Enquest Share Discussion Threads

[richardbroughton] 01/5/2019 14:33

Got to be a change in sentiment to get share price moving. Only 2 issues to get ENQ out of the poo, one is POO, visible to all, the other is level of production which is not and can be influenced by external factors weather, technical etc . Pretty simple really IMHO, ENQ is a risky punt on those two coming together positively for a sustained period of time to stabilise the company financially and change the market's attitude. Cheers Richard.

[deanroberthunt] 01/5/2019 14:00

one day rodders

[deanroberthunt] 01/5/2019 13:42

Master RSI

crack open the Strongbow bruva..


Remember, vote UKIP or Brexit Party....up the revolution

[stansmith3] 01/5/2019 13:26

oh dearhere we go againdo you never learn?

[master rsi] 01/5/2019 13:18

Bullish if eventually "Head & Shoulders" is completed

Retracement after reaching the last high 23.50p, the Fibonacci 38.2% has been met this morning, on moving to 50% @ 19.35p that would be just good to be around a few days at those prices ( going the right shoulder) and then bounce to last intraday high 23.50p and BREAKOUT.

The bounce after doing the right shoulder, and then BREAKOUT should take the share price to 29.50/29.75p.

How it works
15.25p bottom to 22.50p top neck = 7.25p
The rise after BREAKOUT
22.50 +7.25p = 29.75p

[master rsi] 01/5/2019 12:42

Easy down, easy UP, especially as the Brent price has gone back to yesterday close $72.06

[jotoha2] 01/5/2019 10:19

Our head poncho has given us a clue as to what is happening , and has also bought a shedload , so am with him , another 100k thank u.

[specul82] 01/5/2019 10:03

When the news is released later this month then I can see this back into the thirties Brent around 70 mark Production increasing on a monthly basis Debt coming down Gla

[american idiot] 01/5/2019 09:56

Brent took an early fall and ENQ share price just fell on low volume bots (in the absence of any buying)

Brent is now bouncing back so confident of 21p again later in the day.

Gotta buy the dips I guess knowing current production is at record levels.

[master rsi] 01/5/2019 09:53

From the May "UPS" thread ...

Master RSI 1 May '19 - 09:50 - 18 of 18
ENQ 20.64p -0.85p
Breaking down from the Tramline was a negative event on the charting front

[discodave4] 01/5/2019 09:36

Shaking the money tree this morning trying to pick up some cheap ones.

[deanroberthunt] 01/5/2019 09:21

tell me why

[master rsi] 01/5/2019 09:16

From the UPS thread ...

Master RSI 1 May '19 - 09:01 - 15 of 15 Edit
ENQ 20.87p -0.61p

It looks like she wants to test the support of the last 3 weeks once again, has twice touched that point and bounce, if not then will test other supports further down.
Will see what happens this time as Brent Oil is weak this morning.

[american idiot] 01/5/2019 09:09

Wierd fall this morning on low volume. Cannot see a reason for it so I've just bought back my trusty 50k @ 20.42p

I await the bounce back and next operational update which will show vastly improved Kraken production on Brent prices north of $70 !

[steelwatch] 01/5/2019 04:29

"Did the tanker do a U Turn?" - No. Lined up about 1 mile away right now, so should be hooked up later today:

[andypop1] 30/4/2019 23:36

It's all kicking off in Venezuela today, could the end be nigh for the dictator Maduro?
There were reports his plane was ready to depart to Cuba this morning but the Russians stopped him.

Venezuela is sitting on vast resources of oil, it is only the corrupt dictatorship that has stopped that oil being exploited due to the cash from sales being diverted.

Imagine how quickly that oil could be back online given the infrastructure in place should the Yanks give the industry a cash injection to help the people and of course the president elect.
Well worth keeping an eye on.

Another poor day here with low volumes despite the earlier oil rally.
I won't comment on the API numbers but will instead wait for the more reliable EIA report tomorrow.

It is still looking like a hold (off) buying until around the operations update in my opinion.

Good luck in the morning.
Did the tanker do a U turn?
Good job the market doesn't care!

[wbodger] 30/4/2019 17:43

Appreciate you posting those (presumably) pay-walled opinions Leoneobull.

They set out ENQ's dilemma quite well: a race to reduce debt on the back of Kraken production at the recovered oil-price before any one of a number of calamities might kick in. Alternatively if Kraken production is reliable perhaps part can be divested for cash to reduce debt. (That would produce an immediate re-rate, and it is why I hold.)

Lundin may be better rated than ENQ because of Johan Sverdrup. Johan Sverdrup (which Lundin discovered) also figures into the Detnor Aker-BP tie up which made sense for BP when the majors were fleeing the mature North Sea in the oil-price downturn. Aker are well run, and they had 49% of Detnor who had a share of Johan Sverdrup. Lundin is part owned by Equinor, again possibly because of Sverdrup, and again after an asset swap in which a major backed out of exploration/development in return for an equity interest.

[s34icknote] 30/4/2019 16:41

Strange day . 639000 buy at 22p and we end up down !Sicknote

[deanroberthunt] 30/4/2019 16:41

My Hungarian and Polish is coming along quite nicely.

[deanroberthunt] 30/4/2019 16:40

one day rodders

[master rsi] 30/4/2019 16:14

Brent oil price

Over $1 UP earlier $72.78
now
over $1 DOWN to $71.58
and with that ENQ is also back down from the earlier rise.

[master rsi] 30/4/2019 12:29

Brent oil $72.48 +0.94

That is very close to the movement of $1 UP and DOWN that usually does

[stansmith3] 30/4/2019 12:15

yes with any luck one of these years we will ease through 22...lol