Enquest Share Discussion Threads

[onedb1] 23/11/2022 07:43

9 posts since 2019 all mention me . Your multiple account obsession you use against me in the past few years and the upticks from your accounts is quite funny but you need a doctor Stan . Seriously . All the other accounts all the same . Are you so bored and desperate in life ? Do you think that all this impacts me or my work in anyway ? Please continue it all only takes energy away from you certainly not from me

[robizm] 22/11/2022 12:42

The shares fell due to a erroneous report that Saudi were increasing oil production.

[evan8] 21/11/2022 17:50

wolfIn hindsight onedb1 has made no sense in the entire time I have followed this board, I wish I had never been influenced by the guff that flows freely from his mouth.

[onedb1] 21/11/2022 10:46

Looks like buyers are actually back . Usually it's from all the doom and gloom that you can find a great buy as the opposite is also true

[thegreatgeraldo] 18/11/2022 13:57

Farrugia18 Nov '22 - 13:53 - 12736 of 12736
0 0 0

why can't the UK government tax overseas oil/tax assets?

..They've already been taxed by overseas govts? ..Just a thought....

[farrugia] 18/11/2022 13:53

anyone care to respond to my question - And why can't the UK government tax overseas oil/tax assets? [if the companies are listed in the UK]

also Enquest seems weak compared to Serica Energy/Harbour - any ideas why you think is such?

[wolfofhounslow] 18/11/2022 13:01

This company is dead.End of oil and gas in UK

[farrugia] 18/11/2022 12:06

Regarding the windfall oil tax for oil companies operating in the North Sea:

so let me get this right. if Serica or Harbour Energy invested in oil/gas assets abroad profits from those wouldn't be subject to the windfall tax? And why can't the UK government tax overseas oil/tax assets? [if the companies are listed in the UK]

[sharekitchen1974] 18/11/2022 11:06

Glad I got out now, such a shame, windfall taxes have killed this investment

[heialex1] 18/11/2022 10:46

For ENq, does anyone know what the effective tax rate will be? Tax losses will protect is from the standar tax but clearly will get hit by the windfall tax

[heialex1] 18/11/2022 10:45

The U.K. is in real trouble.... And just going from bad to worse.It's remarkable there isn't more outrage at the fact that these policies wouldn't be necessary if they hadn't wasted so much money during covidHow much did the test and trace app th at never really worked or added any value cost?

[urchin1] 18/11/2022 09:45

Having seen Hunt deliver his speech yesterday & witnessing his Cronies patting him & congratulating him etc - I nearly threw up !Never seen so many nodding dogs

[american idiot] 18/11/2022 08:47

Enquest Plc : JP Morgan cuts target price to 45p from 47p * Enquest Plc. : Barclays cuts target price to 20p from 28p

Must be time to buy !

[farrugia] 18/11/2022 07:35

how does the oil windfall tax update of yesterday impact energy generators like Drax and SSE? What would be the total tax burden they'll carry compared to 'normal' oil companies? I'm asking because I saw the stock prices move up yesterday?

Windfall taxes increasing from 25% to 35% for energy company profits, and a new 45% windfall tax on electricity generators, combined will raise £14bn next year.

[blackhorse23] 17/11/2022 20:21

When they will be out from debt ?? they pay off one debt then add more debt ?? It's a circle ??

[gozzy88] 17/11/2022 12:08

Hunt the C*unt

[clunes100] 16/11/2022 17:48

The rate of debt repayment will slow with EPL, however, given the level of cash being generated, no tax on normal profits due to accumulated losses, the windfall tax will delay reaching a given point by a few weeks or couple of months maximum. The fact is the debt will continue to be paid down very quickly and that of course means net assets increase and we all already know how silly the current MCap is. So as long as Oil stays above US$90, frankly anything above US$75 would do - the share price will inevitably go up and ENQ's hedges are in place for a large amount of production.

ENQ at this share price level must also become an increasingly attractive takeover target, I certainly would not want to be out of ENQ at the moment. If ENQ just hits the higher end of their production targets, the share price will rise as all the analysts have factored in lower end or median at best. Recent ENQ shutdowns have been shorter than expected and if ENQ has kept on top of budgets and timescales for shutdowns in this period, the chances of hitting higher end production targets are good. The budget will also clear the air with respect to uncertainties and there could even be an upside if EPL is 25 or 30% instead of 35% or more and if the O&G minnows can offset tax losses, now that would certainly be an upside.

I see downside risk being low but following the budget and update - I believe there is real upside potential here at ENQ.

[sharekitchen1974] 16/11/2022 11:53

Time will tell, perhaps there will be some accounting loopholes to help them out. I was happy with my investment here until they announced this windfall tax. See what happens Thursday

[richardbroughton] 16/11/2022 11:22

Correct, of course will take longer to reduce debt, question is how much longer? I thought that Sunak said after first windfall that below $70 the tax would be revoked but that could well change or maybe I'm wrong on that. Don't see oil going much below $90 for foreseeable future, OPEC will cut to keep prices high if demand slows IMO.

[sharekitchen1974] 16/11/2022 11:08

Yeh with these increased windfall taxes being imposed, surely it will take longer to down the debt which is why I sold out yesterday. If oil falls with recession looming it will add further pain. Will watch for now until the path is clearer

[elena saratov] 14/11/2022 18:17

cumnor,
Just for the record I never vote Conservative.
But do you really think Starmer is an attractive alternative?
The Liberal Democrats are particularly unattractive also.
Any Government likely to get elected is going to raise taxation.
I doubt that the very poor on benefits "do ok".
Just my personal view, others are available.