Register
Login:
Share:
Email Facebook Twitter


London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England




Share Price Information for Enquest (ENQ)


Share Price: 20.12Bid: 20.06Ask: 20.16Change: 0.00 (0.00%)No Movement on Enquest
Spread: 0.10Spread as %: 0.50%Open: 20.50High: 20.84Low: 20.02Yesterday’s Close: 20.12

Enquest Plc Ord 5P

Enquest is listed in the FTSE 250, FTSE All-Share, FTSE 350, FTSE 350 Low Yield
Enquest is part of the Metals sector






Share Price SpacerPrice
20.12
Share Price SpacerBid
20.06
Share Price SpacerAsk
20.16
Share Price SpacerChange
0%0.00
Share Price SpacerVolume
4,912,400
Share Price SpacerOpen
20.50
Share Price SpacerHigh
20.84
Share Price SpacerLow
20.02
Share Price SpacerClose
20.12
Share Price SpacerCurrency
GBX


Currency Issue Country Shares in Issue Market Capitalisation Market Size
GBX GB 1,694.41m £340.91m 100,000

52 Week High 44.60 52 Week High Date 29-AUG-2018
52 Week Low 15.26 52 Week Low Date 15-MAR-2019

# Trades Vol. Sold Vol. Bought PE Ratio Earnings Dividend Yield
503 2,589,184 2,389,176 2.455 8.19 0.00 0.00




Date
Time
Trade Prc
Volume
Buy/Sell
Bid
Ask
Value
 

24-May-19
17:44:29
20.345
75,538
Buy* 
20.06
20.16
15.37k
Trade Type:
Ordinary

24-May-19
17:07:55
20.121
14,695
Buy* 
20.06
20.16
2,957
Trade Type:
Ordinary

24-May-19
16:38:11
20.12
20,000
Buy* 
20.06
20.16
4,024
Trade Type:
Automatic execution




View more Enquest trades >>

Directors Deals for Enquest (ENQ)
Trade DateActionNotifierPriceCurrencyAmountHolding
17-May-19Buy
Trade Notifier Information for EnQuest
Amjad Bseisu held the position of CEO at EnQuest at the time of this trade.
 Amjad Bseisu
19.6GBX545,965159923695
10-May-19Buy
Trade Notifier Information for EnQuest
Amjad Bseisu held the position of CEO at EnQuest at the time of this trade.
 Amjad Bseisu
19.7GBX483,688159377730
07-May-19Buy
Trade Notifier Information for EnQuest
Helmut Langanger held the position of Senior Independent Director at EnQuest at the time of this trade.
 Helmut Langanger
20GBX87,302500000
View more Enquest directors dealings >>


Pelle
Posts: 1,218
Opinion:No Opinion
Price:20.12
RE: North Sea monster rides the storms
Today 04:26
Thanks Dol, good article.
riskingit
Posts: 36
Opinion:No Opinion
Price:20.12
RE: Today
Today 03:58
Hi E121,
No, I didn't attend the AGM.
Thanks again for the info and answering my question.
Reading between the lines it feels like the worst is behind us now so onwards and upwards.
I'm a long term holder - Both Enquest and Petrofac right back to the demerger days. It's been painful but I'm optimistic now - For Enquest at least

Rgds Risk
Dol03
Posts: 1,096
Opinion:No Opinion
Price:20.12
RE: North Sea monster rides the storms
Fri 23:52
terminal on Shetland and has operations in Malaysia.

A trading update yesterday showed that the group’s production was running about 25 per cent ahead, year-on-year. Production equivalent to 69,973 barrels of oil per day was achieved in the first four months of the year and the company maintained its guidance of between 63,000 and 70,000 barrels for the full year. In addition to a strong performance from the Magnus field there was “significantly improved” performance from Kraken, although previous guidance of producing between 30,000 and 35,000 barrels from it was not upgraded. Simon Thomson, 54, Cairn Energy’s chief executive, told shareholders at its recent annual meeting that Kraken had been producing more than 45,000 barrels on some days this month.
Enquest’s net debt was trimmed by $50 million in the first four months of the year to $1.7 billion and Amjad Bseisu, 55, the chief executive, confirmed that strengthening the balance sheet and reducing debt was a focus for this year.
At current oil prices, Mr Bseisu hopes that the ratio of net debt to earnings before interest, tax, depreciation and amortisation can be below two times. That would be the first time since 2014 that the measure had fallen to that level.

He also confirmed that Enquest was looking at adding to its UK assets through new licences as well as drilling at its existing operation. He said: “We are sorting our Kraken issues and I think we have [other] assets which are outperforming. Hence we are feeling quite good about the asset base we have.”
Analysts at Jefferies suggested that the production performance was “encouraging” while Canaccord Genuity predicted that net debt could end the year at between $1.5 billion and $1.6 billion depending on the oil price.

Mr Bseisu’s generally upbeat tone and the trading update appeared to do little to reassure investors concerned about commodity fluctuations, however. Brent crude futures, the international benchmark for oil prices, was set to have its worst week this year, with the price falling below $69 per barrel yesterday. Rising oil inventories in the United States and the tense trade stand-off between China and America were among the factors that analysts cited for the fall.
Even though Enquest has more than 11 million barrels of production for this year hedged at an average floor price of $66, its shares were down 12.2 per cent at just over 20p. The stock had been changing hands for about 44p as recently as last August.
ADVICE Hold
WHY There is little upside in jettisoning the shares now. Operational and fiscal improvements are coming through steadily
Dol03
Posts: 1,096
Opinion:No Opinion
Price:20.12
RE: North Sea monster rides the storms
Fri 23:49
In Scandinavian folklore the Kraken is a giant squid-like creature that can sink ships. For Enquest, the oil and gas group, its Kraken is a North Sea oilfield that cost about $2.3 billion and has not quite performed as expected since it went into operation in the summer of 2017.

What was supposed to have been a big beast producing 50,000 barrels a day has been dogged by delays, equipment problems and service outages. Average production has hovered at about 30,000 barrels per day, resulting in Cairn Energy, which holds a minority stake in the field, writing down the value of its interest this year.

Enquest was founded in 2010 through the merger of the UK North Sea businesses of Petrofac and Lundin Petroleum. It is one of the largest independent producers in the North Sea, operates the Sullom Voe
Krakenoil
Posts: 4,150
Opinion:No Opinion
Price:20.12
RE: North Sea monster rides the storms
Fri 22:53
Only got the headline
View more share chat for Enquest (ENQ) >>







Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk











Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.