-100 with leverage 5-8 times.
Is the Bull certificate still ok hold over such long period?

Add to that 200m less debt and higher FCF!

I was checking PMO chat and they talking about EV / EBITDA multiple of 5,5 for new Harbour.
I started check bit on Lundin and they around 3-4 multiple and pay tax.

Enq I get EV 1,5b and EBITDA with new deal around 1b so multiple 1,5 and we dont pay tax.
Maybe a fair multiple is 2,5 for Enq that equal around 55p shareprice.

Debt/EBITDA all these 3 companies are trending towards 1 , not that big difference as I see it.

Anyone made more calculations or seen webpage with comparision?
Sometimes I view this site, numbers always lagging a lot for Enq.
https://www.marketscreener.com/quote/stock/ENQUEST-PLC-6098532/financials/

I remember AB said some time back that we won’t buy anything unless we can add something on the table.
Guess he changed his mind.
It was good move get instant FCF.
Option would be drilling but I would take too long time.
I hope they can make some more deal soon as I assume oil prices will continue up.

We now estimated FCF around 600m around these oil prices without any drilling.
We know the price for 10k = 325m
Guess they need replace around 5k production per year either buy or drill around 200m
Debt 1200m
So they can do
300m debt reduction
200m capex
100m ?

Think AB needs to a lot faster then 12 months to get a good price.
What’s the problem with HUR?

Jan and GKb , I hope we have many party next years.
I am down at pub now but close at 8 due to restrictions.

Don’t worry Mrc, forest is very safe place. Lol

Hello

I think we said before Enq made oil price assumptions at 47 for 2021.
At what time will they review this assumption?
Around this time before full year results?

And assume 20 usd increase in assumption.
How much value will be booked back roughly?
400m?

Report H1 2020
Lower oil price assumptions resulted in non-cash post-tax impairments of $251.6 million, and non-cash de-recognition of undiscounted deferred tax assets of $432.6 million. EnQuest retains access to its tax losses and allowances

It’s 60 bet:-)

Party at my place at 70 oil!
Welcome

Grow pocket full of celery!

Romaron, best part is at end.
Will be interesting year for sure

Are they getting towed by another tanker?

What does it say?