Share Name Share Symbol Market Type Share ISIN Share Description
Enquest Plc LSE:ENQ London Ordinary Share GB00B635TG28 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.02 -0.11% 18.50 3,558,322 16:35:14
Bid Price Offer Price High Price Low Price Open Price
18.60 18.68 18.92 18.18 18.92
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1,018.18 73.70 8.16 2.3 314
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:14 UT 172,334 18.50 GBX

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Date Time Title Posts
20/11/201916:44Enquest Pure Class10,717
16/11/201915:03ENQUEST358
09/5/201918:02Enquest charts112
05/2/201917:26*** EnQuest ***21
13/2/201711:53First thing you should do tomorrow1

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Enquest (ENQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:35:1418.50172,33431,881.79UT
16:29:3418.687,9101,477.59AT
16:29:3418.69203.74AT
16:29:3418.699,3331,744.34AT
16:29:3418.69647120.92AT
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Enquest (ENQ) Top Chat Posts

DateSubject
20/11/2019
08:20
Enquest Daily Update: Enquest Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker ENQ. The last closing price for Enquest was 18.52p.
Enquest Plc has a 4 week average price of 17.10p and a 12 week average price of 17.08p.
The 1 year high share price is 24.80p while the 1 year low share price is currently 15.26p.
There are currently 1,695,672,900 shares in issue and the average daily traded volume is 2,247,379 shares. The market capitalisation of Enquest Plc is £313,699,486.50.
01/10/2019
17:13
northseainvestor: There seem to be a number of mid-sized oil producers which have fallen out of favour with investors for quite some time now, and I’d definitely have to include North Sea-focussed EnQuest (ENQ) high up on that list. If you look at the current market cap of around £350 million and then consider that it averaged more than 68,500boepd during the first half of the year up until the end of June and generated free cash flow of $138 million, the valuation seems crazily cheap. However, there is a big risk with this company – and that is the size of debt that it is carrying, having borrowed to develop its assets just prior to the oil price collapse a few years ago. At the end of June net debt stood at nearly $1.64 billion, and although that is within its covenants and also better than forecast - net debt to EBITDA stood at 1.8x, and barring any unforeseen problems will be ahead of the target to get below 2x by the end of 2019 - I can certainly see why this might be a concern for investors. It means that the free cash flow generated is going to be spent on repaying debt, rather than returning any cash to investors in the form of dividends, or even share buybacks whilst the price is perceived as being cheap. It also opens it up to risk from any significant prolonged reduction in oil prices, although that seems less likely given events in Saudi Arabia over the weekend, and with Brent trading at more than $66/barrel currently and looking likely to do so for some time until full production from Saudi is restored. That certainly shouldn’t do the revenue and free cash flow figures any harm for the latter part of this year, given that opex per barrel is a fraction over $20/boe. It does have the added security of 3.9 million boe being hedged at an average price of $66, and a further 0.7 million boe at $56. Its largest field Kracken, which it holds a 70.5% interest in, has continued to see improvements and now averages nearly 33,000boepd (over 23,000boepd net), and could see the upper end of 30,000-35,000boepd gross guidance for the full year. But the biggest growth in production has come from its norther North Sea assets, up from 19,000boepd in H1 2018 to more than 30,000boepd for the first half of this year. That has come as a result of the acquisition of the remaining 75% of the Magnus field, which it completed at the end of last year for a cash payment for around $100 million, plus a loan from previous owner BP for $100 million which will be repaid from operating cash flows. Magnus added 50 million boe of 2C resources and also has plenty of potential upside if the company is able to develop the large existing gas find there. Currently it is repaying the revolving credit facility, which was reduced by $65 million in H1, and with a further payment of $35 million to be paid in October. But the company does still have $964 million in bonds which are due in 2022, so those will need to refinanced – though, given that they are currently trading at around 84% of par value, things look more encouraging, certainly if you look back at the valuation for them over the past few years. Given that the company had 245 million boe of 2P reserves, as at the end of 2018, and a further 198 million barrels of 2C contingent resources, along with further upside potential from its assets, I can see value at the current share price of around 21p. There is still risk, as if the oil price was to drop by any significant amount the company could quickly find itself in trouble again and unable to pay off its debts quickly enough. But with a NAV of more than $1.05 billion on the balance sheet, I view this a long term buy and hold, whilst watching the oil price closely, and can see good upside potential over the coming years
30/9/2019
21:13
stansmith3: andyyour post clearly shows that is a leveraged play on the poo, where have we heard that before ;)and that ROBIZM was well wide of the mark in his response to me the other dayon the plus side, some hedging aside (yes onedeuchebag it can work against you) 16.50 on a barrell oil will do wonders for enq share price - if it happens while there are some decent reserves left
25/9/2019
21:59
andypop1: Cole, The company reported a realised oil price of $66.10 during H1, the first two months of Q3 saw an average Brent price of a little over $61, September will likely pull that down a little despite the recent blip. So to state “With production across the portfolio increasing, Brent crude staying in the mid 60’s due to increased geopolitical risk, ENQ’s free cash flow generation increases exponentially” could be seen as a little misleading especially with Brent currently trading at $62.5, you do have the hedges though! We all know the significance of an average price of $65, that figure wasn't plucked out of the air like some of the share price predictions we see on here, it was calculated and agreed during the debt restructuring with creditors prior to the open offer on the assumption that Kraken would deliver on time and to its designed capacity, that didn't happen. Like the $65 average the RI price of 21p was not plucked out of the air and has proved to be a fair valuation of the company with the additional shares in issue and the lower oil price. The business has had to forward sell oil in exchange for cash up front, tapped up shareholders twice and entered into complex financing with Mercuria and Oz (forward selling) just to continue operating. At the current oil price when will the company be debt free? I know most companies carry debt and I wouldn't expect an oil company to be debt free but future production needs to be funded, the company is barely keeping its head above water, so where is the cash coming from to replace the reserves it is currently exploiting to pay the creditors? Good luck all.
