RE: Cairn10 Mar 2020 09:37
E121,
If I remember correctly. At the time the market reacted negatively to the Cairn write down because it believed and went with the Cairn numbers and not Enquest's. Now this could have been because Kraken had problems at that time, however the valuation of Enquest was impacted to the downside at that time. To my knowledge this has not been reversed until now. I understand that bigger things are in play at this time, but it is a positive because now the market is able to take Enquest's numbers where as in the past it believed Cairn's. The market was valuing Enquest at % of it's NAV based on various influences, this should help to increase that percentage going forward.
My thoughts
JAN