Member Info for Squif

Cant believe what has happened the last 3 months. Absolute shambles. How can oil go down like this?

Thanks chilts. At least the underlying production is performing well even IF the markets have gone mad.

Will that be at 12 or 15 days? Have seen Both written up.

Thanks monkey. It is what it is. At the moment enquest is very much at the mercy of trumps tweets and poo. Hopefully poo will Rise and that will lift enquest.

Thanks pelle. I felt i could have been a bit off there. Little rough guess on average price - have calculated once. Before RIs it was over 1 pound and he had something like 70 m shares. The remaining 80m he has bought on average for 22p so maybe he has invested close to 80m.

I calculated once that his average was around 50p. Simple calcs is that he has invested 75 m gbp which is now worth 30m. I think his salary and comp is about 4 m a year so he is probably down roughly 15m

Agreed DB. There is a lot of algobottrading. The sp doesntrepresent the marketcao however it is an indictment of the strategy that we are below Ri price.

Hang on. Dont be judgemental with krakenoil. He is reacting as any normal investor would IF the sp halved and Corporate promises were unfulfilled. What is strange is people on here who shrug their shoulders and write about hedging or other matters. I think that brexit is playing a huge role as is general uncertainty. We will see what happens when it all settles down but yes it is not normal

Me neither Jan. Well good luck. This is a real bloodbath. Obviously i wish all well who is truly invested here (have my doubts about many) as i dont buy that many take this matter of fact.

Is that why you have 12 posts to your name monkey? I can even point to your first post 2 weeks ago. Liar!!

Northern - you werent even around when the sp was going well. I have been here for four years. What i find unbelievable is everyone who posts such matter of fact posts like you are watching paint dry. You have no skin in the game and probably are the ones shorting. Jan - thought you were eating at m&s? Obviously that was a story for last week :-)

Krak - sadly i am starting to think that we are overvalued now. Back in 2016 we had high hopes for the management and the price of oil was heading North. AB was talking about paying down debt at 700m a year. Now reality is biting, poo is on the way down and management is floundering. Rumours of write downs on kraken due to issues that management side steps. This is the final countdown. 22 yesterday, 21 today...

I think that mo know something. UK stocks are totalt trashed by the market but this is simply breathtaking.

Thanks for the advice gkb. I continue to hold as i believe that as soon as i sell the market will turn - murphys law. Nevertheless, given the speculation regarding kraken writedowns i am very suspicious that this is what the shorters have informally got hold of - they always get it well in advance of shareholders.

Enquest is a joke. There is no substance in the company and shorters have complete control over the sp. When writers come onto this Website and claim that the sp is going to 17p i can fully buy that. This is dead.

So obviously enquest can do very little about the poo but how on earth are we at this point with a Mcap well below the supposed npv of an asset we just acquired. Admittedly that npv was based on poo at 65 or 70 but this is ridiculous

The oil market is potentially one of the most corrupt markets in existence. Analysts can basically write whatever they want to move poo up and down as you weite heardy. I think that many of these inventory reports are made up - the api report is as useful as a sundeck in winter. And now to top that off we have numpty who can push the poo down 2 nicka with a one line tweet

Yeah - that confuses me too. I am surprised that we have not seen more declines from other assets. We have had significant declines - of course a lot of projects like kraken were started before and during 2014 and are getting delivered now - will we see declines during 2020?

More doom According to Rystad Energy, OPEC+ would need to cut an additional 700,000 bpd in order to balance the market and bring Brent back up to $70 per barrel. “The OPEC+ agreement predictably came up short of what Rystad Energy argued would be required to fully balance the market in 2019,” Bjornar Tonhaugen, Rystad Energy head of oil market research, said in a statement. “The agreed production cuts will not be enough to ensure sustained and immediate recovery in oil prices. The muted market reaction seen thus far comes as no surprise to us.”

Yes but havent you read all the speculation about oversupply h2 next year. Us will significantly ramp up production with 2 million barrels and demand will only increase 1,2. Opec needs to cut by an additional 700k barrels in addition to Iran sanctions. Then you have the nopec legislation that is coming