Enquest Share Price (ENQ)

Agree squif and can I say a big thanks for your well balanced and informative post lately...much appreciate !!

And as they say ...‘Owe a million is your problem, owe a billion is the banks problem’

Stay safe all!!!

Agreed romaron. I believe that everyone is assuming a cataclysmic scenario. The world Will get back to work and as you write the lenders Will be supportive of healthy businesses. Enquest is healthy with an overall ebitda:net debt of < 1.5. In the us shale Patch this is over 5. In some parts of the world such as us and Canada barrels of oil are fetching less than $5 at this point in time. Chad is paying sovereign debt with Cattle - there is a world of pain and according to my calcs enquest has approximately 290m at present after using all 65 hedges. Most capex is frontloaded (Magnus is Done and kraken ongoing).

Great posts as always.

If needed the SFA will be extended with payment holidays. Do your sums and use PIK for SFA repayments. Last night Trump was using Boeing as an example. He said that Boeing is 1% of US GDP (warning: his figures) but without planes the hotel and tourist business dies. In turn It affects millions and millions of jobs. Planes will fly again. Everybody is in the same boat and criteria will be relaxed or extended unless the company is beyond help.

p.s. does anybody know where I can buy a cheap ox and cart?

P :)

I must say there where several minutes chopped off the Luckock interview ( as I watched it live)...he did go on to say they only see this bottom Bent price for a couple weeks, to bring balance back to the market....he also went on to state they are still bullish on oil and see 40’s by year end.....Doomberg at it again!!!