Enquest Share Discussion Threads

[mallorca 9] 17/3/2019 22:04

Results due Thursday !
Will they have to announce an impairment charge due to Kracken downgrade - as Cairn has .
Should see sub 10p.

[stansmith3] 17/3/2019 20:13

not caring is a useful attribute as peers have been rising 15% whilst this has fallen 15%

[patience a virtue] 17/3/2019 19:23

Do not care where the bottom is but I feel kind of lucky that I had the opportunity to top up last week.
Look forward to the 21st. GLA.

[stansmith3] 17/3/2019 17:44

perhaps not, but the 50s is a bit of a memory now is it not?oil is pretty much at the levels when the share price did get over 50...two more years worth of oil pumped and sold, debt similar, more shares, more oil...but i agree the lower this falls the more interesting it getswhere is the bottom?

[avidacre] 17/3/2019 14:14

How much does the storage vessel (bw catcher )cost daily.

[chutes01] 17/3/2019 14:08

With Magnus, Thistle, Heather, Kracken and SVT, sorry Magaluf, this is not going bust.
Intruiging price action though

[mallorca 9] 17/3/2019 10:57

My best short ever.
Well over £35k up now.
Trailing stop and will hold out for fundraising which should see the share price fall below 1p.

[undervalued companies] 16/3/2019 21:13

Interesting level in enquest on watchlist check out others thoughts @chrisoil Twitter

[runner2018] 16/3/2019 18:53

we could all do with a boost from this baby next weeksorry to see interserve get grabbed by american moneyshame about brexitfarage for prime minister and tommy for deputy

[stansmith3] 16/3/2019 14:32

did you have a quick look at the balance sheet also?

[steelwatch] 16/3/2019 11:39

3 AHTS due to arrive this evening for TO Leader tow-away. This should be highlighted with upcoming prelims on Thursday.

edit: severe gale forecast for Viking and tugs appear to be diverting to Lerwick area to wait it out.

[steelwatch] 16/3/2019 11:25

LSE has it as Security market cap, £m 271.10

[11_percent] 16/3/2019 11:14

Had a quick look at this, and it looks oversold.

A few problems, but no show-stoppers.

[steelwatch] 16/3/2019 10:42

Market Cap 263m

[chrisa1] 16/3/2019 09:49

ok, m/cap 259m

[sleveen] 16/3/2019 09:30

Using a net ENQ figure of 10k bopd foregone and a gross operating profit figure of $45/bl (66- 21 operating costs)*365 days gives a more realistic figure of $164m foregone.

Still a fair wedge but less than half your exagerated figure.

[chrisa1] 16/3/2019 09:30

The value of the underlying assets are worth more than the m/cap?

[richardbroughton] 16/3/2019 08:56

The market likes companies that under promise and over deliver , the situation here is the opposite. Kraken under performing by 15K bopd at $66 is $350M per year, an amount critical to debt reduction. Very disappointing and costly. The CNE downgrade was another nail in the same coffin! regards Richard

[cumnor] 15/3/2019 20:59

Re Kraken, would be astonished if the RNS contradicting the CNE downgrade was anything but factual and in good faith as it would leave the directors open to accusations of misleading the market deliberately-or worse-were they in possession of any information to the contrary. The Enq RNS was somewhat unusual and would draw attention to the BOD were ENQ to change their tune in a few days without good reason, esp in the present regulatory and litigious environment. They must be fairly confident, esp after raising cash from big investors at a much higher price. imo

[sleveen] 15/3/2019 20:22

Have to agree with you Leo.

[leoneobull] 15/3/2019 17:59

I'm listening to the webcast from Cairn's results. Doesn't sound all that bad. 30 to 35000 KRAKEN versus 30300 last year

[stupmy] 15/3/2019 17:52

Yes, of course, it could. The problem is 'the not knowing'. There was a broker note a few weeks ago with a 15p target (that was given well above the current price). They were/are very close to the money. Kraken looks likely to disappoint on the 21st. My hope is that there are not any negative changes wrt Magnus. Someone said on this thread 'follow the money'. That's ambiguous. The intention was to highlight the director buys (substantial). But the money is jumping ship, that's clear. Nothing can be done until Monday mind so don't fret and perhaps consider buying your loved ones a little gift to keep them sweet

[leoneobull] 15/3/2019 17:39

Could it simply be selling by an institution for risk management purposes?