Member Info for Pelle

What does this article say?

https://www.ft.com/content/27d2f876-61d4-4995-ab5e-73553a44ccd9

Will be surprised if average below 50 next year.

Bring it on, 60p minimum for mine

Hello Jan,
Next 5 years might make up for past years.
Don’t understand where the world will get all energy from in future, specially if they want use less oil.
Once demands picked up to pre corona levels I doubt there enough supply

Today there lack of electricity in south Sweden so they now fire up oil power plant.
They don’t want nuclear power plants and want to be fossil free in 10 years or so.
Good luck with that

https://www.di.se/nyheter/lonsamt-for-kraftjatten-att-elda-olja-i-sverige-igen/

Looks like a good chance AB perform better tomorrow!

What you been smoking:-)
Please tell me what investing means.

Yes, if it’s greedy to get returns on investment then I am guilty.
Think I am more patient then many.

The potential here is still the best I found.
So if you don’t mind, I will keep my shares here some years more

Good morning L3,
How’s the dog?
I made some rough calculations on the missed hedges just based on if they continued hedge 50% for 6 months as normal and just got it fairly right.
Those two events I get 150-200 mill lost opportunity and probably closer to 200 including interest.
If they really nailed it or increased horizon it could been even more.

Jan, Can you please include 2 weeks quarantine for me in package?
And 2 weeks after also, think I will retire..
Might buy another piece of forest

https://www.artberman.com/2020/06/18/u-s-energy-dominance-is-over/

Happy midsummer:-)

Thought we already suffered enough with their hedging.
No more now until oil at 80-100 usd

https://m.moodys.com/research/Moodys-downgrades-EnQuests-CFR-to-Caa1-outlook-stable --PR_426322

Didn’t have time read yet

https://www.bloomberg.com/news/articles/2020-06-16/trump-team-weighs-1-trillion-for-infrastructure-to-spur-economy

Will be nice nice with these projects all over the world.
If I remember correct China also announced 1000 billion early in the year.

Art Bergman regarding BP :Disagree. In depression, people choose cheapest, most productive forms of energy--oil, gas, coal

"The UK energy major said coronavirus would...accelerate the transition towards cleaner forms of energy."

Sorry, i was actually having a rest on my new spike mat.
Something happened?

I would like to add to Riskingit scenario also, if hedge at 65 and oil goes to 80.
As an investor I would still be very happy and Enq could in few months continue extend hedge horizon and look forward to even bigger and safe future FCF.
Even if FCF is not maximized short term, I would take this scenario every day a week as an investor.

With this hedge building, they could even bring forward the point of where safe dividend could be considered on top of a safe payback of the loans.

Evening E,
Don’t want to put more salt in wound here but... Autumn 2018 we checked and they could hedge 2019 flat out at 80.
They didn’t bite, in fact decreased horizon and also used floor/max price that gave poor result.

Hello L7,
Extremely poor decision draw down the hedge horizon in Q1 when they obviously made good profits for the shareholder.
And come to a panic hedge situation 1 month later.

In my opinion they really got it wrong last years.
When oil price good they hedge less

Hello L3,
Looks like I will extend fishing season until end Sept. Lol.
It’s bit frustrating that both times last years when oil crashed they had the shortest hedge horizon compared to normal 6 months.
3 months winter 2018/19
And this time only around 1-2 months.

The RCF should not be any problem if oil continue recovery a bit Q4 and 2021.
Remember they have almost 300 mill cash also. Can use parts of it if needed.
And there other options also.

Hi Romaron,
They put them self in this situation already early in the year with decreased hedge horizon compared to normal.
They have had many good chances to hedge at favourable levels.
Of course they now had to safety hedge.

Think it’s better they stop with hedging or roll them systematic.

Don’t see the connection with director buy today, this last hedge was in place already at last update.

Post on Swedish forum with answer from IR regarding the 4 mill hedge
1. 0,6 mill barrels OZ, Floor 52, max 70
2. 3,4 mill barrels mainly swaps at fixed price 31.

All ends end September.

https://www.avanza.se/placera/forum/forum/enquest.html#6493910

All in now:-)