Market Reaction: this is almost too good to be true. This transaction is very value accretive on our price deck and adds £0.11 to our Core NAV for EnQuest. The very low price paid for the stake will inevitably raise questions about the attractiveness of the assets to the overall industry.
22 Feb 2016
ACQUIRE 10.5% WI IN KRAKEN FOR US$7.0 MM
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ACQUIRE 10.5% WI IN KRAKEN FOR US$7.0 MM
EnQuest PLC (ENQ:LON) | 15.7 -0.1 (-3.0%) | Mkt Cap: 300.2m
- Published:
22 Feb 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: this is almost too good to be true. This transaction is very value accretive on our price deck and adds £0.11 to our Core NAV for EnQuest. The very low price paid for the stake will inevitably raise questions about the attractiveness of the assets to the overall industry.