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I look at supply and demand fundamentals. And I say oil will continue to go up.
You are entitled to your opinion. Go ahead. Short this at your peril.
Time will tell who is right.
MrC. Don't mind L3. He was on here a few months ago when oil was in the 40s saying Enq should sell a lot more of Kraken to Cairn to pay off the debt. Lol.
Oil prices are trending upwards. Almost ALL news is supportive of higher oil prices. And Enquest remains disgracefully undervalued. That will change very soon.
Yes MrC. The purpose of the placing was not primarily to raise cash but was an obligation by the lenders. The last thing AB wants is for it to be placed at a bargain basement price. He owns 10pc of all stock! Enq is swimming in cash at this oil price. This was a good deal. The SP will start to rise / reflect this, as soon as more of the stale and ignorant investors sell out.
Hitman Can you please give the timestamp for the comments you said were definitely made by Linda. I have tried but can't finded it Thank you
I can't help but to think there's something holding this back. Maybe derisking going on or a sell order that's been waiting to be filled and now soaking up the large number of buys.
Either way, this will fly very soon. Seems to be like a coiled spring at the moment.
Just topped up.
Good luck to tullow and premier and I'm pleased for their shareholders for the rises they are seeing. This does not mean enquest is a worse investment because it's not risen as much today. There is plenty of potential good news to come and of course the chance of a merger or takeover. Be happy that oil is rising and we continue to pay down the debt which is weighing is down (until next year when things will change).
Best to not look at the share price so frequently unless you plan to imminently sell.
Go tell mummy. She will make you some of your favourite cookies to make you feel better.
Or take shax advice because he such a caring person who wants the best for us all.
Halloween has past but all the ghouls and trolls (new and old) seem to be coming out this week!
Ron I agree with everything you have written. We've been through quite a journey this year and are standing strong thanks to quick and effective decisions made by the Management team.
I agree Mavrick. We should not be making any hasty and drastic decisions in this covid world where oil price and as a result the market cap are low.
50 dollar plus oil and Enq will be paying off larger chunks of debt every month.
I think oil price will be much higher but first we have to see the back of Covid and the Americans and Indians back to work and back to normal oil use.
Volume remains low and I think we should be reaching the bottom soon.
Unless you plan to sell in the foreseeable future, these market shannanigans shouldn't matter.
Seems to me that MMs are trying to trigger stop losses and pick some pockets.
The volume is woefully low and only those who desperately have to sell are selling.
Don't forget the reason you invested in Enquest in the first place.
Ammu I'm quite sure you probably don't even have a single GCSE. Why would anyone care about your opinion on whether Enquest will imminently raise cash. Stick to playing marbles and reading comics.
Most of Cairns production and income is from Kraken and Catcher.
They are not known for being an operator so not sure they are a good example to use.
When Enquest pay down more of the debt, the game will change. A higher oil price will help us pay down debt quicker and attract more investment.
Oil price WILL rise because of the supply issues and demand returning to normal.
I suggest you study AB comments in this article again for your answer.
https://www.petroleum-economist.com/articles/corporate/ma/2020/buyer-s-market-for-ukcs-sell-offs
No company can afford to get their cheque book out these days. And AB is looking at creative cheque book free solutions to grow production base. It's like making a cheeky auction bid in the hope the buyer is desperate enough to accept. If he doesn't accept you simply walk away look for another bargain.
Chilting "I just say it as I see it - regardless".
That wouldnt be so bad if you were more balanced in what you were saying. Talking about fall in demand and Brent remaining until 2022 and ignoring supply OPEC cuts (over 10 million this year). AND that inventories allready clearing up. Talking about Equity Raise when the company said this wont be required (see ZFG email and analyst call).
No agenda? I think you do have one having sold out and spending most of your time on the messageboard spreading negätivity. But in your words, "I just say it as I see it".
I don't find it surprising at all that those who have sold out (or want cheaper entry) are the ones who mention the words equity raise whilst also being negative about outlook of Brent.
You dont have to be a detective to know that demand this year has been difficalt on ALL producers. But the largest consumers can not remain locked down for too much longer. China is almost back to nomal and is buying as much of this cheaper oil as they can. India and other large economies will have get back to nomality very soon becose their people and economy cannot survive in lockdown. Planes will have to be up in the sky soon too or the whole global hospitality industry will colläpse. Vaccine will help with all of the above.
As my frend Jan says. Its all about the oil price.
L3 "it depends on the price isn't it? That is the way companies buy or sell assets."
I'm not sure if you've noticed that we are in Covid economic environment where companies are out looking to strip desperate companies off and noone will pay anywhere near true value for a share in Kraken. Very naive.
L3 Having now got an asset which is performing almost perfectly why sell any of it? We took the risk of the large start up costs. Selling part of it now would not be very bright.
As for our debt, we do not have any immediate risk (27 dollar breakeven), so why panic now?
Why are you trying to make the situation look a lot worse than it is? Did you even listen to the analysts call? There is no immediate danger unless oil price drops. But oil price is likely to improve now Covid situation getting better with vaccine nearby.
Don't waste time with your rambling long emails. People can see through them.
Just because someone says they own shares doesn't make it true.
Agreed squif.
Bressay has given us the potential to grow. And so will other deals we recently completed.
We should now be ruthless to get hold of some cheap bargains or walk away.
L3 you seem to think it's clever to sell off more of kraken to Cairn. Are you being serious? Lol. We have finely tuned kraken and it is providing guaranteed income. And we are looking to grow not reduce our resources. D- for you.
Debt is being paid down. And it will be paid down faster when oil price recovers.
Well said squif.
The share price has not recovered from the Magnus rights issue. Another equity raise and loyal shareholders will suffer badly.
So while new shareholders will love the idea it's time to start looking after loyal shareholders.
New deals will add lots of value but hurt us.
I agree that there are many wolfs in sheep clothing on this messageboard who hit us with accounts figures to show off their cleverness and to add credibility but have other motives.
We are in the hands of the oil price and if that is kind to us we can easily see 60p.
We will get to where we want. Listen to management and not failed accountants (squif hit nail on head) who come on to this messageboard trying to scared you.
Pelle You sound like a broken record constantly moaning like an impacience old man.
The lack of hedges didn't stop you from investing you and your family money into this company did it?
Why not just sell? Go for another company? I telled you why because you are greedy natural moaner and don't understand what investing means.
Give it a rest