Share Name Share Symbol Market Type Share ISIN Share Description
Enquest LSE:ENQ London Ordinary Share GB00B635TG28 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.25p +0.68% 37.00p 11,941,975 16:29:58
Bid Price Offer Price High Price Low Price Open Price
36.90p 37.10p 38.00p 36.10p 36.65p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 464.6 -180.5 -4.0 - 438.85

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Date Time Title Posts
21/4/201807:52Enquest Pure Class4,660
13/2/201711:53First thing you should do tomorrow1
10/2/201719:13Take over-
10/2/201718:38Sorry your to late it took off -
10/2/201710:08Get ready for take off2

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Enquest (ENQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-04-20 15:51:5637.1223,3008,649.96O
2018-04-20 15:35:1537.00352,412130,392.44UT
2018-04-20 15:29:5437.003,6281,342.36AT
2018-04-20 15:29:4237.10385142.84AT
2018-04-20 15:29:4237.0593.33AT
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Enquest (ENQ) Top Chat Posts

Enquest Daily Update: Enquest is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ENQ. The last closing price for Enquest was 36.75p.
Enquest has a 4 week average price of 26.75p and a 12 week average price of 26.75p.
The 1 year high share price is 45.25p while the 1 year low share price is currently 22.50p.
There are currently 1,186,084,304 shares in issue and the average daily traded volume is 10,769,403 shares. The market capitalisation of Enquest is £438,851,192.48.
exile: ooooh ! a bit of share price action !!!
discodave4: Didn't miss that, it's a planned shut down. However, you were implying they had major issues with the pumps and heat exchanger and that explained the share price fall - a complete load of tosh and a deramp.When did you sell up?......don't bother answering, it's rhetorical and wouldn't believe what you say anyway.DD
oilandgas1: Some rough calculations TO rig for 365 days at $335k Now 210 days at $305k Savings $58m approx Assuming less work required! However dc4 delays from mid year to nov18 likely at about 9kbopd for 6 months approx at say 65$pb less 27pb costs. Loss of cashflow of 45$m for 6 months. Sale of 20% by May for 400$m would boost the share price and also an ops update before full year results on 20mar (net debt update) with AGM in May18
grahamg8: Steve are you glad now that you didn't? The bond price is rising and share price has fallen back from highs. Bonds still have a way to go as do the shares for that matter when there is tangible evidence of debt reduction. Hold or buy both?
frazboy: i don't disagree with what you're saying hpcg but the question is, is this deferment or impairment? in the case of A+G, I'm sure it's impairment (reserves will get written off and NPV will drop), in the case of S+C I'm still investigating but my thoughts are waxing issues get worse with temperature drop (I fail to understand why this was not allowed for in the development), therefore shut-ins are not good, and on Kraken the jury is definitely out, but this project is very sensitive to the average off-take rate - 1Mboepd off/on the plateau rate for Kraken is worth 3.3p off/on the share price, pretty much irrespective of the price of oil. My bet is that given Enquest's issues with its other development, and what we're seeing in the field (in terms of tanker timings), that they're far more likely to undershoot rather than overshoot that target. Clearly, there is good upside here if things go well. Do I think Enquest is approaching the end? Probably not, but another cash injection is looking likely to prop up the balance sheet, and it's not going to come from the banks, they just want their cash back. You pays your money...
master rsi: EnQuest boosted by UBS upgrade to 'buy' (ShareCast News) - Exploration and production group EnQuest got a boost on Monday as UBS upgraded the stock to 'buy' from 'neutral' and upped the price target to 65p from 60p. The bank had downgraded its stance to 'neutral' in January, saying that although the company's cash flow was impressive, a 113% jump in the share price since the placing had left the Kraken start-up risk fairly price. Since then, UBS noted that three things have happened: January's trading statement saw near-term production guidance disappoint; the shares are down more than 20%; and EnQuest has announced a highly accretive deal with oil giant BP. "We think the shares overreacted to the trading statement and don't yet reflect the deal value potential" it said. On 24 January, EnQuest announced an agreement to buy a 25% operated stake in BP's Magnus field, with options to acquire the remaining 75% and/or manage some of BP's decommissioning liabilities. UBS said the deal makes clear financial and strategic sense. "The innovative 'cashless' structure makes it accretive to EnQuest at almost all oil prices; it plays to EnQuest's strengths as an operator of late-life assets; and it accelerates recovery of $2.5bn in UK tax losses."
discodave4: kaytom - stand corrected, may be early Tuesday morning.IAE offer to value ENQ:IAE's production forecast 19k boped to 22k boped with Stella start up. The offer was £1.20/share, thus Mcap is £497m + debt £478m = £975m total value, divide this by production (low end) 19k = ratio of 51.3Applying that ratio for ENQ production to determine its relative share price: 2017 production forecast is 51k x 51.3 = 2,616m, minus debt £1,441m =1,175m, thus share price is 1,175/1,159 = £1.01, discount by say 10% (for Delek offer) gives 91p.On 2018 production 80k boped gives a share price target of over £2, at the lower PB ratio (IAE 22k boped gives a PB of 44.3) it's a share price target of about £1.80.DD
