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Pin to quick picksEnquest Share News (ENQ)

Share Price Information for Enquest (ENQ)

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21.95    -0.30 (-1.35%)
Bid:
21.95
Ask:
22.05
Spread: 0.10 (0.456%)
Market Cap: £408.51m
ENQ Live PriceLast checked at - London Stock Exchange

Intraday Enquest Share Chart

BUZZ-EnQuest: debt relief

Fri, 23rd Jan 2015 10:59

** London-listed oil and gas producer's shares soaras much as 54 pct after lenders relaxed covenants until mid-2017

** Co renegotiated credit facilities and cut capex, butstill expects production in 2015 to improve as output from twokey assets ramps up

** "It looks like Enquest has taken serious actions to dealwith the lower oil price environment," Swedbank analysts said ina note

** Stock jumps most ever in a single day and was the biggestboost to the FTSE Small Cap index

** Co has access to $1.2 bln in credit facilities plus a$500 mln accordion facility (abhiram.nandakumar.thomsonreuters.com@reuters.net)

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