Member Info for Pelle

Net impairment reversal of US$68m (2018: charge of US$166m): Reversal of US$147m Kraken impairment, offset by US$79m goodwill impairment

Posted on Swedish forum

Thanks TT :-)

https://www.di.se/analys/sa-fick-jattarnas-oljepriskrig-marknaden-att-krascha/

Anyone have access and can copy in text?

If these oil prices remains couple of weeks I assume Enq will look into cutting capex.
And so will many others in world not only shale, maybe in 6-12 months there not enough supply to meet demand.

Squif, good post!
Any guesses how fast shale production will drop now in 6/12 months?

I just hope Enq have more hedges then they said in last update.
I said several times they should build more hedges when prices are at good levels for Enq around 65.
If oil would go higher we could be happy looking forward and put more hedge.
If oil go down we could be happy for great hedge.

We will see
Good luck everyone, I am never selling in panic

Hitman, i was also thinking about Iran war theories and was just going mention it.
That would send prices back to 60.

Many good post by you, Squif and others last days.

Doubt this will last more then couple months.

https://live.aftonbladet.se/supernytt/news/5e62c8b3022cba001298faf9

Front news now, Visa card machine don’t work at a ferry and people can’t buy beer!
Cash is king
Corona news soon gone

Jan, lets see after full year results.
AB’s hands tied now

Taverham, NH also said last autumn that Enq would go bankrupt.
While in fact they made more money then ever and NH bought shares.
Its just a very sneaky worm

Net debt reduced by c.$361 million to $1,413 million
§ At 31 December 2019, net debt including PIK was $1,413 million, with cash and available facilities of $289 million

I get approx 80-100 mill FCF Q1 2020

Thanks Modestus for additional tips. I will reach out here for more next years.
Yeah, Norway is nice place discover that way I assume.
Too expensive so great choice cycling and tenting in that way also

That’s impressive Modestus.
Did you live in Scandinavia for some time?
I am better on numbers then language. Lol

Modestus, sorry for my English.
I mean I like it also after 5 min view.
So I keep link and maybe consider invest next year because I probably get money to invest then.

Modestus , I liked this company:-)

That will be Legend

Spindok, so in your case age is an advantage:-)

https://www.aftonbladet.se/tv/a/308001/slickar-pa-heliga-platser--i-protest-mot-corona

Seems Iran already have a war, corona.
Kissing and licking holy places

Agree L7,
50 usd 1-2 years, we will reduce debt but also probably burn through peak production years and reserves and SP hoovers around these levels.
60+ usd and we will add a lot value.
Johan Svedrup is the new giant field in Norway and I think peak is 500k production.
That’s what I heard one of the last big field,
production started last autumn if I remember correct.
If US production flats or declines it’s game changer and oil prices must go up a lot sooner or later in my opinion if demand continue grow.
I also heard positive news from China production today that things start to return to normal and government encourages people live as normal.

I see some insiders buying quite heavy in various quality companies in Sweden last days. “Not oil but still good signal”

Let market swift focus from CV to US oil production peak over next months

Asia stock markets up
Oil up
Corona virus new cases down

Bring on spring and reduce CV further and debt down another 150-200 mill.