whiskeyinthejar: I think some sites are misreporting Macquarie broker note issued today. The proactive site has the text though: "Hurricane Energy and EnQuest among the few ‘buys’ left in oil sector - Macquarie 2017-02-03 11:33:00 “Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view. It is harder work picking winners in the oil and gas sector now that crude prices have steadied and share prices have climbed, so says Macquarie. Kate Sloan, analyst at Macquarie, most share prices are close to fair value and as a result many in the sector have been downgraded. Cairn Energy PLC (LON:CNE), Faroe Petroleum plc (LON:FPM), Ithaca Energy Plc (LON:IAE), Premier Oil PLC (LON:PMO) and Tullow Oil plc (LON:TLW) are all relegated to a ‘neutral’; rating. Three of Macquarie’s ‘top picks’ retain their ‘buy’ recommendations; Hurricane Energy Plc (LON:HUR), EnQuest Plc (LON:ENQ) and Africa Oil Corp (TSE:AOI). Of the three, Hurricane Energy is deemed to have the clearest value opportunities. “Hurricane offers 82%+ upside to our target price from the current share price, and has the clearest near-term tangible value creation opportunities, in our view. “Further exploratory drilling (ongoing) and progress on the Lancaster development could add significant value, building on the success the company enjoyed in 2016.” Macquarie has a 90p price target for Hurricane (current price: 51.25p). Enquest, meanwhile, is Macquarie’s pick for further oil price leverage combined with low risk project progression. “Although the rest of the sector now reflects a much higher discounted oil price than it did four months ago, EnQuest is still discounting US$63/bbl, the same number it was back in August 2016,” Sloan said. “We believe the valuation gap will be narrowed in the coming months once the market starts to believe in Kraken delivery.” Macquarie has a 79p target price for EnQuest (current price: 46.34p). Sloan added that Africa Oil’s has very attractive upside through de-risking the discoveries in Kenya’s South Lokichar basin, where it partners Tullow." Advfn blocks their links, you need to paste into browser bar.
mreasygoing: Oil up strongly again. Those 5% shorts will be forced to close soon. ENQ share price is like a dam waiting to burst.
master rsi: From the "UPS" thread ........... Cambridge news - February 16, 2016 Private Punter on a quest to highlight North Sea oil firm When it comes to risk and speculation, right now, there can be no better example than that of the oil production and exploration sector. The tumbling and protracted downward spiral of Brent crude has been a bitter pill for companies and investors alike to swallow over the last year, resulting in a massive scaling back on spend across the sector to preserve cash and manage extensive borrowing commitments. While there are any number of prospects for those who understand the risks on which to take a punt, I have decided to put North Sea operator Enquest in the frame, where at a current 13p per share it is submerged well below the £1.50p achieved just three years back. Although clearly not for widows and orphans, Enquest could nevertheless deliver some substantial share price appreciation in the coming years, if a number of positive factors come together. The first and overriding issue that concerns investors in the sector is to see some kind of stability return to the oil price, where a bottoming out from a one way downward run may ultimately signal a trend reversal. Of course, anyone like myself who recalls the barrel of oil sinking to just $12 back in the late 1990s, will also no doubt remember companies such as Premier Oil, Tullow and Cairn Energy residing in penny share territory prior to going on and seeing their share prices appreciate many times over. And to that end, such cyclical swings once more bring forth an opportunity, where in Enquest's case, it has the added attraction of being predominately focused around UK shores as opposed to more politically unstable regions. The company came to the market back in 2010, a direct result of the demerger of North Sea assets held by big players Petrofac and Lundin Petroleum. Although that saw the company immediately installed into the Footsie Mid 250, more recent industry woes have seen its market cap fall to just £104m, giving it a distinctly small cap look, which has resulted in its disappearing from the radar of many market watchers. However, Enquest has some notable and potentially money spinning assets which can be highlighted by its Kraken field interest, which is one of the largest in the North Sea, being located in the East Shetland basin. While full year revenue in its last preliminary results hit a sizeable £660m, registering a significant jump on the previous years £582m, the company nonetheless resided over a net loss of £119m, after various post-tax costs associated with the oil price retreat were factored in. That saw the share price already on a downward spiral retrace further southwards to the mid thirties, as the company revealed that it had greatly scaled back its capital expenditure programme, along with renegotiating its banking covenants until mid 2017. Although the shares subsequently fell even further, more recent news from the company may suggest that on a risk/reward basis Enquest presents a potentially exciting speculative opportunity, not least, as the shares are trading substantially below its estimated risked core book worth. More recently, as in December of last year, the company announced an operations update to the market which saw it forecasting a major increase in production throughout 2016 after experiencing what had been a strong performance in 2015. From July through to November the London HQ'd operator averaged around 35,000 barrels of oil per-day, representing a 26% increase on the prior period. Additionally, it cited this year's numbers as in the range of 44,000 to 48,000 of boe/d (barrels of oil equivalent per day) as benefits from its Alma/Galia North Sea assets flow through. This field only commenced production back in August of last year, but quickly delivered notable results with 4,000 barrels per day achieved, increasing by November as another well came on stream. While Enquest has certainly had to reign in on its ambitious development projects due to the industry woes, it is still poised to experience significant revenue uplift where its prized Kraken field remains on track to produce its first oil early next year. Although the longer term picture may well look more positive, for now, in keeping with peers, Enquest, with major borrowing commitments of its own, is very much concentrated on reducing and controlling costs. This has seen it successfully reduce its operating outlay to $39 a barrel which together with increasing production and any flat-lining or resumption in price would further assist the company. Alongside its substantial North Sea assets, the company has a number of interests further afield, in Malaysia, which could also play an integral part in boosting revenues over the medium to longer term. Admittedly, the sector may well be one that is as yet best avoided and would be buyers of the shares would no doubt like to see evidence of a move to positive free cash flow. That said, those who recall past cyclical events in the sector and who recognise the potential within Enquest's sizeable assets, may wish to opt to take a speculative punt at these levels, which may just provide lucrative returns over time.
Enquest share price data is direct from the London Stock Exchange
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