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IF AB made a play for enquest at 25p a share then i think we would have grounds for shareholder class suit. He really needs to sell the value of the company to attract broader shareholding.

Its a mystery - hopefully a rns stating that problems are resolved and plateauing at 45k would out the market at ease. Great work with tanker spotting chilts.

Apologies - I see my mistake. So 2bn for 60k and 135 2P and unclear on the 2C. The production costs were to be somewhat lower (17 a barrel) but Enquest should be averaging about 70k and 245 2P reserves so conservatively Enquest should be valued at 3bn and our EV is 1.72 + 0.4 = 2.12. Something definitely doesnt add up.

Nevertheless, i agree that enquest is undervalued so IF enquest can deliver as promised then we should see the sp Rise despite what is going on elsewhere

And now most are talking about a surplus next year despite Venezuela and Iran with non Opec production growing to 71.9 mboepd and demand at 102m. That leaves Opec where it currently stands at 30.1 mboepd. The growth from shale is relentless

PE for hurrican is 26, pmo 7 and enquest 2.5. Nevertheless, i think that ithaca deal for chevron assets pushed the ev for enquest down. Paying 2bn for production of 80k and 2p of 225m in the North sea is about where enquest ev is at. Can imagine that delek has been pushing the same offer to AB. So IF we can push net debt down to 1.5bn by year end we may push the sp to 25p. That deal was with brent at 70 so with brent above and Below that will impact. IF we can get net debt down to 1.2 bn next year then sp would be 40p. Heartbreaking but life is full of choices and this is the reality....

Great news chilts! Well spotted. The sp must start heading North eventually

Like your narrative jan

Its a conundrum Jan - i think it is all basically made up and i think the bloomberg article highlighted that but the story is frightening - record production with diminishibg count - enquest will be crushed...

Hi mo - interesting that but i think the conclusion is that the majors have moved in and they produce much more with a lot less. Frightening!

Interesting that Bloomberg is picking also up on the oil inventory manipulation. https://www.bloomberg.com/news/articles/2019-06-06/24-million-barrel-question-where-is-all-that-missing-u-s-oil

KO - why do I need to sell out? I am waiting for the returns that you all have been writing about - 60p party remember. Why the constant slating - I do not think that the sp performance is acceptable. I have seen no evidence of us going to 60p or even 40p after the split. AB needs to hear that the performance is not up to scratch. Nevertheless, I have drawn down my comments as I understand as you have written before - made my point. To blame poo and debt level for our woes is to draw attention away from the problems that AB needs to address. PMO has a higher debt and strangely is paying it down at a significantly greater rate. Where is the money going? I agree that we need to wait for the half-yearly report but we should have paid down more than 50m. Have they been paying down current liabilities? I need to wait and see.

Hi bulent. You would really think that 5 years of falling hopelessly behind peers would suffice and AB buying stupid amounts of shares would indicate that we should Rise but poo should weaken in q4 with us pipeline capacity so huge risk for falling

Ko - i am not asking AB to do anything about the price of oil i am asking him to do something about the sp. Look at other companies where the sp has Done very well this year despite the low poo. That is the responsibility he bears as CEO. We can write reams of analysis and text but IF at the end of the day the sp Heads south 9 days out of 10 then the buck stops with the boss. Or maybe you dont care re your capital destruction.

No one pick up that ricketts checked out yesterday? Only AB buying - why dont other directors believe more in the company

:-). Jan - inbthe case of enquest the current price is always less than the price paid. We just go down....

Lol loveyou. You love yourself but not this dog?

Where it stops nobody knows?

Lol ko - we should be calling you the rocketman.

It seems like Trump has got his way again and poo heading down. Will be interesting to see what Opec+ come up with. Hopefully deeper cuts. The spr must be taking a hit