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ENQ Enquest Plc

15.56
-0.48 (-2.99%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Enquest Plc LSE:ENQ London Ordinary Share GB00B635TG28 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.48 -2.99% 15.56 5,177,929 16:35:28
Bid Price Offer Price High Price Low Price Open Price
15.64 15.70 16.04 15.36 16.04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD 1.92B USD -41.23M USD -0.0224 -6.99 288.69M
Last Trade Time Trade Type Trade Size Trade Price Currency
18:04:55 O 5,387 15.668 GBX

Enquest (ENQ) Latest News

Enquest (ENQ) Discussions and Chat

Enquest Forums and Chat

Date Time Title Posts
19/4/202412:54ENQUEST1,887
18/4/202414:51Enquest Pure Class13,196
14/4/202221:17why this stock (looks) so extremely cheap? 3
05/2/202219:12Enquest charts1,633
09/7/202114:46Enquest Plc - 20215

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Enquest (ENQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
17:04:5615.675,387844.04O
17:04:5415.56138,94421,615.52O
17:04:2715.464,914759.80O
16:33:4615.69485,63476,205.69O
16:30:5215.4733,3605,162.13O

Enquest (ENQ) Top Chat Posts

Top Posts
Posted at 19/4/2024 09:20 by Enquest Daily Update
Enquest Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker ENQ. The last closing price for Enquest was 16.04p.
Enquest currently has 1,843,500,000 shares in issue. The market capitalisation of Enquest is £288,692,100.
Enquest has a price to earnings ratio (PE ratio) of -6.99.
This morning ENQ shares opened at 16.04p
Posted at 11/4/2024 17:07 by clunes100
ENQ IR confirmed buybacks of shares starts this month - earlier than I expected/predicted.

Steady upwards share price trend for a month now - up 32.08%

As risk decreases with debt reducing and current POO means increased FCF, this steady upward trend should continue, hopefully supported by some good news and decent analyst updated targets.
Posted at 28/3/2024 08:58 by ashkv
SP: 14
ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24: 23.02%
ENQ Current Share Price vs 52 Week High of 19.72p on 3 Apr 23: -29.01%
Brent: $85.50
Shares Outstanding:
GBPUSD: 1.26
Production To End Feb 2024: 44,500
Production Mid-Guidance 2024 (Guidance 41,000 to 45,000): 43,000
Production Actual 2023 Production (Guidance 42,000 to 46,000): 43,812
Production Average (Actual) FY 2022: 47,259
Net Debt (USD) as of 29 Feb 24: $409,600,000
Market Cap (GBP): £268,229,407
Market Cap (USD): $337,969,053
ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD): $747,569,053
EV/Barrel(USD) Production To End Feb 2024: $16,799
EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d: $17,385
EV/Barrel(USD) Actual 2023 Production (Mid-Point): $17,063
EV/Barrel(USD) Average Production FY 2022: $15,819
Decommissioning Provision (FY 2023): $755,762,000
EV/Barrel(USD) including Decommissioning Provision: $34,313
2P Reserves BoE (Year End 2023): 175,000,000
EV/2P: $4.27
Posted at 22/3/2024 14:13 by american idiot
Expecting / hoping for a run up in the shareprice into next weeks results.

Optimistic on 2024 FY numbers & outlook as well.

Enquest have made huge strides over the past five or so years.

The doubts analysts had about Kraken reliability have been completely unfounded.

The management of Enquest are really first class.

