Enwell Energy Share Discussion Threads

[n13518] 28/9/2021 10:32

Since May 21, ENW has been rising steadily based upon increased production and improved Gas and Oil prices. We are close to the offer price,I think, 40p that was paid by the existing management to the previous majority holder. The current owners are close to their breakeven price. Good to see the shares recover but historically, these have a long way to go, hopefully UP.

[officerdigby] 27/9/2021 19:44

ENw needs catalyst.

In JKXs case. It was highly productive well and then interims showed cash ballooning.
Previously it was at a low because of court rental issues.

JKXs most productive asset us at EOL on reserves. Despite new well production is falling.

ENW makes same money right now but all of it is reinvested in wells and developing new parts of assets eg VED. Or proving new assets SC. Production is increasing..

See who wins..

ENW, needs one of these wells to be stunner dropping £m's to bottom line with current prices. And SC well to prove up bought reserves C to P2.

Don't expect management to start trying to sell the company to the market!

[bocarugga85] 27/9/2021 18:31

It is literally printing cash.

I guess the heard are all in over at JKX.

[scorpione] 27/9/2021 17:24

I'm wondering the same thing!!

[bocarugga85] 27/9/2021 16:45

Nat Gas is exploding and this barely moves. Am I missing something?

[russman] 17/9/2021 05:07

Still cheap on fcast cashflow for this year

[xxx] 16/9/2021 19:20

If you think they should pay a dividend, then contact them, as I did.It seemed to me that they dont, because they havent!

[vg2208] 16/9/2021 11:27

I agree that currently the Company does not intend to make a distribution from the significant accumulated cash. However it is possible as the Company has indicated that in the future a distribution may be made.

[n13518] 16/9/2021 10:36

As a long term investor, I am pleased to see the improvements but ENW/RPT has a habit of kicking shareholders in the teeth.

On Dividends, from the results today:

"On 25 February 2021, the Company completed a reduction of its share capital through the cancellation of its entire share premium account. This reduction of capital created distributable reserves of the Company, which enables the Company to make distributions to its shareholders in the future, subject to the Company's financial performance.

However, the Company is not indicating any commitment, and does not have any current intention, to make any distributions to shareholders".

[vg2208] 16/9/2021 10:01

Very good results benefiting from increased production and gas prices. Decks have been cleared to pay a dividend in the future from significant cash accumulated. share price nearly doubled in about 4 months but in my opinion still undervalued.

[lw425] 15/9/2021 15:12

Gas prices just in for October.

Scroll down. Historic highs.

ENW could easily double in a day and still be cheap

[alloa2003] 14/9/2021 20:32

It will be interesting - even before the rise the shares didnt seem over valued compared to asset value. I do find it a little ironic that the green movement to "cleaner" energy is blocking some new oil and gas drilling thereby pushing price of gas higher, making exisitng reserves even more valuable - it is consumers and business which lose.

[vk1971] 14/9/2021 19:06

thanks alloa. interested to see the impact of high gas prices and lets hope they announce some operational progress and latest well result

[alloa2003] 14/9/2021 09:56

Just had confirmation (from the company's PR people) that the interim results are expected to be published later this week.

[alloa2003] 14/9/2021 07:34

I see an Arden Partners research note from 09 Apr 2021 had a target price of 69p. After the recent jump in the oprice of gas, this must surely be out of date?

[officerdigby] 13/9/2021 23:17

Current prices should yield revenue above $500,000 a day.

[dimknaf] 13/9/2021 22:50

@vk1971

Thanks for reading it and for sharing your views.
The $230 is taken from JKX that has already reported H1. If you see both companies through the years post very similar average selling prices. So, it should be 230, but yea if the natural gas spike continues, second half average selling price could be amazing.

[alloa2003] 13/9/2021 21:48

I have a suspicion we might see results tomorrow?

[alloa2003] 13/9/2021 21:46

Aye, it flashed up on my screen 30.2 - 54 for a split second lol

[ramsey11] 13/9/2021 17:18

54p?nice to see 32 paid at the end off the day

[alloa2003] 13/9/2021 16:43

Some strange price action at the end, the spread was all over the place. 54p to buy at one point!

[alloa2003] 13/9/2021 14:58

Just dipped a toe in the water with this one. Production costs seem to be coming down, cash pile going up and new drilling on the go. As mentioned above, the impressive share rise still does not correspond with the rise in the price of gas and it does look undervalued.

I emailed the company's PR people to see if they have a date for the company results which, if the same as last year, should be any day now.

[vk1971] 13/9/2021 10:18

Have read your blog on JKX and ENW. Very well written. Potential is surely there and your analysis is fair albeit more focused at the macro level. There is something to be said about the declining production of both but they have also somewhat reversed these declines with latest wells. For ENW we are still awaiting results of the latest SV 29 well but the rising cash pile for JKX and stable huge cash for ENW gives support to share price. There is also flip side to that especially on JKX as Capex has been reduced.

I also think that your assumed average HY21 gas prices are too low and are more likely to be around UAH 8,500-9000 for first 6 months so more like $320 rather than $230 as you assumed. Furthermore for the last 3 months you can easily assume almost double that at an average of UAH16,000 or whopping $600 for thousand m3.

Like you, I have invested in both at low prices when I saw that after initial Covid impact both JKX and ENW have stayed quite low and saw that as an opportunity (I am at ENW at 14.75 and JKX 19.7).

Can you have a go at projecting a revenue/profit for last 3 months for both ENW and JKX?

Thanks

[dimknaf] 12/9/2021 23:03

Guys, I love both Enwell and JKX

They are super undervalued, even with the natural gas prices of the first half. Now gas has skyrocketed! I have just posted an article. What do you think about my reasoning?

hxxps://en.investorblog.gr/enwell-jkx-undervalued-natural-gas-skyrocketing/

[officerdigby] 12/9/2021 09:40

Looking for some interest here to bleed over from JKX, next week.There's always been a interesting contrast between two companies.