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| 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
|
|
|---|---|---|---|---|---|
| 0.12 | 0.88% | 13.72 | 1,547,874 | 11:16:20 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 13.70 | 13.80 | 13.78 | 13.46 | 13.50 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Offices-holdng Companies,nec | USD 1.58B | USD -30.83M | USD -0.0165 | -8.23 | 253.69M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 11:16:02 | O | 72,500 | 13.7976 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 02/1/2025 | 10:00 | UK RNS | EnQuest PLC Total Voting Rights |
| 31/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
| 30/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
| 24/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
| 23/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
| 20/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
| 19/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
| 18/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
| 17/12/2024 | 07:00 | UK RNS | EnQuest PLC Expansion of Seligi Gas Agreement |
| 17/12/2024 | 07:00 | UK RNS | EnQuest PLC Transaction in Own Shares |
Enquest (ENQ) Share Charts1 Year Enquest Chart |
|
1 Month Enquest Chart |
Intraday Enquest Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 10/1/2025 | 03:44 | ENQUEST | 2,082 |
| 08/1/2025 | 15:30 | Enquest Pure Class | 13,348 |
| 14/4/2022 | 20:17 | why this stock (looks) so extremely cheap? | 3 |
| 05/2/2022 | 19:12 | Enquest charts | 1,633 |
| 09/7/2021 | 13:46 | Enquest Plc - 2021 | 5 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 11:16:03 | 13.80 | 72,500 | 10,003.26 | O |
| 11:16:01 | 13.72 | 1,254 | 172.05 | AT |
| 11:16:01 | 13.74 | 8,000 | 1,099.20 | AT |
| 11:16:01 | 13.74 | 11,915 | 1,637.12 | AT |
| 11:16:01 | 13.74 | 1,260 | 173.12 | AT |
| Top Posts |
|---|
Posted at 10/1/2025 08:20 by Enquest Daily Update Enquest Plc is listed in the Offices-holdng Companies,nec sector of the London Stock Exchange with ticker ENQ. The last closing price for Enquest was 13.60p.Enquest currently has 1,865,367,210 shares in issue. The market capitalisation of Enquest is £253,316,867. Enquest has a price to earnings ratio (PE ratio) of -8.23. This morning ENQ shares opened at 13.50p |
Posted at 06/1/2025 10:05 by llef The email didn't specify, but looking around I seeEnquest Plc : Jefferies raises target price to 15p from 12p and just for info Energean Plc : Jefferies cuts target price to 800p from 1000p Harbour Energy Plc : Jefferies cuts target price to 350p from 360p Serica Energy Plc : Jefferies raises target price to 200p from 170p |
Posted at 30/12/2024 23:17 by bomfin Tax credits are only used up to count against the 40% tax. So if profit before taxation is £400 million a year. 22% will be allowed profit, 40% will come out of tax credits using up tax credits and 38% will be paid in tax. When they say they have $1.9 billion in tax credits it`s to use up against that 40%. £160 million a year. That`s what is happening I believe. I did ask previously where are the $1.9 billion tax credits shown on the balance sheet. They have been spoken about often in the past year by directors. Where are they on the balance sheet? I`m going with trusting the directors. Anyone want to say they haven`t got $1.9 billion usable tax credits? I`m happy to look at their research. I actually can`t remember if they said £ or $ above so went with $ lol which would be £1.5 million give or take a couple of 10ps on the share price.:=) |
Posted at 11/12/2024 11:14 by bomfin Thanks for the info re Kraken cargo lift Steelwatch. Back on this thread because it is here I mentioned Kraken and Waldorf. OK. Been researching. In answers to questions in one of the September presentations I believe it is said that Enquest net lease cost on the Kraken fpso falls by $80 million/annum on 1st April 2025. Because of tax credits that is around £38 million/annum after tax deducted at 38%. Waldorf`s share of this gross reduction would be just around £16 million/annum if paying tax at 38% and £7 million/annum if paying tax at 78%. Also in their most recent presentations Enquest have said clearly they want to have operatorship of assets having a right old moan about an unsuccessful well at Golden Eagle. It seems natural and lucrative for Enquest to buy Waldorf`s share. They may wish to buy them out of Scolty and Crathes also ? Somehow I dont` think this is on the radar. Adding on weakness. |
Posted at 01/11/2024 09:22 by loglorry1 I own a fair slug of the bonds and some equity but the time has come to start to take in more of the equity.The tax changes are good for ENQ tax profile. They'll get more EPL relief from Capex spend and they'll pay down debt faster. Given how highly geared the equity is to the EV of the company. The tax change will make a big difference to deleveraging. The corp tax losses are still very significant and so they'll pay no corp tax for some time. I think they'll pay down the net debt very quickly now and we'll soon be sitting on a company with net cash on a p/e of around 3-4 (if share price remains where it is). Debt free it propably re-rates to a p/e of around 6-7. |
