Investment - Articles - Share of the week from The Share Centre

 Nick Raynor, investment adviser at The Share Centre, picks Enquest, the oil and gas production company born from the de-merger of Petrofac in 2010, as his share of the week.

 Here's why:

 "Recent weakness in the share price has created a great opportunity for investors to buy into this quality company. We are keen to have exposure to the sector through one of the medium size groups that are geared to the oil price and Enquest is our preferred play.

 "Investors should be encouraged by Enquest's confidence that its assets offer solid organic growth opportunities in a production-biased portfolio. Last year the sector was subject to merger and acquisition activity, which could continue in 2011 and offer further opportunities.

 "Rising oil prices helped Enquest post interim results which were better than most had expected as profits rose over 145%. During the period the price of oil rose from $78.18 to $106.72 and improved production levels also helped to boost profits. The company is well on track to meet estimates for the year and if the improvements continue they could even be beaten.

 "Investors should note, there have been concerns raised over the new tax implemented by the UK Government on North Sea companies but this doesn't appear to have been a problem yet."