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Enquest Share Chat (ENQ)



Share Price: 21.36Bid: 21.22Ask: 21.36Change: 0.00 (0.00%)No Movement on Enquest
Spread: 0.14Spread as %: 0.66%Open: 21.96High: 0.00Low: 0.00Yesterday’s Close: 21.36


Share Discussion for Enquest


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gregpeck7
Posts: 2,267
Opinion:No Opinion
Price:21.36
Oil flying
Today 02:21
Well oil up a dollar in Asia. This could be a good week. The world is waking up that shale producers are preferring profitability to output and the Saudis are not opening the taps. If Libya goes pop 100 dollar oil is almost a certainty.

This is such a crazy bargain right now, all this production in safe areas, a re rate simply has to happen soon.
 
Krakenoil
Posts: 3,818
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 22:10
If we can pay down $500m off our debt this year I would be over the moon !
hitman1a
Posts: 174
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 20:41
Yes, turnover $1.8b per year. One third profit margin, $600m per year, so $50m per month.

Analysts will say it all goes out to repay trade creditors and debt for several years, so don't expect any upside in equity, until there's something left over each month for shareholders. Fair enough, but I'm only looking for 1p per month improvement in SP. I think 25p is achievable by end of June. The balance is growing every day., even on weekends too.
Itsaponzi
Posts: 130
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 20:22
More like $150m a month at 75kbopd ???
hitman1a
Posts: 174
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 19:51
I estimate Enquest is raking in $50m per month.

Far better than spending it every month. The tide has turned.
Krakenoil
Posts: 3,818
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 19:04
Of course they are observing Tanker offloads, that’s the only way anyone can work out approximate current production
Dol03
Posts: 1,070
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 18:44
Krakenoil, I don’t think the analysts are observing tankers. It will take longer. In the meantime, there is an awesome bargain to be had until realisation
Krakenoil
Posts: 3,818
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 18:28
Ain’t doing too bad with 40kplus now
Dol03
Posts: 1,070
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 17:23
It’s all about Kraken, should see a very steep correction come October (I think before then) when work completed at Kraken.
Dol03
Posts: 1,070
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 17:21
PMO as off 2018 2.3000 debt. Doesn’t seem to have done them much harm
Dol03
Posts: 1,070
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 17:16
What about PMO, don’t they have more debt and sit at about £1.00 sp?
Krakenoil
Posts: 3,818
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 16:56
Debt is falling by the day, I expect debt to be way under 1.5b at the end of this year but if prices rise above $80 during the summer I expect Debt to drop below $1.4b.
Itsaponzi
Posts: 130
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 16:50
No debt reduction which still at $1.777b so expect no movement in share price until that happens end off.
gregpeck7
Posts: 2,267
Opinion:No Opinion
Price:21.36
Many thanks
Sun 12:11
For the production figures chaps. Things look like they are significantly improving here.
Krakenoil
Posts: 3,818
Opinion:Strong Buy
Price:21.36
RE: Bigger picture
Sun 10:23
With low volume and biased Brokers what chance do we have ? But figures don’t lie, won’t be long before this moves much higher fast. I still think the MM will start moving this upwards soon and that will start the volume increase. This will go all of a sudden and before we know it the SP will be back in the 40’s.
chilting
Posts: 4,146
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 09:58
Squif
I think it does to some extent - it means that we needs a very big push, in a slack market, to get us away from the last few negative years and the dismal broker ratings.

It did seem that we would do that a few weeks ago, volume increased substantially, but now we are back in the doldrums again, until the market lights up we may still just drag along the bottom.
heardy
Posts: 763
Premium Chat Member
Opinion:No Opinion
Price:21.36
RE: Enquest
Sun 09:36
The market only sees what it wants, production v's number of shares v's amount of dept, puts us somewhere between half and two thirds of PMO's sp at the moment. Simple yes jmo.
Squif
Posts: 1,693
Opinion:No Opinion
Price:21.36
RE: Bigger picture
Sun 08:53
Interesting chilts. Thanks for sharing. Doesnt explain though why enquest is only up 15% on its lows whereas others have doubled...
chilting
Posts: 4,146
Opinion:No Opinion
Price:21.36
Bigger picture
Sun 08:20
One factor that has been holding down the SP is lack of volume - this story from Reuters confirms that the whole market is affected - its all rather flat.

https://uk.reuters.com/article/us-britain-eu-city/brexit-inertia-means-londons-finance-workers-face-summer-slump-idUKKCN1RU2HZ

Still, look on the bright side, maybe Sticky Vicky and her ilk will be judged suplus to requirements.
Frac
Posts: 913
Opinion:No Opinion
Price:21.36
RE: I'm with Pelle
Sat 21:55
Bigger picture would suggest that an early dividend policy would see him cashing in without selling. BIM Enquest may be seen as an oil hedge for Bahrain ( depending on his Politics ??) :https://www.theoilandgasyear.com/market/bahrain/
Krakenoil
Posts: 3,818
Opinion:No Opinion
Price:21.36
RE: I'm with Pelle
Sat 21:54
I’d rather 2 x 5p dividends in 2021 lol
January
Posts: 5,616
Opinion:No Opinion
Price:21.36
I'm with Pelle
Sat 20:31
I smell dividends for us in 2021.

A 5p dividend will only cost £85m per annum. I could see them kick off with this sort of level in 2021.

However lets make sure we get everything working correctly first !
Squif
Posts: 1,693
Opinion:No Opinion
Price:21.36
RE: Group production
Sat 18:26
Pelle - AB will not give operational control of the company to anyone else. He will milk this dry. I think that the market wants to see real debt reduction and not just shifting of money between non-current and current liabilities. But we should get some good debt reduction this half. IF not then it looks grim.
fixturelist
Posts: 28
Opinion:No Opinion
Price:21.36
RE: Load #35
Sat 17:55
Sticky Vicky has a vested interest in keeping the price low.
Plethorus
Posts: 31
Opinion:No Opinion
Price:21.36
RE: Enquest
Sat 17:52
The market might want to see evidence of debt reduction, kraken improvement and decent hedging before bidding up the share price




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