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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Enquest Plc | ENQ | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.32 | 2.72% | 12.08 | 16:35:27 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 12.32 | 11.60 | 12.32 | 12.08 | 11.76 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 17/11/2024 10:44 by imnotspartacus Surely, with net debt now so low, they can start paying a dividend. |
Posted at 01/11/2024 09:22 by loglorry1 I own a fair slug of the bonds and some equity but the time has come to start to take in more of the equity.The tax changes are good for ENQ tax profile. They'll get more EPL relief from Capex spend and they'll pay down debt faster. Given how highly geared the equity is to the EV of the company. The tax change will make a big difference to deleveraging. The corp tax losses are still very significant and so they'll pay no corp tax for some time. I think they'll pay down the net debt very quickly now and we'll soon be sitting on a company with net cash on a p/e of around 3-4 (if share price remains where it is). Debt free it propably re-rates to a p/e of around 6-7. |
Posted at 24/10/2024 10:24 by sharekitchen1974 Lucky ENQ have enough time to pay off debts and look elsewhere to invest in, UK gov are crazy with their taxes |
Posted at 04/10/2024 14:22 by pslamb Held DownBoth Harbour and Tullow at 1 month highs. Enq not following same trend. Any reasons why ? |
Posted at 09/9/2024 10:31 by blackhorse23 ENQ back in profit, Oil & gas explorer #EnQuest swung back into profit for the first six months of 2024.The company posted a profit after taxation of $30.3 million, for the half-year ended 30 June, compared with a loss of $21.2 million last year. |
Posted at 05/9/2024 20:43 by 74sjh ENQ tax losses are curious - potentially presenting an attractive proposition to any other U.K. oiler if they are transferable and able to be offset elsewhere in a merged company. Presumably M&A bankers have run the rule over this and the fact that no deal has been done, particularly since the EPl, suggests to me that the losses are not transferable and would only apply to the ENQ projects that created the losses in the first place? |
Posted at 05/9/2024 07:12 by ashkv Decent results w/Net Debt down further, decommissioning work far below budget / and estimate on balance sheet, guidance down marginally from 43,000 Mid case to 42,000 Mid-case, Enquest Deal Team very active ;) Hopefully the market likes the imminent deal :)Very small portion of US#15mn allocated for share Buybacks expended - need to step up the same :) SP-> 11.75 ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 3.25% ENQ Current Share Price vs 52 Week High of 17.82p on 15 Apr 24 -> -34.06% Brent-> $73.00 Shares Outstanding-> 1,888,830,317 GBPUSD-> 1.315 Production To 30 June 2024-> 42,771 Production HY Revised Mid-Guidance 2024 (Guidance 41,000 to 43,000)-> 42,000 Production Actual 2023 Production (Guidance 42,000 to 46,000)-> 43,812 Production Average (Actual) FY 2022-> 47,259 Net Debt (USD) as of 30 June 24-> $321,000,000 Market Cap (GBP)-> £221,937,562 Market Cap (USD)-> $291,847,894 ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $612,847,894 EV/Barrel(USD) Production To 30 June 2024-> $14,329 EV/Barrel(USD) 2024 Revised Mid-Guidance Production 42,000 Boe/d-> $14,592 Decommissioning Provision (HY 2024)-> $761,833,000 EV+Tax Deductible Decommissioning Provision-> $1,374,680,894 EV/Barrel(USD) including Decommissioning Provision-> $31,377 2P Reserves BoE (Year End 2023)-> 175,000,000 EV/2P-> $3.50 EV (Including Decommissioning Costs)/2P-> $7.86 Total Payout Yield = Dividend + Buy Backs + Special Dividends 5.14% |
Posted at 13/6/2024 13:21 by ashkv Enquest will soon have zero enterprise value at this rate!!!Market disregarding ENQ's tax shelter!!! SP-> 13.53 ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 18.89% ENQ Current Share Price vs 52 Week High of 18.57p on 10 Aug 23-> -27.14% Brent-> $82.75 Shares Outstanding-> GBPUSD-> 1.2775 Production To 30 April 2024-> 43,595 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 30 April 24-> $344,000,000 Market Cap (GBP)-> £258,448,722 Market Cap (USD)-> $330,168,242 ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $674,168,242 EV/Barrel(USD) Production To 30 April 2024-> $15,464 EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d-> $15,678 EV/Barrel(USD) Actual 2023 Production (Mid-Point)-> $15,388 EV/Barrel(USD) Average Production FY 2022-> $14,265 Decommissioning Provision (FY 2023)-> $755,762,000 EV+Tax Deductible Decommissioning Provision-> $1,429,930,242 EV/Barrel(USD) including Decommissioning Provision-> $32,638 2P Reserves BoE (Year End 2023)-> 175,000,000 EV/2P-> $3.85 EV (Including Decommissioning Costs)/2P-> $8.17 |
Posted at 30/5/2024 07:19 by ashkv Windfall Tax payment due in H2 2024 - so will require solid prices to get into a net cash position!!!However, overall tax burden for ENQ remains in the lowest quartile of UK producers given ENQ's vast billion plus UK Tax Losses!!! ENQ is now trading as per my figures at the lowest EV/2P and EV/Flowing Barrel for 4 years given the share price movement versus vastly lower Net Debt!!! 30 May 24 RNS -> SP-> 15.25 ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 34.01% ENQ Current Share Price vs 52 Week High of 18.57p on 10 Aug 23-> -17.88% Brent-> $83.50 Shares Outstanding-> 1,915,924,339 GBPUSD-> 1.27 Production To 30 April 2024-> 43,595 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 30 April 24-> $344,000,000 Market Cap (GBP)-> £292,178,462 Market Cap (USD)-> $371,066,646 ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $715,066,646 EV/Barrel(USD) Production To 30 April 2024-> $16,402 EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d-> $16,629 EV/Barrel(USD) Actual 2023 Production (Mid-Point)-> $16,321 EV/Barrel(USD) Average Production FY 2022-> $15,131 Decommissioning Provision (FY 2023)-> $755,762,000 EV+Tax Deductible Decommissioning Provision-> $1,470,828,646 EV/Barrel(USD) including Decommissioning Provision-> $33,571 2P Reserves BoE (Year End 2023)-> 175,000,000 EV/2P-> $4.09 EV (Including Decommissioning Costs)/2P-> $8.40 |
Posted at 15/2/2024 09:21 by ashkv USD 1 cent dividend is a measlyShares Outstanding: * US 0.01 = $19,123,041.13 US 2 cents dividend = USD 38mn Dividend Yield at a share price of 13p = 12.25% Dividend Yield Very doable!!! Though would prefer buybacks!!! Dividends later!!! |
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