A small divi would be nice short-term but think a share buy back would be more beneficial to shareholders longer-term.
Posted at 21/2/2024 11:26 by blackhorse23
Group doesn't care about shareholders that's why share price is suffering. ENQ always looking for money & never return anything to shareholders last 10 years. Why people invest in here?? No reason
Posted at 15/2/2024 07:40 by ashkv
SP: 12.14
ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24: 6.68%
ENQ Current Share Price vs 52 Week High of 20.05p on 17 Feb 23: -39.45%
Brent: $81.50
Shares Outstanding:
GBPUSD: 1.255
Production Mid-Guidance 2024 (Guidance 41,000 to 45,000): 43,000
Production Actual 2023 Production (Guidance 42,000 to 46,000): 43,812
Production Average (Actual) FY 2022: 47,259
Net Debt (USD) as of 31 Dec 23: $481,000,000
Market Cap (GBP): £232,153,719
Market Cap (USD): $291,352,918
ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD): $772,352,918
EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d: $17,962
EV/Barrel(USD) Actual 2023 Production (Mid-Point): $17,629
EV/Barrel(USD) Average Production FY 2022: $16,343
Decommissioning Provision (HY 2023): $715,139,000
EV/Barrel(USD) including Decommissioning Provision: $33,952
2P Reserves BoE (Year End 2022): 190,000,000
EV/2P: $4.07
EV (Including Decommissioning Costs)/2P: $7.83
Posted at 29/1/2024 10:12 by s34icknote
Yes but charts don't take account oil price and world events unfolding ! The chart followed oil down ! With profit levy and sentiment ! If oil gets over 90 dollars and enq start paying a div the share price will react ! How much is a 1 p div ? In dollar terms
Posted at 05/12/2023 15:51 by steelwatch
Subsequent release @ 15:30:

"EnQuest PLC ('EnQuest' or the 'Company') announced today, 5 December 2023, that the Company has applied for delisting of EnQuest's shares, short name ENQ, ISIN code GB00B635TG28, from Nasdaq Stockholm. Nasdaq Stockholm has now approved the application for delisting and has determined that the last day of trading of EnQuest's shares will be 19 December 2023. The Company's shares will remain listed on the London Stock Exchange"
Posted at 13/5/2023 02:40 by steelwatch
EnQuest to make Sullom Voe Terminal infrastructure ‘fit for purpose’

12/05/2023, 4:58 pm

The operator of the Sullom Voe Terminal, EnQuest (LON: ENQ), is planning to rework its processing facilities to make the site smaller and reflect “substantially” reduced production rates.

By making the size of the facilities more compact there would be extra space to host new energy opportunities such as hydrogen production – which is a key part of operator London-listed EnQuest’s future strategy at the site.

Meanwhile the company has confirmed it is reviewing its options for the power station at Sullom Voe Terminal.

The gas-fired station, which meets around 30 per cent of Shetland’s energy demand from surplus power, is set to go into standby mode after the isles connect to the national grid next year, according to network operator SSEN.

EnQuest said opportunities are being assessed for a potential connection to the Shetland grid that would “allow the terminal to operate on sustainable electricity in the future from Shetland’s onshore wind farms that are currently being developed”.

The project to modernise and make the terminal facilities more fit for purpose revolves around new stabilisation infrastructure.

It will allow for the existing process area and surge tanks to be taken out of service.

It will feature a new run of inlet pipework tied-in downstream of the existing East of Shetland Ninian crude pipeline pig receiver, routing the unstabilised oil through new inlet metering and a new indirect fired heater system.

The proposed development would be located on land within the terminal previously occupied by now removed LPG chilldown facilities.

Sullom Voe – crucial oil terminal
The terminal first took in oil in the late 1970s, and at its peak it was processing more than 1.5 million barrels of oil a day.

It takes in oil from fields to the east and west of Shetland, with tankers stopping by to fill up before shipping it elsewhere to refineries.

As production declines in the waters around Shetland, the terminal is much quieter now than it used to be – and it is left with infrastructure oversized for its needs.

In 1986 over 650 tankers used the port of Sullom Voe, but only 63 crude oil export tankers using the port in 2017/18, for example. There were six tankers over the last four week period.

A briefing note prepared as part of a planning submission says existing terminal facilities are operating “inefficiently” due to being oversized for current and future production rates.

This in turn means that the power demand at the site is higher than required.

There is also the factor of equipment and infrastructure ageing.

The planning submission said the terminal owners and operator recognise that ongoing oil processing at Sullom Voe is dependent on reducing the costs of running the facility.

They said the new stabilisation project has been crated to deliver the “optimum route to sustainable late life operations”.

Reviews are ongoing to allow the project to get the go-ahead later this year.

The new infrastructure is expected to include a 50m high flare – but the existing flare on site, which is double the size, is expected to stay in case it is needed. The new flare system has been designed to include a seal to avoid the need for flaring under normal operating conditions.

