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
  +0.00p +0.00% 25.50p 24.00p 27.00p 25.50p 25.50p 25.50p 1,305 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 3.8 -0.9 -1.6 - 15.76

Enteq Upstream Share Discussion Threads

Showing 726 to 749 of 750 messages
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I'm tempted by this, looking at where the business cycle is for the industry, and it's cash balances. The CEO seems to have done a good job on cost cutting. However after some research, does anyone know if: 1.the cash balances they have are there because they never invested the funds fully after their IPO and are yet to invest? 2.The business they own, is there enough there to benefit in an upturn? 20 or employees in total. Their website is a bit uninspiring looking at one of their competitors. Thanks in advance
Oil will top $80 within 6 months Tsvetana Paraskova, Goldman Sachs is one of the most optimistic on oil prices. It sees Brent crude oil topping $80 a barrel within 6 months. Goldman Sachs has held one of the most optimistic views on the rebalancing of the oil market and oil prices in the near term, and the investment bank is now growing even more bullish, predicting that the oil market has likely balanced, and that Brent Crude will reach $82.50 a barrel within 6 months. Goldman sees the price of Brent reaching $75 per barrel within 3 months, lifting its short-term oil price projection from the previous $62 forecast. “The rebalancing of the oil market has likely been achieved, 6 months sooner than we had expected,” the bank’s analysts said in a report, as carried by Bloomberg. “The decline in excess inventories was fast-forwarded in late 2017 by stellar demand growth, high OPEC compliance, heavy maintenance as well as collapsing Venezuela production.” Goldman noted. At the end of last year, Goldman Sachs was more optimistic about the speed of the oil market rebalancing than many experts and other banks, and OPEC itself. The investment bank expected that the global oil overhang will have cleared by the middle of 2018, accelerating OPEC’s exit from the production cut pact that is currently set to expire at the end of 2018. “The oil re-balancing continued its progress through November thanks to factors including “stellar” oil demand growth" Goldman said in December. Now Goldman has revised further up its global oil demand growth forecast, to reflect strong emerging market economies that will drive oil demand growth. Expectations of robust oil demand growth also prompted JPMorgan to raise its forecast, seeing Brent prices averaging $70 this year, with a peak of $78 a barrel at some point in the first half, when strong demand will continue to push prices up. JPMorgan also revised up its average forecast for WTI Crude by $10.70 to $65.63 per barrel this year.
Yay, upwards movement again in the mid-point.
US shale update from FT. May be paywall
The sector newsflow continues to be positive and this must be fuelling Enteq's order pipeline.
From The Times today 'American oil companies brought 12 more rigs into service this week, the biggest rise over a seven day period since March. Baker Hughes said that there were 759 active in the United States, the highest since September and boosted by the rising price of oil. There were only 566 rigs last year'.
Looking good: Https:// "Halliburton Oilfield services chief is gushing about shale boom The North American shale oil boom will step up a gear this year, the boss of the world’s second largest oilfield services provider has predicted. Jeff Miller, president and chief executive of Halliburton, said that he was optimistic about the prospects for the oil industry generally and for North America in particular, where the company’s revenues are climbing. Shares in Halliburton rose by 4.9 per cent to $55.63 yesterday afternoon after it unveiled improved fourth-quarter results driven higher by North American shale activity. Mr Miller’s optimism echoed that of Paal Kibsgaard, the head of Schlumberger, the world’s largest oilfield services group, on Friday. Halliburton, which is valued at about $50 billion, and Schlumberger, which is worth about $110 billion, help drilling companies to set up oil and gas wells. Their financial performance and commentary from management are seen as bellwethers for the oil industry.... ...Mr Miller said said that he was “optimistic about what I see in 2018”. Revenue from the completion and production division was $3.8 billion, against $2.3 billion a year ago. The drilling and evaluation division reported revenue of $2.1 billion, up from $1.8 billion. The rise was powered by increased drilling activity in the Middle East and North America and by sales in Latin America."
Nice 50,000 buy at 27.4p - shouldn't take much to get this stock moving.
