Enteq Technologies Share Discussion Threads

[1gw] 07/4/2017 09:51

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.

[1gw] 06/4/2017 15:17

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.

[1gw] 05/4/2017 16:33

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).

[gingerplant] 17/3/2017 14:58

I wonder if there's a bid brewing - could be two in one day with PMR, which would be nice.

[escapetohome] 17/3/2017 14:43

Good ol yasx hit the button on this one
Excellent

[cheshire man] 17/3/2017 14:31

Lovely looking three year chart if it plays out :-) DYOR

[1gw] 17/3/2017 14:22

Another nice move. Certainly doesn't seem to take much volume to have an impact on price.

[rivaldo] 17/3/2017 10:49

Moving up again - the m/cap is even above the £12.5m or so cash pile now :o))

[cjohn] 16/3/2017 10:25

Yes, already nearly doubled since I bought in and still looking cheap on asset grounds.

Director buying is encouraging.

[escapetohome] 15/3/2017 08:20

Nice very very nice indeed!

[rivaldo] 15/3/2017 08:20

Moving nicely now. The maximum I can buy online is 15k, so not much stock available - any buying interest could bring further interesting moves.

[cheshire man] 14/3/2017 16:10

Brought a few buyers in :-)

[1gw] 14/3/2017 11:59

I agree it's encouraging. Nice to see signs of life from the company and good to see the directors prepared to soak up shares if that is what they were doing.

[rivaldo] 14/3/2017 11:52

It's not often a large-ish line of stock becomes available in NTQ, so presumably the brokers got on to the company to see if they wanted them and the directors snapped them up 50/50.

Encouraging stuff with a year end update due in a month or so's time.

[1gw] 14/3/2017 11:23

Curious that they bought exactly the same number of shares each and that they bought at the low point of the spread.
Curious also that there was another transaction yesterday, also at 19p, for the combined volume.

Looks like someone wanted to sell and the 2 directors agreed to take 50% each?

[rivaldo] 14/3/2017 11:16

RNS just out - the CEO and an NED have bought £80,000 of shares between them at 19p....



I get the feeling things are on the up here, especially given the large upturn in shale oil production in the USA.

[paul the octopus] 09/3/2017 10:54

needs a bit of pull back to attract bees to produce honey, 12-15p anyone?

[rivaldo] 08/3/2017 13:33

Good to see NTQ are out there selling - this is the first such exhibition news for 2 years:



"Come and see us at MEOS 2017
March 02 2017

Enteq will be exhibiting at MEOS in Bahrain from the 7th to 9th of March 2017. We will be exhibiting with our Saudi Arabian partners NBC in Hall 1 on booth 34. Please come over and meet the team"

[1gw] 01/3/2017 14:59

And another interesting slide from the XOM presentation - number 29.

This shows:

Well inventory with > 10% return:

$40/B or $2/KCF: 6,300 Liquids + 1,100 Gas
$60/B or $3/KCF: 10,700 Liquids, 13,600 Gas

If I interpret that correctly, that's a huge number of additional wells that are "economic" at the higher prices, especially on the gas side.

[1gw] 01/3/2017 14:54

Exxon Mobil having an analyst day today.

In the presentation materials they show $22bn "flexible" capex planned in 2017 and $70bn-$80bn over 2018-20 compared to the managed 2016 total of $19bn.

Permian and Bakken are identified in their list of "short-cycle" upstream projects which look to be about 1/3 of their upstream total in 2017 and over 1/2 in 2018-20. [see slides 19 and 20 of their presentation]

Jim Cramer on CNBC commented on this as bullish for Permian oil companies as it signals a more bullish investment outlook than previously expected.

Hopefully NTQ will ride the wave...

[1gw] 28/2/2017 11:29

Oh well, if the price is going to move up on light volume I suppose it's not unreasonable for it to move down on light volume as well.

[1gw] 22/2/2017 08:02

Weir and Petrofac both sounding relatively upbeat in their results this morning. Weir in particular commenting:
"North American markets improving" and "Sequential improvement in orders since Q3, returning to breakeven in Q4"

So hopefully Enteq will be seeing the same trends.

[rivaldo] 20/2/2017 08:44

Looks like 23k of buys late on Friday afternoon, with presumably no stock around. A couple of small sells today have been easily absorbed, so I'd guess there's still demand for more shares out there.