Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Upstream LSE:NTQ London Ordinary Share GB00B41Q8Q68 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.375p -1.82% 20.25p 20.00p 21.50p 20.75p 20.00p 20.625p 111,930 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 3.8 -0.9 -1.6 - 12.52

Enteq Upstream Share Discussion Threads

Showing 651 to 674 of 675 messages
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
DateSubjectAuthorDiscuss
20/7/2017
10:21
To me it seems one of the best risk-reward bets out there at the moment. A play on the oil price in general and the US shale market in particular, but underpinned by 20p/share or so of cash & equivalents (plus another 10p or so of net working capital, inventory and property) and a management that appears to have done a great job of preserving that cash through the last year or two. I don't know what the charts say, but this has moved fairly sharply on small volume in the past and I keep expecting the market to wake up to what to me looks like a severe undervaluation. At the very least I would have thought it would be a steal for a competitor at the current sort of price if the worst came to the worst and management decided they wanted to sell out. But as I said before, perhaps I'm missing something.
1gw
19/7/2017
21:17
Why? This probably weakens further before it gets better.
dan_the_epic
19/7/2017
15:55
Me in for yet more. Able to average down at this price of course!
1gw
18/7/2017
17:46
Well those buys of mine at 28p back in April don't look so well-timed now! Even showing a small loss on my overall holding at the current price. Current share price seems odd to me given approx 20p/share of cash/equivalents, 30p/share of net assets (both at end-March) and what looks to be a fairly encouraging market environment in US shale. I must be missing something, I suppose.
1gw
17/7/2017
07:34
Encouraging words from Weir in their trading update this morning on the state of the US market.
1gw
23/6/2017
16:30
Well that's a nice surprise, having been out for the day and just now seeing the price. Good rns as well - good to see them preserving the cash with a management prepared to forego salary (or is it bonus?) for shares.
1gw
23/6/2017
16:16
OPEC have sought to drive US shale oil into the ground (forgive the pun) and their agreement to cut back production earlier this year is an admission of failure. But the minute the oil price rises so US shale oil production increases. The Saudis were stupid to take on Uncle Sam in the first place and I dont think Trump and ex- Exxon's Rex Tillerson are going to let them off the hook. https://www.bloomberg.com/news/articles/2017-03-01/exxon-sees-20-annual-growth-in-u-s-shale-fields-through-2025 Lets hope the civilised world sees the benefit of buying shale oil from the US rather than their money continiung to prop up the regimes of evil in the Middle East & Russia.
firtashia
23/6/2017
12:06
Amazing the difference that 53,000 shares bought within 3 minutes of each other can make :o))
rivaldo
17/6/2017
11:04
Possibly further bad news on long term demand for oil services companies The Forward Curve for Oil Prices Suddenly Looks Awful for OPEC, Brent, WTI trade in full contango as consumers fix forward Bearish U.S. stockpile data, gloomy IEA report don’t help (Message received from full article oil prices lower for longer. Not good news) https://www.bloomberg.com/news/articles/2017-06-16/the-forward-curve-for-oil-prices-suddenly-looks-awful-for-opec
pugugly
15/6/2017
13:58
brwo349 - I agree, having now had time to look through them in more detail. A quite remarkable turn round in revenue performance, but with very little explanatory comment in the results, as far as I could see, beyond a comment in the chairman's statement that "market conditions have seen some improvement since the beginning of 2017". 1HFY17 $0.7m revenue (vs $3.0m in 1HFY16) 2HFY17 $4.0m revenue (vs $3.3m in 2HFY16) FY17 $4.8m revenue (vs $6.3m in FY16) So if 2H is indicative of the FY18 run-rate then that sets up FY18 rather nicely. Even better if the turnaround only really came through in the last 3 months of FY17 as per the chairman's comment on calendar year 2017. I also noticed the disclosure of major customers (10%+ of revenue) is fairly revealing. It shows that their 4 biggest customers accounted for about 75% of the year's revenue: $1.2m $1.0m $0.9m $0.5m So a small company appearing to be pretty dependent on a very small number of customers. But great balance sheet, good 2H and to me it really does look well set for any sustained recovery in the US drilling market.
