The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
And the open offer to shareholders was a net benefit as we got to buy shares at 19p - I would be happy if tlw done the same and offered discounted shares to shareholders.
Here’s hoping our forward plan is good on the 15th gla
And from half year results rns
The Group's average realised oil price excluding the impact of hedging was $67.3/bbl for the six months ended 30 June 2021, compared to $39.9/bbl received during the first half of 2020. The Group's average realised oil price including the impact of hedging was $62.8/bbl in the first half of 2021, 44.0% higher than during the first half of 2020 ($43.6/bbl).
Please state facts tango- cash or provide evidence and not state things from months ago such as when the placing was!!
From 23rd July rns -!yes July when so was 21p
On 30 June 2021, EnQuest PLC ("EnQuest", or the "Company") announced details of a proposed underwritten Firm Placing and Placing and Open Offer (the "Capital Raising") to raise gross proceeds of approximately £36.1 million ($50.0 million), approximately £18.0 million by way of a Firm Placing of 94,852,612 New Ordinary Shares and approximately £18.1 million by way of a Placing and Open Offer of 95,269,772 New Ordinary Shares, in each case at an issue price of 19 pence per New Ordinary Share. The Open Offer Shares were conditionally placed with Conditional Placees, subject to clawback to satisfy Open Offer Entitlements taken up by Qualifying Shareholders, pursuant to the Placing.
@tango-cash- I am an investor in both tlw and enq and hope they both go up. However please don’t make up lies about other companies whatever your stance. Enq done a share call at 19p over a month ago at less than a 10% discount and dilution took place at that time not recently. Their hedges were not at $ 40 average either as you state they had an average Poo average over $60 as is in their recent rns. I want both shares to do well and we don’t need untruths being told about either company. Gla and let’s state facts
Honestly who cares??? This dip will be short as the so will rise with the GE sign-off and the next update. We all know the figures and the fundamentals so who can’t see 30p before Christmas?? Patience is a virtue
Agree and no date is known for this yet - or does anyone have an update on this? Am not invested in PFC at present but was in recent past and lack of information on the case is a concern to me (as well as no recent big contract wins). Believe once sfo case is resolved and if the penalty is not too harsh (or none) then this so will fly as fundamentally they would be solid company again with a better future and I would be back investing here
It is not up to is to decide what tests are required to visit other countries so PCR tests will be around for a while - just had one as going to Turkey and it is their requirement not ours - I also need to get one for my next onward journey leaving Turkey etc. The UK does not decide all testing.
Yes - look at a week, month, 6 month period - who is up more? Daily swings don’t matter unless day trader. FYI- I invest in tlw, hbr and enq and they all have pros and cons and different levels of risk and also strategies. At present I think they should all uptrend (esp tlw as it has dropped so much recently). Agree Ammu should have not annoyed others including on this board with their comments but this makes you similar to them - think about it? Are you adding any value?
Don’t post often here but do read the comments most days as it is a very active board. I am invested and thought the price would be higher on the fundamentals but also agree that sentiment is important and that this does seem to be priced low. However if the results come out tomorrow then this should put some meat on the bones and hopefully give some insight into the future. If positive and backed up by numbers then the share could substantially relate upwards. However if just numbers with no future strategy (the norm) the sentiment may not improve that much irrespective as much as the figures may suggest. All I am saying tomorrow should be a huge day and the figures and sentiment may change (both ways) - agree hard to see it going lower but there is some risk although I do see the top side as a more likely outcome. GLA - we all want to make some money and let’s do it without bickering - ALL views are valid in my opinion
It is usually around 300m per year ( normal times) but now I would suspect will be more like 100m at present - say 2m per week https://www.airportwatch.org.uk/recent-airport-figures/
I personally will keep top slicing - 20% at £5.40, then 20% at £7.20, then 20% at £10.80. My average is £3.60 so then I will have 40% of my holding with some profit and a free roll. Hence if anything goes wrong I can’t lose. If dividend gets paid in future I could hold forever
Why? Was invested here and sold out but still look at. The oil industry will shortly be asking for a or more work from companies like PFC as at anything above $60 they all make plenty FCF and will wish to make more profit so more projects will soon be forthcoming. Think it is near its bottom and actually expect oil to increase this week as the market digests the fact that India and China have no Covid issues and USA and Uk have limited hospitalisation so economies will countries to open up and oil will become scarcer. May drop slightly from here but in general can see more upside than downside at present GLA
Who cares about the price of oil as long as it stays above $65 which it will! Plenty of FCF and substantial paying down of debt and once GE comes online we will be pumping black gold circa 60k. I can see no downside long term no matter what as even at $50 we are fine and have no worries financially except too much money coming in at these high prices! Honesty hold and you will definitely reap as oil will become scarcer in the near future if we learn to live with Covid (ps there is no other option - top tip)
Agree with all that has been said - i have top sliced at this price and putting in mcro for about a week only - expect results on Tuesday or so and expect a 20% rise but as usual DYOR - then back out of mcro and back in here!!