Enquest Share Discussion Threads

[steelwatch] 10/12/2021 21:30

Magnus production shutdown ordered by OGA following breach of flaring restrictions.

"“Production has now been restored at this asset.”



Why no RNS?

[steelwatch] 07/12/2021 15:18

Halliburton Sees World Headed for Oil Scarcity

“For the first time in a long time, we’ll see a buyer looking for a barrel of oil as opposed to a barrel of oil looking for a buyer,” Jeff Miller, chief executive officer at the Houston-based oilfield contractor, told an audience at the World Petroleum Congress on Monday.

[steelwatch] 05/12/2021 11:14

Latest Kraken cargo dispatched: ATD: 2021-12-04 11:07 LT UTC

Previous cargo departed 16 Nov, so that's 18 days.

[steelwatch] 01/12/2021 15:40

...Change of vessel it seems:



Currently en route to the Feistein anchorage, presumably for a crew change:

[chrisa1] 01/12/2021 12:40

more buying; Hardly surprising really!

[steelwatch] 01/12/2021 11:15

..could be bad weather expected sea area Viking caused a change of plan:

[steelwatch] 01/12/2021 11:11

Well, Orkney Harbours site now saying Petronordic expected midnight 3 Dec from Kraken, but the shuttle hooked up to the Bleo Holm FPSO c.30Nm NE of Fraserburgh this morning.

[american idiot] 29/11/2021 11:53

Nice to see Kraken is back on track...

[wolfofhounslow] 28/11/2021 18:24

We're going to see WTI in the high $50s before ever seeing it in the $90s.And that's a very healthy thing.You can thank me later.#OOTT

[wolfofhounslow] 28/11/2021 08:04

Ftse another red day Monday.So reckon another 10% drop. With travel restriction now starting to be in place oil will take further pounding...

[stansmith3] 27/11/2021 12:34

yup, there is always money to be made with enquest, i am amazed at times how it manages to always find new ways to disappoint

but in fairness, everything with enquest is always based on ifs buts and maybes

the liabilities in the accounts were not a problem because oil was going higher any day now…., well after being stuck in the 40 dollar range, oil finally made a move, here we were with 83 dollar brent and enquest at 20p - where is master rsi, stupmy and onedb1 (our ta experts) - how many hundred posts did they make about just what 65 dollar brent would do for enquest…

i take it 100 is the new 65…


i certainly dont want to be holding when analysts start to mention depletion at kraken, what really has been the point of the whole kraken endeavour….?

[heialex1] 27/11/2021 10:30

If the new variant panic is overdone, then oil could rebound quickly, especially if opec pause. Assuming no big issue at kraken, then there could be an easy 40% here

[stansmith3] 26/11/2021 22:53

for a trade?i think they are still can kicking, i genuinely hope i am wrong as there are some very patient investors hereenq at 20p with 83 dollar brent says it all, the share price should have been 100p with oil prices like thatthey have even managed to screw up hedging, some well researched and plausible posts on this board by bomfin and others - really got me thinking - but the accounts were the same old story with another year of reserves used up...good luck if you plump for some

[s34icknote] 26/11/2021 21:55

Hi Stan Is this worth buying now ?On back of director purchases ?

[wolfofhounslow] 26/11/2021 16:17

Very quiet in here...

[steelwatch] 26/11/2021 11:28

Next Kraken cargo uplift booked. No details yet apart from this:



update 29 Nov:

Petronordic en route from Rotterdam to Aberdeen.

[wolfofhounslow] 26/11/2021 09:30

He will get more opportunity lower.Maybe in the 15's

[heialex1] 24/11/2021 15:51

So CEO buying again... admittedly he's been buying on and off for years, but the fact that he's still going is encouraging. I still see this at 30p if oil prices stay around these levels. The lack of investment across the oil complex is really coming home to roost now, so there is a strong case to be made for oil staying at elevated levels for a while

[laserdisc] 24/11/2021 08:19

Steel ,Link here

[pslamb] 19/11/2021 19:31

Barclays Reiteration @ 39p - 18th Nov 2021Still showing confidence

[lostit] 18/11/2021 15:47

For those of you that don't know Magnus has a huge Gas Cap. For years BP bought cheap gas and used it for The Magnus EOR project. Now they can produce the gas at todays prices and make a mint. From memory the gas came from the WOS fields. It's all on the Web.

[pslamb] 18/11/2021 15:36

Plus 50mil repayment to RBL ?

[northener] 18/11/2021 15:03

From update in terms of debt "2021 year-end net debt is expected to be around the closing net debt position in 2020, after the Golden Eagle acquisition and the c.$60 million early settlement of the Magnus BP vendor payment".
Hence by my simple maths Enquest have acquired GE ($325m) plus $60m for Magnus = $385m without increasing overall dept. This seems reasonable to me considering operational issues reducing production and lower oil prices at start of year.
I agree share price should bounce back to some extent.