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.

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.