Indeed rivaldo,,,,,bodes well for NTQ :-)
cheshire man
Moving up again, and news stories every day in the press about increased oil exploration and expenditure given current Brent prices at around $70..
Oh, this one hasn't even started to run, 1gw :-)
I hope this has much further to run, but I've taken some profit on some of the ones I bought in September just to reduce the weight a bit in my portfolio. I was quoted and took 25.3p.
Hardly big volume ahead of the rns though. Anyway, great to see the shareprice at last appear to respond to the recent rise in the oil price (whether or not the re-pricing was actually triggered by the rns). We're now well above the $60 WTI price that Enteq seemed to me (from the AGM) to believe would be supportive of increased activity.
I doubt Russell would have been interested in these.
It was probably Russell Grant buying with foresight !
Interesting the price moved before the RNS. It's almost like someone can forsee the future. Spooky!
Good to see a 1p move up on just a £4k buy at 25p. I'm surprised it's taken this long with Brent at around $68 or so and the boom in shale output.
Even more good news for Enteq ! Oil exploration finally back in black Exploration for oil and gas was hit hard when crude prices crashed in 2014. Within 2 years, companies had slashed their spending on exploration and appraisal, and with it the number of wells they were drilling, by more than half. Things are looking up, however. With costs below $50, but with Brent crude back within touching distance of $70, confidence is returning to the sector. Oil majors are expected to lead the charge, with wells being drilled in Morocco in the first quarter by Italy’s Eni, the most successful major explorer in recent years, and by BP in Nova Scotia in the first half. According to data from Wood Mackenzie “there are early signs that the exploration sector may soon return to profit”. Complete article:
The US tax bill could help as well: "A few days before Christmas, the U.S. House and Senate passed the most comprehensive tax reform plan since 1986. Upon signing the bill, President Donald Trump called it “an incredible Christmas gift for hard-working Americans.” But Trump’s allies in the GOP Congress gave an incredible end-of-the-year gift to energy companies. Defenders believe a windfall of exploration, production and investment will emanate from energy companies in 2018, while critics say it will lessen renewable energy at the expense of the environment by unleashing further fossil fuel exploration." Https://
Agreed; it's difficult to see why NTQ shouldn't command a penny in valuation over its cash & net assets.
value hound
2018 should be a better year for NTQ, firmer oil prices and a near depletion of their customers' inventories should support demand. There's been a bit of theme developing amongst US shale drillers lately, like focusing more on financial discipline and shareholder returns, as opposed to increasing production at any cost. It shows in a moderating rig count, but some blame it on labour shortages. In my view this will be a net positive for NTQ as their customers are mainly small, independent drillers who are free of shareholders' constraints. Discipline amongst main drillers will also support oil prices and confidence in the sector. This in turn should encourage more small drillers coming back into this market.
WTI very close to the $60 mark this evening.
Good news for Enteq ! Shale firms pump out an oil surplus Rising output from American shale fields is set to tip the oil market into surplus at the start of next year, according to the latest forecasts from the International Energy Agency. The agency has raised its forecast for total US crude oil to 390,000 barrels a day for this year and 870,000 barrels a day for 2018, resulting in a worldwide surplus of 200,000 barrels a day in the first half of 2018, before reversing later in the year. Article:
RNS - excellent $500,000 contract win, and in a new geography too. Time for a re-rating here given the £12m cash pile almost equating to the entire £14m m/cap: "Contract award Enteq, the oilfield services technology and equipment supplier, announces a contract from a new international customer. On 7 December 2017, Enteq received confirmation and a cash deposit relating to an initial contract valued at $0.5m for operations in Indonesia. This is the first order Enteq has won in this territory. The contract is for using Enteq's core MWD ("measurement whilst drilling") technology in a geothermal application. The order will be delivered to the customer early in 2018. Martin Perry, CEO of Enteq Upstream plc, commented: "Enteq continues to develop new territories and applications for our equipment. This contract award represents the ongoing efforts to broaden the company's market presence."
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