Enteq Technologies Share Discussion Threads

[barongboy] 04/5/2012 06:06

yes , like wise.

[stegrego] 01/5/2012 08:14

Huge amount of insti support here and what appears to be a fast growing business about to be bought.

I'm in for a few based mostly on the board and the quality of the backers.

[simon gordon] 04/7/2011 07:15

FT - 3/7/11:

Their announcements follow the arrival on Friday of Enteq Upstream, which raised £15m at 100p a share in preparation to acquire and consolidate companies providing specialist technology to the oil and gas services market. The company, advised by Investec, is managed by the same team as that behind Sondex, which operated in the same sector and was sold to General Electric in 2007 at 450p a share after listing on the main market in 2003 at 100p a share.

[simon gordon] 04/7/2011 07:14

Enteq Upstream is backed by a number of the largest institutional investors on the London Stock Exchange, many of whom have more than £100bn under management. Combined with some pro-active funds looking to increase exposure to Oil & Gas services and some corner-stone Industry individuals, Enteq is able to take advantage of further long term funding from existing investors as well as attracting new funds.

There is no limit to the scale or number of acquisitions that could be made by Enteq and there is no end-of-fund or other pressure to sell the company or any of the investments in any specified time frame. Enteq intends to build a dynamic and international business where portfolio companies can benefit from shared resources and strategies.

The global oilfield services market is divided between a small number of very large global service providers such as Schlumberger, Baker Hughes, Halliburton and Weatherford and smaller, regional service companies that oil and gas producers rely on to provide the wide range of required services. Often, regional service providers lack access to the full range of products or technologies.

Enteq Upstream intends to create a compelling product offering which, for the global service providers, will make economic and operational sense to source externally and, for regional companies, will increase the range of technical services that can be offered.