Enquest Share Discussion Threads

[leoneobull] 28/3/2019 11:17

hitman1a122 postsLet's revisit the Kraken sale againNot sure what price they got low-balled with last year with things were not working well, but given the following:1. 2018 repairs2. 2019 repairs3. DC4 investment4. Less discount off Brent.5. Current Brent priceSurely the asking price has gone up.. If were to say sell 10k ie: 25% of Kraken.. what price would we get.. ?I think we could drop from 70k to 60 bopd. if we could get 25% of gross capex back ( $2.3b) :$575m That would repair the balance sheet quite rapidly.. perhaps the share price would double quicker imv. Or am i thinking a bit too short term and the future NPV is far better than the sale price and accumulated yearly interest it would save, or other opportunities lost.

[naeclue] 28/3/2019 11:01

Hey Stansmith,

If I am reading your posts correctly, you've chosen to re-invest in Enquest after a period on the sidelines. Would you please explain what made you do that?

Good job against Nastase at Wimbledon by the way, hope you can still vault the net at the end of a match.....

[billyrayvalentine] 28/3/2019 10:29

...ww, you can use to post screen shots just by pasting 2nd from the bottom link of uploaded image in thread's message box (y)

[stupmy] 28/3/2019 09:55

Ok wally, thanks. To be honest, I still can't see it, but do agree that share price is likely to rise from here. Daily chart suggests a bottoming formation, but no bullish trend for the moment. Similarly no bullish trend on the 4h chart, but it's threatening to turn bullish. 2-hour chart shows the 30eMA crossing up over the 50/60/9 eMA's which suggests that buyers are tentatively getting the better of sellers at the moment. On Wed March 20th, the price broke up from a short term descending tl resistance that formed from Wed Feb 20th, then backtested the break on Monday the 25th and rose into the triangle formation I posted yesterday. That break and backtest of the break is actually a pretty positive sign that price wants to rise. Add to that today's break up from the triangle pattern and I'd say that buyers really are starting to get the upper hand.

[deanroberthunt] 28/3/2019 09:37

imvho it's a dubious inv hns...but I suppose you can see what you want to see

[wallywoo] 28/3/2019 09:35

Sorry stupmy, never worked out (or cared enough) to work out how to post charts on here. 6 month chart, left should higher than right, we are at neckline now.

Once / if neckline is breached, with high volume we are off to the races

[stupmy] 28/3/2019 09:30

I know what it is, but can't see it on my chart. What time frame are you using?

[wallywoo] 28/3/2019 09:19

hxxps://www.investopedia.com/terms/i/inverseheadandshoulders.asp

if that link does not work:

"www.investopedia.com/terms/i/inverseheadandshoulders.asp"

"stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_bottom_reversal"

Or you could just google Inverse head and shoulders!

Pattern looks obvious to me, but there you go. Perhaps tinted glasses!

[deanroberthunt] 28/3/2019 09:13

Unfortunately the policies of particularly the last Labour government in conjunction with the liberal lefty warriors, and EU totalitarianism, affects those mostly at the bottom end of the spectrum.....talking about uncontrolled mass migration....as the vast majority who entered, enter and remain also at the bottom end....that's why the vote was to leave...working class votes.

I'm. and I'm sure so are many here, lucky enough to be able to live in an area that isn't affected by these policies.

What these aforementioned people do are making sacrifices on behalf of others, and have never walked a mile in these peoples shoes....so they can't understand.


It was ostensibly a "cry for help" vote, more than anything else.

[stupmy] 28/3/2019 09:07

Could you post a chart wally? I can't see an iH&S? What time frame are you looking at?

[wallywoo] 28/3/2019 08:56

From a technical point of view, the reverse head and shoulders trend reversal is confirmed when this level is breached (ie the height of the shoulder).

That should bring in a lot of technical buyers, assuming it is breached of course

[leoneobull] 28/3/2019 08:55

Dark_Knight2020197 postsRE: shortsthere appears to be no shorts above 0.5% on Enq, I don't know if anyone else has noticed ?

[leoneobull] 28/3/2019 08:54

That is why I voted remain Dean

[deanroberthunt] 28/3/2019 08:40

35p would be the equivalent share price to PMO.

[deanroberthunt] 28/3/2019 08:38

Hatred, Emotion & Pride.....are the enemy

deal with facts and use logic, ignore hope and emotion

[deanroberthunt] 28/3/2019 08:37

the EV on this is actually better than PMO

[stansmith3] 28/3/2019 08:35

indeed i doi was out dec until last week, saving myself a fortune and telling anyone who would listenturned out to be nobody and i rank atop the hated list here

[mallorca 9] 28/3/2019 08:33

Well Stan my friend,

I made £35k + shorting this.
Now making money on the rise.
You know best though :-)

[stansmith3] 28/3/2019 08:26

andyi think if you use these boards you have to expect people to be group long typesthere is no rules that shorts and negative posts are not allowed, indeed most say they welcome both sides of the argument, until they hear it..there are position posters who need to be outed in addition to idiots pretending to be experts talking of experts lol onedb yesterday criticised an analyst view ad suggested a lack of ability/experience/skill - dont mention his posts here lolhowever he still has a following on pmo - so it went down well for the reasons abovealthough he may not be a paid ramper, fair to say people here will have seen what comes out his gob is no better than anyone else, despite the conceited way he phrases itbetter than that he has been shown to be very excitable on rises that collapsed as soon as he tried to attach himself to themso im happy about thatas for being out/short - i have never shorted a share, and i have sold down enqapi/eia will be a bit wonky next week due to the issues in the shipping channel, so will need to see what to do, if the mkt will act on product draws and ignore the possible crude build

[gregpeck7] 28/3/2019 08:26

Premier oil has almost doubled last 3 months as oil has improved, this has fallen, the outlook is much better than expected as per the results, it's a stupid share price frankly.

[mallorca 9] 28/3/2019 08:25

Looks like I could be adding again quite soon.
As I've previously said, this will quickly move through the 20's.

[s34icknote] 28/3/2019 08:24

Positive start !Hopefully back up to 20 p levels Sicknote

[american idiot] 28/3/2019 08:20

Shareprice very active at the open again.

Wonder if there is any broker upgrade out today ?

(Not normal for this much volume so early in the day without news!)

Long may it last...Onwards to 20p +

[deanroberthunt] 28/3/2019 08:05

Good Start....upwards and onwards

[andypop1] 27/3/2019 23:33

Stanley,
Mini communities?
Lunatic asylums would probably be a better description.

Are you suggesting some posters in the community are less than honest?

What I love about these boards is those who tell it how it is are the ones who get most stick, yet if you post BS that holders want to hear you don't get challenged.
I suppose that is all down to how most human minds are programmed, it's easier to convince the mind it has made the right choice than it is to make it question a decision it has made.

A pretty uneventful day today other than the early price action and the failed attempt to break 19p.

US production remained unchanged at record levels week on week.

Safer to be out than in short term as far as I'm concerned despite the chart apparently suggesting this could go anywhere from 16p to 22.5p, not my chart, lol.
That prediction will come true, the joy of TA is it is always retrospectively right, even if it is wrong.

Good luck tomorrow.