Enteq Technologies Share Discussion Threads

[professor x] 15/5/2021 18:45

Another weekly rise for the rigs:

[p1nkfish] 13/5/2021 15:37

Geothermal can be bigger that many of us expect.
Not geographically limited (about 70% of planet surface) , ESG and base load capable 24hrs per day for heating.

[professor x] 13/5/2021 15:15

North America rig count slowly rising:

[p1nkfish] 04/5/2021 07:27

Whatever way you look at it, if the $ declines whilst the US reduces its energy independence via hindering its own O&G industry the result will not be positive for the US. Renewables will not fill the gap in time. Inflation will be stoked further. Reliance on foreign energy sources to fill the gap will increase along with geo-political risk and even worse balance of payments.

Politicians forget how toxic inflation can be to their chance or re-election.

One way or another the US will end up having to get out of the way of their domestic O&G producers a while longer imho, perhaps for a good few more years, or suffer the consequences.

Just mho.

[1gw] 30/4/2021 13:23

Perhaps just my old friend liquidity. Someone decided to sell some into the initial rise and no-one was there to buy them. The price still hasn't recovered despite the subsequent buying, so perhaps the seller has more.

[dolittle1] 30/4/2021 13:16

Very surprising response to a significant contract win. Not sure what is going on.

[1gw] 30/4/2021 11:26

Oh well!

I've bought some more just now at 16.5p, given the dip. Higher price than the ones I sold in November, but the oil price and US rig count have recovered a lot since then.

[p1nkfish] 30/4/2021 09:35

It won't be, not very ESG and few are truly contrarian or see a bigger picture over the next 18-24 months. O&G investments by the big boys have fallen but demand is about to rise. Patience will be rewarded, especially once Sabre has customers.

[dolittle1] 30/4/2021 09:18

4% down now. Market not impressed.

[p1nkfish] 30/4/2021 08:39

An existing satisfied customer with a new order and probably a Sabre target.

The US will make a big mistake if it kills off its' oil patch. The transition to alternatives will take quite a while and in the meantime the geopolitics and economics could play havoc. Nat Gas needed too.

Notice RV sales have been high in the US and the last thing they need is higher oil imports, especially if the succeed in weakening the $.

Numbers still well up over these,

[rivaldo] 30/4/2021 07:22

Yep, great to see a $1.1m contract arrive from an unexpected source. As 1gw says, prospects in the US had seemed pretty poor. If NTQ can combine:

- increased international sales
- a revived US market
- and Sabre revenues

then things could get quite tasty:

[1gw] 30/4/2021 07:05

Maybe this new rental contract will boost sentiment. It ought to. MP had publicly more or less written off US drilling.

Low liquidity can help the price when there's good news around.

[p1nkfish] 29/4/2021 14:14

Watch it move when Sabre revenue arrives late 2021, early 2022.

The idea oil won't respond to the world re-opening, along with the majors reducing investment, is nonsense. NTQ will see product demand and the coiled spring will respond. Oil patch jobs in US have been suffering, US will need oil, and there's a 2022 election where the Dems are likely to get a pasting. Those jobs pay well and US being handicapped. Just mho, dyor etc.

[1gw] 29/4/2021 13:47

So WTI back above $65/bbl and we're still stuck here on 16p bid. Liquidity, liquidity, they've all got it in for me, to misquote Kenneth Williams.

[p1nkfish] 28/4/2021 17:18

Goldman sees very large jump in oil demand in next 6 months with price target to $80/bbl.

"the biggest jump in oil demand ever – a 5.2 mb/d rise over the next 6m, 50% larger than the next largest increase over that time frame since 2000 and almost twice as large as the biggest 6m supply rise since 2000."

If Biden is stupid enough to interfere it will only help pollax the US economy further, RV sales are booming too so demand will be stiff. All that is needed is a little tit-for-tat between Israel and Iran and watch the world reel into depression as oil surges further.

[p1nkfish] 19/4/2021 12:58

Stressing ESG might help too, geothermal etc.

[rivaldo] 19/4/2021 07:16

I'm really pleased to see Finncap appointed as broker and NOMAD.

Now we should (1) see more active promotion of NTQ in general and (2) wider dissemination of research material via Research Tree etc. So NTQ's main PI audience will actally get the chance to find out more about the company at a time when its prospects are looking up nicely:

[rivaldo] 12/4/2021 15:29

Very detailed new research report today from Proactive:



And a video interview with Proactive's analyst:

[p1nkfish] 09/4/2021 08:26

If SABRE comes good they can go at current oil prie levels simply by converting customers from old competitor tech. Getting to SABRE is the valley to cross. Good luck, 2014, that is indeed a while.

[1gw] 09/4/2021 07:54

It has potential to do a lot better than that, I think. But it is always vulnerable to the oil price hitting an air pocket which destroys demand for NTQ's services for a while. The cash balance has allowed it to see out a couple of severe downturns and that's what makes it such an interesting option-like investment in my view.

Perhaps the ideal scenario now is expansion of its market (into rotary steering) followed by a long-enough period of stable to rising oil prices to allow it to build up a good base level of sales and profits. Ultimate destination is still quite likely to be sale to a bigger services company I think, but NTQ will want to go out on a high (high sales, high and growing profits), not in distress (sales down, cash balance running out).

I've been invested here since March 2014, so definitely patient.

[p1nkfish] 08/4/2021 19:51

It will burst upwards one day, may be q4 2021, q1 2022.
When Sabre is proven to be a game changer.
Expecting 3-5 bagger but patience needed.

[1gw] 08/4/2021 18:52

Just the single trade of 550 shares reported then, on a day when the company produces a TU and gives proactive a 5 minute interview with the new CEO.

[rivaldo] 08/4/2021 09:42

Good to see the American market picking up at last.

I also note that further sales have been made into the geothermal sector - which interestingly is now described as "a key market for Enteq".

NTQ could at some point be in a sweet spot given:

- $8.1m net cash against a £12m m/cap
- potentially combining rising ROW sales with a revived American market
- increasing geothermal sector sales
- and in particular, if the "gamechanger" SABER tool picks up traction - note that the "recent product launch resulted in a significant level of enquiries for further technical information".