Enteq Technologies Share Discussion Threads

[cockerhoop] 07/10/2014 12:28

The author (Private Punter) contributes to these boards under the name Hastings.

[paleje] 07/10/2014 12:20

Been adding since last week after emailing company. Today company emailed me, out of the blue, with a Sept article from the Cambridge News, its very unusual in my experience and on top of the positive comments they gave last week. The sender said I could share so I am:-

Hi Phil

A trading statement should be out within the next week or two with the interims going out in November

Take a look at the following article about us which the team here found very interesting and quite insightful.



feel free to share as we will be tweeting this article too.

regards

Danny

Danny Broughton
Corporate Development

Enteq Upstream plc, St Mary's Court, The Broadway, Amersham, Bucks HP7 0UT

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[prop_joe] 07/10/2014 11:14

I've added today.
Based on last results I calculate current assets - total liabilities of around 33p per share. I think I understand why the share price has fallen as it has failed to deliver on its initial promises but the current share price seems way to cheap IMHO.

[woodcutter] 07/10/2014 10:46

It looks to me like Aviva want out and they still hold 1.4m shares, although other institutions are taking up some of the slack i'd expect the overhang to be around for a while yet. Tempted to add but will observe a little longer.

Cash at last results of around 19p/share, business virtually in for free...........depending on oil price developments etc.

WC

[mull3r] 06/10/2014 12:31

270000 traded at 18.25 on Friday - desperate stuff in deed. Trading at net cash what's the downside here?

[firtashia] 06/10/2014 11:27

Aviva: buy high, sell low. I can do that! Thats why I'd much rather do it myself than pay people good money to do it for me!

[cockerhoop] 06/10/2014 11:06

Aviva sold 812,000 though so explains the weakness of late - now below 3%.

[skyship] 06/10/2014 10:12

City Financial Absolute Equity fund actually bought stock - 250k. Nice to see someone doing so!

[p1nkfish] 05/10/2014 15:10

No way of knowing for certain nor being totally sure of the future $ cost of shale oil. Discovery and extraction techniques are developing rapidly and helping push down costs. If the US also lifts the export ban all hell will let loose on the markets.

We can say the shale impact on the US economy is massive and they know it. Positive impact on imports (down) and Congress won't want to see that diminish too much. It also results in fewer $'s in the hands of US enemies and dictatorial states.

The ball is in NTQ's court to prove they can exploit all opportunities. The move to spread geographies is sensible and I read they had spent well on customising offerings for the Chinese and Russians where competitors were lacking and hadn't done so so well.

I'm holding and bought to bring down average price to < directors buys.

[paleje] 05/10/2014 10:43

Is a reduction of shale wells in the US a real likelihood? A report in ST today says Apache Corp is sellinup its North Sea and other international assets to plough its efforts into US shale, they must see plenty of potential their track record for buying in at the right time has been good.

[p1nkfish] 04/10/2014 13:45

Oh, and don't forget, if operating prices determine $80 there will be real pressure to reduce that across the value chain with improved processes and cheaper suppliers. I'm not clear if that will benefit the likes of NTQ though.

I do suspect that a collapse in the # of shale wells will quickly feed through to higher prices again as supply will diminish close to demand in US.

It will also lead to a deteriorating US balance of payments again and that won't go down well. Lead balloon!

The shale boom has helped the US BoP considerably, a real fillip.

Yanks are very aware of that.

[p1nkfish] 04/10/2014 13:36

sg, US shale is one of the only bright spots for the US since the crisis. If that hits the skids there will be repurcussions over there.

As far as China goes, their imperatives are energy security and local supply and displacement of coal.

QE is tied into this somewhere too as a push down on prices is needed to reduce input costs as stimulus is removed. OPEC will be fully aware and for all we know the US my have done some deals to keep the Arabs happy.

$, Oil, QE, ISIS, Arabs, Squeezing Russia. A very complex how do you do.

I don't think NTQ should be constrained by market size as they are such a minnow and looking to spread geographically.

[simon gordon] 04/10/2014 11:58

Telegraph - 4/10/14:

A secretive group of the world’s most powerful oil ministers will soon gather in Vienna to take arguably one of the most important decisions that could affect the still fragile world economy: whether to cut production of crude to defend prices at $100 per barrel, or keep open the spigots as winter looms among the biggest energy-consuming nations?

A sudden slump in the price of crude has exposed deep divisions within the Organisation of Petroleum Exporting Countries (Opec) ahead of its final scheduled meeting of the year next month to decide on how much oil to pump.

Some members, led by Iran, have called for immediate action to stem the drop in oil prices, while the Arab sheikhdoms of the Gulf have so far argued that it could be another three months before it becomes clear whether the group should cut production for the first time since December 2008.

