Enquest Share Discussion Threads

[stansmith3] 27/3/2019 13:10

lolwell onedb criticising an analysts ability is like you and dean pretending to be straight investorsgotta call as i see it im afraid, not here to make friends, that would be too easy...this will be higher next week...we are undervalued...mkt has mis priced this...we are being manipulated.. this is about to move through 22... this will be 30 next weeki could go on...

[deanroberthunt] 27/3/2019 12:48

he's not that good.

[mallorca 9] 27/3/2019 12:47

stan … what a horrible individual you appear to be.

[onedb1] 27/3/2019 11:43

Should also add that Marshall Wace which has 'skin in the game ' has reduced its short now down to 0.42% ie sub the reporting threshold of the FCA. I think they weigh more and a lot more than a broker/analyst that will have possibly just been working for a few years( am making a supposition as I don't know ) , fresh from completing a CFA and his her analysis has little consequences . Vs a big hedge fund that loses money if they get it wrong and AUM redemptions .

[onedb1] 27/3/2019 11:36

Just remember though that there are conflicting broker reports . JP Morgan Cazenove reiterated their 35p view Without the details in front it's hard to tell what time horizons they are all looking at or the basis for their conclusions . Stick to the original data in the RNS imo. These reports are great for ramping or deramping on bbs but frankly speaking they are not traders or fund managers . Just an analyst and his/her standard model

[stansmith3] 27/3/2019 10:59

amerreason is no one really believes higher prices are here to stayif / when that occurs then enq/pmo will bag

[stansmith3] 27/3/2019 10:49

well you would be agreeing a broker target of 50 would you not?so really you are saying you only bother with them when they support your view?

[mallorca 9] 27/3/2019 10:41

For all the moaning on here this does seem to have good support.
Each little drop is bought into.

[american idiot] 27/3/2019 10:39

The odd broker yes but when a series of brokers are downgrading then it's always worth taking note.

The only possible rationale I can think of is with global growth slowing and recession talks banded around these brokers are possibly bearish on Brent into 2020 ?

Other than that I'm really scratching my head right now.

Apart from the early dip today in the share price it seems Mr Market has largely shrugged off the broker note now.

[investordave] 27/3/2019 10:37

I do wonder why must of the brokers bother issuing targets for share prices. More often than not they are wrong or way wide of the mark. I tend to treat most broker forecasts with the contempt they deserve. Jefferies' latest is one of the worst - a forecast of18p to 15p forecast despite a good set of results and a rising POO. What the hell is that all about? You couldn't make it up.

[american idiot] 27/3/2019 10:10

Another thing to note is the incredible timing of these brokers notes.

As soon as the share price gains a bit of upward traction out pops a broker downgrade.

Jefferies go from 18p to 15p for what reason exactly ?

Why the 3p downgrade when production was bang on mid point of guidance and Brent has risen 20%+ since their initial 18p target.

I dont believe in broker manipulation etc but would love to know the rationale for why Jefferies suddenly believe the share price is worth 3p less than it were only a few months ago.

[colebrooke] 27/3/2019 10:08

Often a major disconnect with the share price and broker targets you see it time and again...

[american idiot] 27/3/2019 09:58

Thats RBC Capital, BMO Capital and Jefferies on 15p targets with Barclays on 17p, Numis and Cannacord on 20p, GMP on 25p, JP Morgan on 35p and Pareto Securities on 42p

With Brent around $65 and production at around 67k then how on earth do they come up with their 15p targets ?

Nothing at all has changed from 12 months ago where brokers had far higher price targets on lower production.

[colebrooke] 27/3/2019 09:52

Mallorca nice short btw although the grandstanding wasn't necessary ;) I don't think I've ever seen a rights issue where the shares haven't subsequently fallen off a cliff. I've more than doubled my holding down here at these levels. With the amount of cash generation and if oil stays around the $70 mark I can see the share price doubling from here short term.

[mallorca 9] 27/3/2019 09:40

Cole …

it'll rise steadily through the 20's.

[colebrooke] 27/3/2019 09:35

2019 will be another year of rapid deleverage a combination of EBITDA growth and free cash generation as we have seen in 2018. At some point the share price will re-rate to reflect this.

[colebrooke] 27/3/2019 09:33

2019 will be another year of rapid deleverage a combination of EBITDA growth and free cash generation as we have seen in 2018. At some point the share price will re-rate to reflect this.

[wallywoo] 27/3/2019 09:06

Personally think we are just in a hangover period. ENQ have been demoted to Small Cap section of the market, have issued another 42% odd additional shares in the RI (just worked it out 508M extra 1186M shares before, did not realise so many!), are in a sector and sub division of the market that is / has been out of favour (ie oil stock, and heavily indebted), and of course has been slow to get Kraken going well.

Put all that together, and here we are. NONE of this however, reflect the future for ENQ, which as long as they keep production up and oil price is good (both of which I believe will be achieved in 2019) is excellent.

[mallorca 9] 27/3/2019 08:51

Danny ..
I shorted this for 6 months but closed that short last week and went long before results.
Having read the results I really do see this as a steady riser this year. I do not have a sell target as it may well become a very long term hold for me.
I intend to add once we reach 25p and continue that way with a trailing stop.