Enteq Technologies Share Discussion Threads

[someuwin] 27/4/2018 08:32

Expecting this to go much higher by year end.

[rivaldo] 20/4/2018 14:29

I haven't seen anything recent - Finncap used to have a 51p target price, but that was some time ago.

I'd assume that analysts have been waiting for an update like the recent "siginificantly ahead" one on which they can hang their hat on new forecasts and targets. Hopefully we can now expect some action.

[113mike] 19/4/2018 21:18

Are there any broker notes/TPs for Enteq?

[cjohn] 18/4/2018 10:38

A stonking update!

Net cash up - at least in dollar terms , in spite of increased capex.

Still grossly under-valued at 30p

[rivaldo] 18/4/2018 07:19

Wonderful stuff - loads of upside here given the cash pile now up to $15.5m....



"Enteq, the oilfield services technology and equipment supplier, today announces an update for the financial year ended 31 March 2018.

The Board is pleased to report that both full year revenues and underlying EBITDA are expected to be significantly ahead of its expectations. The cash balance as of 31 March 2018 was $15.5m, up $0.2m compared to 31 March 2017.

Market conditions have stabilised during the year to 31 March 2018 with the number of drilling rigs operating in North America rising from approximately 840 at the start of April 2017 to the current level of approximately 1,000. The price of West Texas Intermediate oil has risen from around $49 per barrel at the start of the financial year to around $67 currently.

Enteq has continued to invest in its manufacturing capabilities, product development and increasing its rental fleet during the year.

Enteq has also continued to develop markets outside North America, including further operational success in Saudi Arabia and the fulfillment of the initial contract in Indonesia relating to geothermal drilling announced in December 2017.

Enteq has further improved operational efficiency and enhanced customer interaction through transferring electronic component manufacturing from leased premises in California to the Enteq's owned Houston facility.

In light of these improved market conditions, prudent management and Enteq's ongoing investments Enteq is well positioned to take advantage of potential opportunities.

The Company expects to report its full year results for the year ended 31 March 2018 on 13 June 2018."

[1gw] 18/4/2018 07:08

"Significantly ahead" you beauty.

Let's see if that can get the share price moving.

[cheshire man] 12/4/2018 09:29

TU on the 12th last year so keeping us waiting by the looks of it

[solooiler] 25/3/2018 10:45

Hmm, not sure what on earth this will be like. Relies a bit on large contracts.

[masurenguy] 25/3/2018 10:38

We should see a trading update over the next 2 or 3 weeks following the year end next Friday. Clearly developments following their Houston relocation should be significant.

[1gw] 22/3/2018 15:25

This is a frustrating share at times. Oil price (WTI) comfortably over $60/bbl, articles all over the place about growing US production and yet the share price can't seem to get near net asset value. IMO this should be a company valued as poised for significant growth, not a company valued on a going-out-of-business basis.

I suppose it doesn't help that a fund with "deep value" in the title has just sold down.

I can only assume that some would-be investors are sitting on their hands waiting for an April trading statement to see if the company really is sufficiently well-resourced to respond to the better oil price environment. Shouldn't be too long to wait now.

[robinskardon] 07/3/2018 16:15

I noticed in WEIR recent results that North American upstream orders increased by 82%. Could be a good omen for NTQ?

[rivaldo] 06/3/2018 13:26

520,000 shares bought today at 24.5p. Given NTQ's £14.8m m/cap there's either a seller providing stock or the price is likely to rise sharply.

[brugen] 06/3/2018 08:18

Interesting article in the FT on shale economics and productivity.(No paywall) Huge increase in oil pumped per rig over the last six years.

Is this good for Enquest as each rig needs greater technological investment or bad as productivity improvements put a lid on total rig count? Wish I knew.

The graph showing rig productivity over the last 10 years alone makes the article worth looking at.

[masurenguy] 06/3/2018 07:59

Crunch is looming’ for oil supplies
The world could suffer an oil supply crunch by 2023, raising the risk of price spikes, because investment in exploration remains stubbornly low, experts have warned. Rising oil production from the United States will meet most of growing demand over the next three years, but after that markets could start to get much tighter, according to the International Energy Agency.

In its annual oil market outlook, Fatih Birol, the agency’s executive director, said that investment in exploration and production still showed “little sign of recovering from its plunge in 2015-16”. He said that this “raises concerns about whether adequate supply will be available to offset natural field declines and meet robust demand growth after 2020”. Oil companies slashed their expenditure after crude prices plunged from highs of more than $100 a barrel in 2014 to less than $30 a barrel in 2016, putting strain on their finances. Although prices have since recovered to more than $60 a barrel, companies have remained cautious in their spending. “Investment was flat in 2017 and early data suggests only a modest rise in 2018” the IEA said. “This is potentially storing up trouble for the future.”

Exploration expenditure fell in 2017 for the third year running, to its lowest level since 2005, with discoveries at a record low of four billion barrels of oil, the agency said. Not only was less oil discovered overall but the discoveries typically were smaller individual fields that were less likely to be developed.

Complete article:

[shoee62] 16/2/2018 13:35

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

[masurenguy] 05/2/2018 07:43

Oil will top $80 within 6 months
Tsvetana Paraskova, OilPrice.com

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.

[1gw] 01/2/2018 15:00

Yay, upwards movement again in the mid-point.

[brugen] 01/2/2018 07:33

US shale update from FT. May be paywall

[masurenguy] 27/1/2018 13:40

The sector newsflow continues to be positive and this must be fuelling Enteq's order pipeline.

[rp19] 27/1/2018 11:43

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'.

[rivaldo] 23/1/2018 09:23

Looking good:



"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."

[rivaldo] 22/1/2018 14:55

Nice 50,000 buy at 27.4p - shouldn't take much to get this stock moving.

[cheshire man] 17/1/2018 09:02

Indeed rivaldo,,,,,bodes well for NTQ :-)

[rivaldo] 16/1/2018 13:12

Moving up again, and news stories every day in the press about increased oil exploration and expenditure given current Brent prices at around $70..