Enquest Share Discussion Threads

[cumnor] 07/12/2023 10:21

Anybody able to decipher what this nonsense means?

[steelwatch] 05/12/2023 15:51

Subsequent release @ 15:30:

"EnQuest PLC ('EnQuest' or the 'Company') announced today, 5 December 2023, that the Company has applied for delisting of EnQuest's shares, short name ENQ, ISIN code GB00B635TG28, from Nasdaq Stockholm. Nasdaq Stockholm has now approved the application for delisting and has determined that the last day of trading of EnQuest's shares will be 19 December 2023. The Company's shares will remain listed on the London Stock Exchange"

[steelwatch] 05/12/2023 12:11

See final paragraph of this morning's release:

"Based on previous communication held with Nasdaq Stockholm, upon review of EnQuest's application, Nasdaq Stockholm will determine the last day of trading in EnQuest's shares. The last day of trading in the shares will be announced as soon as the Company has been informed thereof by Nasdaq Stockholm"

[aishah] 05/12/2023 12:03

When is the last day of dealing on Nasdaq Stockholm?

[steelwatch] 05/12/2023 11:19

Only on the Stockholm exchange. This is resulting in an exit of Swedish investors and consequent knock down, but once delisting complete, London should start to recover.

[blackhorse23] 05/12/2023 09:51

Delisting?? Money moving to PFC

[elena saratov] 04/12/2023 23:50

According to IG Markets Market Data there are no longer 2 or 3% short positions here. They are 100% long.
Not that I trust IG Markets for info.
Its now well oversold.
Some holders have lost confidence and are selling.
But at some point there will be buying.

[scepticalinvestor] 04/12/2023 14:20

Glad i held back from buying in this am - must be huge sells in the background for all of the buying to have no effect

[holts] 29/11/2023 19:23

Decent update , worth a punt at this level? Hold a lot of their bonds . Can’t account for the loony politicians in the Uk though .

[steelwatch] 28/11/2023 16:35

The rig for 2025 2 well Kraken program is identified:

[american idiot] 28/11/2023 09:17

Blackhorse...

Enquest used the $150m term loan to repay the £111.3m bonds due for repayment in October 2023.


§ The Group drew $150.0 million against its term loan facility at the end of September

§ In October, the Group fully repaid its £111.3 million ($138.1 million) 2023 7% Sterling bond

[american idiot] 28/11/2023 09:14

Another excellent operational update from Enquest today.

The management really do do a wonderful job of running the company.

It's just a pity this useless Tory government are stealing shareholders riches.

Legalised robbery...

[steelwatch] 28/11/2023 08:27

$150m drawn in Sept, but, if you read on, net debt at the end of Oct is down.

[blackhorse23] 28/11/2023 08:15

Why they need to draw 150 million loads ?? If so then debt actually is going up? Always need money??

[blackhorse23] 27/11/2023 08:27

Money moved to PFC

[steelwatch] 27/11/2023 08:23

Re: #1739 above, delayed slightly, possibly by weather, but ATA: 2023-11-27 05:11, so, assuming c.30hrs loading, departure tomorrow would be 22 days since previous on 5 Nov, stc.

Edit - ATD: 2023-11-28 17:37 Nansen Spirit unmoored and en-route for Scapa Flow

[steelwatch] 24/11/2023 13:07

This is the anniversary of the Nov '22 production update which fell on a Thursday last year. As ENQ generally seems to provide updates on or around mid-week, perhaps we should be on the outlook this coming Weds/Thurs, (hopefully....).

[steelwatch] 24/11/2023 09:19

Cheers laser. You just beat me to it, LOL:



ETA: 2023-11-25 17:00

[laserdisc] 24/11/2023 09:12

Steel NANSEN SPIRIT arrives Kraken tomorrow

[blackhorse23] 24/11/2023 08:29

Bought PFC today

[back2basics1] 10/11/2023 13:26

Have Oil Traders Misread Saudi Arabia's Production Cut Commitment?

I have said it many times before in these pages and will no doubt say it many times in the future too, but it is often the case that a traded instrument moves based more on market mood and sentiment than on any hard facts. For traders, “facts” are open to interpretation, and how they are interpreted decides what impact they have on price. However, moods change, and there are reasons to believe that the pessimism around crude that traders are currently exhibiting may be about to shift.

Last weekend, the Saudi government reiterated its commitment to voluntary crude output cuts of 1 million barrels a day, saying that they would continue until at least the end of the year. That is a fact that, on the surface, would seem to be very bullish for oil. Tight supply was the theme in the market from June to September as crude climbed by over thirty percent, so a confirmation of tight supply going forward should be bullish, right?

So, what has changed? Why is what should be bullish news prompting selling?

It is all to do with that malleability of “facts” that I mentioned above. The fact is that the Saudis are continuing with reduced production. But, in the current environment, that is being interpreted as sending a bearish message. “Why would they do that?” is the question being asked, and the most popular answer is because they are worried about a global recession and a big drop in demand for oil as a result.

It is possible the Saudis are thinking that way, but they first cut output in July. Back then, with a different mood in the market, the million barrel/day reduction in crude supply was seen as what it theoretically should be, supportive of oil prices. Very few people thought that the Saudis were cutting their output because they were worried about the future. They didn’t overthink things; they just assumed that the Saudis were trying to force prices higher. The new interpretation, that it is a product of fear, falls afoul of Occam’s razor, a philosophical and mathematical construct that states that the most obvious answer is almost always correct. It is, in effect, a fancy way of saying “If it looks like a duck…”, and the commitment to maintaining lowered output levels looks, walks, and quacks like an attempt to put upward pressure on prices.

The Saudis and their OPEC+ partners have obvious reasons for wanting to see oil prices higher. At some point before too long, the reality of tight supply in the physical market has to have an impact. When it does, the current popularity of short positions could cause a rush to the exit that speeds up and exaggerates the bounce, so trading with a long bias for a while is probably advisable and if we do get to around $70, I will be buying crude futures and/or some oil stocks in anticipation of a reversal.

[heialex1] 10/11/2023 09:27

I am amazed that any companies are public in the U.K. any more... so much apparent value, but no sign of a re rating