16/9/2019
09:22
careful: What a dull reaction of the ENQ share price. With the Middle East such a mess I would have thought ENQ would be an attractive punt. Iran seem to have the capability of destroying important Saudi assets. And they are being provoked to the limit by Trump and his sanctions. Things could get much worse.
02/5/2019
16:38
danny baker: Stan, I was referring to broker negativity. Very few brokers seem to be pushing ENQ. Yes shareholders are positive as I am for the medium term. It is not just the poo which drives the ENQ share price. Price of Brent at the beginning of the year around $54 ENQ price 21.95p. Price of Brent today around $70 ENQ price 20.00p. Lots of factors influence share prices and of course it isn't possible to pinpoint which factors cause which price movements or which influence investor decision-making. That's the beauty of investing, other people can think you are wrong but you can still make money by thinking you are right.
18/4/2019
13:28
master rsi: BRENT has spiked to $72.03. but not a whisker of movement at ENQ share price Intrady futures
15/4/2019
09:11
master rsi: Someone with less than 1 month here and trying to talk like a grown-up CHILD only a foul could think one poster can influence the ENQ share price with 1,69 billion shares on the market richardbluesky Member since: 23 Mar 2019
19/3/2019
08:23
colebrooke: http://www.valuethemarkets.com/index.php/2019/03/18/enquest-worth-punt-ahead-full-year-results-week-enq/ Is Enquest worth a punt ahead of full-year results this week? (ENQ) by ValueTheMarkets • March 18, 2019 ValueTheMarketsMarch 18, 2019 Last week Enquest (LSE:ENQ) shares dipped to a three-year low after its Kraken project partner, Cairn Energy, reduced its estimate of reserves for the field by 19pc. Enquest was quick to dispute the 2P reserve downgrade, stating it's estimate remains 'materially unchanged'. Enquest highlighted it uses different technical approaches to Cairn for the production forecasting of Kraken and assured investors that it does not expect to recognise any impairment charge related to the field. At today's share price of 15.5p, Enquest's Market Cap is just £260m. That seems pretty cheap for a company expecting to average 63-70k barrels of oil per day (bopd) this year. It is, of course, the company's debt mountain which, in addition to a poor performance from the Kraken field, has continued to stump sentiment in the stock. At the end of December 2018, debt stood at $1.774bn, an improvement on the half year levels of nearer $2bn but the company is very sensitive to oil price movements and as a result, is not attractive to the risk-averse. However, things are looking up, with the firm significantly increasing its ability to generate positive cashflow after the acquisition of a number of assets from BP including the Magnus asset. In an operational update in February, CEO Amjad Bseisu made it clear debt reduction is the company's key focus saying: "We expect material production growth of around 20% in 2019. Our capital programme includes new wells at Magnus, Kraken and PM8/Seligi as well our pipeline projects at Thistle/Deveron and the Dons and Scolty/Crathes. The successful delivery of this programme will underpin production during 2019 and beyond. Our focus on cost control and capital discipline, combined with our improved cash generation capability enables further repayment of debt, which remains the priority for the Group." Amjad Bseisu has certainly put his money where his mouth is. The CEO bought Enquest stock in November and January at 23.3p and 19.4p respectively, collectively worth £663.5k.This takes the director's interests in the company up to pc via a trust vehicle set up for his family called Double A Limited. Enquest's recent share price action is ugly to put it mildly. The sharp pullback in the oil price together with the rights issue at 21p in the last quarter of 2018 saw the stock price halve. Cairn Energy's reserves writedown for Kraken pushed Enquest below 18p support with the price now stumbling along a weak support trendline (red). However, unless there is further bad news, it seems likely the worst is now priced in. When sentiment becomes this negative on a stock it can often be slow to turn, but there may just be a suitable catalyst on the horizon. Full-year results are due to be released on Thursday this week. Any positivity in the results will likely trigger a decent rally from these subdued prices.
