By Hotstockrockets | Saturday 5 February 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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.
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