Market's view on Enquest
Published on April 2024
- There are concerns that shareholders are not being properly informed about company decisions, such as the sale of assets which was not mentioned to shareholders.
- Frustration was voiced over the company’s consistent financial losses and the absence of dividend payments; corruption among board directors was suggested as a potential cause.
- It was noted that Enquest is planning to sell its stake in Golden Eagle to accelerate debt repayment.
- There are mixed views on oil price trends, with some stock watchers noting an upward trend while others observed a downward movement.
- A stock watcher reported that Enquest has confirmed share buybacks starting this month, indicating a possible positive trend in share price due to decreased risk and increased free cash flow.
- Concerns were raised about the spread of misleading information which could potentially harm more than help.
- Analysts from JP Morgan and Goldman Sachs have downgraded their outlook on elements relevant to the company, affecting perceptions of its financial health.