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EnQuest finance costs soar

Despite a swing to a reported profit, EnQuest's full-year results highlight the strength of creditors' hands
March 22, 2019

EnQuest (ENQ) wrote off some of its oil and gas assets at the end of 2018. But, as expected, the $126m (£95m) non-cash impairment made no mention of the underperforming Kraken field, which co-owner Cairn Energy (CNE) last week deemed to be 19 per cent less valuable in its most recent audit.

IC TIP: Sell at 19.9p
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