Osborne tax cuts change little for North Sea oilers
Premier Oil and Cairn are developing the Catcher field and Ithaca’s Stella field is forecast to start producing later this year.
Company
LON:ENQ
EnQuest PLC, a powerful new oil & gas production and development company with a geographic focus on the United Kingdom Continental Shelf. The company has been formed from the demerged North Sea interests of Lundin Petroleum and Petrofac. EnQuest’s assets have been contributed by Petrofac and Lundin on a debt free basis.
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Premier Oil and Cairn are developing the Catcher field and Ithaca’s Stella field is forecast to start producing later this year.
Main share price risers and fallers in London at 2.00pm
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FTSE100 managed to close in positive territory on Thursday but it was a different story for the junior market....
The Bank of England kept interest rates unchanged for the 84th month in a row.
Major share price risers and fallers in London at 4pm
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Burberry, Cineworld, Goals Soccer, Restaurant Group, Premier Oil, Anglo America, Antofagasta, Griffin Mining and EnQuest are all in Friday's broker spotlight.
Investments and investor services
EnQuest, Cairn Energy, Helical Bar, Capital & Counties, and WS Atkins are in Tuesday's broker spotlight.
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Resources miner Regency Mines (LON:RGM) is back in the Horse Hill oil project...
The London listed oil firms have waived rights to $10mln of missed calls, and will instead take their former partners stake in the oil field development.
Investments and investor services
London’s FTSE 100 ended Tuesday some 88 points, 1.4%, lower at 6,135 after natural resources stocks once again weighed on the market.
The FTSE100 was also on its way down, losing around 70 points, or 1.1% to 6,151.
Below are the main news-driven share price movements at 4pm
With crude oil prices at around seven year lows it is going to take something spectacularly reassuring to excite EnQuest investors tomorrow morning
Full production is expected in early 2016 after more wells have been opened up
Investments and investor services
MP Evans, DekelOil, Tullow, Cairn, EnQuest, SOCO, Standard Chartered, and Marks & Spencer are in Thursday’s broker spotlight
“The EnQuest equity story is reliant on an oil price recovery," says Numis analyst Sanjeev Bahl
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Next, ASOS and Primark owner ABF were all upgraded, while Premier Farnell, Genus, Kaz Minerals, EnQuest and Wolseley were also in the broker spotlight
Our resident oil guru looks at the potential for life-saving mergers among the minnows of the sector as the oil price shows little sign of returning to more economic levels.