Enteq Technologies Share Discussion Threads

[p1nkfish] 18/11/2014 09:47

good time for the french to buy more.

[p1nkfish] 18/11/2014 09:47

good time for the french to buy more.

[p1nkfish] 18/11/2014 09:43

yes, quality of management critical.

there is value here and if they manage cash and costs carefully this should rise in time.

market wants instant satisfaction, that's a sign of the times.

[paleje] 18/11/2014 08:53

I think 12 months from now the current share price will seem silly, management are on the ball, the oil price situation is out of their hands but they are working to mitigate any possible adverse effects. Good management, good product, no debt, cash rich, long term growth market with short term niggles.

[rivaldo] 18/11/2014 07:48

Yep, pretty decent H1 results with $1m EBITDA against $0.5m last year.

Still $13.8m cash in the bank, and as 1gw suggests over $7m excess receivables over payables, which hopefully suggests around $20m of "liquid" assets going forward once the debtors are recovered.

Not bad against a £15m m/cap - with $3.5m of PPE too.

[1gw] 18/11/2014 07:40

Results look OK at first glance although cash burn is interesting, shall we say? They've gone through $5m in 1H thanks to a big jump in receivables, which doesn't seem to align completely with the much more modest jump in revenue.

[paleje] 18/11/2014 07:34

In its current mood, probably take it as a profit warning:)

[p1nkfish] 18/11/2014 07:30

as expected for the results.
need to keep an eagle eye on costs and diversify geographies.
cash preservation important.
it says all the right things, see if they can execute to it.
mr market will think what?

[p1nkfish] 16/11/2014 19:52

US shale gas demand is rising due to colder weather earlier than usual. What is not immediately obvious is the chinese push on shale gas to replace coal. NTQ play in that segment too.

shale gas market predictions alone -

drill productivity report - for what it's worth - nov-dec 2014, oil & gas -

china surging gas, oct 2014 -

From NTQ 14th oct release - 'Analysts predict that a medium term increase in demand for gas will cause resumption in drilling in the gas producing shales.'

18th Nov will be interesting to read.

[p1nkfish] 16/11/2014 18:43

Interesting to read the next statement.

The move into ME, China and Russia looks prescient.

Still believe a small fish can grow in a big pond as they are not anywhere near impacted by TAM limits. The big boys are and tend to go with the ebb and flow of the market size. It can be one of the benefits of being a small player.

Shall be interesting to gain NTQ's view and to see if this is correct, or not.

[simon gordon] 14/11/2014 21:17

Telegraph - 14/11/14:

Rig counts also suggest that US drillers are beginning to feel the pinch.

According to Baker Hughes, the number of rigs targeting shale oil in the US fell to the lowest level since August this week. Drilling companies in the massive Eagle Ford shale area of Texas shut down rigs at the fastest rate.

[meijiman] 14/11/2014 09:45

Worth noting the takeover talks between Halliburton and Baker Hughes to create a rival to Schlumberger. Enteq might make an attractive morsel for someone?!

[paleje] 12/11/2014 09:08

Notwithstanding the current short term supply and price situation:-

By Jillian Ward Nov 12, 2014 12:01 AM GMT 0 Comments Email Print

The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.

“The global energy system is in danger of falling short of the hopes and expectations placed upon it,” the IEA said in its annual World Energy Outlook today. “The short-term picture of a well-supplied oil market should not disguise the challenges that lie ahead as reliance grows on a relatively small number of producers.”

Global oil consumption will rise to 104 million barrels a day in 2040 from 90 million barrels a day in 2013, driven by demand for transport fuel and petrochemicals in developing countries, the report said. To meet that growth and replace exhausted fields will require about $900 billion a year in investment by the 2030s as oil companies develop fields from Canada’s oil sands to the deep waters off Brazil, the IEA said.

Oil prices slumped to a four-year low this month on concern that supply from U.S. unconventional fields is rising faster than global demand. The recent price slowdown is threatening investment in the industry as companies try to insulate profits from the price fall. While the near-term picture is secure, the development of capital-intensive areas outside North America is at risk, the IEA said.

Oil Sands

In the Canadian oil sands, among the most expensive oil deposits in the world to exploit, a slowdown is already evident and the IEA estimates about a quarter of projects are at risk as prices fall. Likewise, the complexity and capital intensity of developing Brazil’s deepwater fields could also contribute to a shortfall in investment.

Replicating the U.S. shale oil boom outside of North America will also be a challenge, the report said. A lack of existing oil and gas infrastructure, environmental opposition to fracking, and uncertain geology are among the reasons unconventional drilling hasn’t spread.

Threats to new investment stand alongside political risks to oil and gas production. Sanctions that restrict access to Russia’s technologies and capital markets have raised concerns about security of supply from the world’s largest energy exporter, the IEA said.

Iraq is the biggest risk to the security of oil supply, the report said, contributing to the most turbulent time in the Middle East since the 1970s. The region is heavily depended upon as the only large source of low-cost oil. With Asian countries set to import two out of every three barrels of crude traded internationally by 2040, over-reliance on the region for production growth is a concern, the IEA said.

The Paris-based IEA advises industrialized nations on energy policy and produces the World Energy Outlook each year, making long-term forecasts on global oil and gas supply.

[hastings] 11/11/2014 14:40

Agreed rivaldo and looking at their usual strategy the range is anywhere between 5% to 20% interests, with 10-11% being fairly typical.

