Enq 23 �pik Tog Discussion Threads

[hpcg] 09/3/2020 14:52

lonhro - in absolute terms any pure exploration production indebted oiler is a risk. It isn't great for the super majors but if they had to they could cut their dividend. We know they are coming out the other side. For the likes of ENQ, PMO and numerous US companies that is not at all obvious. Relative comparisons don't make sense if they are all doughnuts.

[lonrho] 09/3/2020 14:04

hpcg, not when you compare it to pmo1 it isnt. Enq has 600m dollar less debt ,generates more free cash flow, has more p1 reserves and pmo contingent oil is the Falklands which is worthless at current prices and Zama which they can't sell until they sort out Pemex.

[hpcg] 09/3/2020 13:58

It isn't an over reaction on what we know. Indeed 50p is a generous price.

[lonrho] 09/3/2020 13:13

Well three or so years ago i remember buying the USA bonds at 26 cents, half current price and they didnt go bust.

[11_percent] 09/3/2020 12:50

Lonrho,

But the market is saying, at the moment, that ENQ is bust.

[11_percent] 09/3/2020 10:59

Market is saying ENQ is going bust and these are not going to get bought back.

[robizm] 09/3/2020 07:50

Depends on how long it lasts

[11_percent] 09/3/2020 07:49

What price these tomorrow?

=======

A lot lower...….and, ENQ will go bust at this oil price.

[robizm] 08/3/2020 18:46

What price these tomorrow?

[11_percent] 08/3/2020 15:25

Hi Steve73,

Long time no see....cheers for that.

So...this is a no brainer.....buy them up.....82p and get a £ quid in two and hakf years time.

And get 8% for doing it.

Only risk is ENQ going bust.

What am I missing......bit of luck it will go lower......and you can buy more.

[11_percent] 08/3/2020 15:15

Yep....he is posting it everywhere.

[cwa1] 08/3/2020 15:03

Looks like the usual duff link to a Twitter locked account in 440

[steve73] 08/3/2020 14:58

11% - according to my notes they're now due 15th Oct 2023...

[11_percent] 08/3/2020 11:02

Hi guys,

Am I right in saying that we are still on track for the redemption.

15th April, at £1.

Cheers.

[ditchsid] 19/2/2020 12:41

Just checked. It's arrived!

[lonrho] 18/2/2020 15:18

It usually takes weeks

[ditchsid] 18/2/2020 14:19

Anyone received their PIK yet?

[ditchsid] 16/8/2019 11:46

I stand corrected

[steve73] 16/8/2019 08:43

ditch.. that was only when they were paying in kind. The RNS (linked in your earlier post) clearly indicated it was payable to all holder on record on the 14th.