Enquest Share Discussion Threads

[andypop1] 18/4/2019 11:53

Master,
So in short that is a no, lol.
Therein lies the problem with TA on dogs like this with limited producing assets tied to a single commodity.
Was the downgrade a likely event?
Given the historical problems with Kraken and with the hire contract changing to a “defined”; basis last autumn I would have to say yes.
So that takes it out of the catastrophic definition.

Must try harder.

[stansmith3] 18/4/2019 11:13

so how come you are wrong most/all the time?

[master rsi] 18/4/2019 11:07

andypop1

re - Did any chart foretell the drop due to Cairn downgrading Kraken's

The question wasn't for me but as you did not reply to my last post last night, here is the answer......

Charts are done to foretell the future on a way nothing " catastrophic " occurs.

Just the same you are leaving home to go to work, but in your way there, you have an accident, finishing in Hospital instead of workplace.

Or another one for you Liverpool football team, you expecting to win as it happens yesterday, but another thing would have been if the plane crashed on the way to Portugal.

Try to be less silly of what some believe you are.

note: Padre says a "Lords Prayer" is recommended to retrieve of your sins LOL

[master rsi] 18/4/2019 10:30

Stumpy
Is that a good look at " andypop1 " Octopus ?   
I always thought more a damp squid ( damp squib)

[stansmith3] 18/4/2019 10:04

"Don't forget my short term targets 20.875 and 20.41p"Q: who could forget your 22p call at 21.9A: nobody as it went to 15.5pnow with brent 6 bucks higher, director buying and resovoir improvments the share price is still not settling above 22

[andypop1] 18/4/2019 10:04

Stumpy,
Can you answer one simple question with a yes or no please?
Did any chart foretell the drop due to Cairn downgrading Kraken's 2P reserves that gave us less technically minded fools a ridiculously low entry price?

I'll stick to my donkeypus on dogs like this as it has served me better than most of the TA boys who post on here.

Given some of the posts on here, yours included, it would appear some do care whether I like or dislike TA.

[master rsi] 18/4/2019 10:02

OPEC+ Cuts Oil Production and Russian Exporters Win
(Bloomberg) -- An alliance of countries that includes Russia is cutting oil production to end a global glut. One of the big winners: the nation’s own crude exporters.

The supply cuts from the so-called OPEC+ nations, coupled with U.S. sanctions on Venezuela and Iran, have reduced the amount of medium- and heavy-grade sour crude on the market. While Russia is part of the output cuts effort, exports of its medium-sour Urals crude -- the country’s biggest export grade -- are set to soar this month to an almost two-year high.

“The apparent lack of other alternative medium, sour grades is forcing Mediterranean and Northwest European buyers to rely increasingly on Urals,” consultants JBC Energy GmbH said in a report.

So even as OPEC+ starves the global market of heavier grades, Russia’s exports are surging. Shipments of Urals from the Baltic ports of Primorsk and Ust-Luga and Novorossiysk on the Black Sea are set to rise to 2.06 million barrels a day combined, according to Bloomberg calculations from loading programs. Russia’s overall crude exports are set to rise to 5.7 million barrels a day in April, ESAI Energy LLC said in a report last week, noting that much of that will go to Asian countries.

Last month, Lukoil Senior Vice President Vadim Vorobyov said global demand for high- and mid-sulfur grades such as Urals should increase because of the OPEC+ supply cuts and U.S. sanctions on Venezuela and Iran. He also noted that Urals’ value versus Brent crude could rise.

In Northwest Europe, the grade traded at a 50 cent premium to benchmark Dated Brent earlier this month, its firmest since reaching a five-year high in January, according to traders and brokers monitoring the Platts window. In the Mediterranean, potential buyers sought the grade at a 65 cent premium to Dated Brent -- the strongest bid in the Platts window since July 2013 -- though there were no sellers.

Flows Rearranged

“The OPEC+ curbs have contributed to the rearrangement of Urals flows and have had a significant impact on the Urals market,” JBC analyst David Reid said. The curbs are only part of the picture, he said. In addition, higher refinery maintenance in the country and increased shipments to the U.S. are playing a part.

Russia’s refiners had about 746,000 barrels a day of primary capacity offline earlier this month, the highest weekly volume this year, according to Bloomberg calculations from Energy Ministry data. Monthly maintenance will probably peak in May at its highest since October 2017. Still, Russian oil output slipped to 11.3 million barrels a day in March, a reduction of about 150,000 daily barrels from the end of last year, the latest government figures show.

And change is coming to the oil market. While the OPEC+ cuts are set to remain in place at least through June, it’s not certain whether they’ll be extended. Later this year the effects of the International Maritime Organization’s rule to cap the sulfur content of ship fuel from 2020 will start to be felt. Support for Urals in Europe probably will remain strong during the next two months, at least until more clear-cut sulfur penalties from the shipping rules start to be felt, JBC said in its note.

[master rsi] 18/4/2019 09:47

    The stalking "B@stard"
   - smithy - is about alright

[stansmith3] 18/4/2019 09:29

oh ffs it never endspoo taking a bath and he is back to his made up numbers from earlier in the week

[master rsi] 18/4/2019 09:23

Don't forget my short term targets 20.875 and 20.41p

And after each target is met, a bounce from that point always occurred and then looks for next target that is TA for you.

It reached the 38.2% Fibonacci retrace and bounce, I did not mention it as it was already done by the time I posted.

