Enquest Share Discussion Threads

[wolfofhounslow] 01/6/2022 08:11

They were sells....

[gozzy88] 31/5/2022 18:53

Nice strong close along with all the large buys after hours. Roll on tomorrow

[richardbroughton] 31/5/2022 08:50

Unfortunately, and this is why I am a brexiteer, politics always trumps economics, human nature, it shouldn't, but it does. Sunak had no choice politically regardless of the economic sense. The awful quality of politicians in the western world these days highlights this even more. Germans buying Russian energy another example, sensible economically, disastrous politically, Putins invasion another, stupid economically and politically driven, his living standard won't change, endless examples. Very depressing and to some extent driven by public attitudes and social media.

[onedb1] 31/5/2022 08:27

Well if oil fell then the case for taxation should go away too . What I find ignorant by Sunak is to expect our North Sea producers to have to invest in the area . Enquest as noted in The Telegraph is looking now at investing in Asia . Such an own goal by this ridiculous shower of a chancellor . How can you tame inflation by taxing firms that are finally doing well ? The problem was years of low oil prices and the lack of investments coupled with a lack of certainty as a result of the very quick and poorly planned energy transition. Taxation will only contribute to less investments in North Sea and probably contribute to a further supply reduction as a result . Also less jobs and less local production . Taxation is always detrimental . A Tory chancellor only in name.

[steelwatch] 30/5/2022 19:00

Recycled chip fat?

[investordave] 30/5/2022 11:17

The selling is relentless despite the price of oil. How bad would things be if the price of oil fell significantly?

[richardbroughton] 30/5/2022 08:46

Will depend on the POO which the Gov't has taken a bet will stay high, easy bet bet with OPM!

[wolfofhounslow] 29/5/2022 12:36

Yeah I do agree with GKP...

[imnotspartacus] 29/5/2022 11:30

I now think GKP is a safer bet than ENQ!

[wolfofhounslow] 29/5/2022 00:11

We all agree this downside will continue for a while

[investordave] 28/5/2022 14:09

And of course you'd know, wouldn't you?

[wolfofhounslow] 28/5/2022 12:05

Let's see if further weakness persists next week....22p looks possible

[steelwatch] 28/5/2022 08:26

Next Kraken cargo booked, stc:

[wolfofhounslow] 27/5/2022 16:29

Shell says windfall tax 'creates uncertainty' about North Sea oil and gas investment

[american idiot] 27/5/2022 15:56

There was comment from Enquest yesterday....

EnQuest is aware of the need for action to address the cost of living crisis, but is disappointed with the implementation mechanics of the new Energy Profits Levy," the company said in an emailed statement late on Thursday.

..........

I would think that Enquest would need to invest further anyhow and will somehow be able to offset a % of this disgusting additional rip off tax.

[wolfofhounslow] 27/5/2022 15:21

No word from enquest.I expected rns

[wolfofhounslow] 27/5/2022 14:33

No point buying now.Too much negative around North Sea and the sector. UK oil and gas has become un investable after yesterdays news...

[thegreatgeraldo] 27/5/2022 14:18

grahamg826 May '22 - 17:28 - 12626 of 12650
0 0 0
Well I thought BP rather relied on Russia for its oil. And anyway isn't it a tax on profits. That's on Company profits, so it doesn't matter a hoot where the oil comes from. It is all going to be taxed.

..Nonsense...Sunak's tax applies to (UK) North Sea oil & gas production..... check the basics before posting!

[heialex1] 27/5/2022 14:14

Fill your boots if it does. You'll make at least 50%

[wolfofhounslow] 27/5/2022 14:08

Maybe this drop stops around 22p ?Who knows..

[wolfofhounslow] 27/5/2022 14:08

Jefferies are biased...Do some research.

[ashkv] 27/5/2022 12:12

Per Bloomberg Terminal - Jefferies post Windfall Tax announcement retained 12 month target price of 50p for Enquest

On average the 5 analysts who cover ENQ have a 12 month target price of 46.40p

[ashkv] 27/5/2022 11:49

Dirt Cheap relative valuation for ENQ...