Member Info for Stupmy

Could be Auson, I'm just trying to rationalise what I see as a discrepency between ENQ's recovery (and recovery potential) and it's SP. As long as POO stays high, even a drop in wider markets shouldn't (logically) knock our SP too hard as we should not need to raise more money. It feels like a slam dunk to me and I don't feel that way often. Sadly, I can remember one example where a similar feeling was not viewed the same way by the market and I got slapped around the face with a dead fish, very much like that John Cleese Monty python sketch.

Same here panama, I bought a few back at 23ish. I could see it was a speculative entry and that patience is better (i.e. look for a confirmed buy signal that you believe in). My intention is to add more as I get what I believe to be buy signals. I think this could rinse and repeat.

Price is struggling for the moment to mark a higher high (37p on April 19th is the previous high). If we could move beyond 37 then my data shows a gap on the daily cahrt up to 40p (these very frequently fill). The weekly chart demonstrates a trendline from May 2015 to January 2019 and then a potential 3rd touch (decision point) that co-incides with closure of the gap. To me the weekly chart looks pretty strong and on this chart I'd have thought around 43p would be the first strong technical resistance (tested and rejected previously in Jan 2018, May 2018, Aug 2018 and Sept 2018. As I've said before I'm surprised by it's relatively low momentum with such sustained high oil prices, although the weekly chart looks to me to suggest we'll get to the 43 p mark reasonably soon. If the SP closed above that 43 then based on our major descending trendline, the next major test might be around 56p (falling each week). Maybe this is my self doubt speaking), there is usually a good reason for market behaviour, so the slow rise in the SP might be a warning, although my guess is it's long held positions unravelling. When a SP drops the way this one has, many investors get trapped, lost hope/interest, then try to get out at what they believe to a reasonable compromise to profit and loss. That tends to slow recovery.
Is the AGM on the 19th of May our next opportunity to learn how things are going? After that I have Sept as the next scheduled market update. Anyone know any different?

Jon Lewis selling 570,000 shares isn't great for sentiment, but my guess is that one of the funds sitting on big losses here used the rise to reduce a position in a period of rising interest rates. Probably a cautious move to try to mitigate future losses if the general markets start to fall, but maybe also to have cash on hand for what might be better opportunities. Jon Lewis still has at least 500,000 shares (simply judging from the recent director deals RNS's). If he wanted to drop those aswell, we could see some more downside pressure. If I'm right about a fund reducing we could see a pattern like this repeat so as Sms1 says, there could be some good profits to be had as an active trader. I was lucky enough to drop my positions at 27ish on limits. I was away from the computer and gutted when I came back and thought I'd missed the opportunity. Was good to realise that I'd simply forgotten I'd put limits in place.

I guess it's some kind of lack of confidence on my own part, but I still can't see why this is not being viewed much more positively. It looks to me to be a very strong position with respect to risk reward. I don't feel this confident about many investments.

"Remember, it is Putin mentioning escalation."
I think escalation is happening on both sides of this war. At the current time most of the desperation is coming from Putin and his PR (propaganda machine). The escalation from the West looks intelligent and measured and the pressure is mounting on Putin to 'sh it or get off the pot'. I find it quite terryfying, but suspect the West is behaving in it's best interests. I doubt Putin would stop at The Donbas or even the whole of Ukraine if he was successful in this invasion. I think we'll see further escalation from both sides here.

Thanks Tarmak/Kamrat, good to have a response. I'll look at your info tomorrow.

I think we're at a decision point. SP will either drop back or we're about to hit the 40-42.5 mark (before you even think of saying it, I understand I'm saying it will either rise or fall). I see 40p soon. I've not changed my core share positions in anyway. If I had cash at hand I'd be looking to increase my holdings (bear in mind that I'm significantly in profit so increaseing isn't a big risk for me).

Just my view, but (looking at POO), tomorrow looks like an 'add' day.

Agreed Romaron, absolutely no threat to Enq. I'm not trading my core holdings and that's actually unusual for me. I would however, look to buy more if it did drop back a little. I have a very high conviction here.

Thanks, and I'm pleased to hear that I didn't know. I'll keep trying to trade it from the long side and do think that it'll pay from here.

SP seems to be bobbing about holding onto a baseline, but wanting to rise. I closed out 65% of my positions yesterday around 156. I was hoping to see slightly under 149 today, but have not for the moment. If I did, I'd be re-entering. For the moment I've not made any particular profit, but by jumping in and out on perceived swings, I'm hoping I'll start to make decent profit soon enough.

Last I read MKS had not closed out their Russian business. Is that still the case? I'm trading it regularly and successfully based upon the premise, that until that side of it's operations is 'clarified', it's unlikely to be regarded as 'investment grade'. So, I'm in and out trying to take advantage of the loyal retail investors/traders buying the dips.

Take a look at TXP romaron. Gas/light oil. Theoretically gas coming on line from Cascadura in the next few weeks. Good bb on advfn for that one. Some very knowledgible posters, many with a lot of exposure there. Plenty of info and you'll get plenty of sensible responses if you ask questions on the board.

We're most of the way through (more than half) April. Just need 10 days of oil prices like these adn ENQ have had the opportunity to knock more than 132 million off debt once again. I'm still really struggling to see what's not to like here. These conditions favour a rapid recovery of ENQ as a business and the SP can only do well in response to that.

Maybe mrc, just thought it might interest some. I'm no chemist, but it sounded interesting and not simply 'pie in the sky'. Sometimes, simple discoveries can be incorporated into existing frameworks more rapidly than you'd imagine. I have no inside track on this, just thought it might interest some in the bigger picture.

French Election is really a Hobson's choice. If given any real choice, I doubt the public would not have allowed either candidate to get this far. Now that they both have, it would seem to me that the status quo is less frightening than change. The theory now is that, having had a good turn out in the first round for Le Penn (the far right; now nicely rolled in sweet smelling clover, but still the far right), in the 2nd round the lazy ordinary folk should perk up and hand a big victory to Macron (many would question whether he merits this on his first term). We'll see, it's all to wait for now.

Maybe some will find this interesting. Also worth considering that the countries other than the UK appear to be pretty comitted to the idea of electric cars now or 'now ish'. Here in France the roll out of 'thousands' of new electric charging points is being regularly advertised on TV. Of course the French get 80% of their power from nuclear power plants. Probably a model that will be adopted elsewhere. In my view the window of opportunity for fossil fuels is very significant now. 20-25 years down the line, we'll likely be a lot less reliant on them.

https://bigthink.com/the-future/lithium-sulfur-batteries/?utm_medium=Social&utm_source=Facebook#Echobox=1650317738

Tigar I think the SP will get to 40, possibly 42.5 before any chance of a pull back. But at these oil prices, I doubt very much that I'll try to trade around any such pull back. It seems to me that this ENQ recovery is very real and that we will, in time see 56-60p. It almost seems funny that we were urging the SP on to 30p a couple of weeks ago.

From reuters. Seems to had a rapid impact on POO. We'll see how long it lasts.

IEA confirms 120 million barrel oil release with U.S.

The International Energy Agency on Wednesday said its member countries had agreed to release 120 million barrels of oil, with the United States contributing half, in a bid to cool oil prices after Russia's invasion of Ukraine.

"The @IEA is moving ahead with a collective oil stock release of 120 million barrels (including 60 million barrels contributed by the US as part of its overall draw from its Strategic Petroleum Reserve)," IEA Executive Director Fatih Birol tweeted.

"More details of specific contributions will be made public soon."