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Enquest - Debt being paid down quickly

October 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • ENQ
  • Price:
  • 20p
I imagine some TMI readers would have been in short trousers or not even born when the world experienced its first oil price shock in 1973 (caused when oil cartel OPEC increased prices five-fold to punish US President Nixon for supporting Israel in the Middle Eastern war). That was followed by a similar surge five years later when the Shah of Iran was deposed, leading to a bungled American hostage crisis that put paid to President Carter’s re-election hopes. The two price spikes in the noughties decade were caused by more “demand” shocks on the back of Chinese growth but the latest surge could be the start of another old fashioned supply squeeze. Capital Economics calculates that the drone attack on the Saudi oil proces ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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