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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Enegi Oil | ENEG | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.475 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.475 |
| Top Posts |
|---|
Posted at 12/10/2022 15:28 by tomboyb Robert Peston@Peston · 2h Yield on 30-year government bond is now well over 5%. Investors have no confidence in Kwarteng’s 5-year plan to reduce national debt. The risk is this fall in government bond prices triggers yet more margin calls on pension funds’ LDIs, worsening fire sales ahead of… Robert Peston @Peston · 2h Friday’s end of its £65bn support. Grim |
Posted at 26/9/2022 06:43 by tomboyb hxxps://www.msn.com/Sterling collapses as investors fly into dollars By Tom Westbrook - 6h ago |
Posted at 16/10/2015 08:13 by richgit The decline of investment by Oil Cos is not something that can be turned aroundovernight,so investment will stay in a trough of a vicious circle of repercussions for too low Oil prices. That suggests Oil will gradually rise in price until there is an inevitable supply crunch in years to come- and then even higher Oil prices !? ABTOG offer an affordable solution to Cos desperate for any extra revenue and of course - Asset addition to flimsy balance sheets. This really is potentially a great scenario for ABTOG. Prove it in one situation and it will roll and roll for years like the snowball/avalanche scenario. That`s what the big names involved with ABTOG foresee. An incredible risk/reward that at some point Investors foresee that with ENEG. No advice intended. |
Posted at 04/8/2015 07:55 by taxibabe richgit best to keep away from markets. Stick to property or physical gold. Paper investments are at best relying on others to be honest and do their best for investors none of which is likely. The market is rarely wrong and the share price says its all. Its valued at close to the AIM quotation costs for one reason. It has nothing of value. ABTOG has always been a red herring in my view, along with IRISH Shale. Newfoundland could have been something but did not bear fruit. Black spruce is owned £800.000 and my guess will end up with the leases there. |
Posted at 03/5/2015 19:37 by taxibabe Yes the world needs oil but GHS assets, and those of SHOAL Point, have still to be proven. The cost of proving it is beyond ENEGI and they appear to have become entrapped by BSE in a share purchase arrangement for 10 million shares at 8p for £800.000 which they don't have. I presume this gives BSE first call on GHS as the only realistic asset that ENEGI have? Even if it doesn't BS have given up on their drilling ideas, and, I have the feeling, could not attract the necessary investment. As far as I can make out BS are or were consortium put together by WELLS FARGO of investors to to invest in drilling opportunities. When the oil price collapsed, so did investor interest. In any case, BS'S drilling was contingent on SHOAL POINT getting its drilling permit, which never happened. The idea being to drill the two prospects together. WThe plug was pulled by BS and that was that. What will happen in the future who knows but SHOAL point shares are well offered at 1 cent and ENEGI shares are the same. The prognosis is hardly encouraging. |
Posted at 03/5/2015 16:56 by richgit It is certainly all a bit of a Mystery to those that do not know the truth.BSE put such a high value on Eneg`s Newfoundland assets that in a presentation for attracting investors,they inferred they actually owned 50%,which caused quite a public spat between Managements. That tells us (again) how valuable they considered the assets !! Then the nonsense suggesting their Rig was ready and that ENEG had delayed its placement . Yet-they didn't (seemingly) have the drill permits,so why would they park the drill whilst it could spend months just being in the way ? Investors could be forgiven for thinking BSE were raising money against the value of ENEG``s assets in some scam. Most will never know, as the Oil price manipulations killed off most exploration Budgets,yet I am sure all would like some truths about -at best-some untruths from BSE. The assets remain and whilst BSE valued 50% (their deal)at Multi-Millions, the Market values 100% of Eneg`s assets at petty cash. I merely make the point-that the World still needs Oil. |
Posted at 01/5/2015 09:14 by chinadog3 A new partner. An announcement on the Memo with WG (that most investors had I suspect anticipated).What has changed? SP drop seems overstated but can the company be taken seriously at its current market cap and share price Originally, I bought in because of NF, and er where are we on that? Last Throw what`s your view? |
Posted at 15/4/2015 10:47 by richgit Eneg has been a disaster so far.However so many other Oil stocks have been, in what is perceived as a sentiment akin to the end of Oil requirements forever. That will be a huge mistake overall, and somewhat apparent when Oil does finally head back to $60 and slowly higher. The US has killed Millions for Oil & the $Petrodollar and still imports plenty of Oil,in fact seemingly increasing recently ??- but then there is Oil and Oil. We can still remember when Oil wasn't perceived as no longer required and that indeed BSE wanted to (at the time) spend multiples of ENEG`s then Market Cap, and quite obviously many multiples of todays sub £2 Million. That at least gave some foresight of its asset value at circa $100pbl and that value certainly wont have suddenly disappeared when the World reminds all it needs Oil. Should we take a knife and slash that perceived asset value by 40% which still leaves "potentially" a fair multiple step beyond £2 Million ABTOG are in the right game at the right time, albeit Mr Minty couldn't convince Investors last year- yet maybe He can in 2015. A huge bet for those that believe it, whilst Mr Minty needs to play an upfront game with ALL investors and not get caught out again by the knowledge of the few This has been about an unfortunate developing mistrust of Management and something that needs urgently addressing. However the potentials for sentiment to turn on its head remain,yet obviously not for any hapless insiders and T+ traders. I daresay at some point all news from ABTOG will be believed,(considerin IMHO |
