||EPS - Basic
||Market Cap (m)
|Oil & Gas Producers
Enteq Upstream Share Discussion Threads
Showing 601 to 625 of 625 messages
|Nice 36k share buy at 26.45p today.
Also from Dow Jones news wires today:
"A number of firms and agencies agree that U.S. shale oil is set to outperform the next two years, especially if prices stabilize in the $55 to $60 a barrel band. RBC Capital Markets projects U.S. upstream players will increase spending 35% to 40% this year, "accompanied by robust growth outlooks for 2017 and 2018."|
|Still early days into recovery and should it continue ( I think it will) , at some point we should get news of new work coming through. Until then, the balance sheet will support the share price.
|Yes, I continue holding here too. No good reason to sell.|
|Nice move today on minimal volumes. Presumably not much stock around.|
|Well nothing in that update that prompts me to sell :-)|
|Nah, it was my 20k at 22.7 that moved the market, riv :-)
|...and there it is :o))
88,200 shares bought at 24p. Nice.|
|Nice move up - presumably a larger buy still to be reported.|
|Agree. Never like seeing a "however" in a TU, but that reads to me as cautiously optimistic.|
|About as good a trading statement as could be expected today:
- cash actually increasing to around £12.5m, against the £13.7m m/cap
- in-line revenues and EBITDA
- the overall climate improving slowly
- expansion in Saudi Arabia and new patent applications increasing NTQ's IP value|
|Thanks for the link. Good article. The focus of the article seems to be oil but I would have thought it applies even more to gas given the forward curve, unless producers find it more difficult to "short" gas on the basis of uncertain production - possibly more exposure (harder to buy back given lower liquidity of the gas markets) if the wells don't come in.|
|That's what they're doing 1gw, hedging for survival but also being forced to drill by lease obligations. early shoots of recovery I reckon
|I agree the inventory overhang / idle rigs, or "spare equipment capacity" as Enteq said in its November interims, may mean not much new revenue yet. But if the forward curve is high enough to allow companies to sell forward production from (and so finance the drilling of) wells which have a high probability of success, then I think the chances are reasonable of a continued and fairly rapid ramp up in the active rig count.
I just hope that Enteq have maintained the capacity to respond to demand once it is there.
They put out a TU on 20th April last year.|
|There's no doubt activity is improving, and I think US shale is here to stay. OPEC tried, but couldn't put them out of business. Costs are continuously coming down and they're becoming more competitive now.
So against an improving background I agree, it's very good value. Remains to be seen if that translates into demand yet. in the short term probably not, given the inventory overhang and competition.
TU end of the month?!|
|That's me buying some more. Still think this looks great value, even after the run-up in share price, given the cash, net asset position and recovery in oil and (especially) gas price.|
|Just to follow up my post 580, showing numbers from XOM's slide on well inventory at $2/KCF and $3/KCF, the forward curve for natural gas (Henry Hub) looks very encouraging for near-term shale gas drilling activity. Over $3.30 all the way out to March 2018. I think for HH prices, the unit is $/mmbtu rather than $/KCF so need the calorific value to do the conversion, but I don't think a conversion factor of 1 will be a million miles out (i.e. 1000 btu/scf).
|Interesting to see DUC's (drilled but uncompleted wells) rising in US, in contrast with what management expected. They thought that DUC's will be the first ones to be activated and more drilling afterwards. I suppose it makes sense to activate them when the oil price is much higher?!
|I wonder if there's a bid brewing - could be two in one day with PMR, which would be nice.|
|Good ol yasx hit the button on this one
|Lovely looking three year chart if it plays out :-) DYOR|
|Another nice move. Certainly doesn't seem to take much volume to have an impact on price.|
|Moving up again - the m/cap is even above the £12.5m or so cash pile now :o))|
|Yes, already nearly doubled since I bought in and still looking cheap on asset grounds.
Director buying is encouraging.|
|Nice very very nice indeed!|
|Moving nicely now. The maximum I can buy online is 15k, so not much stock available - any buying interest could bring further interesting moves.|