Enquest Share Discussion Threads

[wolfofhounslow] 26/5/2022 14:04

Tax tax tax Run

[johneee] 23/5/2022 15:41

Think about it

Majority OIL production is safe UK waters,
when the World needs reliable fuel supplies in a dangerous World,
UK Oil from UK waters.

Therefore it would be madness to assume that ENQ
will not go up
especially with such a pathetically low P/E ratio of 1.6

The only way is up just takes time..........IOM

[onedb1] 23/5/2022 15:27

We have BP and Shell up over 2% , so this is purely down to Enq traders for some reason not sustaining an up move today . Weird

[onedb1] 23/5/2022 15:23

Yet price is down today . Absurd must say . Never stops to amaze me how shares are often just randomly shifting to reflect moods more than reality . As it's a reality that Enq is producing a mountain of cash at the moment

[km18] 23/5/2022 11:27

Enquest is engaged in the production and development of hydrocarbons in the UK to utilise maturing assets while extracting undeveloped oil fields. As a result, the corporation’s infrastructure and new energy business division is currently providing innovative solutions through the energy transition. The Group remains on track to achieve net production between 44,000 and 51,000 Boepd, with an extensive wells programme planned at several of the Group's assets through 2022. The company continues to explore options to refinance its high yield bond ahead of maturity in October 2023, driving up return on Capital to 17.2%, which is attractively above the industry threshold. Consequently, it implies that the firm captured intrinsic value, illustrated by the EV/EBITDA of 3.45x. As a result, organic growth was achieved by the firm, displayed on the emerging P/B of 1.6x. Despite the strong firm’s performance, the security is undervalued and likely to soar in value, since EnQuest’s P/E ratio stands at 1.5x, below the sector benchmark.

[catsick] 23/5/2022 09:33

Yes looks like breaking out, must be making a lot of nice cashflow despite 1/3 of production being hedged, every day that prices stay up here is a few more million debt paid off ,

[onedb1] 23/5/2022 08:33

Good update this morning . All on track it seems

[onedb1] 17/5/2022 12:31

Enquest's bond even went above par yesterday if I remember well . Firm is getting stronger . More than twice the production of Serica ( which I hold ) but not even close their market cap because Serica is cash rich and no debt . Something Enq is moving fast to get there too

[onedb1] 17/5/2022 12:27

Slowly re rising to recent highs but will a lower RSI so am hoping that this time the year highs are finally beaten and then should push higher . Debt is being cleared super fast here

[harry rags] 11/5/2022 15:45

Just another buying opportunity

[investordave] 11/5/2022 14:24

I wish whoever is selling ENQ would just get it over with and get lost. Despite today's large increase in the POO, the share price is still doing nothing, even though we are significantly undervalued by any yardstick

[steelwatch] 11/5/2022 11:36

Latest Kraken cargo away. ATD: 2022-05-11 10:02.

[deanmatlazin] 11/5/2022 09:29

Harbour energy

Income £2.5b PE 48 Market cap £4b+ Debt £1.7b

Enquest

Income £936 PE 1.8 Market cap £600m Debt 1.02b

SQZ

Income £380 PE 13 Market cap £860.


Enquest is cheap as chips!!

[deanmatlazin] 11/5/2022 09:24

not long now for update

1) Debt reduced
2) Drilling programme
3) Maintain production 50kboepd
4) Profitable business

PE less than 2, ridiculous. True value will surface, patience required.

[steelwatch] 10/5/2022 11:08

ATA: 2022-05-10 04:05

c.24hrs for loading. Dispatch tomorrow, (stc), would be 17 days from previous on 24 April

[heialex1] 10/5/2022 10:56

This price weakness seems like a good opportunity for anyone who wants to increase or start a holding. Price of oil still over $100

[steelwatch] 07/5/2022 08:40

Nexr Kraken cargo booked, (stc):

[deanmatlazin] 06/5/2022 10:39

we will get operational update this month. if the debt gone below $1b and can maintain production level circa 50k bopd, the share price should rerate upward so quick.

with PE of 2 and other oilers PE above 10, this will be bargain of the year

[onedb1] 06/5/2022 10:11

72 would be quite something amazing . Transformational trade in a way

[money mad] 06/5/2022 08:13

Oil up , pound weaker giving us more pounds to the dollar. Should be going up decent amount today!

[investordave] 05/5/2022 11:44

Still some idiots selling to help pay for their weekly shops.

[money mad] 05/5/2022 10:59

1 million sale slowed down progress today so far!

[deanmatlazin] 05/5/2022 09:08

72p next stop

[deanmatlazin] 05/5/2022 08:37

PE of 4, the share price should be 72p

PE of 6, the share price should be 100p .

hope with further debt reduction, the true value will prevail!