Member Info for ZippyFrood

All around the windfall tax apparently - https://www.lse.co.uk/news/barclays-downgrades-enquest-to-underweight-due-to-government-levy-1zb91vizknqkv7g.html

Be interesting to see if CAPEX plans or a partial rollback of the windfall tax extent changes the view of Hosie?

Maybe Amjad beat him at a game of poker once and he’s never forgiven him?

Chilts, how many ENQ shares do you currently hold?
Curious as to your actual interest in ENQ as a company.

Seems like it would go against your principles?
I think Kraken emitted most of the UKCS NOx at one point.

There’s a “Climate Change Camp” in Aberdeen just now. I assume he’ll be there with the great unwashed/trust fund gang protesting against living standards.
“Just stop oil” um ok…

Don’t worry, 2030 will be along soon enough and we can all say “ha ha ha 100% of electricity is NOT produced by renewables only…”

5p!!!

That would be the mother of all Repairer spikes…

What exactly do you mean?

If EnQuest produce 50,000 barrels a day, they use 32,500 of those barrels in the production?

If 100 million barrels are produced a day globally, 65 million are used in the production?

Genuine question??

At one point kraken was burning crude to power the FPSO, but I cannot imagine it was 65%. That makes an asset somewhat inefficient.

Ammu you’re like the turd that doesn’t flush.

Every time a bad smell (re)appears round this share, there you are.

Should seize Russian assets and accounts and put all that towards a cost of living package for the most needy.

Putin has caused most of this either directly or indirectly so he and his cronies should be directly paying.

As Brent is higher, a 5% on top of the Surcharge would probably be reasonable as was formerly 10% higher when Brent was higher.

The surcharge can flex based on oil prices and that provides some certainty which operators can plan around.

Not the current Kangaroo court/Guardian hand wringing/Daily mail frothing at the mouth populist reactionary and distractionary approach

The LTHs want a repairer spike!!

Even better deal for us investors then!

Government gets to say it’s put up tax on energy companies, public get their tax scalp, none of the operators pay more tax!

Win win win!!

****ing windfall tax.

I don’t know why they don’t reinstate the reduction in the supplementary charge from 2015 if a increased revenue to the exchequer is demanded.

The taxation on the petroleum sector is already higher than elsewhere despite the comical profits made in tech.

I don’t know why new legislation is always called for when the existing frameworks could easily be utilised for the same purpose.

I’m not advocating an increase in tax but 1.) I would be an oil price driven reversion to the previous and 2.) ENQ would be well protected by our losses

Given the way the Chinese are a very mercantilist country, you’d expect they’d want to extract the utter maximum out of each asset. I’d imagine the hassle of selling assets individually would be trumped by achieving maximum value for each asset.

On that basis hopefully they would be for sale separately and ENQ could pick up a majority stake in GEAD and then further exploit the area to its maximum.

Must be par with ENQ cash flow just now?

US has now said the Migs deal is off.

WTF??

I wonder if Poland still gets the F16s?

Maybe it’s all a double bluff and they are currently being towed in to Ukraine by farmers as I type….

Jan have you tried pelvic floor exercises?

Good for holding the tide back, good for getting the little guy up.

Heard this from a much older friend BTW…

Thanks Jan,

I remember some of Repairer’s well timed calls as I’ve been in since 2015! Didn’t know he’d become KO though.

Luckily I’ve averaged down over the years so just hoping to finally get a good ROI with a nice KO spike!

Thanks

Jesus, that would cause huge global problems.

If ENQ would hit 200p I’d be a fan but I’m not sure we’d be at 40p by then!

I jest but the general point is valid.

Hope we start moving up (which we were all hoping for prior to this hideous situation) to a fair value

What happened to Repairer??

Romaron,

On that basis someone with photoshop skills in excess of mine could create an ENQ specific meme based on; https://amp.knowyourmeme.com/memes/pablo-escobar-waiting
Waiting for the 60p party!!!

Don’t joke about being arrested for owning oil shares, you wouldn’t want to give Sturgeon and the wee nyaff Harvey any ideas…..

Possibly not a bad outcome Strike.

Maybe then they’d shout from the rooftops about the cash generating ability of this company and the plentiful reserve replenishing prospects that require relatively little CAPEX to exploit.

Only fly in the ointment would be an offer price. You’d have to wonder what would pique the LT institutional interest?