Cookie Policy

Welcome, Guest
Username: Password: Remember me

TOPIC: ENQ

ENQ 22 Apr 2022 13:11 #1

  • Elena Saratov
  • Elena Saratov's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 79
  • Thank you received: 42
  • Karma: 0
Shotry,

I bought £2000 worth of Bonds for my ISA here. 9% is good and oil prices will help Enquest make the payments.
I closed positions on Monday in Enquest and made a 4 figure profit materially increasing my Spreadbet Account.
I am meeting my targets.
Although I would agree that Enquest should reach 40/42p soon using Spreadbets and CFDS there are overnight charges and weekends. With the Oil price so volatile I prefer to grab profits where I can.
I sold at 36.0p to 36.7p on Monday.
Today Enquest is down. Looking at IG 90% of investors are long, so 10% are short.
I will take a further position at 32p if it becomes available. I set up alerts on my IG App.
Whilst the Oil Price remains high Enquest should reduce debt over the next two years. Once debt free they can invest in further production. They have several licences including the Xcite Energy Bentley field.
My daughter has a £24,000 Junior ISA thanks to buying debt Free Producer SQZ at an early stage.
I see Enquest as a slightly different riskier proposition due to the debt and bonds to service, but they have significant production and when they become debt free the SP will be transformed here.
but until then I will trade it.
The administrator has disabled public write access.

ENQ 19 Apr 2022 14:54 #2

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 334
  • Thank you received: 184
  • Karma: 10
Elena, with respect I think you're getting enquest wrong. The chart suggests the first likely decision point on price is either 40p or 42.5 from my point of view. For the bonds, go search through the LSE discussion, it's not quite the way you're portraying it. Also, debt wise, they paid down 132 million in Jan/feb (POO around 85 average), obvioulsy with higher POO since that date, they're likely to pay down a lot more than that for Mar/April. This is no longer a quick in and out trade, it's a bet on the company having turned the corner. In my view, it will rise beyond 40/42.5 and head towards 56-60
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.

ENQ 31 Mar 2022 17:54 #3

  • Elena Saratov
  • Elena Saratov's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 79
  • Thank you received: 42
  • Karma: 0
Apologies for my view on the War in Ukraine.
I was completely wrong.
Let us hope that this war is over soon, the loss of life and destruction is awful.


I am still trading Enquest, I closed out a decent profit in this share yesterday at 31.05p.
Oil prices are so volatile but it looks like Enquest has only $1 Billion debt now and has renegotiated Bonds at 9%.
Should oil prices remain above $70 they should become a debt free substantial producer and the share price will increase substantially.
But the oil price is so volatile currently be careful.
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

ENQ 26 Jan 2022 11:50 #4

  • Elena Saratov
  • Elena Saratov's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 79
  • Thank you received: 42
  • Karma: 0
Back in today for a short term trade.
Oil prices still strong.
There is not going to be a Russian Invasion of Ukraine.
Not unless Russians start getting killed in the Ukraine.
Will take profit at 24p
The administrator has disabled public write access.

ENQ 13 Jan 2022 20:25 #5

  • Elena Saratov
  • Elena Saratov's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 79
  • Thank you received: 42
  • Karma: 0
Today the SP started slipping like it did most day so I closed my Spreadbet positions only to watch it finish slightly up from the open.
I booked a modest 4 figure sum. I have only been brave enough to use Spreadbets since June.
IG phoned me and told me that they would close my accounts.
I placed money in the account and am now trading more actively since September.
I have increased my account over 250% since then which is fantastic.
I need to reach 20k to make the account more active, I am taking positions only in a select few companies.
The administrator has disabled public write access.
The following user(s) said Thank You: remo

ENQ 10 Jan 2022 23:41 #6

  • Elena Saratov
  • Elena Saratov's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 79
  • Thank you received: 42
  • Karma: 0
Today ENQ broke through the 20p support.

