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Rookie1, still holding your latest purchase?
I'm shocked to see the closing price. It looks like EIG and shorts are attacking the SP.
So tomorrow open is at 450p!

Yes, it is on Sky News Live Updates page where Liz and all of Tories applauded for Liz opposing Wind fall tax!

I don't know what the panic is causing the drop in SP but clearly HBR is raking in record amount of cash.
The gas price is at 400p around still and HBR reduced the debt at 200p/therm gas price.

We have dividends and buybacks too so where else would you want to invest?

It is clear that Liz is in support of energy producers and that's all we need.

When we have another go to 490p, we may hit 500p and break that resistance.

CW, traditionally pumping the money causes inflation as money is given to people who would spend causing demand to grow and with supply bottlenecks, prices rise.
But now people are conscious of the prices and inflation and I can't see demand outstripping supply so that means inflation will remain stagnant at current levels but may not go down quickly but atleast that will give room to BoE to play around with interest rates and probably not rise the rates sharply. There could also be growth with inflation stagnant and rates stagnant and that will help pound to stay strong.

This bailout package will also help UK not to bend to Putin's war so Putin will have to retreat although that may not happen soon but alteast the impact of war on energy is mitigated with this bailout package.

If any other black swan event comes up then another bailout package should not do any harm! :-)
Remember we never made a dent to our trillion pound deficit and still we had low inflation and low interest rates.
As long as the demand doesn't outstrip the supply, inflation remains low and interest rates remain low, there will be growth which will eventually help reduce that deficit. Also the current bailout package is to be repaid by some of those who receive it like the small businesses.

A bounce in the market will happen after the announcement tomorrow.
I'm still stuck in other stocks to avg down here but will do soon.

Clearly Liz energy plans are being seen as favourable to energy sector, gas is now 450p/therm

I'm absolutely shocked to see 28p already, another 5% down.
We have a short attack clearly.
It is down 15% from a high of 33p.
Profit taking will not cause this big drop.
Short squeeze to happen at some point.

From the Times article -

He has said his goal is to turn EnQuest into a global company and then to sell it, but meanwhile there is plenty of scope from mopping up unwanted wells around Britain, as well as exploiting alternative sources of energy.

While, like any oil company, for the foreseeable future a large factor in the shares is the high price of the product, the attraction of EnQuest lies in the imagination and ability to deliver of its management. So far, so good and an enterprise value of £1.85 billion, three times the market capitalisation, gives a decent cushion against the constant threat of squalls.
ADVICE Buy
WHY An imaginatively managed and nimble operator that offers good value at the present share price

Thanks moon81111
For the sake of dividends, there should be some buying tomorrow.

WT already priced in and Liz plan is to borrow money than taxing producers and this will be confirmed on Thursday so am thinking SP would rise on Thursday although opens up 9p less the dividend price?

If producers can still sell gas at higher rates as govt plans to absorb the cost, this will be a very good news to HBR.
Liz said she want to encourage and support producers than taxing them so probably compensating Windfall tax with this new plan?

Also even a price cap at 200p/therm should help generate massive cash for HBR like it did in first half and reduced the debt!
FTSE 100 entry on Sep 19th
We have buybacks to pick the sold shares.

There are many positives to look forward to!

For me, it is a moment to celebrate as that guy has caused so much loss to Airlines due to his poor decisions during pandemic!

Ok thanks Bot.
I was considering this bailout package as Quantitative easing that was adopted previously to boost the economy.

I think the idea behind bailout is that if we cap the energy prices with the bailout package then inflation is immediately under control as Citi was predicting 18% inflation due to higher effect prices of £6000+!
This high inflation is immediately halted with the bailout package.

Now 130bn package is added to the existing UK deficit of £2 Trillion. Inflation was low and interest rates were low even with trillion deficit? This is because UK economy was growing albeit few quarters negative but over a year there was growth and higher GDP will eventually help in reducing that deficit.

So with the bailout package, recession is avoided and there will be growth, pound stays strong, interest rates need not be increased, inflation under control and seems like everything will be normal?

Guys, correct me if am wrong, if one holds shares after close of play tomorrow then you get dividend even if you sell on Thursday right?

From Bloomberg -

Under Truss’s plan, energy suppliers will be obliged to charge households and businesses a reduced rate for their energy and the government will guarantee financing that will cover the difference with what they would have charged under the previous system, according to the documents seen by Bloomberg. There’s the possibility that this could push up wholesale prices.

The risk is that when energy suppliers come to the market to buy energy on behalf of their customers, sellers will be tempted to offer at a higher price, knowing that the government is on the hook to pay.

