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Hello, Pelle!
I have drawn my calculations based on oilprice at 72$ as average for 2022 and a cost per barrel at 35$ so I have calculated with very low expectations but I rather calculate like that than with the oilprice as today etc.
With that said we can unite that the valuation is way to low on enquest ;)
Hi foks! I have done some serious calculations based on old reports and anticipated productón if total 59 k boepd for 2022. I beleive that 2020-2021 was two years of "tranformation" for enquest. The foundation is so mutch stronger after the GE-deal and after the strip off 2020 in 2020 when the company cut down the cost per boepd dramaticaly.
I strongly beleive that the net debt in the end of 2021 is slightly higher than net debt 2020 around 1 300 MUSD but when we head into 2022 with these oilprices and the "new company" we will benifit massivly of the oilprice and also the lower cost per boepd. I think the net debt could reach 800-900 MUSD in the end of 2022 then the debt no longer is a big "issue" for investors and enquest could focus more and more on the business and dividend as well. Enquest is valued at p/e-ratio of 1 at todays valuation for 2022. Let that sink in. Hold on foks!
Since they annonced the deal the Brentprice has walket the path up from ~50$ til todays 76,5$ we also got at higher price for the new shares than we could hope for and also the re-finance rate was a very nice news as well. The stockprice already lag a lot. Precorona the price was 3,4 kr and today it is 2,64 kr with ~4$ higher oilprice and a mutch healtier company today becasue of the B/E on FCF moved down by ~8$.
Best of luck
The fundamentals is just fantastic at this point the debt is coming down rapidly the re-finance is in place and the interest rate is mutch better than we could hope for and the deal is now seald for real (GE). On all of this we have very nice hedges in place and a brentprice today that is targeting 80$.
On the technical side we have potential break-out from a 7 year long loadup.
Good luck to ya all!
People dont have the patience... I think that we are very close to "explode" on the upside in the next coming weeks... We har trading around with p/e 1... The debt is down with ~800 MUSD over the last ~3,5 years that is 2x the total marketcap... Let that sink in...
I have spoken to Ian and the reason why we is not getting any update about the net debt now is that The debt is not longer a big conser for the company, they updated it more often before because it was so big and had a great impact on the company now the debt is under control and we will only get update about it every half year with the results.
/
How much cound you think that EnQuest could get for the vessel?
https://www.energyvoice.com/oilandgas/north-sea/310435/significant-interest-enquest-vessel/
Hello, Jonathan!
I have some questions about the financial situation in EnQuest now wen we experience these prices in oil.
Do you see if this situation in oilprice continues for let say one more year that you will need to raise capital some way to mantain the operation?
Is EnqQuest going to annonce some productionupdates in some time in the near future?
Best regards
Answer:
Dear Pontus,
We are confident that at current oil prices operations will continue as expected and that we will be able to refinance the credit facility due in October 2021. We do not expect that we will need to raise capital to maintain day to day operations.
Regarding the refinancing of the credit facility, we see three main options for refinancing the existing facility available to us;
- Extend the existing loan facility for a short period
- Refinance the loan through a new short term facility
- Enter into a “prepay” arrangement whereby we receive cash now in return for delivering a fixed number of barrels of oil to the counterparty over a fixed period of time (so effectively we lock in a price for these barrels now and get paid up front). We have done this before and so are confident we could do something similar again
The next operations update will be towards the end of this month, as we have done in previous years.
Kind regards,
Jon
So no need to raise capital at "current oilprices" this was said when we saw oilprice in 44-45$ thats ~7$ ago... So enquest is doing fine with prices around 44-45$, now they have a chance to secure some of the production for 2021 at a pricelivel above 50$ and the world will win the battle against corona and the need for oil is going to skyrock towards 2022.
Good luck to ya all! / Sven
Thanks, romaron for that answer! I agree with you completely I think is just a question of days now with brant this high that people will see the future for what it is and that is that is still a very long time left for the oilindustry to earn hevy money and very far from the greentech to have some ernings, (I think it is what we see in the oil price) when people understand that we have counted out the oilindustry to earlie the rocket will launch and I think it will happen very soon now when we have brent price at these levels.
Good luck!
I cant wrap my head around the situation, when brent went up towards 45$ earlier this year, EnQuest price in stock reached a level ~40% higher as it highest level than the level we is in today... Now brent is at 51,6$ and the vaccination is taking place around the world, enquest have cut down The debt from 1990 M$ - - - > 1390M$ thats 600 M$ and the time it took was ~3 years, EnQuest have amortising down ~200 M$ at average every year and the total marketcap is around that level, if we just look a little bright on the future we should the coming 3 years ahead reach a level in the pricing on this company mutch higher than todays valuation, we could easily have an dividend between 50-100 M$ that is 25% ore 50% of The total marketcap today in clean dividend! Hold in foks! Money talks! The greentech bouble that we is experiences now will pop and then investors will look at companys that actually make money.
GOOD luck to ya all!
I have followed EnQuest since 2013 and I can just say that EnQuest have paid of very well, the moves it can do when the signal is "buy" in the TA is absolutely fantastic! We have a buysignal in weekly MACD have activete the signal, we only have one more of these signals this year and then enquest bottomout on 7,14p and reatched as it highest 16,6p so a move over 100% over the years thiese kinds of movements have appeared every singel year 1-2 times now the "bottom" is 8,67p and if we move like the first time this year we should reach ~20p in my opinion. In the fundamental view we have higher oilprice than the last move and we have a brighter future as well with vaccines rolling out as we speak. Good luck!
Thanks for the answers guys! I stick my neck out and say that we are lookin for lower production in 2020 due to the shutdowns for Thistle and Heather I expect the full year to end between 63-68 000 BOEPD wich I still Think is great then I expect production to grow in 2021 again!