Whatever they decide, oil remains the lifeblood of the global economic system due to its direct impact on inflation and input prices. Brent crude – a global benchmark of oil drawn from 15 fields in the North Sea, dipped last week to multi-year lows below $92 per barrel as a perfect storm of a strong US dollar, oversupply in the system and declining demand shattered confidence in the market. Brent has tumbled 20pc in the last three months after touching $115 per barrel in June.

In the US – the world’s biggest consumer – crude for November delivery at one point last week dropped below the psychologically important $90 pricing level, raising fears that a prolonged slump could put many of America’s shale drillers out of business. Shale oil, which can cost up to $80 per barrel to produce, has spurred an energy revolution in the US, which has started to threaten the dominance of producers in the Middle East.

However, at current price levels many of these new so called “tight oil” wells are approaching the point when they will soon become unprofitable.

Continued....

[p1nkfish] 04/10/2014 10:03

because they thought there was value at that price.
more value now that it's down somewhat.
they must think they will get a decent return on their cash.

[cockerhoop] 04/10/2014 08:41

Pinkfish,If the directors are as tight as you suggest it's interesting that they were spend their own money buying shares at much higher than the current price in September.

[p1nkfish] 03/10/2014 17:26

Would agree there too.

I find it interesting to watch this as there is a chance of a decent multiple return if there are no shenanigans going on and there is growth.

Again, they are a small player in a large TAM. Even if the market shrinks to a degree they have the chance to grow off the back of bigger competitors. The big boys can only grow to the rate of the market.

Interesting to see how this plays out. I gather the management are quite tight normally and not predisposed to splashing cash. They may have overpaid on acquisition but they also raised a decent wedge in a favourable environment.

Bit like buying a house at the peak whilst selling the previous house at the same time - at the peak.

This may be me justifying my purchases of course but there is a case for holding this and waiting especially if your average price is < recent Director purchases.

The Director incentive scheme is also reasonable and lines up with the shareholders interests.

Wait and see, may even add.

[alan@bj] 03/10/2014 16:13

NTQ may "have paid big bucks at the top of the market" (I couldn't argue either way about that) but the shares are now worth just 22% of their initial price in July 2011, and it's hard to believe they overpaid by all that much.

[p1nkfish] 02/10/2014 09:04

Granted, but I give them the benefit of the doubt and the Chinese imperative is a world way from the US. NTQ have put considerable focus on preparing product and offerings for China and I think it will pay off.

They are a minnow in a massive lake.

[simon gordon] 02/10/2014 07:55

p1nk,

"NTQ will know their market and constraintes better than the FT."

I disagree with that, NTQ paid big bucks at the top of the market for their acquisitions. One of the reasons Fundies ponied up the cash, when it was a shell, was their track record at Sondex. So far, they've failed and that is why there is a constant stock overhang.

[p1nkfish] 01/10/2014 22:27

It's worth remembering the size of the company vs total available market. When very big in the market there is a tendency to grow and contract at the rate of the market or worse.

A smallie can still grow convincingly if in a large
enough market even if the market is contracting.

NTQ will know their market and constraintes better than the FT.

The US can also throw a curve ball.
As soon as the export ban is lifted watch it go ballistic.

[paleje] 01/10/2014 18:36

Thanks skyship.

[skyship] 01/10/2014 17:25

paleje - a put-through:

Broker agrees with a Market Maker to sell the 750k and immediately buy back at a minimal mark-up, which in this case gave the MM 750,000 x 0.046p, ie £345.

The transaction likely to be:

# either a roll-over by the same investor for financing reasons

# or a genuine transfer from one investor to another

[paleje] 01/10/2014 17:05

Skyship what is a put-through please, excuse my ignorance.

I emailed the company Monday and got a response this afternoon I won't cut& past but I asked about the FT article from last week and if prices were getting to the point of affecting operators' attitudes towards drilling, now or foreseeable, and also if ex US sales would mitigate any such effect. I also asked if we could expect an update this month, I didn't expect specific answers although my q's were specific.

The respondent, who looks after Eastern Hemisphere business, took the time to read the FT article, he thought they were a bit over the top with their assessment and pointed out some factual inaccuracies in their report. He also confirmed that US rig counts are up on a 12 month basis and there is low volatility. The slight softening (his words) of oil price is not significant enough to point to any significant market change at the moment. He also cautioned on being overly focused on oil price as being the sole market driver for their success, there being a broad number of variables which drive activity in their niche.

He made a point of reminding me the agm statement was only 3 weeks old and that their ongoing strategy for internationalising the business is to make them less susceptible to boom bust mentality in the US market long term. He said they envisage issuing an update around the same time as last years so not far away. Overall I didn't get the impression that bad news was on the way.

I also out of interest read an article on Money Week which, apart from opining on oil price movement, includes some interesting tables of breakeven levels for operators on a country by country basis.


I think I'd be inclined to add rather than follow the recent selling but that's just my opinion.