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I believe that kufpec is finanlised hopefully. Yes even at 100 it was a money loser. Unfortunately i dont think ab will step aside but Bob davenport seems to be the goods

Hi pelle. Would agree with those Numbers. So we could target net debt of 900m next year. That could open for a dividend of 10p in 2021 however i am cynical and believe that AB ses that as his money to invest in more production. We need to stop him ;-)

Hi Neil. That would be total not just enquests share. Nevertheless a disaster however when looks at it

Hi l3 - i simply looked back through the annual reports. It is on my computer at home. Will write the breakdown later. As i remember we have got 6 m boe from Alma. What is that in fcf? 180m? I seem to recall the fpso is sold and leased but now that you question it i am no longer sure.

I am positive towards the developments of late by the company as regards kraken and Magnus. I spent time working out how much capex went on Alma and kraken and got about 1.5 bn and 1.4 bn each. With kraken we will turn a profit but Alma has been an unmitigated disaster. Nevertheless, with that Said, the company needs to do a significantly better job marketing how things are going with the company. I dont know why they dont succeed but i feel that AB is not salesman like. I listen to him on the half yearlies and he simply is not a sales Guy. Bob i think is a lot better of the people who have participated. We really should not be sitting where we are today. Something needs to be Done to fix this situation

Something has got to give with the price of oil soon. If they are burning through reserves or even buying oil from iraq which in reality comes from Iran then reserves will be falling. Until proven otherwise the market will buy their stories

Agree with you KO to 100%. It has been going on too long. Now either the half yearlys are a fabrication or manipulation in which case i would understand the broker ratings but i will assume that they are not. Why is he not attracting institutional investors and why is robur selling ffs

As heardy writes if i was AB and the company was getting these ratings i would resign because at the end of the day the sp is the measure of success for a stock listed company but he is not bothered because ......

The spotlight is definitely on this share. If brent climbs into the 80s and we are stuck around 24p there will need to be very serious questions asked as to whether the company has the right leadership in place. Is this a share for all shareholders or not?

As the old saying goes the ends justify the means. Trump doesnt care how he does it but poo is going down.... or he is

L3 appreciate your posts and if you could assess kraken. I will look deeper and see how much has been borrowed and paid in interest to bondholders over the 10 years. Will be interesting.

I do hope that i am wrong pelle but there are no promises only vague statements that can be interpreted as one likes. Anyway step 1 is to return some level of respectability tl the sp. 18.99p is 10% below the Ri level last year. Most long term holders are severely down at this point in time. But short term we could have some fireworks but i suspect that Trump is already scriptkng his next tweet to hold brent down and possibly even push it down. Dont underestimate the power of his tweets. That he his creating a long term mess with world oil markets is another thing. This feels like the sub Prime mess of 2006 - 7. But eventually things will catch up

L3 - i sincerely doubt whether enquest will pay dividends. AB wants to grow production as much as possible so all his energy is going into that. He did not pay dividends even before borrowing started in 2012 and enquest had a healthy balance sheet. I bet this will not happen anything soon if ever

Enquest should be set up for a strong run at 20p. Hope we can break through

Deal with Iran looking somewhat unlikely....

Trump has ordered Venezuela and Libya to open the taps again and he is removing sanctions against Iran And has stopped the deal with china so oil will go down on monday and the mid west will be happy

And if oil goes to 100 that is exactly what Trump deserved. He has no clue what is the result of his actions. Michael Bolton tried to warn him. Clueless

Would love it but i will believe when i see it. And then the next question is what impact if any does that have on enquest which has been dead as a dodo since AB king hit the sp with the rights issue last year

Wetting himself. Does he do a backflip and call back Michael Bolton. Iran just gave him the fat finger. But he needs oil low. He will ask Opec to turn on the. Taps and he will find something to keep oil prices capped. He is a c(;t

Love it! Destruction and chaos!