Posted at 14/4/2015 14:44 by richgit It is rarely a simple Black or White..What's Really Behind The U.S Crude Oil Build OilPrice.com. Last week we saw another 10MB massive crude oil build domestically at a time when US production is flattening, refinery capacity is rising and gasoline demand is growing (5% year over year vs. 3% or lower in the recent past). This divergence can be explained in part from the rising import of heavier oil which accounted for 6.1MB (869,000 B/D) of the 10MB build last week. Imports for the week rose a whopping 6.5% sequentially and 8.5% vs. the 4 week moving average! Once again the chase to create sensationalistic headlines to drive down oil is self-evident as US production rose a meager 14,000B/D and was not the main cause of the rise. So why, month after month since 2014, have imports risen when there exists a “glut” in US oil inventories? In 2014 according to the EIA, API Gravity (the weight of oil) steadily increased and rose 2.84% which is very significant in adding to the oversupply of US oil. In January 2015 that number rose to nearly 3.1% year over year, according to the latest data point we have from the EIA. Given the recent surge in imports last week the bet it has risen even more. Imports generally have a higher API vs. US lighter produced oil. If refinery capacity is skewed towards processing heavy imported oil vs. lighter US produced oil, as demand rises you will, as a result, be short heavy and long light. Not surprisingly this is exactly what occurred the past 6 months as demand is accelerating for gasoline at a time when US production in late 2014 was rising rapidly. This is only natural because refinery capital expenditures haven’t exactly been front and center for the majors given lackluster US gasoline demand and the fact that only until the last 2-3 years did it become evident that US shale would grow to such an extent. Add on regulations and its no wonder US refineries were slow to adjust to the oil mix. In the next 2 years refineries plan to add 300-400,000 B/D in 2015 and 2016 (3% of daily output) or 125M-130M barrels per year in lighter refining capacity targeting the use of US production vs. imports. That alone will add nearly 2.5MB per week in demand for US oil as an input in the context of stock builds of 10MB recently. It should be noted once again crude oil stock builds occur seasonally until May as a result of refinery maintenance which peaked in February as capacity stands at roughly 90%. Refineries are enjoying record margins so expect that number to rise significantly. That too will assist in reducing oil stock builds as will the 5% year over year gasoline demand as we move towards the seasonally strong driving season. It is just amazing to see the lack of real analysis being done on both Wall Street and in the media especially. In recent weeks the sell side analysts who cover energy have become so complacent that they merely plug in the current strip prices into their earnings models for E&P companies. Not one, except Mike Rothman at Cornerstone Analytics, is questioning the “why?” or “how?” of what is occurring. The 200 or so players who effectively control the oil futures market have changed behavior and expectations as the oil price curve has collapsed. Prices from late 2016 into 2018 are essentially flat in the low to mid 60s, believe it or not, which would essentially bankrupt most of OPEC, US conventional oil, part of US shale and deep offshore drilling. So ask where is the oil going to come from? Yet the madness continues until investors realize E&P companies need a higher price to justify investments in the space. |
Posted at 29/8/2014 09:57 by richgit Haydock.Just to add my mere thoughts We don't need to be Einstein to know this Oily sector has been driven up and down by short term trading for many months,as few are prepared to invest in any longer term. So share prices and Company valuations on the floor are an understandable -nature of the beast when PI`s think nothing is happening -Tomorrow or next week. For Myself I have had many 10 & 20 baggers over the years,and maybe my own fault - I have never had the 50 bagger. ENEG could be that stock,yet it wont happen overnight or in a Year,yet ABTOG offers the dreams that could bring in "Long term investors and far far bigger investors" Minty just needs to find that elusive Catalyst that will indicate that those bigger long term investors will arrive once they start to believe ABTOG is for real. If we end up with a slice of Newfoundland and its potentials,plus with such a result more believing the massive potentials of ABTOG,then this could be that Catalyst. I can bide my time,as others can,in paying all the way back up for stock,if the Market realises that will be very cheap stock. One well known Investor was saying in an article how He sold His millions of shares in a stock with some relief as the stock got back from 4p to His entry price of 10p. His angst was losing sight of the Cos potentials and a stock price that rose to £5 over time. It happens. |
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