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Hitman you have no credibility left.
You have make the very wrong predictions every time.
You have been talking about 15p will be achieved at end of year. Then you say 25p end of year.
Now you are talking about 45 dollar liabilities. You know nothing about what you are talking about.
Nobody believes anything you say as you talking the nonsense always.
My mother always said it is better to keep your mouth closed when you have nothing useful to say.
The share will reach 20p when the confidence and the buyers returns and when the virus disappear and vaccine is made. Not because of 1p every dollar rubbish you make up.
It doesn't move markets but it causes people to be scare. So don't do it.
You are selfish and have no patience and moan like a baby for over 1 year.
You are telling lies again or do not have any understanding of oil. Thistle and Heather can comed back on line early in 2020, so litmited oil loss and you conveniently forget to mention that there will be additional wells drilled and therefore the production will go UP.
As for Barclays. What do they know? They had a 15p price target also. Do not use this to proved you are not ignorant.
You pretend you know about oil but are just making things up all the time and guessing.
Why do you believe what poster said that IR said to them? You are not very clever to say this.
There's nothing to say they can't do both.
You may not care about dividends if you are a retail holder. The ii /bigger holders most certainly do. And if they leave, the price will collapse.
Announcing dividend and paying dividend are very different things.
They can announce in the 2020 AGM that there will be dividends paid in 2021. This will make many institution investors interested to buy Enquest because they have very long time horizon. And 1 year will be nothing to wait for them.
They can definitely make this announcement if they are getting a reasonable premiums for Kraken oil (very likely) and hedging is sufficient (very likely).
Then the Shareprice will fly like a rocket.
1) What would you like AB to update us on that he hasn't already at the AGM and via latest update?
2) and will the additional update stop the market manipulating the share price?
3) Do you not think that the market are aware of AKs recent performance?
4) Do you not think the volitily of the oil price (out of ABs hands) has a big influence on the share price?
5) does AB investing his own money not give you confidence that the perfect insider is confident enough to buy at these prices (and unlike you is not waiting to buy at 17p)
6) if you are not not a trader and not worried about day to day movements why not just wait until the end of the year when we reach debt targetes before getting desperately frustrated?
Your answers would be greatly appreciated.
Ponzi, if you think this Enq is going to reach 17p soon, wouldn't it be wiser to sell out now rather than stay invested in this company that you are distressingly unhappy with?
Could it be possible that you're actually waiting for a 17p entry and therefore trashing the share? No, surely that couldn't be the case!
Thank you L3 for taking the time to read my posting history, considering that you must be a very busy man.
I was vindicated in my Ferman assertions. He foolishly showed his colours quite blatantly in the end. You on the other hand are being more devious in trying to hide your attempt to negatively affect the sentiment on this messageboard and instil doubt. That is as clear as can be. I'm not a numbers man but your previous suggestion to hedge at 65 and now saying 70 is, well, er interesting. But then there's a reason why you were busy posting all weekend and not running an international oil company.
Romoran saw straight through you and now you are trying to discredit him.
The fact you claim you're going to stop posting at the exact time that Enquest SP is now rising with the brakes appearing to have been take off speaks volumes. Coincidence?
This is all good news for anyone invested in Enquest.
L3 you are quite a rotten and arrogant soul. You cannot accept anyone that disagrees with your way of thinking. I find it fascinating how you appear to spout negativity at the times when things begin to look optimistic here. Romorans posts are classy and well thought out. The fact that you have to look to Squid for support and verification tells it's own story. I also find it telling that you were on here most of the weekend injecting doubt. People on this messageboard can no doubt see straight through your motives and agenda.
I see L3 is back on here trying to spread doubt and fear and misinformation on here again.
Fernan and L3, I assume that your distrust for Enquest management (lies and tricks as you put it) and disappointment with technical performance means that you will be exiting your Enquest position, correct? No, it won't. You will continue to stay here and spread misinformation and fear. It's all you have ever done.
I concur DD. One of the main issues I have with L3 /Oiluser, Fernan Hitman etc is that they (pertain to) know the raw numbers but do not have a clue about the sheer magnitude of what the technical aspects of a multi billion project such as Kraken involve. It is not like other industries where you can pull a lever and it all works or change a few parts and it solves the problem. Or where you can call an IT specialist to develop some code. Enquest are using the best technical expertise and experience to optimise the fields and fix issues as best as possible. Oil formation takes millions of years!!! Despite the complexities I believe they will achieve the success (for all of us) and that is why I'm invested for the long term and don't care about the short term share price or what Mr Market values us at. It's been an incredible (and expensive) journey to survive and get to where we are. Now it's time to reap the rewards provided people are patient. L3 stated yesterday that he think 45p is great value for a takeover. Do I need to say more?
