Delays to the Kraken field reaching full production levels could prove costly for EnQuest (ENQ), as it will leave a large gap in expected revenues up until that point.
Oil has been enjoying a good run over the past couple of months and many producers have seen that rise reflected in the share price of those companies.
Hello Share Rattlers. It takes a bit of courage to go anywhere near oil shares these days. But we have to be thankful that the price of the ebony nectar seems to have stabilised a bit at around 40 dollars a barrel.
It was perhaps not too surprising that Enquest suffered a baby being washed away with the Crude Oil bathwater experience last autumn.
Given how oil stocks have been slaughtered recently it might seem as bit silly to even be considering buying any. Especially when some commentators are forecasting Armageddon with oil prices slipping even lower to previously unimaginable levels – I’ve even seen mention of $40 per barrel being seen!







