I imagine this price between 60-70 is enough for us for the time being, but still to low for shale to expand. The effects of IMO2020 should really start now.
Yes its terrible for them, but i think its a good thing for Enquest, maby this opens up for some more serious analyst-covering for the sector, and if thats the case, Enquest could only benefit from that.
Do they have way bigger reserves? We seem to have apprx the same production for 2020, but they have 1.3B more in debt. Seems very overrated in comparison to ENQ even thou its 50% down this morning.