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Enquest - Left behind in oil price rally

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.

  • Epic Code:
  • ENQ
  • Price:
  • 21p
There is nothing as comfortable as an old hat. So I haven’t been that surprised that Premier Oil (PMO; 98p), a former oil high flyer, which was a NAP in our January issue at 69p when its share price was on its uppers, has spiked with the oil price rally to 107p.Another favourite, but which has yet to respond in the same manner, is exploration and production company Enquest (ENQ; 21p). Enquest was formed in 2010 and pursues a low-risk, asset scavenger strategy that identifies and acquires mature producing assets to which it lends its technological skills to unlock value by increasing their reserves and output. The primary focus has been the UK Continental Shelf in the North Sea, although the company has an interest in Malaysia ...

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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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