Member Info for Simplyme

Used to be an investor here and keep an eye on it as looking to come back in. I think just after results may be the time as I can see lots of potential as oil price keeps high. GLA - hope this works it for everyone

https://finance.yahoo.com/news/world-top-oil-guzzlers-surpass-210000936.html

Yep - only way is up - demand is rising faster than supply. US up, China up and India up - the big 3 - start polishing….,,..

Don’t know why anybody is concerned? The draw tonight and next week will be huge and oil price will go to $75 and the so back to 24p- no concerns. GE complete and then another slight increase- as said before 30p before Christmas and if wrong quote me!!GLA

And yes aware the dividend would decrease every year but would still over the 4-5 years with dividends be substantially more than the current sp.

Agree - just highlighting that as a possibility. Then if we were debt free and paying dividends we could if oil stayed the same price probably pay a yearly dividend equivalent to our market cap (based on simply running down our business). Agree some debt is good for maintaining/adding production and growing the business but simply demonstrating that the situation here within 12 months could be very interesting and if we simply ran it into the ground would still earn multiples of the current sp in dividends!!

Or an alternative - oil goes up by another $10, production slightly better than you state and we are debt free in just over 12 months with a dividend ready to be paid! That is not far from reality either especially the oil being higher priced as demand comes back faster than anticipated as supply is still lagging.

Doubt there will be any offer - or acceptance of any stupid bid as they are still turning the company around and I am confident that the next update will be very positive and perhaps (whisper it) a return to growth!! The company is making good money, good FCF with no debt issues for years so will keep growing slowly and paying good dividends. Unless being bought for breaking up then I see limited value to most companies and once on o e system the synergies will
Improve and a more rapid rerate. I expect around £6 by Christmas but will depend a lot on the trading update

Never mention another share yourself then - YOU brought it up and were factually incorrect - stick to TLW as you state yourself

And yes I expect tlw to be over 60p again by Christmas if not sooner as it hopefully will increase production and Poo will increase - not derailing but just ensuring statements are correct as not to mislead others. I have posted here numerous times in the past and do believe int he company and Rahul

And yes with hedging over $60 - perhaps if you referred to the correct year it would help as in 2020 it was what you stated - feel free to admit you were wrong!!

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

Depends on size of discovery! Also on timing for exploration- how long before it makes money! All subjective but if the find was large enough a mc if £100m is feasible

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 - GE completion soon is key! Debt down and some higher production also from Malaysia in near future. As stated in 12 months time this company will be transformed from the ugly duckling

Believe it is usually mid- end November but happy to be corrected

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.