Enquest Share Discussion Threads

[stansmith3] 02/5/2019 18:45

care to elaborate?

[leoneobull] 02/5/2019 18:29

Dear oh dear

[stansmith3] 02/5/2019 18:04

dannyok, but the widening disconnect of equities and poo has been the story of the last two years...best

[danny baker] 02/5/2019 17:38

Stan, I was referring to broker negativity. Very few brokers seem to be pushing ENQ. Yes shareholders are positive as I am for the medium term. It is not just the poo which drives the ENQ share price. Price of Brent at the beginning of the year around $54 ENQ price 21.95p. Price of Brent today around $70 ENQ price 20.00p. Lots of factors influence share prices and of course it isn't possible to pinpoint which factors cause which price movements or which influence investor decision-making. That's the beauty of investing, other people can think you are wrong but you can still make money by thinking you are right.

[stansmith3] 02/5/2019 17:11

dannyare you trying to rival master gaslighter for the biggest gaslighter ?or onedeuchbag for the biggest credit taker?enq has NOT drifted on negativity, if anything holders are extremely positive given the reservoir news and ceo buysenq has NOT drifted lower on profit taking, it has been dragged lower (kicking and screaming i would add) down with poo crashingyour predications are as bad as your attempt to claim credit for something that did not happen...it never ends here

[bobbybullet] 02/5/2019 17:09

Hi all,In at 20.35p. Looks like an interesting ride. If the loans can be written down then PE can really take off. Looks like one of the most undervalued oil stocks presently. Any ideas if the overhang of placement will be cleared?

[danny baker] 02/5/2019 16:42

As I predicted in post 8140, 6 days ago, the ENQ price has drifted lower to the 20p level on profit-taking and negativity from brokers. I'd expect a little bit more weakness if the Brent price slips but I think we are not far from a support level around 20p. Any positive news though and this could rocket.

[stansmith3] 02/5/2019 16:03

most unlike enquest to buck the trend, interesting how it held upwill crude crash further into fridays close?

[andypop1] 02/5/2019 16:03

Timed to perfection as usual master!

[thevaluehunter] 02/5/2019 15:53

Let's hope they've got a sizeable amount hedged at +$70.

[master rsi] 02/5/2019 15:42

SP holding well and on the plus despite the BRENT price having a hammering today

Brent $70.50 -1.68

[deanroberthunt] 02/5/2019 12:27

better hurry up UK wants to go zero carbon by 2050....

[american idiot] 02/5/2019 07:54

Grena Knutsen has now pulled back from Kraken. Not sure whether theres a problem or not.

Grena's draught has gone from 9.3m to 9.5m but is still floating around Kraken so I assume is heading back at some point to continue the offload.

[master rsi] 01/5/2019 23:34

Saudi Arabia, UAE “Draw The Death And Collapse Of OPEC”
By Julianne Geiger - May 01, 2019, 5:00 PM CDT

In among the multitude of threats that Iran has made public since the US sanctions on Iran were levied, Iran has now heralded the collapse of OPEC, if OPEC members fill the void by snagging market share left unfilled by Iran and Venezuela, according to S&P Global Platts.

Iran’s oil minister said that two OPEC members were doing just that, accusing them of wielding their oil as a weapon. The two members Zanganeh was referring to were Saudi Arabia and the United Arab Emirates.

It’s interesting to note that both Saudi Arabia has unduly taken on the burden of cutting production. Saudi Arabia has agreed to keep its production to 10.311 million barrels per day, while the UAE’s target is 3.072 million bpd.

Saudi Arabia has been overachieving its share of the production cuts, producing 9.794 million bpd in March. Similarly, the UAE is producing closer to target—but is still under at 3.059 for March.

The “oil weapon”, then, to which Iran is referring, according to S&P Global Platts, is their contact with the United States to come up with a plan to ensure that the oil market is well supplied. Thus far, Saudi Arabia has not increased production to fill any void left by either Iran or Venezuela.

“By using oil as a weapon against two founding members of OPEC [Venezuela and Iran], [they] turn OPEC solidarity into division and draw the death and collapse of OPEC,” Zanganeh said, warning that any country using oil to this end should “accept its consequences.”

Iran and Venezuela have indeed suffered falling oil production as the sanctions on both countries restrict exports and cut out buyers such as India, South Korea, and Cuba who will have to shop elsewhere to obtain sufficient quantities of crude oil.

Venezuela’s oil production fell below 1 million bpd in March at 732,000 bpd, while Iran’s fell to 2.698 million bpd—with more decreases expected as the sanction waivers that eight countries have thus far enjoyed end today. Iran’s 208 average production was 3.553 million bpd, while Venezuela’s averaged 1.354 bpd, according to secondary sources provided by OPEC.

The tough times in which Iran and Venezuela now find themselves may continue to drive a wedge into the oil cartel as other members will naturally respond to market demand as they are able.

[andypop1] 01/5/2019 23:17

Back below the RI price with Brent at $72, unbelievable.
This wild dog still needs some taming before if becomes an investment rather than a trader.

The API and EIA numbers appear to be having a lesser impact on the oil price of late, ignoring the initial shock reaction.

Having said that the US domestic production growth has to be admired and should not be ignored.

The SPR release was announced a while back, it was released to pay for maintenance if my memory serves me right.

Good to see Stumpy posting that in his opinion this is going down, last time he made such a prediction based on his TA it went on to hit its recent high!

The master has once again covered all bases so will of course be right no matter what happens, meanwhile the real master of TA who has passed some tough exams, OnedB,
Is yet again underwater and incognito having stated just last week he had raised his sell price to 30p.

If you're greedy this dog will bite you.

A possible trade tomorrow but not for me as I have ridden my luck enough with this of late, I will most likely wait until the operations update by Cairn.

Good luck all.

[stupmy] 01/5/2019 21:57

For the gung ho boys. My view is down! In for a shock?

[stansmith3] 01/5/2019 20:18

and NA basket cases still falling.....

[s34icknote] 01/5/2019 19:58

Brent back above 72 dollars .All the headlines of oil crashing !Good top up opportunity !Sicknote

[thevaluehunter] 01/5/2019 17:30

Oil price still above $70 they should be able to get the debt down pretty quickly at these prices.

[andypop1] 01/5/2019 15:58

EIA data:
Domestic production up another 100k per day and 500k released from the SPR.
Good luck.

[stansmith3] 01/5/2019 15:54

eia numbers a fiasco, time to lighten up

[deanroberthunt] 01/5/2019 15:21

and worth saying twice...

[deanroberthunt] 01/5/2019 15:21

Once net debt is under $1bn it won't be a problem...they survived $30 oil with less production snd more debt ffs!!!

[deanroberthunt] 01/5/2019 15:20

Once net debt is under $1bn it won't be a problem...they survived $30 oil with less production snd more debt ffs!!!