Move up on the cards27 Nov 2019 08:43
It appears the MMs have allowed this to sit around this level and I expect with strong Brent prices (I'm sure the ARAMCO IPO is playing a role) is underpinning the price, Enquest and its peers will be locking in decent hedges. Output top end of guidance and debt falling, leverage unwinding - onwards and upwards. Currently priced well below fair value...….expecting the Xmas rally to really boost the SP here along with demand sentiment.