It reached the 50% 20.875p or around and bounce

Now will see if next 61.8% at 20.41p will happens eventually

[stupmy] 18/4/2019 09:07

The following chart is a 2h chart that shows the price gaps (areas where there is no data due to a rapid price move between one period end and the start of the next; A Gap). The 3 black arrows identify 3 gaps (based on data from IT finance) that have not been filled. There is a tendency for gaps to fill. If you take a look at the other gaps I've highlighted with a red box, they all filled. Each time a gap fills,it provides the possibility of an entry that is better than most entries based upon trying to pin the tail on a donkey (those are presumably the ones taken by Andypot when he enters a position). I'm here because I believe that over the short to medium term, there is a pretty high chance that share price will rise. With that as a backdrop. I enjoy trying to time entries and exits to increase profit and reduce loss. I can only dream about what Andypots donkey looks like, more like a mad octopus I'd imagine, with tails up its nose, in its ears, hanging from its ribs and being trampled under its feet. No-one cares whether you like or dislike technical analysis Andy. As you say we're all here to make money. Oddly enough, the first gap on my chart is filling now. I think that price will now fall to between 20.3 to 20p. I can't see the future, but having rational thought processes can help me make it a happy one.

[stansmith3] 18/4/2019 09:03

great postthey also mis-mapped the rise of brent to 72 to enq sppretty evident they are not at the races and its uselessness herealso a poor show trying to piggy back on the ceo buys - responsible for change of direction hereanyway they are due a good call soon, lets not forget all the bad ones

[stansmith3] 18/4/2019 08:34

aidont think anyone is really arguing thatits more the gaslightling and moving goal posts that our resident amateur TAers are doingand calling enq UP before and during its fall to 15 from 21.9and denying they did that

[american idiot] 18/4/2019 08:27

Totally nothing to do with Enquest but for those not so sure that charting can be a useful tool when trying to predict the future for a share price then keep tabs on Vodafone as there appears to be a bullish inverse head and shoulders pattern in play there. The target would be around 160p with a break above 145p.

If I am correct then I will take all the glory and if I am wrong then I will go AWOL for a while lol

From 15+ years experience I have found charting to be very useful when looking for bottoms / tops i.e. Support and resistance levels.

[stansmith3] 18/4/2019 06:19

andyim sure he takes it quite seriously although i also wonder about the position posting given the frequency of his flip flopping, or as he would say oscillationsfact is if he just posted gibberish every day it would have the same accuracy as what we have seenunfortunately with so many targets posted one of them will come right and they will try to dine out on it, hence the importance of highlighting all the bad calls - which is the majoritybrent is 72, six dollars above their 22p enq targets - could they be any more off, at what point will they hold their hands up?it is of course laughable that anyone try to perform TA on enq given the debt, dilution, rampant ceo buying, reservoir issues and global outlookthat said, i am a believer in its uses, just the stuff posted by onedeuchebag and master gaslighter is amongst the worse i have seenthey had a nice little thing going here where they could move the goalposts every three days and nobody said anything

[leoneobull] 18/4/2019 05:15

Annual report out on enq website yesterday 2018 PERFORMANCEProduction (Boepd)55,447+48%Unit opex (/Boe)$23 -10%EBITDA1 (m)$716+136%Net 2P Reserves (MMboe)245+17%2019 OUTLOOKProduction range (Boepd)c.63,000 to 70,000+14% to 26%Operating expenditure (m)c.$600+28%Cash capex (m)c.$275+14%

[leoneobull] 18/4/2019 04:51

Heather knutsen on her way to Kraken https://www.marinetraffic.com/en/ais/home/shipid:381604/zoom:10

[master rsi] 18/4/2019 00:20

andypop1

go back and read my post again, you are twisting my saying but not dancing with the song.

Drink can affect your reading or maybe you need to visit "specsavers"

here is today's one, not what you are saying of course

re - 19p is coming?

I also spotted a posible Inverted H&S on the 3 months chart ENQ for some time, but a bit too early to call as the share price should retrace to 19p at least, and that should be too hard to stomach for most shareholders over here.

SP bounce from 20.875p but that is nothing to do with a posible Head and Shouders and share price would need to go to 19p to be completed the H&S

re - retracing

talking about the latest highs and possible Intraday at the time
maybe you forgot to say my comment more than once that Oil price does a spike of $1 from time to time up and then down.

note : Liverpool winning was time for beer boys to celebrate

[andypop1] 17/4/2019 23:46

Master,
Only two days ago you were saying 20.875 or 20.41 would provide a bounce yet now your TA is suggesting 19p is coming?
Yesterday you said both oil and EnQuest were retracing yet oil closed at its highest level this year and EnQuest had a 3.3% rise today, do you just make it up as you go along?
Or does your position dictate what your TA is predicting?
What a clown!

[master rsi] 17/4/2019 23:36

andypop1

re - Is TA based on market capital or the share price?

Technical analysis in charting is mainly base on share price movement, the Indicators ( MACD, RSI, Stochastic, etc.), support and resistance, Moving Averages, in some cases the volume traded helps a lot ( volume and rising = bullish ).
Uptrend, downtrend and many more.

[master rsi] 17/4/2019 23:17

American Idiot

re- charting patterns

Those with no knowledge of it will always put it down as tea leave or else
But I use it all the time and it works most of the time if good planning is put into it.

I also spotted a posible Inverted H&S on the 3 months chart ENQ for some time, but a bit too early to call as the share price should retrace to 19p at least, and that should be too hard to stomach for most shareholders over here.

note: retrace to 19p would be 50% Fibonacci of the latest rise from 15.30p to 22.85p Intraday.