RE: Be the first5 Jul 2022 15:16
Yeah maybe, market seems to have turned on small cap oil producers since the Rishi raid. I held the Enq bond since it was released (think around 2013/14) and been a real roller coaster. Oil prices may be riding high now but this can soon change. There is significant debt to be refinanced in 2023 which I think will be key as to whether this is a bargain or not. I think the risk/reward on this one isn't bad but with the level of debt and disappointing historic performance of this company it is not a buy and sleep safely sort of bond.