Posted at 06/9/2024 11:05 by bomfin On Magnus. They got the rig certificate later than expected. Still Magnus was at 15,000 boepd first half. THey say they will be within production guidance for the year with shut downs. So production for the 2nd half not bad at all. Also the operations director suggests they could get to mid point of guidance which would suggest a stronger 2nd half. He really talks a good talk. If he`s half as good as he pitches up 2nd half will be ok. Recent share price weakness I suggest is because of oil price coming off the top. The buy back is clearly easily doable so at present they are dripping money into this because this way they are buying shares cheap. So I still believe Enquest is like a surpressed spring ready to bounce upwards. We shall see. |
Posted at 05/9/2024 07:12 by ashkv Decent results w/Net Debt down further, decommissioning work far below budget / and estimate on balance sheet, guidance down marginally from 43,000 Mid case to 42,000 Mid-case, Enquest Deal Team very active ;) Hopefully the market likes the imminent deal :)Very small portion of US#15mn allocated for share Buybacks expended - need to step up the same :) SP-> 11.75 ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 3.25% ENQ Current Share Price vs 52 Week High of 17.82p on 15 Apr 24 -> -34.06% Brent-> $73.00 Shares Outstanding-> 1,888,830,317 GBPUSD-> 1.315 Production To 30 June 2024-> 42,771 Production HY Revised Mid-Guidance 2024 (Guidance 41,000 to 43,000)-> 42,000 Production Actual 2023 Production (Guidance 42,000 to 46,000)-> 43,812 Production Average (Actual) FY 2022-> 47,259 Net Debt (USD) as of 30 June 24-> $321,000,000 Market Cap (GBP)-> £221,937,562 Market Cap (USD)-> $291,847,894 ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $612,847,894 EV/Barrel(USD) Production To 30 June 2024-> $14,329 EV/Barrel(USD) 2024 Revised Mid-Guidance Production 42,000 Boe/d-> $14,592 Decommissioning Provision (HY 2024)-> $761,833,000 EV+Tax Deductible Decommissioning Provision-> $1,374,680,894 EV/Barrel(USD) including Decommissioning Provision-> $31,377 2P Reserves BoE (Year End 2023)-> 175,000,000 EV/2P-> $3.50 EV (Including Decommissioning Costs)/2P-> $7.86 Total Payout Yield = Dividend + Buy Backs + Special Dividends 5.14% |
Posted at 23/8/2024 10:55 by steelwatch No time to study, but just extracted this from thr 2023 AR:22. Contingent consideration continued 75% Magnus acquisition contingent consideration On 1 December 2018, EnQuest completed the acquisition of the additional 75% interest in the Magnus oil field (‘Magnus’ Oil price assumptions and discount rate assumptions used were as disclosed in Use of judgements, estimates and assumptions within note 2. The contingent consideration was fair valued at 31 December 2023, which resulted in a decrease in fair value of $69.8 million (2022: increase of $233.6 million). The decrease in fair value in 2023 reflects a 1.3% increase in the discount rate to 11.3% (2022: 10.0%) and changes in the asset cost profile, partially offset by the Group’s increased oil price assumptions. The increase in 2022 reflected the Group’s higher long-term oil price assumptions and changes in asset profiles and cost assumptions. The fair value accounting effect and finance costs of $56.7 million (2022: $34.5 million) on the contingent consideration were recognised through remeasurements and exceptional items in the Group income statement. At 31 December 2023, the contingent profit-sharing arrangement cap of $1.0 billion was forecast to be met in the present value calculations (31 December 2022: cap was forecast to be met). Within the statement of cash flows, the profit share element of the repayment, $65.5 million (2022: $46.0 million) is disclosed separately under investing activities. At 31 December 2023, the contingent consideration for Magnus was $488.0 million (31 December 2022: $566.7 million). Management has considered alternative scenarios to assess the valuation of the contingent consideration including, but not limited to, the key accounting estimate relating to discount rate, the oil price and the interrelationship with production and the profit-share arrangement. A 1.0% reduction in the discount rate applied, which is considered a reasonably possible change given the prevailing macroeconomic conditions, would increase reported contingent consideration by $19.9 million. A 1.0% increase would decrease reported contingent consideration by $18.6 million. As the profit-sharing cap of $1.0 billion is forecast to be met in the present value calculations, sensitivity analysis has only been undertaken on a reduction in the price assumptions of 10%, which is considered to be a reasonably possible change. This results in a reduction of $83.3 million to the contingent consideration (2022: reduction of $73.6 million). The payment of contingent consideration is limited