EnQuest Spread Betting
Where Can I Spread Bet on EnQuest? |
You can trade with no brokers' fees on EnQuest, in addition to a range of related financial markets, through providers like:
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| Broker Ratings - Sponsored by IG |
The following table takes the last 5 broker ratings/recommendations and gives a quick overview of the average target share price and creates an average broker rating for EnQuest:
| 03-Apr-13 |  | Buy | Based on last 5 Ratings | 140.4 | 169 | 20.51% |
A look at the latest EnQuest broker ratings:
| 03-Apr-13 |  | Sector Perform | RBC Capital Markets | 140.4 | 160 | 13.96% | | 02-Apr-13 | | Neutral | HSBC | 141.1 | 143 | 1.30% | | 28-Mar-13 | | Buy | Nordea Equity Research | 142.9 | 172 | 20.40% | | 27-Mar-13 | | Buy | Numis Securities | 140 | 183 | 30.70% | | 25-Mar-13 | | Overweight | JPMorgan | 141.1 | 188 | 33.20% | | 14-Mar-13 | | Strong Buy | Nordea Equity Research | 138.7 | 176.2 | 27.00% | | 23-Jan-13 | | Buy | Jefferies | 127.1 | 155 | 22.00% |
For the latest UK broker ratings see Daily Trading Tips.
The above list of Trading Tips / Broker Ratings is not an exhaustive list of broker recommendations. The above content does not constitute investment advice. All reasonable efforts have been made to present accurate information. Neither CleanFinancial.com nor any contributing company or individual accepts any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
For the sake of clarity, where a broker reiterates a rating with an identical target price within two weeks of the preceding rating, the older identical rating will normally be removed.
Advert:
EnQuest Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EnQuest with
Financial Spreads.
|
Where Can I Find Live Spread Betting Prices and Charts for EnQuest? |
The following CFD chart will offer readers a good guide to the EnQuest market.
The above Plus 500 chart usually tracks the EnQuest futures contract (not the spot market).
If you would like access to live financial spread betting prices/charts for EnQuest, you generally require a spread trading account.
A spreads account will also let you have access to the short term daily prices. Note: Opening any such account is normally dependent on status, suitability and credit checks.
Should your new account be approved then, when you log in, you will be able to analyse the real time trading charts and prices. On most platforms, these will be provided for free. What's the catch? You will probably get an occasional sales email and/or call from the financial spread betting company.
If you decide to trade then, before starting, be aware that spread betting and CFD trading do involve a high level of risk to your funds and you can lose more than your initial deposit.
Technical Charting Packages for EnQuest |
Whilst the charts tend to vary between firms, to aid your trading analysis, the charts generally have handy features such as:
- Many different time intervals such as 1 minute, 1 hour, 4 hours etc.
- A variety of displays such as candlestick and OHLC charts
- Drawing options such as Trendlines, Fibonacci Arcs, Fans and Time Zones
Charts offered by Selftrade Markets also come with advanced features like:
- BackTesting, Customisable Indicators and Analysis tools
- Popular chart overlays such as Ichimoku Clouds, Moving Average, Chande Kroll Stop etc.
- A selection of secondary charts such as MACD, Chaikin's Money Flow, Accumulation Distribution etc.
- Custom alerts when a market hits a certain price
Example trading chart
The spread betting firms in the following list let their clients have access to real time charts/prices:
Where Can I Spread Bet on EnQuest for Free? |
Speculating always comes with risk, however, if you'd like to open a Demo Account, where you can try out spread betting, please see below for further details.
In addition, don't forget that spread betting, in the UK, is free of income tax, stamp duty and capital gains tax*.
If you want to try a free online spread trading platform, you should keep in mind that investors are able to speculate on EnQuest with no commissions and no brokers' fees through companies such as:
If you'd like to open a completely free Test Account / Demo Account which lets you try out financial spread betting on markets like EnQuest, then have a look at:
Each of the companies listed above offer a Demo Account which investors can use to try out new theories, analyse charts and apply trading orders, e.g. OCO and GTC orders.
How to Spread Bet on EnQuest? |
If an investor is looking to speculate on UK listed companies like EnQuest then one possibility could be to spread trade on the EnQuest share price.
Looking at a website like capital spreads, you can see they are valuing the EnQuest Rolling Daily market at 116.5p - 117.1p. This means an investor can spread bet on the EnQuest shares:
 Increasing above 117.1p, or
 Decreasing below 116.5p
Whilst financial spread trading on UK shares you trade in £x per penny. As a result, should you choose to risk £4 per penny and the EnQuest share price moves 40p then that would make a difference to your P&L of £160. £4 per penny x 40p = £160.
Rolling Daily Equities Markets
Be aware that this is a Rolling Daily Market which means that unlike a normal spread betting futures market, there is no settlement date. If a trade is still open when the markets close at the end of the day, it just rolls over into the next session.
