EnQuest in talks over Kraken stake sale
18th Jul 2016 14:26
(ShareCast News) - EnQuest is in talks with a subsidiary of Delek Group about the potential sale of a 20% stake in its Kraken field as it looks to reduce its debt. The North Sea oil operator has signed a non-binding memorandum of understanding with Delek and the two are now working towards executing
Read moreBarclays names Ophir Energy 'top-pick', upgrades Premier Oil
21st Jun 2016 14:46
(ShareCast News) - Analysts at Barclays re-jigged their recommendations on European Exploration and Production companies in order to take into account the recent rise in crude oil prices and improved investor sentiment regarding companies´ ability to execute to plan operationally. In the process
Read moreLondon midday: Financials pace gains as Footsie keeps climbing
20th Jun 2016 12:29
(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 12:03 BST, the FTSE 100 was 183.
Read moreEnQuest rises 13% as it denies government rescue talks
20th Jun 2016 08:56
(ShareCast News) - Heavily indebted North Sea oil producer EnQuest has denied media reports that it is in talks with the UK Oil and Gas Authority (OAG) about contingency plans. The government body fears insolvencies at Enquest and mid-cap peer Premier Oil, the Sunday Telegraph reported, and is mulli
Read moreEnQuest reiterates FY output guidance
19th May 2016 13:28
(ShareCast News) - EnQuest has reiterated its full-year production guidance for 44,000-48,000 barrels of oil equivalent per day (Boepd), and said it is on track to meet its cost-reduction targets. The oil and gas development and production company said production averaged 42,752 Boepd in the four mo
Read moreBroker tips: EnQuest, Debenhams, Smiths Group
18th Mar 2016 12:27
(ShareCast News) - Oil producer EnQuest's shares rose on Friday as Canaccord Genuity said the company is "one of the most attractive plays in the sector". EnQuest on Thursday reported a drop in full year earnings before interest, tax, depreciation and amortisation (EBITDA) to $465m from $581m in 201
Read moreEnQuest gains as Canaccord lifts target price
18th Mar 2016 09:45
(ShareCast News) - Oil producer EnQuest's shares rose on Friday as Canaccord Genuity said the company is "one of the most attractive plays in the sector". EnQuest on Thursday reported a drop in full year earnings before interest, tax, depreciation and amortisation (EBITDA) to $465m from $581m in 201
Read moreCairn Energy and EnQuest buy out Kraken development partner
22nd Feb 2016 07:46
(ShareCast News) - Cairn Energy and EnQuest have raised their holdings in the Kraken development in the UK North Sea. Oil and gas exploration and development company Cairn has acquired an additional 4.5% interest from First Oil through its wholly-owned subsidiary Nautical Petroleum, bringing its tot
Read moreUBS sees value in BG/Royal Dutch Shell, Tullow, Premier Oil
16th Dec 2015 12:19
(ShareCast News) - Going into 2016 - and despite oil prices being at around seven-year lows - UBS said it was the most optimistic in nearly two years and saw value in the shares of several companies in the space. "Although oil prices currently look unsustainably low for some operators, we can see a
Read moreThursday broker round-up
10th Dec 2015 15:52
(ShareCast News) - Anglo American: Nomura slashes target from 780p to 370p but reiterates reduce. Royal Mail: Morgan Stanley stays at buy with 420p target price. Enquest: Canaccord Genuity lowers target from 30p to 25p but keeps at hold. Entertainment One: JP Morgan reiterates overweigh and nudges
Read moreEnquest shares tumble company swings to loss
19th Aug 2015 08:22
(ShareCast News) - Enquest swung to a loss in the first half of this year, posting a first pre-tax loss of $36.4m from a profit of $78.6m in the same period last year. Shares in the oil company were down by 5.26% to 31.50p at 0849 BST. First half revenues were down to $414.6m from $503.6m, which th
Read moreAscent Resources rallies after restructuring EnQuest debt
9th Jul 2015 09:48
Shares in Ascent Resources surged 12% after the company said it has reached an agreement with EnQuest to restructure a debt of approximately £3m due for repayment in December 2015 into around £2m of convertible loan notes. In December, Ascent entered into an agreement with fellow oil and gas company
Read moreWednesday broker round-up
20th May 2015 13:36
BHP Billiton: Credit Suisse reiterates outperform and 1,350p target. Associated British Foods: Credit Suisse reiterates outperform and 3,250 target. BP: RBC Capital ups target to 500p from 490p and reiterates outperform. Royal Dutch Shell: Canaccord Genuity reiterates buy and 2,275p target. Vedan
Read moreWood Group wins new North Sea contract with Enquest
14th Apr 2015 07:56
Engineering services company Wood Group has secured a new five-year North Sea contract with UK exploration and production outfit Enquest. Wood Group PSN, which will provide engineering, design, construction, procurement and commissioning services, will work on the Thistle, Heather and Northern Produ
Read moreFriday broker round-up
20th Mar 2015 15:33
Asos: Citi reiterates neutral. TSB Banking: Numis reiterates hold and 340p target. Aviva: Nomura reiterates buy and lifts target to 690p from 650p. WPP: Morgan Stanley reiterates buy and raises target to 1,625p from 1,400p. Tullow Oil: Barclays reiterates overweight and 550p target. William Hill
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