Market reaction: slightly negative. While the deal was dilutive to fundamental value it would have boosted the firm's balance sheet by reducing Enquest's net capex to first oil at kraken.
15 Sep 2016
NO DEAL AT KRAKEN WITH DELEK
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NO DEAL AT KRAKEN WITH DELEK
EnQuest PLC (ENQ:LON) | 15.8 0 (-0.3%) | Mkt Cap: 301.9m
- Published:
15 Sep 2016 -
Author:
Stephane Foucaud -
Pages:
2
Market reaction: slightly negative. While the deal was dilutive to fundamental value it would have boosted the firm's balance sheet by reducing Enquest's net capex to first oil at kraken.