If you allow your bet to roll over and are spread betting on the market to:
Go higher - then you'll be charged a small overnight financing fee, or
Go lower - then you'll normally receive a small credit to your account
To find out more about Rolling Daily Markets read our feature Rolling Daily Spread Betting.
EnQuest Rolling Daily - Equities Spread Trading Example |
So, if you take the above spread of 116.5p - 117.1p and make the assumptions:
- You have analysed the shares, and
- You think the EnQuest share price will push higher than 117.1p
Then you might decide that you want to buy at 117.1p and invest, for the sake of argument, £20 per penny.
With such a spread bet you make a profit of £20 for every penny that the EnQuest shares move above 117.1p. Of course, it also means that you will make a loss of £20 for every penny that the EnQuest market goes lower than 117.1p.
Considering this from another angle, should you ‘Buy’ a spread bet then your P&L is worked out by taking the difference between the closing price of the market and the price you bought the market at. You then multiply that price difference by your stake.
With this in mind, if after a few trading sessions the stock started to move upwards then you could choose to close your trade to lock in your profit.
Therefore, if the market moved up then the spread, set by the spread trading company, might change to 123.0p - 123.6p. You would settle your position by selling at 123.0p. So, with the same £20 stake you would calculate your profit as:
Profits (or losses) = (Settlement Level - Initial Level) x stake
Profits (or losses) = (123.0p - 117.1p) x £20 per penny stake
Profits (or losses) = 5.9p x £20 per penny stake
Profits (or losses) = £118.00 profit
Speculating on shares, whether by spread trading or otherwise, can go against you. With this example, you had bet that the share price would go up. Naturally, it might decrease.
If the EnQuest shares decreased, contrary to your expectations, then you might decide to close/settle your trade in order to restrict your losses.
If the market dropped to 112.1p - 112.7p then this means you would settle your position by selling at 112.1p. That would mean you would make a loss of:
Profits (or losses) = (Settlement Level - Initial Level) x stake
Profits (or losses) = (112.1p - 117.1p) x £20 per penny stake
Profits (or losses) = -5.0p x £20 per penny stake
Profits (or losses) = -£100.00 loss
Note - EnQuest Rolling Daily spread taken as of 31-Oct-12.
Advert:
EnQuest Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on EnQuest with
Financial Spreads.
|
Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'EnQuest Spread Betting' by DB, updated 24-Apr-13
For related pages also see:
Spread Betting on FTSE 250 Companies, updated 26-Apr-13
Spread Betting on FTSE 250 shares: Individual guides to FTSE 250 companies with broker ratings. Plus where to get live charts and prices for FTSE 250 companies, worked spread betting examples and...read article: Spread Betting on FTSE 250 Companies.
Kazakhmys Spread Betting, updated 25-Apr-13
Kazakhmys spread betting guide with live Kazakhmys share prices and charts. Plus, broker recommendations on Kazakhmys, where to spread bet on Kazakhmys shares tax-free* and commission-free, how to spread bet on the Kazakhmys share price and...read article: Kazakhmys Spread Betting.
Pennon Group Spread Betting, updated 16-May-13
Pennon Group spread betting guide with live Pennon share prices and charts. Plus, broker recommendations on Pennon, where to spread bet on Pennon shares tax-free* and commission-free, how to spread bet on the Pennon share price and...read article: Pennon Group Spread Betting.
Debenhams Spread Betting, updated 22-Apr-13
Debenhams spread betting guide: live Debenhams charts and prices. Plus, broker ratings on Debenhams shares, where to spread bet on Debenhams shares commission-free and tax-free*, how to spread bet on Debenhams and...read article: Debenhams Spread Betting.
Dixons Spread Betting, updated 16-May-13
Dixons spread betting guide: live Dixons charts and prices. Plus, broker ratings on Dixons shares, where to spread bet on Dixons shares commission-free and tax-free*, how to spread bet on Dixons and...read article: Dixons Spread Betting.
Home Retail Group Spread Betting, updated 02-May-13
Home Retail Group spread betting guide: live Home Retail charts and prices. Plus, broker ratings on Home Retail shares, where to spread bet on Home Retail shares commission-free and tax-free*, how to spread bet on Home Retail and...read article: Home Retail Group Spread Betting.
Halfords Spread Betting, updated 08-May-13
Halfords spread betting guide: live Halfords charts and prices. Plus, broker ratings on Halfords shares, where to spread bet on Halfords shares commission-free and tax-free*, how to spread bet on Halfords and...read article: Halfords Spread Betting.
ICAP Spread Betting, updated 14-May-13
ICAP spread betting guide: live ICAP charts and prices. Plus, broker ratings on ICAP shares, where to spread bet on ICAP shares commission-free and tax-free*, how to spread bet on ICAP and...read article: ICAP Spread Betting.
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