[rivaldo] 11/11/2014 11:04

Great news re Salvepar's stakebuilding - a pretty large commitment.

A 67k buy this morning has had a decent effect too. Looks like Salvepar took out the overhang.

[skyship] 07/11/2014 12:48

Salvepar have bought 3m shares (5.1%) @ 23p. Finally this ship should turn-around. Personally too nervous to add!

[1gw] 07/11/2014 11:20

So now we know who was buying on 5th November. I guess the share price move this morning is a reaction to the Tikehau purchase even though there is very low volume so far today.

[p1nkfish] 06/11/2014 08:01

Yes, might well be. Volume spike most interesting. Volume preceeds price.

[paleje] 06/11/2014 07:43

Speculation that yesterday's republican victory will lead to more pipelines and big pressure to free up O&G export restrictions.

[p1nkfish] 05/11/2014 23:04

Any one or more of the below may have jumped ship today and transferred to a group prepared to hold for the medium term.

May be an old list.

M & G Investment Management - 5,465,000 9.27
Ruffer Investment Mangmt Ltd - 5,205,688 8.83
Soros Fund Management LLC - 4,825,000 8.18
Morgan Stanley Group Inc - 3,925,000 6.66
Hargreave Hale Ltd - 3,445,688 5.84
City Financial Corporation - 3,130,341 5.31
Schroders PLC - 3,070,767 5.21
Threadneedle Investment Management Ltd - 2,508,318 4.25
Insight Asset Management - 2,505,000 4.25
Hark PTC Ltd - 1,828,886 3.10

[p1nkfish] 05/11/2014 22:59

something like 10% of outstanding shares traded today. Some shuffling form old holder to new. Might this be the turning point?

[paleje] 05/11/2014 09:56

Halliburton CEO Expects Shale to Reverse Oil Price Slump

[paleje] 29/10/2014 23:17

P1nkfish, I agree with your comments post 351, about increasing efficiency and lowering production costs, it's happening. Saudis are playing a dangerous game, they can't rely on China either, China has started buying from Latin America and want to develop their own shale potential too. While the price game plays out, drilling continues and increases.

Plexus Holdings has issued good numbers and management remain bullish, their view being the lull is temporary, demand will continue to increase and support services with it:-

By Harriet Mann | Wed, 29th October 2014 - 14:08
Plexus profits surge creates excitementPlexus Holdings' (POS) "David and Goliath" story continued mid-week, as record full-year results continued to rejuvenate the share price of the oil and gas engineering services firm. Though the sector has struggled of late, hit by a plummeting oil price, finance director Graham Stevens is upbeat and focused on the long-term.
The group rents and sells its POS-GRIP friction-grip exploration wellhead equipment for high-pressure/high temperature wells all around the world, including to big names like BG (BG.), Statoil (STO) and Tullow Oil (TLW). A new subsea wellhead design, which is a joint industry project and is expected to have a prototype planned for 2015, made significant progress during the period.

Revenue hit £27 million, up 6% on last year, which Stevens describes as a "tale of two halves". UK income was flat, but leapt by 17% in the Rest of the World.

"That is of no surprise to anybody because we know that the North Sea has not been particularly active over the last few years, and that is a source of concern for the industry," said Stevens. He looks forward to the release of the government's Fiscal Review at the end of the year, which should introduce tax breaks to boost North Sea exploration, which will benefit Plexus.

But the company is pressing ahead with expansion elsewhere, including plans to build an Asian business hub.

Cash profit in the year to 30 June rose by nearly 20% to £9 million, with pre-tax profit jumping by a quarter to £5.4 million, giving earnings per share (EPS) of just over 6p. With post-tax profit up by 65% to £5 million, Plexus is benefitting from tax breaks due to research and development and Patent Box tax regime.

Of course, with oil prices at a two-year low, investors are concerned about the impact on oil services providers. While Stevens doesn't play down the risk, he notes that there are both short-term and long-term effects, and he has his eyes kept firmly on events further ahead.

"Yes there might be some areas of activity - which we are not actually in - that could be hit, then there could be a general hit - some of those factors could be Ebola, general worry about Chinese demand, slowing down in Europe. But one thing is for sure, general demand for conventional oil and gas is not going to go anywhere soon. With the rising population becoming more industrialised, demand is going to remain. So what is more interesting is not what is going to happen to demand, but with supply."

"None of us have a crystal ball, but we can look at the macro events and there are always going to be bumps along the road... but over the long term the demand for oil and gas is going to continue to increase," he added.

Echoing this sentiment, stockbroker Numis downgraded its near-term valuation of Plexus to an EV/EBITDA multiple of 8.7 times for 2015, in line with the sector. Its sum-of-the-parts valuation falls to 350p per share from 372p, still 38% above the current share price of 254p.

This article is for information and discussion purposes only and does not form a recommendation to invest or otherwise. The value of an investment may fall. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.

[p1nkfish] 28/10/2014 12:13

Worth a listen to get a background on others take on the market to date - Haliburton - accelerating in all geographies and no sign of slowing "anytime soon".


hxxp://ir.halliburton.com/phoenix.zhtml?c=67605&p=irol-EventDetails&EventId=5166497

[p1nkfish] 28/10/2014 12:13

Worth a listen to get a background on others take on the market to date - Haliburton - accelerating in all geographies and no sign of slowing "anytime soon".


hxxp://ir.halliburton.com/phoenix.zhtml?c=67605&p=irol-EventDetails&EventId=5166497