Enteq Technologies Share Discussion Threads

[1gw] 06/7/2022 07:28

Surprised to see no reference to live directional drilling testing with SABER. Instead they focus on the flow loop testing. They say they are on track for commercialisation this year.

While waiting to see if finnCap produce multi-year forecasts I was encouraged to see this comment in the "Impairment" testing section:

"On the assumption that the SABER project is launched successfully, the longer-term forecast assumes annual growth rates between 5% and 3%. The impairment test assumes annual growth rates of 123% in the year to March 2023, 103% in the year to March 2024, 85% in the year to March 2025, 10% in the years to March 2026, and March 2027, followed by 3% thereafter. The high growth rates are due to the introduction of the SABER product line in the years under review."

Edit: finnCap now out and not showing a forecast beyond this financial year, which is for (just) $10m revenue.

So have to wait for the IMC session to see if we can get any more granularity on what testing has actually been done and what (if anything) the hold-up is with live directional drilling testing.

[1gw] 05/7/2022 10:27

Looking forward to tomorrow. Just hope there's no delay/problems to be announced on SABER.

Looking forward especially to seeing the out-year guidance that was flagged in private punter's late April note, if finnCap/enteq can follow through.

"Regarding current forecasts that are out in the market, it appears to be early days for NTQ in relation to FinnCap, which has succeeded Investec and the CFO says that whilst they are comfortable with the current forecasts that cover the current financial year, they will be looking to push the figures into a couple more out years when the next note emerges in conjunction with the final results."

[rivaldo] 27/6/2022 09:30

The US rig count surged upwards by 13 last week to 753:



Enocuraging to see all the gains coming from land-based drilling, with the Permian Basin leading the way.

[p1nkfish] 19/6/2022 09:57

NTQ working on further new products to match SABRE to other sections of systems. If not already accounted for it could increase the total addressable market.

[rivaldo] 19/6/2022 07:44

Nice post 1gw.

The US weekly rig count continues to climb - up another 7 to 740 now:

[1gw] 14/6/2022 13:24

The FT had an article at the weekend on capital discipline holding back US shale oil production growth. Within the article was a statement that what growth there had been in the drilling rig count was largely attributed to "smaller private operators, which do not face the same shareholder pressure as their larger public counterparts."

That should be good for Enteq as I think their customers (smaller "independent" service companies) are probably disproportionately (relative to the major service companies) serving these smaller operators.

"US oil producers ignore Biden’s rallying call to drill"

[rivaldo] 13/6/2022 08:46

The US rig count jumped up by 6 last week to 733:



Interesting too to see that in Canada the number of rigs jumped by a whopping 28 to 151.

[mr doughnut1] 01/6/2022 18:59

Linkedin is a good place to keep up with any day to day news from this company, anything major obviously appears on their website.https://www.linkedin.com/posts/enteq-technologies_oilandgas-geothermal-activity-6905092447232483328-Pf68

[rivaldo] 31/5/2022 10:34

Good to see the buying price increase now to 15.2p.

Perhaps our seller is finally running out of stock - almost 500,000 shares have been bought yesterday and today alone in this normally quiet stock re volumes.

[mr doughnut1] 30/5/2022 14:33

I also bought in again on Friday. I had to split my trade into two to buy below 15p.Last years final results were released on the 7th of July so we will receive some news relatively soon. However you get the feeling that an RNS could drop any day - this is speculation on my part.

[p1nkfish] 30/5/2022 11:20

A chance Canada might be supporting Germany/EU post meeting last week. Talk of minerals but expect fuel(s) would be in the mix too.

[rivaldo] 30/5/2022 10:40

I topped up again last week.

The outlook in the prelims should be extremely rosy given the oil price and the rig count increase - and the CEO's bought almost 285,000 shares in the last couple of months.

Plus any news on SABER could be gamechanging.

Last week's rig count was overall down one, falling for the first time in 31 weeks - though the onshore count was actually up one, with only the offshore count down by two.

Also interesting to see the Canadian rig count jumping by 15 in the week to 103, up from 62 last year:

[p1nkfish] 26/5/2022 20:27

Patience is also expensive AND undervalued.

[novision] 26/5/2022 20:21

Hence why we are stuck down here! Patience is a virtue....

[hastings] 26/5/2022 20:18

I doubt it, as it hasn't been launched yet.

[novision] 26/5/2022 15:59

Have they done any saber deals yet?

[1gw] 26/5/2022 09:58

Saudi Aramco CEO saying there's only 2% spare oil capacity.
WTI futures over $100/bbl out to November, and over $80/bbl to August 2024.
Henry Hub futures over $9/mmbtu through the summer and most of the winter.
JKM futures over $20/mmbtu through February 2024.

How on earth is NTQ shareprice still stuck down here?

[rivaldo] 22/5/2022 07:39

The rig count increase is accelerating - it was up by 14 last week to 728, the highest since the pandemic began and up 60% year on year:

[rivaldo] 16/5/2022 12:24

The US rig count rose another 9 last week, up to 714 now:

[1gw] 06/5/2022 18:58

Rig count now over 700.

[p1nkfish] 03/5/2022 10:35

Schlumberger positive and the likes of Schoeller-Bleckmann (Vienna listed).

[rivaldo] 03/5/2022 10:01

Thanks from me too hastings. Great to have confirmation that "they have seen very strong growth in the N. American market and that was before the current awful Ukraine situation".

The US rig count rose once again last week, by another three rigs to 698:



"Still, with crude prices again above $100 and global demand soaring, the stars are aligning for a production surge in the Permian Basin of Texas, foreshadowed by what analysts say is an “all-time high” number of drilling permits."

[mjneish] 30/4/2022 19:35

Thanks for the very interesting write-up hastings.

[squib3] 28/4/2022 09:01

Took a few more this morning, trades not showing yet.Like the way this is playing out, right product at the right time, underpinned by current profitable enterprise.