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L3 - whats tour take on the mess that is enquest? It feels like AB is visiting the junk brokers to borrow money to pay this months bills... there does not seem to be any sustainability in the business. Do you think things will improve once Magnus is under our wings?

Not sure i fully understood your comments spin but agree with your cork analogy. I wasnt pessimistic before investing in enquest but all this manipulation has snuffed out any illusions that i had on the stock market being open. It is like a casino with large hedge funds pushing shares like Corks :-). Anyway, who knows IF Magnus is priced in. Worth 400m gbp which is less than the npv of Magnus if that is to be believed...

Who knows krakenoil - could be. Regardless forces are conspiring to drive down poo and there with it enquest. Had the company been in better shape it would stand up better but it is weak and falls over like a feather. The analysts see no value in the stock and no reputable company was interested in buying 25% of kraken which says a lot. I admire mo work but fear it is all in vain. Doubt it will be better with dc4. I think people get hopes up here that some miracle will happen but to ABs credit he has not talked up kraken for some time which is fair. I cry when i remember his bold claim that kraken would generate fcf of 700m at poo over 65. Here we are praying for debt to go down by 100m in h2 thanks to all assets!!! What has gone wrong? Bumi delivered a piece of crap and i remember some posters saying they had mates in the industry that had not seen a worse piece of shoddy workmanship...what a mess!

Disco Queen is like Nero - playing the violin as enquest burns

Love it. I think investing in a football team would be more profitable for AB than what he has achieved with enquest.

There is some serious manipulation going on in the oil market. Firstly the run up to 86 and now this swift downturn to 65. I have read that it has been described as a capitulation and I can only agree. Where does poo head from here? Regardless, Enquest must show its mettle. It is enough of poor operational updates, rns, rights issues.

The next interesting thing will be to watch what that weazel does over kashoggi and try and get political points. He has no moral high ground. The people of Pennsylvania made it perfectly clear that someone with no moral backbone was welcome there. How has the us come 180 Degree turn with the Trump?

Trump and the us are gathering enemies. Come march then Opec+ will not respond to trumps twitter demands indeed no one will. Why should they help him now that he has knifed them. He is not fit for office

Doubt it. I think they all believe that Trump will tweet something and it will be all right

The Guy is sly. He has little to no friends in europe as evidenced by this weekend and now he is trying to break Opec by lying and cheating. Well he may have threatened with repercussions over kashoggi but i dont see how he can come back with that now. He has made it perfectly clear that he doesnt value the life of journalists so the saudis have basically got a green light for that. He was killed over 5 weeks ago!!

I think that 64 is what they need to meet financing and debt reduction commitments. That is important. Traditional be is lower but then enquest would not be meeting financing commitments. That is why debt payment threshold for the unsecured debt is set to 66.

The problem is that saudis have pooed on their front porch

L3 - agreed. Maybe we need dc4 to push higher towards 50k a day?

Thanks mo. Yes - slow and steady. So we are somewhere around 37-40k which is getting better. Come on dc4!

So that will be roughly 13 days between milking?

Hi chilts. When will it arrive?

Interesting read about the Shale ponzi scheme https://oilprice.com/Energy/Energy-General/Can-US-Shale-Overcome-Its-Cash-Flow-Problem.html

I hope Opec turn the taps off as well but Trump is like no other politician the west has seen. He is inbyte same mould as Putin and erdogan and msb. He takes no prisoners

Glad you wrote that and not me kraks but my thoughts exactly. Of course AB is making money any way he can on enquest and ledning out stock to shorters as well as shorting it makes sense.

DB - enquest is a trading share. Algobots drive it up and down to make money by moving it 1p a day. Surely will bounce up again soon. Holding long term is a waste of time (believe me - and there are many of us in the same boat who are now talking about shopping at Lidl and m&s). Thanks AB!