Enquest Share Discussion Threads

[stansmith3] 27/3/2019 14:52

proof indeed that you are a position posting scumbagmeaningless purchase by ceo that you are trying to pump on

[mallorca 9] 27/3/2019 14:46

Added to the CEO buying at 19p and 23p.

[mallorca 9] 27/3/2019 14:38

Well , there you go …..

RNS just out …

The Chairman has purchased 28732 shares at 18.6p each.

Onwards and upwards.

[american idiot] 27/3/2019 14:32

U.S. Crude Oil Inventories

Latest Release
Mar 27, 2019
Actual
2.800M
Forecast
-1.100M

[american idiot] 27/3/2019 13:32

Stan,

You missed the one about MM's holding the share price down in order to fill a large buy order lol

Meanwhile, Brent $67.66 and rising. Soon to be $70 + in my dreams :p

[stansmith3] 27/3/2019 13:13

anyone reccing your post indeed has a short memoryyou are one of the most vile posters on any internet forum

[stansmith3] 27/3/2019 13:10

lolwell onedb criticising an analysts ability is like you and dean pretending to be straight investorsgotta call as i see it im afraid, not here to make friends, that would be too easy...this will be higher next week...we are undervalued...mkt has mis priced this...we are being manipulated.. this is about to move through 22... this will be 30 next weeki could go on...

[deanroberthunt] 27/3/2019 12:48

he's not that good.

[mallorca 9] 27/3/2019 12:47

stan … what a horrible individual you appear to be.

[onedb1] 27/3/2019 11:43

Should also add that Marshall Wace which has 'skin in the game ' has reduced its short now down to 0.42% ie sub the reporting threshold of the FCA. I think they weigh more and a lot more than a broker/analyst that will have possibly just been working for a few years( am making a supposition as I don't know ) , fresh from completing a CFA and his her analysis has little consequences . Vs a big hedge fund that loses money if they get it wrong and AUM redemptions .

[onedb1] 27/3/2019 11:36

Just remember though that there are conflicting broker reports . JP Morgan Cazenove reiterated their 35p view Without the details in front it's hard to tell what time horizons they are all looking at or the basis for their conclusions . Stick to the original data in the RNS imo. These reports are great for ramping or deramping on bbs but frankly speaking they are not traders or fund managers . Just an analyst and his/her standard model

[stansmith3] 27/3/2019 10:59

amerreason is no one really believes higher prices are here to stayif / when that occurs then enq/pmo will bag

[stansmith3] 27/3/2019 10:49

well you would be agreeing a broker target of 50 would you not?so really you are saying you only bother with them when they support your view?

[mallorca 9] 27/3/2019 10:41

For all the moaning on here this does seem to have good support.
Each little drop is bought into.

[american idiot] 27/3/2019 10:39

The odd broker yes but when a series of brokers are downgrading then it's always worth taking note.

The only possible rationale I can think of is with global growth slowing and recession talks banded around these brokers are possibly bearish on Brent into 2020 ?

Other than that I'm really scratching my head right now.

Apart from the early dip today in the share price it seems Mr Market has largely shrugged off the broker note now.

[investordave] 27/3/2019 10:37

I do wonder why must of the brokers bother issuing targets for share prices. More often than not they are wrong or way wide of the mark. I tend to treat most broker forecasts with the contempt they deserve. Jefferies' latest is one of the worst - a forecast of18p to 15p forecast despite a good set of results and a rising POO. What the hell is that all about? You couldn't make it up.

[american idiot] 27/3/2019 10:10

Another thing to note is the incredible timing of these brokers notes.

As soon as the share price gains a bit of upward traction out pops a broker downgrade.

Jefferies go from 18p to 15p for what reason exactly ?

Why the 3p downgrade when production was bang on mid point of guidance and Brent has risen 20%+ since their initial 18p target.

I dont believe in broker manipulation etc but would love to know the rationale for why Jefferies suddenly believe the share price is worth 3p less than it were only a few months ago.

[colebrooke] 27/3/2019 10:08

Often a major disconnect with the share price and broker targets you see it time and again...

[american idiot] 27/3/2019 09:58

Thats RBC Capital, BMO Capital and Jefferies on 15p targets with Barclays on 17p, Numis and Cannacord on 20p, GMP on 25p, JP Morgan on 35p and Pareto Securities on 42p

With Brent around $65 and production at around 67k then how on earth do they come up with their 15p targets ?

Nothing at all has changed from 12 months ago where brokers had far higher price targets on lower production.

[colebrooke] 27/3/2019 09:52

Mallorca nice short btw although the grandstanding wasn't necessary ;) I don't think I've ever seen a rights issue where the shares haven't subsequently fallen off a cliff. I've more than doubled my holding down here at these levels. With the amount of cash generation and if oil stays around the $70 mark I can see the share price doubling from here short term.