“The risk is that we will introduce buyers who will now buy at any cost with the government money -- so sellers may hold back and drive the market up,” said Tony Jordan, senior partner at Auxilione.

What Bloomberg Economics Says ...

“If her plans materialize, the emergency relief would be similar in scale to government support during the pandemic. That would drastically change the economy’s outlook. In this scenario, inflation won’t rise much further from current levels and the Bank of England’s 2% target would be in sight within a year. A recession is also likely to be avoided. For the BOE, it would reduce the chances of a 75-basis-point hike in September. By raising the risk of the the economy overheating, however, the flipside could be higher rates for longer.”

Bailout of £130bn will just add to the already existing £2.3 trillion in national debt, which we will never pay off and neither US does pay. When Biden is printing the money to prop up their economy, why not we do it?

Good bold decision by Liz.

Only worry is interest rates remain at current levels and we will not see 0.5% and 1% rates never again!
Bloomberg says BoE 2% target is within a year! As long as we don't see rate hikes, I think that is good for overall economy.

RR back to 90s soon.

Bloomberg economists says this -

“If her plans materialize, the emergency relief would be similar in scale to government support during the pandemic. That would drastically change the economy’s outlook. In this scenario, inflation won’t rise much further from current levels and the Bank of England’s 2% target would be in sight within a year. A recession is also likely to be avoided. For the BOE, it would reduce the chances of a 75-basis-point hike in September. By raising the risk of the the economy overheating, however, the flipside could be higher rates for longer.”

This means people will have more money, which implies more demand and we have OPEC cut their supplies.
Russia still sanctioned and with Lizz plans, sanctions will remain forever on Russia so no Russian oil coming into West so the oil price will continue to remain high at $90 and above, which means ENQ SP bottomed.

Next thing is US SPR reserves declining and after mid term oil back to $110 atleast.

Tomorrow broker ratings and can't see Barclays coming up with any more ridiculous targets after their last stint which was disastrous and no one would even bother with their ratings this time.

We just need JP Morgan to reiterate 42p tomorrow or in next few days.
Oh another things, AB purchase could come too tomorrow.
FOMO should kick in soon.

Bloomberg economists says this -

“If her plans materialize, the emergency relief would be similar in scale to government support during the pandemic. That would drastically change the economy’s outlook. In this scenario, inflation won’t rise much further from current levels and the Bank of England’s 2% target would be in sight within a year. A recession is also likely to be avoided. For the BOE, it would reduce the chances of a 75-basis-point hike in September. By raising the risk of the the economy overheating, however, the flipside could be higher rates for longer.”

This means people will have more money, which implies more demand and we have OPEC cut their supplies.
Russia still sanctioned and with Lizz plans, sanctions will remain forever on Russia so no Russian oil coming into West so the oil price will continue to remain high at $90 and above, which means ENQ SP bottomed.

Next thing is US SPR reserves declining and after mid term oil back to $110 atleast.

Tomorrow broker ratings and can't see Barclays coming up with any more ridiculous targets after their last stint which was disastrous and no one would even bother with their ratings this time.

We just need JP Morgan to reiterate 42p tomorrow or in next few days.
Oh another things, AB purchase could come too tomorrow.
FOMO should kick in soon.

We just need a 30p close or there about and tomorrow should bounce as those who sold will be quick to buy back in.

Also a broker rating tomorrow to come so that should help the bounce.
Liz do not seem to introduce any additional tax on producers so that should help too with the bounce. Infact if she says that they are withdrawing the WT like she campaigned then 40p easily ?

Liz Truss's energy plans will involve a price freeze of £2,500, Sky News deputy political editor Sam Coates has learned.

The £400 universal payout from the government will also remain.

This will be paid for by borrowing, rather than through a levy on tax.

It is expected that this will cost around £100bn

Stumpy, yes there is a fear on how Liz will handle energy bills and it is the price cap on the gas that they are targeting.
ENQ is heavy oil so any action plan from Liz should not have much bearing on oil?
OPEC is the one controlling the oil price and they have already cut the output and they will ensure $90 oil for the foreseeable future which would be really good for ENQ.

Still the drop is overdone after such good results.

oil down 3% but still above $90 and ENQ is down nearly 6.9%!
FFS ENQ reported double the profits and not loss! How can this go down so much?
Bloody Barclays are shorting? Idiot James was proven wrong with his ridiculous targets and shamelessly will come up with another ridiculous target I think.

JP Morgan reiteration of 42p would be nice

I'm back in at 468p!
Ex-Dividend this Thursday.
Tomorrow we could see rise back to 480-490p
GLA