19/3/2019
08:22
colebrooke: http://www.valuethemarkets.com/index.php/2019/03/18/enquest-worth-punt-ahead-full-year-results-week-enq/Is Enquest worth a punt ahead of full-year results this week? (ENQ)by ValueTheMarkets • March 18, 2019ValueTheMarketsMarch 18, 2019Last week Enquest (LSE:ENQ) shares dipped to a three-year low after its Kraken project partner, Cairn Energy, reduced its estimate of reserves for the field by 19pc. Enquest was quick to dispute the 2P reserve downgrade, stating it's estimate remains 'materially unchanged'. Enquest highlighted it uses different technical approaches to Cairn for the production forecasting of Kraken and assured investors that it does not expect to recognise any impairment charge related to the field.At today's share price of 15.5p, Enquest's Market Cap is just £260m. That seems pretty cheap for a company expecting to average 63-70k barrels of oil per day (bopd) this year. It is, of course, the company's debt mountain which, in addition to a poor performance from the Kraken field, has continued to stump sentiment in the stock.At the end of December 2018, debt stood at $1.774bn, an improvement on the half year levels of nearer $2bn but the company is very sensitive to oil price movements and as a result, is not attractive to the risk-averse. However, things are looking up, with the firm significantly increasing its ability to generate positive cashflow after the acquisition of a number of assets from BP including the Magnus asset. In an operational update in February, CEO Amjad Bseisu made it clear debt reduction is the company's key focus saying:"We expect material production growth of around 20% in 2019. Our capital programme includes new wells at Magnus, Kraken and PM8/Seligi as well our pipeline projects at Thistle/Deveron and the Dons and Scolty/Crathes. The successful delivery of this programme will underpin production during 2019 and beyond. Our focus on cost control and capital discipline, combined with our improved cash generation capability enables further repayment of debt, which remains the priority for the Group."Amjad Bseisu has certainly put his money where his mouth is. The CEO bought Enquest stock in November and January at 23.3p and 19.4p respectively, collectively worth £663.5k.This takes the director's interests in the company up to pc via a trust vehicle set up for his family called Double A Limited.Enquest's recent share price action is ugly to put it mildly. The sharp pullback in the oil price together with the rights issue at 21p in the last quarter of 2018 saw the stock price halve. Cairn Energy's reserves writedown for Kraken pushed Enquest below 18p support with the price now stumbling along a weak support trendline (red). However, unless there is further bad news, it seems likely the worst is now priced in.When sentiment becomes this negative on a stock it can often be slow to turn, but there may just be a suitable catalyst on the horizon. Full-year results are due to be released on Thursday this week. Any positivity in the results will likely trigger a decent rally from these subdued prices.
03/12/2018
15:12
opodio: Could Enquest be set to smash the PMO share price in 2019? Alan Oscroft | Wednesday, 7th November, 2018 | More on: ENQ PMO Image source: Getty Images. If it’s not good for anything else, the Premier Oil (LSE: PMO) share price chart seems to be a pretty good indicator of the oil price. When the price of a barrel rose to $86 in the first week of October, Premier Oil shares hit their highest value so far this year. And while oil has since been slowly sliding back down, the shares have similarly been giving up their gains. With a barrel now having slipped back as low as $72, Premier Oil shares have dropped to their lowest price since May. And I reckon they’ll fall further if oil continues its decline, as the firm’s debt problem is far from solved and investors are likely to get scared again. Rocky ride The same can certainly not be said for Enquest (LSE: ENQ) shares, whose 2018 chart is one of the spikiest I’ve seen all year. In the past 12 months, the Enquest share price has rattled between the 20p and 40p levels, perking up and crashing back every few months. It’s a fine example of what investors in an unprofitable oil exploration companies often have to face — you need steely nerves. Enquest has been facing debt problems too, but cost-cutting and a recent rights issue have helped steady the ship, and analysts are expecting the bottom line to turn to profit this year. There’s a modest 6.7p EPS on the cards for December 2018, followed by a hike to 14.4p for next year. That would put the shares on a super low P/E, but that’s perhaps understandable if we look at the debt situation. At the halfway point this year, net debt had reduced, but still stood at nearly $2bn — more than three times the company’s market cap. Super cheap? At the time, Enquest said it “continues to prioritise maximising cash flow to facilitate the reduction of net debt,” and I really can’t disagree with that strategy. We’ve seen how debt came close to wiping out Premier Oil and Tullow Oil, and we could be quickly back into crisis times should oil prices fall much further. But if we do see that hoped-for profit this year, coupled with positive forward guidance and some further erosion of the debt mountain, I could see Enquest shares set for a strong 2019. But back to Premier, and (admittedly as a shareholder) I do see the share price fall in response to weakening oil prices as overdone. I’ve always felt Premier would be fine with prices of around $70 per barrel, and I still think that — I’d need to see significant further price falls before I’d start getting worried again. A good year ahead? I don’t want to downplay the debt situation at Premier, and at the end of the first half the figure still stood at $2.65bn, which is higher then Enquest’s. But Premier’s market cap is almost twice Enquest’s, and Premier’s debt is also coming down. We’re also looking at strong profit forecasts for this year and next too.
Enquest share price data is direct from the London Stock Exchange
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