Enteq Technologies Share Discussion Threads

[brugen] 01/2/2018 07:33

US shale update from FT. May be paywall

[masurenguy] 27/1/2018 13:40

The sector newsflow continues to be positive and this must be fuelling Enteq's order pipeline.

[rp19] 27/1/2018 11:43

From The Times today 'American oil companies brought 12 more rigs into service this week, the biggest rise over a seven day period since March. Baker Hughes said that there were 759 active in the United States, the highest since September and boosted by the rising price of oil. There were only 566 rigs last year'.

[rivaldo] 23/1/2018 09:23

Looking good:



"Halliburton Oilfield services chief is gushing about shale boom

The North American shale oil boom will step up a gear this year, the boss of the world’s second largest oilfield services provider has predicted.

Jeff Miller, president and chief executive of Halliburton, said that he was optimistic about the prospects for the oil industry generally and for North America in particular, where the company’s revenues are climbing.

Shares in Halliburton rose by 4.9 per cent to $55.63 yesterday afternoon after it unveiled improved fourth-quarter results driven higher by North American shale activity. Mr Miller’s optimism echoed that of Paal Kibsgaard, the head of Schlumberger, the world’s largest oilfield services group, on Friday.

Halliburton, which is valued at about $50 billion, and Schlumberger, which is worth about $110 billion, help drilling companies to set up oil and gas wells. Their financial performance and commentary from management are seen as bellwethers for the oil industry....

...Mr Miller said said that he was “optimistic about what I see in 2018”. Revenue from the completion and production division was $3.8 billion, against $2.3 billion a year ago. The drilling and evaluation division reported revenue of $2.1 billion, up from $1.8 billion. The rise was powered by increased drilling activity in the Middle East and North America and by sales in Latin America."

[rivaldo] 22/1/2018 14:55

Nice 50,000 buy at 27.4p - shouldn't take much to get this stock moving.

[cheshire man] 17/1/2018 09:02

Indeed rivaldo,,,,,bodes well for NTQ :-)

[rivaldo] 16/1/2018 13:12

Moving up again, and news stories every day in the press about increased oil exploration and expenditure given current Brent prices at around $70..

[1gw] 12/1/2018 15:25

I hope this has much further to run, but I've taken some profit on some of the ones I bought in September just to reduce the weight a bit in my portfolio. I was quoted and took 25.3p.

[1gw] 10/1/2018 22:11

Hardly big volume ahead of the rns though.

Anyway, great to see the shareprice at last appear to respond to the recent rise in the oil price (whether or not the re-pricing was actually triggered by the rns). We're now well above the $60 WTI price that Enteq seemed to me (from the AGM) to believe would be supportive of increased activity.

[hugepants] 10/1/2018 15:09

I doubt Russell would have been interested in these.

[masurenguy] 10/1/2018 12:40

It was probably Russell Grant buying with foresight !

[brugen] 10/1/2018 12:06

Interesting the price moved before the RNS. It's almost like someone can forsee the future. Spooky!

[rivaldo] 10/1/2018 09:31

Good to see a 1p move up on just a £4k buy at 25p. I'm surprised it's taken this long with Brent at around $68 or so and the boom in shale output.

[masurenguy] 05/1/2018 10:57

Even more good news for Enteq !

Oil exploration finally back in black

Exploration for oil and gas was hit hard when crude prices crashed in 2014. Within 2 years, companies had slashed their spending on exploration and appraisal, and with it the number of wells they were drilling, by more than half. Things are looking up, however. With costs below $50, but with Brent crude back within touching distance of $70, confidence is returning to the sector. Oil majors are expected to lead the charge, with wells being drilled in Morocco in the first quarter by Italy’s Eni, the most successful major explorer in recent years, and by BP in Nova Scotia in the first half. According to data from Wood Mackenzie “there are early signs that the exploration sector may soon return to profit”.

Complete article:

[value hound] 31/12/2017 11:16

Agreed; it's difficult to see why NTQ shouldn't command a penny in valuation over its cash & net assets.

[1gw] 26/12/2017 22:37

WTI very close to the $60 mark this evening.

[masurenguy] 15/12/2017 01:29

Good news for Enteq !

Shale firms pump out an oil surplus

Rising output from American shale fields is set to tip the oil market into surplus at the start of next year, according to the latest forecasts from the International Energy Agency. The agency has raised its forecast for total US crude oil to 390,000 barrels a day for this year and 870,000 barrels a day for 2018, resulting in a worldwide surplus of 200,000 barrels a day in the first half of 2018, before reversing later in the year.

Article:

[rivaldo] 08/12/2017 08:49

RNS - excellent $500,000 contract win, and in a new geography too.

Time for a re-rating here given the £12m cash pile almost equating to the entire £14m m/cap:



"Contract award

Enteq, the oilfield services technology and equipment supplier, announces a contract from a new international customer.

On 7 December 2017, Enteq received confirmation and a cash deposit relating to an initial contract valued at $0.5m for operations in Indonesia. This is the first order Enteq has won in this territory. The contract is for using Enteq's core MWD ("measurement whilst drilling") technology in a geothermal application. The order will be delivered to the customer early in 2018.

Martin Perry, CEO of Enteq Upstream plc, commented:

"Enteq continues to develop new territories and applications for our equipment. This contract award represents the ongoing efforts to broaden the company's market presence."

[1gw] 02/12/2017 17:33

I was quite favourably impressed, but clearly difficult to get a proper read from a single meeting.

Someone (CEO or CFO) made a comment, in response to my observation on the share price in relation to cash holdings, that they had attracted some deep value investors for precisely this reason, so I think they are aware of their shareholder base.

The other thing that I think is relevant here is the way in which they have reduced cash expenses in order to preserve cash over the downturn. This has included reducing the size of the board (chairman leaving the company and COO leaving the board) and taking shares in lieu of salary (see 16th Dec 2016 rns for example). So their actions to me suggest a sensitivity towards shareholder concerns.