With some companies you can argue the toss about whether it has borrowed excessively, but in the case of small cap oil producer Enquest (LSE: ENQ) there’s no ifs or buts — managing its debt is a matter of survival.
Does Enquest plc have too much debt?
VIDEO: One Fool considers the future of Enquest plc (LON:ENQ)
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Published Owain is a magpie of the investing world -- and not because he gets into a flap. Almost any style of investing might suit him, depending on the bigger picture, and he's held all sorts of companies. Paraphrasing Keynes, he says: “When the market changes, I change my mind -- what do you do?”
That said, Owain is usually a buyer of equities, where he prefers lightly geared, modestly rated companies, and is increasingly on the lookout for Buffett-style intangible quality. He aspires to buy-and-hold: his best investment ideas are worth much more than he sold them for. Then again, his worst investment went bust due to management fraud!
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