RE: Debt Refinance12 Jan 2021 21:57
SLIFT REMARKS ON TLW BOARD
Enquest board? I rarely post there.
Lots of hype on Enquests' share price and twitter (Baron and followers).
Enquest is in a worse position than Tullow (or will be). Not even $60/barrel can save them from debt restructure (with potential dilution) in the next couple quarters. Would be interesting to see what happens.
Strange isn't it?
At the start of the pandemic crash in March 2020, the position of PMO, TLW and ENQ in returning value to shareholders:
ENQ > PMO > TLW (significant uncertainty of being a going concern)
10 Months later:
TLW > PMO >= ENQ
Though this may yet again change in the near future depending on ENQ's strategy.
ALL IMO. GLA.