Inner Loop Intelligence
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Slack: C0A0ZC2NS48/ts:1771855531.6687
Author: Stuart Hardy
Date: 2026-04-07
Type: slack
Evidence: 1
Themes: 1
energy-sector-structural-positioning
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[E1201]
Enquest increased ownership of Magnus from 67% to 100% but not increased decommissioning liability (BP keeps theirs). Should add $40m FCF 2027, $25m thereafter. Free cash yield potentially 76% by 2027.
supporting · 2026-04-07