||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Enquest Share Discussion Threads
Showing 7701 to 7724 of 7725 messages
|GLG closing a bit more of their short position, seem to be in a bit of a hurry to reduce without a squeeze lol.Only 1.54% short now (GLG 0.96% and Marshall Wace 0.58%).DD|
|Transcript from the results presentation here at seeking-alpha.
Includes links to the presentation slides as well (edit: I couldn't find them on Enquest's web site..!)
I was a little disappointed that nobody asked whether getting access to Magnus' EOR operating data for possible adoption on Kraken was partly behind the decision to buy in there.|
|Good morning Minorca.|
|Looks like a path to 30p , however I expect refinancing here at some stage which could take the share price down to anything - maybe single digits.|
|I think holding the retail bonds for Enq is quite an appealing way to profit from their survival. Their GRY is about 13% for five years and you don't have to constantly fret about a rights issue. I also have a small holding in the ords though in case they take off soon!|
|Based on the results on today. This is worth more than 43p and with the first oil production from Kraken in Q2 2017 and reducing debt.|
|Tullow have shown the way forward with a discounted rights, I wouldn't be surprised to see ENQ and PMO do similar.|
|Debt $1.8 billion with a $2.1 billion maximum facility.
Interest payment capitalised !|
|Numbers look very good IMO, beat forecasts, capex and opex costs reduced further, debt slight reduction in H2......would have liked more detail / guidance for first oil but suppose Q2 will have to do.DD|
|Very quiet here.
These EPS look interesting when compared to forecasts I think.|
|Prelims next Tues, should be interesting.|
|Shouldn't be too long for first Oil from the Kraken field.....pip pip|
|US GASOLINE STOCK drawing down much faster than 2016, moving from YoY surplus of +5.9 million on Jan 22 to deficit of -3.7 million on Mar 10|
|EIA data show first decline in U.S. crude supplies in 10 weeks: on.mktw.net/2mssVw2|
|Good old British Bulls###|
|API data crude inventory #API #OIL Inventories:#Crude Invs -531,000 barrels#Cushing Invs +2.1m barrels#Gasoline Invs -3.9m barrels#Distillate Invs -4.1m barrelsStrong gasoline demand which should continue for several weeks into the US driving season.Let's see if tomorrow's EIA figures support this.|
stay in cash.|
|Well, if you wanna top up now's the time! bit risky tho'.|
|POO looking to go sub $50 brent|
|Very sensitive to POO.|
|re - Got to be time to add if you're here
only if you are a Formentera or Cabrera
but nor for LLorca's
Wants to improve but still the up and down of the normal order book movement, slightly better on the bid side|
|But there is some good hedging to enable debt to be paid down ..
In line with its internal financial policies, the Group has continued to enter into hedging arrangements. Since 30 June 2016, the Group has hedged 1MMbbl of 2017 production (83kbbls/month) at a fixed price of $51.50. The Group has also sold 500,000 bbls per month for the first half of 2017 (3 MMbbls total) at a fixed price of $49/bbl and has bought a call (nil cost) for the same notional quantity, with a strike at $57.25. Should the price rise above $57.25, the Group will receive the difference to offset the loss it would make on the $49/bbl swaps). In addition, the Group has hedged 500,000 bbls for the first half of 2017 at $54.50.|
|Looks like a good buy at 41p subject to fY results due on 21mar and with kraken on track for Q2 gurstboil, assuming no delays or issues end of jun17.. so oil in jily17.
So the big question is what debt repayment looks like and where POO will is now and will be in Jul.|