RE: Minerb27 Jan 2019 19:28
Minerb, can you please let me know if the current debt is serviceable or not given the production guidance by ENQ and with POO being at around $60?
I do not think POO could go under $50 as the whole point of OPEC cuts agreed in December is to have high oil prices and as the cuts are already going on so with POO at $60, do you think ENQ can manage the debt going forward? I don't care about the broker targets as most of the times, they don't get it right.
Also why do you talk only about AK? What about the prospects of Magnus? Do you not see the brighter side for ENQ with Magnus?
It is also bit annoying from you to always mention about the broker targets as those targets are only temporary. None of the brokers said that ENQ is going to bust in next few months! As long as the debt is manageable, there is no need to worry about the current SP as it will rise eventually with POO.
Bring on 60p!