1gw
14/6/2017
11:49
Yep, steady as she goes ready for an upturn. The downside is protected by the very well looked-after cash pile, whilst there's serious upside if and when the sector continues to solidify and cap ex starts to improve. A brief summary from Malcolm Graham-Wood today: Http://www.malcysblog.com/ "An old friend, Enteq Upstream has results today and due to cost cutting and generally careful progress the losses are reduced. The company say that they have retained a ‘sustainable business in difficult market conditions’ and have looked after the cash, they still have $15.3m for sunnier days. Another one to keep an eye on."
rivaldo
14/6/2017
08:38
Very good results. Unexpectedly so. The second half of the year was much better than the first.
brwo349
14/6/2017
07:53
I was hoping for a better outlook. But, by my calculations there's still about 20p/share cash and 30p/share net assets, so it feels like there's a lot of downside protection in the current share price.
1gw
14/6/2017
07:44
RNS Number : 9958H Enteq Upstream PLC 14 June 2017 Final results for the year ended 31 March 2017 AIM traded Enteq Upstream plc, the oil and gas drilling technology company, today announces its financial results for the year ended 31 March 2017. Key features -- Cash balances have been maintained -- On-going overhead control, whilst maintaining core competencies resulted in a reduced loss before tax -- Reduced revenues reflect the difficult conditions experienced in the industry Financial metrics for Years ended 31 March 2017 v 31 March 2016 * Revenue $4.8m v $6.3m * Adjusted EBITDA $(0.5)m v $(0.6)m * Loss before tax $1.1m v $4.7m * Adjusted loss per share: 1.7 cents v 3.6 cents * Loss per share: 2.0 cents v 8.0 cents * Cash balance $15.3m v $15.1m Outlook -- Increasing drilling activity in North America is restoring customer confidence, however, capital expenditure remains constrained. -- Investment in technology & business development will continue to enhance the Group's product range. -- Management to maintain focus on cash and overhead control. Martin Perry, CEO of Enteq Upstream plc, commented: "Enteq has maintained a sustainable business through difficult market conditions. Core competencies remain, technical differentiation is being improved and market share maintained. The business is secure and ready to respond to growth opportunities around the world and in North America when market conditions allow." Prospects World oil prices have recently been under-pinned by Russian / Middle Eastern volume agreements which should result in more favorable market conditions for oil and gas companies and their service providers. In North America, through a combination of stable oil prices and increased efficiencies, the shale drillers are maintaining activities which will drive the need for further equipment in due course. Enteq continues to enhance its technology and make gains in establishing new international customers. Tight cost management has led to a strong cash position that give Enteq a platform from which to develop in a potentially recovering market.
masurenguy
13/6/2017
16:00
Tumbleweed blowing through the NTQ trading desks the day before results, so it doesn't look like anything has leaked. While we already know the cash balance at end-year from the 12th April rns, the rest of the balance sheet is unknown, and we know only that revenues and underlying EBITDA were expected to be in-line with the Board's expectations. So something to look forward to, besides the commentary on current trading and outlook given the continuing increase in the US rig count.
1gw
05/6/2017
14:33
Well it does sometimes feel that I'm helping to support the share price. But given the net tangible asset value and in particular the cash position, it feels to me like a relatively low risk (for a very low market cap oil services co!). We shall see.
1gw
05/6/2017
12:46
You be careful 1gw, you'll end up owning the whole co :-)I'm waiting to see what they say first before buying some more.
dacian
05/6/2017
11:32
And I presume that's my buy finally appearing in the trade listing - looking like a sell.
1gw
05/6/2017
10:27
Agree. I've bought some more.
1gw
04/6/2017
14:15
"U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world to harvest fields that register fat profits even with the recent drop in oil prices. Flush with cash from a short-lived OPEC-led crude rally, North American drillers plan to lift their 2017 outlays by 32 percent to $84 billion, compared with just 3 percent for international projects, according to analysts at Barclays Plc." The background keeps strengthening, even for the independent drillers ( NTQ's market). I'd be really disappointed if they don't come out with a more optimistic message on 14th of June. Https://www.bloomberg.com/news/articles/2017-05-09/shale-drillers-challenging-opec-with-84-billion-spending-spree
dacian
02/6/2017
09:33
Ouch! Once again this share demonstrates that if thinly-traded stocks can move up quickly on (apparently) light volume they can also move down quickly on (apparently) light volume!
1gw
31/5/2017
14:01
The advertised spread has been reduced to 1p (25p-26p, down from 25p-28p). So perhaps they are looking for a bit of business now.
1gw
22/5/2017
10:30
It seems the MMs are hardly looking for business, with an advertised spread of 3p. Roll on 14th June.
1gw
17/5/2017
14:05
Not a bad move on £8k of buys today :o)) I assume not much stock around.
rivaldo
Chat Pages: 27  26  25  24  23  22  21  20  19  18  17  16  Older
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