Member Info for romaron

Hi Tigar - I only wish it were true. You are looking at trades on ENQ1. If you look here:
https://www.londonstockexchange.com/stock/ENQ1/enquest-plc/company-page

You will see the 10 Sept 08:08:58 as having a value of £24,062.50. I have seen my own trades on LSE so trust their conversion. LSE is wrong. It isn't a £2 trade.

This is another reason why I prefer tracking the HYN. The RB is a mix of retail and medium rung institutions. There isn't the scale for the real influencers to trade RB plus they probably steer well clear of anything the FCA might glance at. The RB is edging higher though.

Be Lucky

KO 10:01 , compared to you I am the memory man. I never contacted IR regarding RBC but I did contact a source at the FT. Whether my intervention had any effect is unknown but they had the decency to inform me that RBC corrected the note overnight at 06.35 on 08/01/2019.

Most here treat you like the toddler you are but it is one thing to twist an action but another to blatantly lie. I'll forgive you and suggest it is your memory that is at fault and you weren't being correctly supervised.

Social services have been informed.

Oh dear KO you are in a mess. Companies do not comment on market gyrations otherwise they'd be responding every other day and not getting on with the job. That is not their role. They are not their to satisfy day traders. I was responding to your Helikon suggestion.
In my post of 17 August after I struggled initially with the Helikon swap I contacted IR. This was their reply "Helikon had expressed an interest in investing in EnQuest equity a few months ago and we have been helping them understand the business. They are interested in (and obviously supporters of) the free cash flow generating potential of the business. We do not see them as activist or shorting the stock."
So, for you to be right IR are telling lies or are at the very least incompetent. Neither of which I believe toi be the case.
As usual you scream out other baseless claims. Please direct me to where AB says "Enquest would be making great FCF at $45 Brent"? Oil production never runs smooth so I'm suggesting you slipped in the word "great". You make so many posts it is impossible to check so maybe you use them as camouflage or maybe it is your reading age?

Busy today so won't be responding.

Build it and they will come.

Just when I thought you couldn't be more ridiculous KO you're now suggesting that EnQuest IR lied? Don't try and inveigle me into your crackpot conspiracies. Save it for the seance with Stanley.

Helikon bought stock forward. EnQuest are professional and their IR doesn't lie.

*for the grown ups. Things take longer in oil. Those searching for instant gratification are in the wrong stock if they want excitement. A ball-pit would suit several on here. I was surprised that the Waldorf purchase of Cairn's Kraken share isn't expected to go through until Q4. Patience is required but the future looks fine for us. Private equity is sniffing around for bargains. With our attractions we will always be in play.

Back the truck up now. $HYN fixed up .327 today at 96.633 That is the best indicator that debt is not a problem.

Bit more colour from last week's ST by Oliver ShahP:
"On the topic of private equity, Richard Buxton of Jupiter Asset Management makes an interesting point. Several factors are driving the surge of money into privately held assets, but an under-discussed one is volatility – and or the lack of it, if you invest in a private fund.
Public equities are priced every day, meaning a quoted portfolio might be down by 30 per cent in one quarter and back to where it was the next. Private equity portfolios are valued a few times a year. That seems to smooth out returns.
“The regulators, actuaries and consultants, by insisting that volatility is a component of measuring returns, are driving long term institutions away from quoted equity into private equity,” says Buxton. “It drives me demented!”

We can sit out the craziness around us imo. Oil is still a commodity the world will need for decades yet and we are a "going concern" with rising cash and are in profit. I don't know how you can short a company with those credentials!

Hang around Dave you are a voice of reason. Maybe not right one but the world is in a state of flux and do not judge this message board by the like of "no show KO" a noisy day-trader and his pal Stanley who has an opinion to suit every eventuality.
I guess you are referring to the possible attempt of Neptune to hoover up Harbour as reported by Bloomberg?
The Chinese, Carlyle and CVC [Neptune] are a formidable team and the day-traders seem to have dumped EnQuest and moved to HBR. It all makes for exciting times and as usual (me included) have missed the bleedin' obvious. I'd take it a step further and suggest that maybe a merger is the reason for the Helikon stake? I am not too concerned because the LTH's are solid at EnQuest. AB 10%, EBT 5% whilst Bailiie Gifford 5% and Aberforth 8% have been in longer than I have. We still have priceless tax credits and are publicly quoted. Both very desirable to private equity.

Thank you for bringing it to my attention.

Build it and they will come.

The Swedish holders will foind this useful http://www.stockchallenge.co.uk/ftse.php

It is at the end of August so if there is a fresher or better list don't be shy.

I was going to make the subject 'Grown up's corner' but Stanley and his boy wonder show no sign of being aware of their irrelevance or barging in where they're not wanted so I expect them to interrupt.
In a moribund market and a buyer's strike on fossil fuels due to relentless ESG propaganda it is not completely surprising to find EnQuest friendless. Even the majors struggle to get traction and the title '4 D's' is what the estate Agents use when the housing market goes into a similar hibernation. There will always be a limited turnover because of Death, Divorce and Debt whilst I have added Decentralisation as there is the added factor of Covid which looks like becoming part of the landscape.
This means there will always be SELLERS of EnQuest whilst there is (at present) no compelling reason for BUYING oil companies. If I died and my wife employed a financial advisor she would likely be advised to sell the shares and go for a FTSE 100, bonds or fund that is safety first. I doubt any of the serious insurance/pension funds are tipping oil stocks at present. Certainly not EnQuest. To further pile up the negatives we aren't even a FTSE250 company so cannot be dragged along by tracker funds. HBR and CNE are whilst TLW are making the painful climb back.
So why are we as high as 21.25p? Because the numbers say so and our target is c.42.5p. If we reach this number we will have a MC of £800mio and inclusion in the FTSE250. There is then the further kicker of BUYERS appearing and it is self-proving as they attract more BUYERS. We are already seeing the resilience of HBR and whilst slow they are firmly FTSE250 and I think will enter the FTSE100 next year if the ducks line up.
We are piling cash at a decent rate now and smart money has already shown an interest. (Helikon) whilst the bond market which uses the harshest criteria to judge a company and are completely devoid of sentiment have gone higher again today (HYN fixed 96.306). These are completely at odds against the thin market in equities that overreact to anything even slightly negative (loud bangs or childish fear-mongering?). I can't rememeber the last time I looked at IC, Tatler or Country Life but some swear by them (apparently) and Zak Mir who when I mentioned the name to a real analyst said "who?".

