Member Info for Squif

How much are you and mrc getting paid by Enquest to write this tripe!!! You are like the woke police. Whenever there is a poor update you come in and put a positive gloss and spin on this. Enough is enough. No everything is looking rosy

How many shareholders are for a full and independent inquiry as to what is going on inside the four walls of Enquest?

I will agree with your point E121 that a big part of the problem is the tree hugging greta lovers. I look forward to when they cant charge their laptops when they want because the windmills arent moving. Yes this is holding back oil shares in general but not Enquest in particular. Despite this challenge were ENquest able to do a better job we would be in a better position.

But why would you simply compare Enquest against NS companies when oil is a global commodity. Are you trying to say that all NS companies are **** so therefore that is the basket Enquest should be compared against? Look at Continental Resources up from $13.92 to $47.51. That is 240%. Gulf Keystone up from 74.1p to 201p. That is 170%. We are bouncing around and even sinking because there is no guidance whatsoever. I assume that no rns has been issued because there is the feeling that they will not miss profit guidance but if production comes in under 46,000 boepd excluding GE that is a miss that should warrant a RNS.

I don't know if it is apathy but to claim that AB is doing a good job because he kept the company from going to the wall is the worst praise I have ever heard. That is the CEOs job and in the case of AB he is doing it to protect his nest egg let us not forget. But where is the growth? He has been running this company for 11+ years and although production is up, profits are down and the market cap is a shadow of its former self.

Yes that makes complete sense to compare Enquest with 2 worst in class oil companies. The directors of PMO should be put in jail for selling out shareholders and Tullow borrowed money up to the eyeballs. It is like comparing someone who weighs 20 stone and wants to go down in weight with those who weigh 25 stone. Is that really what we should be doing? Is there no ambition within Enquest?

Its over kraken. If enquest vannor deliver shareholder returns at $85 then how in blazes is it going to deliver shareholder value. And i know that Pelle Will write that fcf is $1bn but if that doesnt translate into sp going up or dividends what is the point? Where is the Money going?

not surprising given the disdain with which the company treats shareholders. Disgrace.

Zippy - are you honestly happy with how Enquest sp has performed? I guess if you are stoned out of your mind. There are countless examples of oilies that have gone up over 700% from their lows of last year. We are up about 150% and people on this board proudly point at the fact. Is that anything to jump for joy over?

Enquest could calm the nerves with a rns but they don't give a rats ****. We have dropped from a high of 27.5 p (25th October) when the GE rns was released to a low today of 21.9p (12th November). That is around 20%. During that time Brent has been steady. This was 8 days after the last Kraken load and it has now gone 26 days since the last load. Most peers are up during this period. 20% represents roughly 100M USD. The loss of fcf of this delay is 12 days @24k boepd so roughly 10M in fcf. Seems disproportionate.

An IR that cared about its shareholders would put out a statement to calm the market. Enquest does not and this has happened so many times during the years that I can simply conclude that it suits AB's interests

I laugh at you mrc who has no respect for the value of money and seem to be a slave to AB. How do you make money on Enquest when the sp goes down 8 out of 10 days on average? Are you shorting the stock?

Indeed they have. Why else would a company that would produce 800M fcf next year which would leave them with a net debt of 400M and a net debt:EBITDA ratio of 0.4 be valued at this level. It is because no one trusts or believes AB. It is fantasy Pelle

Pelle - the floor is 0p. There is no way Enquest will get 800M fcf with AB at the wheel. Production will come in lower or there will be unsuccessful hedges with money disappearing into his back pocket.

I would embrace a full and independent audit of what has been going on behind the scenes at Enquest. Never before have I read so many excuses positioned as positives in company reports

Not so chirpy Pelle. What are the odds of a dividend at some point in the future do you think? Zero in my opinion.....

Further evidence that AB is not up to the job

I can imagine that we could lose 1K boepd over the course of the year. Not the end of the world but it is once again further evidence for the market that AB cannot deliver.

Its an absolute disgrace. There is always something messing up. Cant close a deal in time, Alma Galia is a pile of ****, still cant sell the FSPO. How in hell are shareholders going to get anything back???? AB should be charged with false marketing by claiming that shareholder wealth is prioritised....what a joke!!!!

The market cap is 585MUSD and the total sum of RI over the past 5 years is $330MUSD. There would be no value without all these monies we shareholders have pumped in. What a clown!!!

What is even more of a mystery is all these clowns who keep on writing up about the 60p party, dividends. Poo is over $80!!! Tomorrow never comes....

In my opinion this grounds itself in a total lack of disrespect for AB as CEO of a company. He manages Enquest like his wallet not as a stock listed company. He springs RIs upon us and dilutes the stock when he wants to lower his average price. This clown has to go!!!

Fully concur golden

Hi Auson - do you really want more posts from Romaron postulating, Pelle clamouring for a dividend and Mrc pushing the IR agenda? I at least paint the story as it really is. I don't know if posters on here are living in self denial but all the while the above post the sp continues to go backwards. Why with all the positive spin that they put on things. The simple fact is that investors both private and institutional have zero faith in AB who has bled this company dry

When was the last pick-up from Kraken? Are we talking about an impact of 1 week or 2 weeks?