Enquest Share Discussion Threads

[sharekitchen1974] 09/4/2024 14:49

Come on ENQ, deploy that $15.0 million share buyback programme

[sharekitchen1974] 09/4/2024 14:42

Certainly wouldn't like to be short ENQ right now, 20p short term target

[s34icknote] 09/4/2024 12:12

Looking strong Blackhorse !

[blackhorse23] 05/4/2024 09:27

Looking weak shares

[steelwatch] 04/4/2024 20:43

Just looked up a refresher on the Enquest Producer, earmarked for Bressay:

[steelwatch] 04/4/2024 19:44

Kraken cargo dispatched. Draft 11.9 m, ATD: 2024-04-04 19:25 bound for Skagen Anchorage, presumably for further STS cargo transfer. Previous dispatch was on 15 March, so that's an interval of 20 days this time, quicker than recent frequency. Suspected interrupted loading last time which may have resulted in production continuing during delay giving a head start on the current batch.

[heialex1] 04/4/2024 18:01

About time... oil is up, Enquest debt continues to reduce, the share buy back will start soon and hopefully additional returns next year. This should double over 12 - 18 months

[s34icknote] 04/4/2024 16:37

Slowly slowly getting there

[sharekitchen1974] 04/4/2024 10:27

Looks like it has finally broken out of a long term downtrend, up she goes

[mirabeau] 04/4/2024 10:10

price coming back to life

[steelwatch] 03/4/2024 12:10

Cheers laser. New kid on the block :)

Appears to have backed off due to bad weather, but possibly moving on approach now. Possibly playing catchup after the delays with the last load out.



edit: ATA: 2024-04-03 12:55

[sharekitchen1974] 03/4/2024 08:36

Oil still above $88 means more for paying debt down quickly

[laserdisc] 03/4/2024 07:46

Steel SINDRE KNUTSEN Tanker

[s34icknote] 02/4/2024 12:03

Brent over 88 dollars

[bomfin] 29/3/2024 11:34

On returns of $15 million. They will get an $80 million net saving on Kraken fpso from April 2025 onwards. Biesu very clear about that in questions and answers. With an effective 38% tax rate That`s still nearly £40 million better off/annum.

Next news ?

This showing on investor meet website.

Thu 11 Apr
14:00
ENQUEST PLC
ENQ
Results for the year ended 31 December 2023

[blackhorse23] 28/3/2024 16:56

Revenue down 25% , loss 30m , now new capital expenditure over 2024??? More loss to come ?2024 performance and guidance§ Net Group production expected to average between 41,000 and 45,000 Boepd (c.44,500 Boepd YTD to end-February).§ Capital investment expected to total c.$200 million; Operating expenditure expected to total c.$415 million; and Decommissioning expenditure expected to total c.$70 million.§ At 29 February 2024, EnQuest net debt totalled $409.6 million and the Group fully repaid the outstanding $140.0 million of its drawn reserve based lending facility ('RBL').

[sharekitchen1974] 28/3/2024 12:37

Wonder when they will start the share buyback, can buy plenty at current levels

[s34icknote] 28/3/2024 11:35

They made it easy this morning fozzie !Can't believe these markets !

[fozzie] 28/3/2024 09:34

Managed to pick a few more up this morning, its going to be a slow burner and a 2-3 year turnaround but we have all had ample opportunity to build a good sized position here at low levels. Onwards and upwards from here, hopefully.

[s34icknote] 28/3/2024 09:21

Being played !

[s34icknote] 28/3/2024 09:21

Can't believe peeps sold at 13.6 p this morning Talk about panicking short termers !

[cumnor] 28/3/2024 09:17

Like it, and the unrealized tax advantages yet to be applied. Very healthy position esp with current OP and even since end of Feb another $50ml on the balance sheet between debt reduction/cash.

[heialex1] 28/3/2024 09:01

Goes to show low low this is rated and valued. The small buyback of 15m is equivalent to 5%+ of market cap.2025 could easily see 10%+ returns

[ashkv] 28/3/2024 08:58

SP: 14
ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24: 23.02%
ENQ Current Share Price vs 52 Week High of 19.72p on 3 Apr 23: -29.01%
Brent: $85.50
Shares Outstanding:
GBPUSD: 1.26
Production To End Feb 2024: 44,500
Production Mid-Guidance 2024 (Guidance 41,000 to 45,000): 43,000
Production Actual 2023 Production (Guidance 42,000 to 46,000): 43,812
Production Average (Actual) FY 2022: 47,259
Net Debt (USD) as of 29 Feb 24: $409,600,000
Market Cap (GBP): £268,229,407
Market Cap (USD): $337,969,053
ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD): $747,569,053
EV/Barrel(USD) Production To End Feb 2024: $16,799
EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d: $17,385
EV/Barrel(USD) Actual 2023 Production (Mid-Point): $17,063
EV/Barrel(USD) Average Production FY 2022: $15,819
Decommissioning Provision (FY 2023): $755,762,000
EV/Barrel(USD) including Decommissioning Provision: $34,313
2P Reserves BoE (Year End 2023): 175,000,000
EV/2P: $4.27