I believe that the EnQuest transitional business plan and team to implement it are amongst the best. The amounts sold have depressed the price but most days doesn't even add up to what a couple of investors on here would sell if they unavoidably hit one of the D's. Let the day traders pick up halfpennys in front of a steam roller. Bit too risky for me.

If you build it and they will come.

Jesus: Somebody give him a dummy (KO).

Examples KO? "Huge net loss" Where is "huge"?

Yesterday's movement may have been an algo reaction but even if intentional I can't see a massive return for the action on quite low volume. I was wondering whether the Directors are prevented from buying due to the GE being closed in a matter of weeks?

NO - they can only report the announcement. Who are "Most" ? The IC headline by IC was "EnQuest marked down on production decline". Factual and accurate. Followed by this " EnQuest (ENQ) failed to gloss over an uninspiring update at the half-year mark." An opinion but quite accurate imo.

Your fear-mongering is neither. Idiot.

Juan and myself were born not far from each other (E4) and he probably had a rough upbringing the same as me. When I was a kid, people used to cover me in chocolate and cream, then put a cherry on my head. Life was tough in the Gateau.

Bond fixed today @ 96.166 Down .07 after a 2.34 point rise so far this month. Guess they don't read the IC.

In my day the fastest moving prices were the spot FX and you'd have wild swings with a variety of reasons for them. There wasn't much of a retail market but the average spot trader struggled reading the Beano. They acted the big b*llcks but had to go home square every night (or close as). The only people who were allowed a position (legally) were the prop traders who are now, by and large, extinct in banks. The close today will be interesting. I expect a far better week, next week. Don't expect a comment from EnQuest. Responding to day traders sets a precedent and is not a good look.

Third para: if it is spread bet generated then the market is as thin as its been for some time. The thinner the market the wider the spreads and increased volatility. There is liitle you can do about it if you're long. The company may well be mystified too but commenting is always dangerous as you set a precedent for every lurch. There could be a small group of traders patting themselves on the back for forcing it down. That's the easy bit. Locking in a profit is the hard bit.

Hi Dol03 - this was picked up on the 23rd August by Therapist but like all good things it is worth a second look. Reading it again it shows how big 9/2b and 9/2c is. It is exploration to an extent and the high odds of a valuable find are unlikely; but then again?

Investors Chronicle has a circulation of c.30,000 that hasn't moved for the past 5 years. They are no longer considered relevant imo and are available in all good dentist waiting rooms though rarely up to date. I imagine that many are old subscriptions that benefit from inertia. It is firmly aimed at PI's and this article is a space filler and the level of research confirms it. Plaigiarising an update brings nothing to the table and the journalist couldn't even get that right (net debt).

Therapist's work is valuable and much appreciated. His Sept 4th 00.05 led me to the OGA pathfinder page. Most of it is technical and way above me but my impression is that the majors are noticeable by their absence. It does reinforce to me how difficult lifting oil is but the rewards can be phenomenal. It is (for us) a battle between declines and how much contingent moveable oil we can shift at an economic and scaleable level. I think we are in a small cohort of companies able to fulfill this transitional role.

There is a big change coming in PI activity. Furlough is ending and traditional alternative attractions for discretionary spending now returning. The spread betters are reporting crashing volumes of trades. Another factor is that most punters have now realised that spread betting usually means the house wins.

I expect Privat Equity and hedge funds to become more involved. Helikon was not a surprise to me for their interest but more that they weren't British or American. It hasn't produced the numbers yet but I think Harbour will show the way. Others will follow. We are ring-fenced by AB's and the EBT holdings but never underestimate M&A guys. They love a challenge.

Whatever happens to EP I doubt it will be with any of the smaller companies who have licenses and begging bowls. I imagine AB will expect any partner to have deeper pockets than the wannabes. Whalsay had a license but no financial leverage. The offer from EnQuest was "take it or leave it". Waldorf is a different outfit. They have money and access to more.

*St. Leger on Saturday. Upward traction soon to resume.

"You can print money, you can't print oil".

*I wish it was my quote but actually another LTH who doesn't post on here.

Winter is coming.

F* me. $HYN fixed today at 96.239 highest since 2014. https://www.bourse.lu/search
The HYN marches more or less in step with the RB.

Remind me - did much happen in the last 7 years?

Hitman - agree on the dates for renegotiating bond as per presentation. March or September 2022. Any later and the maturity will be too short imo, less than a year. I admired JS's honesty and accountancy forward forecasting considerations. Lower debt and stronger balance sheet are good negotiating ploys.

Be Lucky

post 21.56 "I did not post yesterday or today before trading closed, so as not to inadvertly (sic) influence anyone."

Delusional.

*I think he's slipping. He missed the Covid induced savings on coffee and biccies at the AGM.