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Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Upstream Plc 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
  0.00 0.0% 14.00 13.00 15.00 14.00 14.00 14.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.8 -6.3 -9.8 - 9

Enteq Upstream Share Discussion Threads

Showing 1201 to 1223 of 1225 messages
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
DateSubjectAuthorDiscuss
30/9/2020
10:55
Not worried about holding here, just impatient. GLA.
p1nkfish
30/9/2020
10:11
New research note out today from Proactive. They conclude: "Valuation The current market capitalisation of £9.05mln (US$11.6mln) compares with the current net cash position of US$8.8mln. This implies that the market is valuing the existing business and the opportunity set at US$2.8mln. We believe that based on current products plus the Rotary Steerable system, and with further expansion in overseas markets, the company could produce revenues in excess of US$20mln by 2024. We argue that the current share price does not reflect this." Also worth noting: "Given the comfortable balance sheet position, the company is maintaining its willingness to make focussed investments in new product development.The biggest project is the Rotary Steerable Drilling system that is under development. This project, together with other new product lines, will give Enteq an addressable market of US$2bn per year, compared with US$100mln for the current core technology offerings. The AGM statement indicates that a prototype deployment is scheduled for 2021, and we continue to expect that first revenues from this system will be realised during FY March 2022."
rivaldo
29/9/2020
06:28
BoD for the head of International Sales too. Not unexpected type of results given the wtate of the O&G markets.
p1nkfish
29/9/2020
06:09
Could have been worse. "Satisfactory trading recovery" and 1H revenue & adj EBITDA in line with management expectations. Cash down to $8.8m (still about 10p/share by my calcs), with reference to investing in working capital which suggests business is growing again. Suggestion of potential follow-on orders in China. I'll take that.
1gw
26/8/2020
07:41
Shell's deal with Egdon Resources yesterday "to appraise two licence areas in the southern North Sea just off the coast of Scarborough" could be interesting for NTQ: Https://www.thetimes.co.uk/edition/business/egdon-puts-foot-on-the-gas-with-shell-north-sea-deal-cbws22pkt - it's with Shell, with whom NTQ already have a promising relationship - it's in the UK, so obviously NTQ have a geographic advantage - most importantly given NTQ's expertise in horizontal drilling: "The companies now believe that modern techniques using horizontal drilling mean that the fields can be developed, Mark Abbott, 59, Egdon’s chief executive, said."
rivaldo
25/8/2020
22:24
Very interesting day of trading in NTQ. Looks positive on buy vs sell vol, vol vs average, new adds looking for a profit on their buy price going forward etc. Lovely.
p1nkfish
24/8/2020
19:53
Welcome aboard!
1gw
24/8/2020
08:56
Just seen the presentation and impressed so bought some at just over .14 which looks attractive entry price and also encouraged when directors but stock
oliversydney
22/8/2020
22:36
Always worth a quick look for the latest. Https://rigcount.bakerhughes.com/na-rig-count
p1nkfish
22/8/2020
19:04
Baker H recent report - there was massive rig reduction over past year we all know about but recent uptick in count in US and Canada. May have bottomed.
p1nkfish
22/8/2020
13:26
As a long-term (since November 2013) and long-suffering holder of NTQ, I watched Martin Perry's presentation with keen interest. Having read every (or almost every) RNS over the past 6+ years and scrutinised them (generally in vain)for any sign of "green shoots" emerging, at long last I have become significantly optimistic. The last set of results seems to have included substantial "kitchen sinking" and write offs such that both the book and tangible NAVs indicate a PBR of 0.75. I could go on longer but I commend Martin Perry's presentation. As a related aside, Perry's comments about the state of the US shale oil industry (at the very end of the presentation) support a bullish view of the oil price.
sturmey
21/8/2020
10:49
The presentation is online now here. Ta for the summaries above, haven't had a chance to hear it yet so will try later today: Https://www.youtube.com/watch?v=yVF6YKqVon8
rivaldo
21/8/2020
10:14
The potential upside here is such that patient buyers can afford to wait and still get a very respectable (very good) CAGR even if it takes 3-5 years. I think it will take less than that imho.
p1nkfish
21/8/2020
10:14
Thanks,1gw
brugen
21/8/2020
10:07
Big question for me is "Do I trust management." Answer for me is YES. Under valued, management with skin in the game I trust, management with experience, management realistic about what they face. I dont think they will risk much and aquisitions will be further enhancing if they occur.
p1nkfish
21/8/2020
09:43
Not really. There was a box on one of the slides saying "Further acquisition opportunities to strengthen product offering" but not a lot of discussion around it.
1gw
20/8/2020
20:43
1gw, thanks for the report. Did you get any feel for the size of any aquisitions? Are we talking about simple and cheap or complex and expensive.
brugen
20/8/2020
20:30
No sell-out, he was annoyed at the valuation and I liked that Shell had spent millions on the tech NTQ now have access to. Not easily replicated and offers leading capabilities. NTQ can make an excellent living off the Schlumberger/Baker Hughes excess margins and offer a better set of products too. Geothermal sales to Icelend and West Indies. Always like to hear a CEO be very realistic about the markets his company operate in and there was no BS from him on the call - good.
p1nkfish
20/8/2020
18:10
Pretty good presentation. Surprisingly upbeat and surprisingly dismissive of the prospects of a US shale recovery I thought. So I read that as firmly focused on international growth, especially when the Shell technology gets going - with field trials slated to start next year. I think there was an implication that they're looking fairly seriously at spending some of the cash on "bolt-on" acquisitions, taking advantage of current depressed valuations to pick up some technology that can enhance their offering and addressable market. And MP seemed genuinely and reassuringly "upset" at the market valuation of Enteq given the strength of the balance sheet, the track record of the team, the quality of the technology and the prospects for international growth.
1gw
20/8/2020
10:52
Great to see a second director buying shares on the open market, with this one almost doubling his holding. Incidentally, Investec's Buy note at 15.5p post-results retains their 44p target price.
rivaldo
20/8/2020
09:52
Well done, guys.
dolittle1
20/8/2020
09:46
Good to see. I'm expecting some Geothermal interests to show too to help diversify targets.
p1nkfish
20/8/2020
09:29
thats right Director Buy... (today)
netcurtains
Chat Pages: 49  48  47  46  45  44  43  42  41  40  39  38  Older
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