With companies like Enquest I do not believe in divi's. Debt reduction is foremost. The best time I had was when I was able to pay all my bills and have money in the bank. The bank hated it but we were able to expand rapidly through cash flow..
I agree partly but energy stocks are rapidly becoming unpleasant to hold with all the climate change activists. My kids hate me. There are worse shares to hold as for example the Whitby miner.I sold mine at a huge loss because with no sensible government or one in waiting each day it is getting nearer to a TCG. At least this is not looking the basket case it appeared so happy to hold... Funny old world
You know things are pretty grim when you hear and ex miner say he is considering voting for Boris next time (Assuming of course Boris is still around). I read one minute SA production is going to fall. The next minute it will soon be back to normal and then I think its all B"llocks . I have told all my friends that I am going gender neutral from this weekend and should then be addressed as It.. Yes It!! This seems totally super glued to the floor so have decided to switch off once more... Cannot take any more tankers!!
I just finished listening to Winnifrith who says the government should not step in. How can it. It no longer exists? The so called northern powerhouse has suffered an outage and those who live there are hairy beasts of little education. (This of course may be fake news} Then again how would those in the south ever know. Next time I ramble over the national park I can reflect on what it is worth to a foreign invester...
A wise orange man would distance himself from this situation and leave the whole thing to be resolved by Arabs. One wrong move and he risks the price of oil to rocket and although the US of A produces enough to make it self sufficient it cannot field a world economic crisis and rapid inflation without getting wiped out himself. He wants to be re elected to avoid all sorts of things coming out of the ground to bite him on his bum..