Updates and Ideas

Enquest

May 2019

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.

Having crashed from US$85 to just US$50 / barrel on fears of global recession, Brent crude has spectacularly recovered to almost US$70 after Saudi Arabia implemented cuts to reduce a global over-supply. This is all good news for North Sea-focused, oil & gas exploration & production firm Enquest. Long term charts show the shares bombed out from old highs of 123p seen in 2014 (when prices were US$110 / barrel) after a debt fuelled expansion binge left it in dire straits. But the company significantly increased average production by 48% to 55,447 barrels oil equivalent per day (boepd) in FY’18, which led to a 136% improvement in EBITDA (cash profit) to US$716m.Put together in 2010 via a merger of the oil & gas assets ...

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Burford Capital - Pull-back provides attractive entry point

Enquest (June 2020)

Enquest (May 2020)

Enquest (January 2020)

Enquest - Debt being paid down quickly (October 2019)

Enquest (July 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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