Watch the latest episode of focusIR Fireside Chats: Why Edinburgh Investment Trust Is Backing Turnaround Stocks for 2026 Growth. Viewhere

Less Ads, More Data, More Tools Register for FREE

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)

Enquest

Shares in this article

Related News

UK's FTSE 100 rises as energy and consumer staples gain
10 Jun 2026

UK's FTSE 100 rises as energy and consumer staples gain

June 10 (Reuters) - UK's ​FTSE 100 ⁠closed higher on Wednesday with energy ​and consumer staples stocks providing a lift, though the index remained st...

Market News Tesco + 4 more shares
LONDON MARKET MIDDAY: Stocks down as nervy market awaits US inflation
10 Jun 2026

LONDON MARKET MIDDAY: Stocks down as nervy market awaits US inflation

(Alliance News) - Stock prices in London were lower at midday on Wednesday, as jittery investors looked ahead to US inflation data, and the conflict b...

Market News Tesco + 8 more shares
WINNERS & LOSERS: EnQuest up; Fuller's hikes dividend as revenue rises
10 Jun 2026

WINNERS & LOSERS: EnQuest up; Fuller's hikes dividend as revenue rises

(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Wednesday.

Risers and Fallers Enquest + 20 more shares