I hold some profitable positions but if it looks likely that the fall continues tomorrow then I will close my positions and wait for the retest.
The administrator has disabled public write access.
The following user(s) said Thank You: remo

ENQ 06 Jan 2022 22:23 #7

  • Elena Saratov
  • Elena Saratov's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 79
  • Thank you received: 42
  • Karma: 0
Hi everyone,
Long time no see.
I am currently long in ENQ. They are pinned down by debt but have substantial production.
The problem was the latest market reaction to short term maintenance issues after the RNS was issued.
With Brent above 80 they have a chance of reducing debt.
They probably earn $2.5m a day gross profit, more than enough to service debt and reduce debt.
Imagine if the Oil price stays above $70? A company worth £300m becomes a £3BN company if debt is reduced to less than £100m.
Looking at a short term trade here there was minor resistance just below 20p. This looks to have a gap to fill which should make a very nice short term trade.
With their level of debt is definitely one to keep a very close eye on.
Attachments:
The administrator has disabled public write access.
The following user(s) said Thank You: remo

ENQ 19 Nov 2021 18:00 #8

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 334
  • Thank you received: 184
  • Karma: 10
No problem Paitech. It seems likely the issues are sorted, but it also seems that ENQ could have some difficulty servicing it's debt in 2023. After the RNS, there would seem to be enough negativity to mean that the gap at least to 17p area will still likely fill. I closed all leveraged positions (at a loss) prior to the RNS, due to the bd from the TL support. Glad I did. I hold shares and have to say it's been a big winner for me over time. I will not add, until the gap to 17 has been filled. I'd prefer to see the gap to 14 filled if I were honest.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: Paitech

ENQ 19 Nov 2021 10:12 #9

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
THanks for that heads up buddy.... phewwwwww
its down to 19ssss
The administrator has disabled public write access.

ENQ 16 Nov 2021 14:22 #10

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 334
  • Thank you received: 184
  • Karma: 10
Maybe worth keeping an eye on what is happening with Kraken. Some talk of production being down 40-50% due to technical issues. It's been going for a few days now and some believe it will have a material affect on ENQ's year end debt targets. Worth taking note of 2 gaps to the downside to 17p and 14p. With price having dropped below that TL and the market worrying about Kraken production, closure of those gaps becomes more likely in my view.
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: Paitech

ENQ 16 Nov 2021 09:12 #11

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
This has fallen after my last visit...

Currently under the long term up trendline...

With oil looking going higer, maybe worth the punt , before it breaks above the trendline...

ta
G
Attachments:
The administrator has disabled public write access.

ENQ 08 Oct 2021 23:56 #12

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
I think its a super broken out of triangle in weekly and daily

I had these ones from 16p, and holding it when it went to 26, then it started falling down , and sold it at 22p...

Now I feel, I should have hold it , hindsight....

But I think its still a good buy at 25p?

TF comments please... charts attached, weekly and daily
This has broken out of triangle nicely? what you guys think?
ta
G
Last Edit: 09 Oct 2021 00:09 by Paitech.
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

ENQ 24 Jun 2021 23:52 #13

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
Thanks TF.... yes, I would bank some profit... every little helps...

hope you and family are all well.

ta
G
The administrator has disabled public write access.

ENQ 24 Jun 2021 22:48 #14

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1527
  • Thank you received: 2071
  • Karma: 50
enq - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...CDji1vAglTE3Yw6CI%3D

i think this should make a a higher high....and its bene making nice higher lows. ;)
The next initial target here is about 30/32p area imvho....

Only a break below the channel and then the 200 day ema line would cancel the bull view imvho...

40p is a more longer term target....

lets see...and a very good entry here Paitech....maybe a good idea to bank some and hold some?

atb, wdik, dyor,
trendfriend :)
The administrator has disabled public write access.
The following user(s) said Thank You: Paitech

ENQ 21 Jun 2021 19:42 #15

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
Hi TF,all
whats your view on this? It looks like it filled the gap you mentioned earlier, and oil looking good too.
Not sure if I should hold for 40 or take profit early
ta
G
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

ENQ 16 Jun 2021 14:11 #16

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
I did buy some at around 17-18 p.
Not sure when to take profit
Ta
G
The administrator has disabled public write access.