The overall flaring is expected to reduce.

Excess East of Shetland offgas from stabilisation which is surplus to fuel gas requirements will be treated, compressed and injected into the East of Shetland pipeline system or the Shetland Island Regional Gas Export (SIRGE) pipeline.

This will result in eliminating any continuous flaring of East of Shetland gas, and is a charge to current operations as just now all of this gas is used as fuel within the site’s power station.

‘Re-invented as a green site’
Planning documents say the project is “seen as one of the pre-cursors to allow SVT to be re-invented as a green energy site, while also making the stabilisation process itself more energy efficient”.

EnQuest has not been shy about revealing its desire to develop the site into a “new energy and decarbonisation hub” in the transition away from oil and gas.

It says the terminal has several competitive advantages in the emerging sector: “including a 1,000-acre industrial site with access to existing oil and gas pipeline infrastructure, deep water port and jetties, the highest wind capacity factor across Europe, and a highly-skilled workforce and local supply chain”.

It is assessing the potential to electrify nearby offshore oil and gas assets and planned developments through a grid connection supplemented with renewable power.

EnQuest also plans to “aggregate and use the excess energy” produced by onshore and offshore wind farms “near Sullom Voe” to make hydrogen and other products such as green ammonia or clean fuels.

It has an ambition to produce one million tonnes of hydrogen per annum, but some questions have been raised about how achievable this will be.

Meanwhile the company said it could use the existing deep-water jetty facilities at the terminal to export hydrogen to the UK, Europe and globally.

EnQuest has also applied for carbon capture and storage licences to the East of Shetland, which could potentially tap into a pipeline system operated by the company.

Regarding the future of the Sullom Voe Terminal power station, a spokesperson for EnQuest said it is exploring its options.

“EnQuest is in discussions with SSEN about the changing power landscape in Shetland and how our operations will link in to any future power solutions,” they said.

A briefing document prepared last year by SSEN on its future overhead power line needs in Shetland highlighted that the terminal’s power station could go into standby mode when the isles are connected to the national grid by subsea cable.

Lerwick Power Station, built in 1953 and the main source of energy in Shetland, is also in line to go into standby mode and will only back into life if there is an outage on the subsea transmission link.
Posted at 06/3/2023 09:59 by master rsi
An Intrinsic Calculation For EnQuest PLC (LON:ENQ) Suggests It's 46% Undervalued
Key Insights
Using the 2 Stage Free Cash Flow to Equity, EnQuest fair value estimate is UK£0.35

Current share price of UK£0.19 suggests EnQuest is potentially 46% undervalued

Our fair value estimate is 11% lower than EnQuest's analyst price target of US$0.31

Today we will run through one way of estimating the intrinsic value of EnQuest PLC (LON:ENQ) by taking the expected future cash flows and discounting them to today's value. Our analysis will employ the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.

Remember though, that there are many ways to estimate a company's value, and a DCF is just one method. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.

See our latest analysis for EnQuest

The Model
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.

Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:
Posted at 16/11/2022 17:48 by clunes100
The rate of debt repayment will slow with EPL, however, given the level of cash being generated, no tax on normal profits due to accumulated losses, the windfall tax will delay reaching a given point by a few weeks or couple of months maximum. The fact is the debt will continue to be paid down very quickly and that of course means net assets increase and we all already know how silly the current MCap is. So as long as Oil stays above US$90, frankly anything above US$75 would do - the share price will inevitably go up and ENQ's hedges are in place for a large amount of production.

ENQ at this share price level must also become an increasingly attractive takeover target, I certainly would not want to be out of ENQ at the moment. If ENQ just hits the higher end of their production targets, the share price will rise as all the analysts have factored in lower end or median at best. Recent ENQ shutdowns have been shorter than expected and if ENQ has kept on top of budgets and timescales for shutdowns in this period, the chances of hitting higher end production targets are good. The budget will also clear the air with respect to uncertainties and there could even be an upside if EPL is 25 or 30% instead of 35% or more and if the O&G minnows can offset tax losses, now that would certainly be an upside.

I see downside risk being low but following the budget and update - I believe there is real upside potential here at ENQ.
Enquest share price data is direct from the London Stock Exchange

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