ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

ENQ Enquest Plc

10.86
-0.50 (-4.40%)
08 Oct 2024 - Closed
Delayed by 15 minutes
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
  -0.50 -4.40% 10.86 5,062,093 16:35:07
Bid Price Offer Price High Price Low Price Open Price
10.82 10.86 11.68 10.80 11.68
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Offices-holdng Companies,nec USD 1.58B USD -30.83M USD -0.0164 -6.60 213.97M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:07 UT 108,776 10.86 GBX

Enquest (ENQ) Latest News (2)

Enquest News

Date Time Source Headline
08/10/202407:00UK RNSEnQuest PLC Transaction in Own Shares
07/10/202415:46UK RNSEnQuest PLC Director notification
07/10/202407:00UK RNSEnQuest PLC Transaction in Own Shares
04/10/202407:00UK RNSEnQuest PLC Transaction in Own Shares
03/10/202407:00UK RNSEnQuest PLC Transaction in Own Shares
02/10/202415:30UK RNSEnQuest PLC Settlement of new bond issue
02/10/202407:00UK RNSEnQuest PLC Transaction in Own Shares
01/10/202416:12UK RNSEnQuest PLC Total Voting Rights
01/10/202407:00UK RNSEnQuest PLC Transaction in Own Shares
30/9/202407:00UK RNSEnQuest PLC Transaction in Own Shares

Enquest (ENQ) Discussions and Chat

Enquest Forums and Chat

Date Time Title Posts
08/10/202421:47Enquest Pure Class13,279
18/9/202417:26ENQUEST2,057
14/4/202221:17why this stock (looks) so extremely cheap? 3
05/2/202219:12Enquest charts1,633
09/7/202114:46Enquest Plc - 20215

Add a New Thread

Enquest (ENQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-10-08 15:35:0710.86108,77611,813.07UT
2024-10-08 15:29:5510.825,156557.88AT
2024-10-08 15:28:3410.823,439372.10AT
2024-10-08 15:28:0010.8286093.05AT
2024-10-08 15:27:5510.823,651395.04AT

Enquest (ENQ) Top Chat Posts

Top Posts
Posted at 08/10/2024 09:20 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 11.36p.
Enquest currently has 1,883,516,564 shares in issue. The market capitalisation of Enquest is £203,796,492.
Enquest has a price to earnings ratio (PE ratio) of -6.60.
This morning ENQ shares opened at 11.68p
Posted at 03/10/2024 21:33 by blackhorse23
Enquest #ENQ.L: Jeffries cut price target & issued sell
Posted at 25/9/2024 09:16 by blackhorse23
Share price is not performing well!! Due to management negligence
Posted at 06/9/2024 12:05 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 08:12 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 11:55 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’;) and associated interests (collectively the ‘Transaction assets’) which was part funded through a profit share arrangement with bp whereby EnQuest and bp share the net cash flow generated by the 75% interest on a 50:50 basis, subject to a cap of $1.0 billion received by bp. This contingent consideration is a financial liability classified as measured at FVPL. The fair value of contingent consideration has been determined by calculating the present value of the future expected cash flows expected to be paid and is considered a Level 3 valuation under the fair value hierarchy. Future cash flows are estimated based on inputs including future oil prices, production volumes and operating costs.

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-linked contingent consideration

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 10:01 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 14:21 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 08:19 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
Posted at 28/3/2024 08:58 by ashkv
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
Posted at 15/2/2024 07:40 by ashkv
SP: 12.14
ENQ Current Share Price vs 52 Week low of 11.38p on 13 Feb 24: 6.68%
ENQ Current Share Price vs 52 Week High of 20.05p on 17 Feb 23: -39.45%
Brent: $81.50
Shares Outstanding:
GBPUSD: 1.255
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 31 Dec 23: $481,000,000
Market Cap (GBP): £232,153,719
Market Cap (USD): $291,352,918
ENTERPRISE VALUE (EV=Market Cap + Debt - Cash)(USD): $772,352,918
EV/Barrel(USD) 2024 Mid-Guidance Production 43,000 Boe/d: $17,962
EV/Barrel(USD) Actual 2023 Production (Mid-Point): $17,629
EV/Barrel(USD) Average Production FY 2022: $16,343
Decommissioning Provision (HY 2023): $715,139,000
EV/Barrel(USD) including Decommissioning Provision: $33,952
2P Reserves BoE (Year End 2022): 190,000,000
EV/2P: $4.07
EV (Including Decommissioning Costs)/2P: $7.83
Enquest share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock