Enteq Technologies Share Discussion Threads

[1gw] 16/5/2017 15:20

150k shares gone through this afternoon at 25p as well. Surprised that hasn't moved the price up.

[rivaldo] 16/5/2017 12:11

RNS - Hargreave Hale have bought another 1m shares and now own over 10% of NTQ, or 6.35m shares:



Quite a vote of confidence.

[petersinthemarket] 08/5/2017 09:27

Does that look like a head and shoulders?

[1gw] 03/5/2017 16:04

Managed to get a quote and deal price today, so that's me in for some more.

[zog] 02/5/2017 21:11

Interesting announcement made late afternoon today: a technology development grant from the UK Government's innovation agency. Not a huge sum of money, but a timely acknowledgement of Enteq's expertise in drilling technology, and potentially useful collaborations with Imperial College London and with the Chinese institue of Petroleum.
hxxp://www.enteq.com/enteq-partnership-ic

[1gw] 02/5/2017 13:54

Don't think there's a lot of depth at the moment. I managed to get one lot today, considerably cheaper than my purchases of last week, but can't get a quote and deal price to sell or buy the same quantity again.

[spob] 02/5/2017 12:42

Not sure why the drop today and couldn't really care to be honest

having more than doubled my money, my profit protection stop loss just triggered

[1gw] 28/4/2017 11:06

Don't know dacian. They did acknowledge in their 12th April update that "Market conditions have seen some improvements since the beginning of 2017", so that's sort of encouraging although clearly tempered by "...the Board's expectations for capital investment in new drilling equipment remain cautious."

Hopefully they're in "under-promise and over-deliver" mode.

[1gw] 27/4/2017 09:13

Trading update from Weir today is encouraging on activity level, if not pricing, I think:

"Oil & Gas

Order input for the first quarter was 50% higher than the prior year period. This was slightly ahead of prior expectations and reflected increased activity levels in North America. Original equipment orders increased 56% and aftermarket orders were 48% higher. On a sequential basis, input also increased significantly as customers accelerated the refurbishment of their frack fleets, with March and April orders well above prior expectations. Pricing levels remain depressed, with only slight improvements achieved in certain minor product lines...

Assuming oil and gas prices remain at or above current levels, we expect a strong increase in constant currency divisional revenues slightly ahead of prior guidance, driven by growth in North America..."

[1gw] 26/4/2017 17:25

Some of those buys today were mine.

Although the share price has left cash (& equivalents) per share behind (about 20p/share), it is still a bit below tangible net asset value per share (as of 30th September accounts) by my calculations.

Which still seems like pretty good value for a business operating in an industry that hopefully is well beyond the cyclical trough and may have a good period of recovery ahead of it.

[escapetohome] 26/4/2017 14:07

Very nice well done yasx

[rivaldo] 26/4/2017 09:57

Cheers Mas. More new recent highs here.

[masurenguy] 25/4/2017 16:52

More positive news which will benefit Enteq !

Halliburton back on track with help of shale revival

Growing demand for oil well construction and pumping services caused by the resurgence of shale oil in North America helped Halliburton to beat analysts’ forecasts for the first quarter of this year. The world’s second-largest oilfield services provider said that income from North America climbed by 24% as it reported its first improvement in quarterly revenue since the end of 2014.

The US is gearing up for a second shale boom as the oil price holds around the $50 mark after Opec member nations agreed to cut production. It is thought to hold the world’s largest reserves of shale oil, with about 80 billion recoverable barrels, according to the latest figures from the US government. The number of active oil rigs in America rose by five to 688 last week, the Baker-Hughes rig count showed on Friday. At the height of the shale boom in 2014 more than 1,600 oil rigs were active but the count plunged to just above 300 last year as the oil price fell sharply. On Friday Schlumberger, the world’s largest oilfield services company, said that revenue from North America increased by nearly 28% in the first quarter. Company-wide revenue increased for the first time in more than two years.

Full article:

[rivaldo] 25/4/2017 14:22

Yep - looks like an institutional (AT) 57k buy at 27p from first thing just reported started things off nicely.

[cheshire man] 25/4/2017 13:56

Up almost 9% now :-)

[rivaldo] 25/4/2017 10:05

Buying at 26.7p this morning and new recent highs again.

[rivaldo] 18/4/2017 10:56

Nice 36k share buy at 26.45p today.

Also from Dow Jones news wires today:

"A number of firms and agencies agree that U.S. shale oil is set to outperform the next two years, especially if prices stabilize in the $55 to $60 a barrel band. RBC Capital Markets projects U.S. upstream players will increase spending 35% to 40% this year, "accompanied by robust growth outlooks for 2017 and 2018."

[cjohn] 14/4/2017 11:44

Yes, I continue holding here too. No good reason to sell.

[rivaldo] 13/4/2017 15:13

Nice move today on minimal volumes. Presumably not much stock around.

[cheshire man] 12/4/2017 13:48

Well nothing in that update that prompts me to sell :-)

[apad] 12/4/2017 13:14

Nah, it was my 20k at 22.7 that moved the market, riv :-)
apad

[rivaldo] 12/4/2017 12:51

...and there it is :o))

88,200 shares bought at 24p. Nice.

[rivaldo] 12/4/2017 12:40

Nice move up - presumably a larger buy still to be reported.