Results: ENQ

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EPIC ENQ
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EnQuest – operations update, an exciting year ahead: BUY

UK North Sea and Malaysia hydrocarbon producer EnQuest (ENQ) has published an Operations update, noting that it delivered free cash flow of around $395 million in 2021 with a realised price of c.$69/bbl, resulting in a stronger balance sheet with net debt reduced to $1,222 million and that net production averaged 50,810 Boepd last month. Good news? You bet.

EPIC ENQ
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EnQuest – new debt facility, recovery buy

EnQuest (ENQ) has announced a new senior secured borrowing base debt facility of approximately $600 million and an additional amount of $150 million for letters of credit for up to seven years. What is the significance of this?

EPIC ENQ
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EnQuest – 2020 results, some recent challenges but still a buy

Oil company EnQuest (ENQ) has announced calendar year 2020 results and that “year to date February production averaged 46,635 Boepd, affected by outages, repairs and opportunistic maintenance at Magnus and Kraken”. The shares have currently responded lower to below 19p, but this is a blip. The shares are a buy.

EPIC ENQ
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EnQuest – an oil recovery buy?

The oil price recovery continues and sector guru Peter Brailey has noted HERE that it is becoming very clear that demand is recovering back to pre-Covid levels along with production and storage decline trends. From around $67, he now sees $100 oil this year as very likely and perhaps inevitable rather than possible. And so to a geared way to play this...

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