Updates

Enquest

June 2020

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Enquest’s final results are of largely academic value given the dramatic fall in oil prices. However, they showed group production rising 24% to 68,606 barrels oil equivalent per day. This led to sales of US$1,712m and EBITDA of US$1,007m, significant growth from 2018’s US$1,210m and US$716m, respectively. Cash capital spend rose from US$220m to US$237m. It had cash of US$288m with net debt of US$1,410m, down from US$1,775m for a net debt / EBITDA ratio of 1.4x. Net reserves were 213m barrels. It has limited hedging of 20% of its 2020 production with 2.9m barrels at an average floor price of US$65 / barrel and a further 1.1m at US$52 / barrel. JP Moran Cazenove notes that Enquest is proactively cut ...

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Diversified Gas & Oil - Moving to the Full List

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Enquest (May 2020)

Enquest (January 2020)

Enquest - Debt being paid down quickly (October 2019)

Enquest (July 2019)

Enquest (May 2019)

Enquest (March 2019)

Enquest (February 2019)

Enquest (November 2018)

Enquest - Forecast to nearly double oil production to 70,000 boepd by FY19 (June 2018)

Enquest - Kraken oil field will transform cash generation (May 2018)

Enquest (November 2017)

Enquest - Giant Kraken field achieves first oil (August 2017)

Enquest (June 2017)

Enquest (April 2017)

Enquest - Â£82m equity fund raising boosts balance sheet (December 2016)

Enquest - 43% growth in production (November 2016)

Enquest - North Sea oil firm eyes strong production growth (June 2016)

Enquest - Shares rally as oil bounces (March 2015)

Enquest - North Sea oil producer to double production to 50,000 bopd by 2018 (August 2014)

EnQuest - Pipeline shut-down a small blip (October 2012)

Enquest (July 2012)

Enquest - North sea oil group eyes doubling in production and reserves (June 2012)

Enquest - Eyes 40,000 bopd in 2014 (March 2012)

Enquest (February 2012)

Enquest (October 2011)

Enquest - Large director share purchases make for the strongest buy signal (June 2011)

Enquest (October 2010)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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