Share Name Share Symbol Market Type Share ISIN Share Description
Enquest LSE:ENQ London Ordinary Share GB00B635TG28 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00p -4.97% 38.25p 38.25p 38.50p 39.75p 37.75p 39.25p 4,573,426.00 11:22:42
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 616.6 -910.1 -66.5 - 443.47

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Date Time Title Posts
08/12/201611:47Enquest Pure Class2,881.00
20/1/201518:53Enquest charts9.00
03/12/201413:01*** EnQuest ***18.00

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Enquest Daily Update: Enquest is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ENQ. The last closing price for Enquest was 40.25p.
Enquest has a 4 week average price of 29.93p and a 12 week average price of 28.21p.
The 1 year high share price is 41.50p while the 1 year low share price is currently 10.50p.
There are currently 1,159,398,871 shares in issue and the average daily traded volume is 12,049,054 shares. The market capitalisation of Enquest is £443,470,068.16.
discodave4: Early in 2014 the share price was £1.25, eps was about 15p (year end Dec 2013), thus a PE of about 8x.H1 this year alone eps was 15.3p, annualised and allowing for dilution that's circa eps 23p for the year, so if my maths is correct with a PE of 8x that gives a target price of £1.84. that's excluding increasing poo and Kraken. Am I missing something?.DD
mreasygoing: If I were a shorter would I be cashing in now if the share price is going to be underpinned at 23p ?The market seems to like the fact that Kraken is now funded as the share price should be around 25p this morning.
mreasygoing: Oil up strongly again. Those 5% shorts will be forced to close soon. ENQ share price is like a dam waiting to burst.
mreasygoing: BP. are now back at August 2014 share price levels, if ENQ is just lagging then we should soon see a move back to £1+. Compare the BP. Chart with ENQ and it looks very interesting.
steelwatch: Jefferies Group Raises Enquest Plc (ENQ) Price Target to GBX 31
master rsi: jezza123 Are you being silly or your are just like to make silly questions? no wonder you can not get the answer I posted and gave the reasons why I was buying, so I posted when I sold and the reasons why also. We are here to make money, and I made more than 50% this time, most likely your Portfolio has not made that in a YEAR, maybe the truth is you are down 50% well you are WELL down on ENQ, most likely bought at 75p+. And I thought you were only losing money on oils like BP. on 2009. The truth is I do not know what are you talking about if you are refering to me, I will go further, like someone that change ( his) mind in 24 hours, my change of hearts was after 9 days and a 50% rise, and I did say short term, my posting will not be very good for reading, but my decades of trading can read charts better than you for sure, and my bank account say so. re -jezza123 - yea you chart shows exactly what I mean - 22p is the resistance level as far as I can see... Now what one does when share price is futile to resistance....> sell, coz share price will move lower. in other words, YOU sing the song after already hearing the mood music next time make make sure you sing it better
master rsi: All very calm over here Why? already sold out after such a large rise for the last couple days? well I did this morning, as I was busy at another site talking about why. below the ins and outs........... re - sold out MasterRSI - Today 11:00 Nothing wrong with that, a profit is a profit, considering that it has risen by 50% in a couple day, order book still strong as is the 21.50p bid, negative just now A bit concern about the volume has slow down a lot, for the last hour only 1m shares were traded, well down with earlier sizes. Some resistance at 21.75p and Indicators have gone to overbought positions, after the sharp rise, but could still hold at this levels So I am considering to do the same ( short term ) if I see any weakness on the order book Positive Oil price is still rising and now spiking up $41.90 ------------ MasterRSI - Today 11:37 I am out too, share price has stuck with the resistance at the moment. other reasons end of the week, some profit taking must be on the way, after the over 50% rise Share price well ahead of top band Bollinger Bands ------- MasterRSI - Today 13:45 re buy back That is the idea, buy back after retracement. so many stock have had a large rise and then retracement of 50% and some times 61.8%, TLW, PMO, SIA, IAE, etc I bought ENQ @ 14p only 9 days ago, got 21.58p over 50% profit closing on a T+20, and I did not need to put any money, it would be silly not to sell, when everything was pointing to profit taking on the way ----------- MasterRSI Today 14:11 stockdale re - when to buy back The experience tells one when the time is right after looking at the figures in front of you with the prices at the time and the figures of the retracement. I am well known for my good timing, more at buying than selling, but I am improving at the latter also, I hope today will be another good point on that direction. If you want direction, then wait till I buy back. we do not know yet if today is going to be the high of this cycle, still early days. naturally my game is short term, for others maybe holding for the long term is much better, but do not expect to rise every day from now on. -------------- MasterRSI - Today 15:59 re - Buy low Sell high That one thing most investors have to learn, another is not to be greedy, when a large profit is at hand in a short time and the other when to buy and when to sell on the cycles of the share price movement the FTSE was up this morning , now is down Oil price was at best for the year not long ago, now is moving lower, will see if closing above yesterday's close Most oil share are on the red now, despite oil on the rise earlier ENQ has also been losing ground from the highs of the day 21.75 v 22p now 19.75p
bigbigdave: North Sea producer seeks help on debts The largest independent oil producer in the North Sea has drafted in banking advisers to help it slash its debts in the face of the low crude price. EnQuest’s credit rating was downgraded deeper into junk territory last week by Moody’s Investors Service. The oil company, which has offices in Aberdeen and London, is weighed down by £1.1bn in loans — 10 times its £119m market value. Faced with a worsening outlook, EnQuest recently held a beauty parade for debt specialists. It is understood that Rothschild, which was hired by rival Premier Oil for a similar mandate, is set to be appointed shortly. EnQuest’s share price has plunged by two thirds in the past year amid falling profits. Its £145m retail bond, issued in 2013, has fallen from 100p to 39p as of Friday, inflicting heavy losses on investors who backed the offer. Http://
master rsi: From the "UPS" thread ........... Cambridge news - February 16, 2016 Private Punter on a quest to highlight North Sea oil firm When it comes to risk and speculation, right now, there can be no better example than that of the oil production and exploration sector. The tumbling and protracted downward spiral of Brent crude has been a bitter pill for companies and investors alike to swallow over the last year, resulting in a massive scaling back on spend across the sector to preserve cash and manage extensive borrowing commitments. While there are any number of prospects for those who understand the risks on which to take a punt, I have decided to put North Sea operator Enquest in the frame, where at a current 13p per share it is submerged well below the £1.50p achieved just three years back. Although clearly not for widows and orphans, Enquest could nevertheless deliver some substantial share price appreciation in the coming years, if a number of positive factors come together. The first and overriding issue that concerns investors in the sector is to see some kind of stability return to the oil price, where a bottoming out from a one way downward run may ultimately signal a trend reversal. Of course, anyone like myself who recalls the barrel of oil sinking to just $12 back in the late 1990s, will also no doubt remember companies such as Premier Oil, Tullow and Cairn Energy residing in penny share territory prior to going on and seeing their share prices appreciate many times over. And to that end, such cyclical swings once more bring forth an opportunity, where in Enquest's case, it has the added attraction of being predominately focused around UK shores as opposed to more politically unstable regions. The company came to the market back in 2010, a direct result of the demerger of North Sea assets held by big players Petrofac and Lundin Petroleum. Although that saw the company immediately installed into the Footsie Mid 250, more recent industry woes have seen its market cap fall to just £104m, giving it a distinctly small cap look, which has resulted in its disappearing from the radar of many market watchers. However, Enquest has some notable and potentially money spinning assets which can be highlighted by its Kraken field interest, which is one of the largest in the North Sea, being located in the East Shetland basin. While full year revenue in its last preliminary results hit a sizeable £660m, registering a significant jump on the previous years £582m, the company nonetheless resided over a net loss of £119m, after various post-tax costs associated with the oil price retreat were factored in. That saw the share price already on a downward spiral retrace further southwards to the mid thirties, as the company revealed that it had greatly scaled back its capital expenditure programme, along with renegotiating its banking covenants until mid 2017. Although the shares subsequently fell even further, more recent news from the company may suggest that on a risk/reward basis Enquest presents a potentially exciting speculative opportunity, not least, as the shares are trading substantially below its estimated risked core book worth. More recently, as in December of last year, the company announced an operations update to the market which saw it forecasting a major increase in production throughout 2016 after experiencing what had been a strong performance in 2015. From July through to November the London HQ'd operator averaged around 35,000 barrels of oil per-day, representing a 26% increase on the prior period. Additionally, it cited this year's numbers as in the range of 44,000 to 48,000 of boe/d (barrels of oil equivalent per day) as benefits from its Alma/Galia North Sea assets flow through. This field only commenced production back in August of last year, but quickly delivered notable results with 4,000 barrels per day achieved, increasing by November as another well came on stream. While Enquest has certainly had to reign in on its ambitious development projects due to the industry woes, it is still poised to experience significant revenue uplift where its prized Kraken field remains on track to produce its first oil early next year. Although the longer term picture may well look more positive, for now, in keeping with peers, Enquest, with major borrowing commitments of its own, is very much concentrated on reducing and controlling costs. This has seen it successfully reduce its operating outlay to $39 a barrel which together with increasing production and any flat-lining or resumption in price would further assist the company. Alongside its substantial North Sea assets, the company has a number of interests further afield, in Malaysia, which could also play an integral part in boosting revenues over the medium to longer term. Admittedly, the sector may well be one that is as yet best avoided and would be buyers of the shares would no doubt like to see evidence of a move to positive free cash flow. That said, those who recall past cyclical events in the sector and who recognise the potential within Enquest's sizeable assets, may wish to opt to take a speculative punt at these levels, which may just provide lucrative returns over time.
ed 123: Could it be Kraken that is holding back Enquest's share price? Enquest's share of the capital cost? 60% of $6billion(?) = $3.6billion? Operating cost $30/bbl? Operating profit/bbl = $20. So it must produce 180 million barrels to cover the capital cost. Plus there's the cost of servicing the debt needed to fund the development. Estimated recoverable reserves are only 147 million barrels. Will the company be able to pay back its loans if the oil price stays around $50/bbl? I don't know but I suspect that such anxiety may be behind the failure of the share price to join the recent rally. Of course there's no immediate problem but it could be sapping confidence. The Enquest 5.5% Feb 22 trades at about 59/100. It hasn't joined this very recent rally. I think the market's pricing of Enquest debt will lead the way for the share price.
Enquest share price data is direct from the London Stock Exchange
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