to cash flows generated from Magnus. Therefore, no contingent consideration is payable if insufficient cash flows are generated over and above the requirements to operate the asset. By reference to the conditions existing at 31 December 2023, the maturity analysis of the contingent consideration is disclosed in Risk management and financial instruments: liquidity risk (note 28). Magnus decommissioning-link As part of the Magnus and associated interests acquisition, bp retained the decommissioning liability in respect of the existing wells and infrastructure and EnQuest agreed to pay additional consideration in relation to the management of the physical decommissioning costs of Magnus. At 31 December 2023, the amount due to bp calculated on an after-tax basis by reference to 30% of bp’s decommissioning costs on Magnus was $19.8 million (2022: $21.9 million). Any reasonably possible change in assumptions would not have a material impact on the provision. |
Posted at 30/7/2024 09:01 by bomfin Personally I think they know they are sitting on a multi bagger. They are gently shaking out the weak holders and cutting the number of shares in issue so that remaining shareholders have more of the company. At current share price and after 25 million shares go to cover staff awards they will buy back for cancellation around 65 million shares. That`s a return of nearly 3.5%. The last updated debt position is from end April. In the last 3 months since then they should have cleared enough cash to pay the energy profits levy. Which will in my opinion leave us in a similar debt position to end of April. Then there are 3 more months until 3% increase on EPL during shich time I expect Enquest at current commodity prices to clear a further £90 million cash. That will leave debt at around £150 million. There are bonds on top of that. Possibly a further £300 million (anyone able to explain the bonds to me?) For Enquest with at least £1 billion tax credits the increase in EPL puts us on 62% cash take as opposed to current 65% cash take. NOt significant. Perhaps £10 million a year difference. There is still depreciation to take before paying tax also. For example they paid last $50 million for Golden Eagle 2nd half last year. They get that back out of sales also. Then Kraken fpso costs drop by £30 million a year starting April next year. They sill own 85% of the Enquest Producer. Some of my thoughts. Anyone able to explain the bonds in detail? I`d be grateful. |
Posted at 13/6/2024 13:21 by ashkv Enquest will soon have zero enterprise value at this rate!!!Market disregarding ENQ's tax shelter!!! SP-> 13.53 ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 18.89% ENQ Current Share Price vs 52 Week High of 18.57p on 10 Aug 23-> -27.14% Brent-> $82.75 Shares Outstanding-> GBPUSD-> 1.2775 Production To 30 April 2024-> 43,595 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 30 April 24-> $344,000,000 Market Cap (GBP)-> £258,448,722 Market Cap (USD)-> $330,168,242 ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $674,168,242 EV/Barrel(USD) Production To 30 April 2024-> $15,464 EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d-> $15,678 EV/Barrel(USD) Actual 2023 Production (Mid-Point)-> $15,388 EV/Barrel(USD) Average Production FY 2022-> $14,265 Decommissioning Provision (FY 2023)-> $755,762,000 EV+Tax Deductible Decommissioning Provision-> $1,429,930,242 EV/Barrel(USD) including Decommissioning Provision-> $32,638 2P Reserves BoE (Year End 2023)-> 175,000,000 EV/2P-> $3.85 EV (Including Decommissioning Costs)/2P-> $8.17 |
Posted at 30/5/2024 07:19 by ashkv Windfall Tax payment due in H2 2024 - so will require solid prices to get into a net cash position!!!However, overall tax burden for ENQ remains in the lowest quartile of UK producers given ENQ's vast billion plus UK Tax Losses!!! ENQ is now trading as per my figures at the lowest EV/2P and EV/Flowing Barrel for 4 years given the share price movement versus vastly lower Net Debt!!! 30 May 24 RNS -> SP-> 15.25 ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24-> 34.01% ENQ Current Share Price vs 52 Week High of 18.57p on 10 Aug 23-> -17.88% Brent-> $83.50 Shares Outstanding-> 1,915,924,339 GBPUSD-> 1.27 Production To 30 April 2024-> 43,595 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 30 April 24-> $344,000,000 Market Cap (GBP)-> £292,178,462 Market Cap (USD)-> $371,066,646 ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD)-> $715,066,646 EV/Barrel(USD) Production To 30 April 2024-> $16,402 EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d-> $16,629 EV/Barrel(USD) Actual 2023 Production (Mid-Point)-> $16,321 EV/Barrel(USD) Average Production FY 2022-> $15,131 Decommissioning Provision (FY 2023)-> $755,762,000 EV+Tax Deductible Decommissioning Provision-> $1,470,828,646 EV/Barrel(USD) including Decommissioning Provision-> $33,571 2P Reserves BoE (Year End 2023)-> 175,000,000 EV/2P-> $4.09 EV (Including Decommissioning Costs)/2P-> $8.40 |
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