ENQ 16 Mar 2021 06:55 #17

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
This one is still struggling.... to cross the down trendline.

charts attached...

Oil turning bit bearish too...

ta
G
Attachments:
The administrator has disabled public write access.

ENQ 07 Mar 2021 21:25 #18

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1527
  • Thank you received: 2071
  • Karma: 50
enq - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...28yKlSpxyWE%2FL3Q%3D

yep good spot....as long as that gap stays unfilled the target is 40p here imvho...

atb,wdik,dyor,
trendfriend :)
The administrator has disabled public write access.
The following user(s) said Thank You: Paitech

ENQ 05 Mar 2021 10:16 #19

  • Ronmould
  • Ronmould's Avatar
  • OFFLINE
  • Fresh Boarder
  • Posts: 84
  • Thank you received: 71
  • Karma: 1
No chart as working but just a heads up this broke through the downtrend resistance a few days ago and has today gapped up past TF's 23 key level.
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

ENQ 18 Feb 2021 23:24 #20

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1527
  • Thank you received: 2071
  • Karma: 50
enq - daily
uk.advfn.com/p.php?pid=chartscreenshotsh...Lev+oFl9+NT7hVngeYM=

This is a good spot here....
It looks strong but its at a point where it needs to prove its the real deal....or a just another bear rally.... ;)

If it can get its head above 18p and 23p on eod closing basis....both pivot levels and strong support turned resistance....then it should find the legs and have enough follow through to hit 40p imvho.

Buying here would be buying at resistance and too risky...wait and watch imho.

atb, wdik, dyor,
trendfriend :)
Last Edit: 18 Feb 2021 23:26 by Trendfriend.
The administrator has disabled public write access.
The following user(s) said Thank You: Paitech

ENQ 17 Feb 2021 20:40 #21

  • Paitech
  • Paitech's Avatar
  • OFFLINE
  • Senior Poster
  • Posts: 763
  • Thank you received: 417
  • Karma: 8
This seems to have come up a lot....
not sure if it will break out?

TF? any thoughts?

ta
G
Attachments:
The administrator has disabled public write access.
The following user(s) said Thank You: Trendfriend

ENQ 22 Jul 2019 22:23 #22

  • Trendfriend
  • Trendfriend's Avatar
  • OFFLINE
  • Expert Poster
  • Posts: 1527
  • Thank you received: 2071
  • Karma: 50
enq - daily.
uk.advfn.com/p.php?pid=chartscreenshotsh...c45nIRSzaLmn3a77pO0=

thanks for posting this up....this looks good for a bull run...if it can break above 24.25p and hold that number....it should provide the momentum trigger for a nice rally imvho...

the rest of the notes are on he chart...

atb, wdik, dyor,
trendfriend
The administrator has disabled public write access.
The following user(s) said Thank You: Paitech

ENQ 22 Jul 2019 08:42 #23

  • Shotry
  • Shotry's Avatar
  • OFFLINE
  • Junior Boarder
  • Posts: 334
  • Thank you received: 184
  • Karma: 10
Heads up. ENQ has broken what proved to be a significant resistance at 23.5. Price currently sits at 23.82 (hit 24.4 earlier). I think there is further signficiant resistance around 24.5. However, you could argue that price broke from a diamond bottom on July the 11th. That sets an avarage target price around 28. There are clear resistances around 29/30. Gaps often close quite quickly. On the down side there was a gap up today which is clearly visible on the 2h chart. That would close around 23p. On a more 'to infinity and beyond' view, there is a large gap overhead on the daily chart that would close just above 40. Just sayin'
All it takes for the triumph of evil, is the silence of 'good men'
The administrator has disabled public write access.
The following user(s) said Thank You: remo, Paitech
Moderators: remo

Time to create page: 0.337 seconds