L3 Everything seems to worry you about Enquest. Seems to me you are either overexposed in Enquest or constant whining is forbulterior motives. Why not sell up and put more money into your favourite stock Genl? I'm sure I'm not the only one who has spotted you have an agenda on this messageboard.
I think a lot of it is indeed noise. Selective bearish news is being released while the bear case has for most part been ignored. I found this in Reuters interesting and very relevant "While spending on new and existing oil and gas projects globally will rise 5 percent this year to $480 billion -- nearly 40 percent less than in 2014 -- investment won’t hit the $600 billion the industry needs annually through the next decade to meet future demand, according to Wood Mackenzie Ltd." Patience needed now.
I think we are all in similar positions. Sitting on PAPER losses. However, let's not forget that the price fall is not due to any particular fundamental issue with Enquest or other oilies. The mighty Shell and BP and all US oil stocks are also taking a beating. The longer this persists, the more chance there is that the elastic will snap and yet more oil producers will go offline. Texas will be knocking on Trump's door. Many jobs are at stake. We have already had intense underinvestment over the past 5 years at deflated oil prices. And high oil prices are not a luxury for OPEC and friends, they are a necessity for their respective countries. The weak and over exposed, the spreadbetters, get rich quick and impatient are being shaken out prior to oils next big move upwards. A few weeks is not long to wait for recovery dear friends. Trading activity is mostly bots. There is no major sell-off. See for yourself. Enq debt continues to be paid off every day with oil above 60. Hedges will have been put in place for next year. Optimisation of fields continues. Directors have been buying. Prices will reverse. Value just doesn't disappear. Jam tomorrow my friends. Good luck and health to all.
Auson, That would make complete sense. That combined with shorters knowing that October is historically a month where the oil price is depressed (and thus send oil share prices down), and predicting not too bright retail investors would be selling their 21p RI shares thinking they have made a profit! And many other reasons only wily Marshall Wace etc al would know.
As envisioned earlier, the shorts are indeed closing out fast. From just over 2 percent (yesterday's declaration) to just 0.78 today. Things will get interesting once the algos have done their job. Hold the line! Good luck all.
Thanks Pelle. I think your figures are very plausible. I had something similar for 2019. Share prices across the sector have taken a beating. But the fundamentals are there and when Enquest production, hedging, debt plans and future projection figures are made official, the money men in the city will not be able to keep marching with their heads in the sand with respect to this profitable company. It only hurts the pocket if you sell. Nice to see a big chunk of the rump purchased by Amjad/his trust. He has all the daily production figures and contact with the city. He continues to snap these up. Not the type of guy that would over expose himself. He is confident. Very confident. And so am I. Will not happen overnight. KO you seem intent on adding negative sentiment to this messageboard at every opportunity. Are your really invested? Give the rants a break please. People who are hurting don't need to hear them. Ok. I'm fully loaded up now. The shorts will begin to close out soon and the SP will reverse as soon as the market has finished doing whatever it's doing. Talk of Iran sanctions and underinvestment will be back on the table soon. The darkest clouds produce the most rain. Hang in there fellow Enquesters!
I agree E121. The current share price only matters if you plan to sell in the next few days or weeks. The fundamentals remain strong and nothing has changed with regards to the importance of Magnus to Enquest and the company's long term profitability. I've added quite a lot more as the price has dropped today and have more funds if it drops sub 30. Many of the statements I am reading on this messageboard are from traders trying to spook the impatient, and also comments from people who should not be allowed anywhere near stocks and shares. "It's all a conspiracy to punish long term holders!". Haha. Unbelievable. Did you expect this to spike on today's news??? Why blame Enquest? You had the choice to sell your rights. 96 percent take up is quite an overwhelming vote of confidence for Enquest strategy and direction.
Fernan, The reason AB didn't give exact numbers is because he may prudently assume that the people like those who come on this messageboard with a negative slant (perhaps on behalf of the people they work for) would see this as a reason to criticise the company even further and try to get the share price lower to benefit their short position / buy in cheaper. I agree that we need to see real numbers and not make assumptions following conversations with IR who can not deliberately give away numbers as this would be share price sensitive information. 'As per expectations means as per expectations. AB has not shared these expectations with us and thus could be anything. Be prepared to be surprised. Have you thought that the strategy may indeed be to under promise, over deliver? Enquest have done a fabulous job to get us where we are and the timing, with Brent 70 dollar plus, could not have been better.