EnQuest plc – potential for double digit yield
EnQuest has quite the incentive to refinance its $ bond this year: doing so will automatically extend its bank facility out to 2028. The $ bond will yield solid double digits if they do it during 2022 (likely). Yield to... Read More →
Tullow Oil
After falling 84% since November, market cap is just £460mn. Five years ago the trigger was the drastic fall in world oil prices. This time, Tullow’s problems are mostly of its own making, and it will need to move swiftly... Read More →
EnQuest PLC
EnQuest is one several smaller operators that we have tracked over the past five years. While the group has made substantial progress boosting production and cutting costs during this period, the group remains highly levered. EnQuest update – Jan... Read More →
Transocean Ltd
Transocean (RIG) has been confronted with significant challenges during the current decade: the Deepwater Horizon disaster followed by lower oil prices. The former has largely been dealt with and the latter has not stopped the company from generating cash flow... Read More →