Enteq Technologies Share Discussion Threads

[1gw] 27/4/2022 17:50

Thanks for that hastings.

I was pleased to read that they have customer demand to be field test partners - one of my concerns was that with the high price of oil & gas, customers might not want to take any risks (of delay) with new technology and so it might take some time to get sufficient field trials completed to allow a full commercial launch.

One thing that surprises me is the comment that field trials take a week or less. I assumed for the live directional drilling trial they would be drilling the whole directional section of a well, but perhaps they just swap the tool in to drill a small section (or perhaps they're doing the trials on wells with short directional sections).

It still feels a bit slower than I expected, and I hope we don't have to wait until the finals in July for a further (formal) update on SABER from the company. It will be very nice to get guidance beyond the current financial year though, so looking forward to that from finnCap.

[hastings] 27/4/2022 15:18

Write up for interest. Https://martinflitton1.wixsite.com/privatepunter/post/enteq-getting-set-for-saber-27-04-22

[rivaldo] 27/4/2022 10:33

Cheers - just shows the upside given (1) the oil and gas markets are recovering quickly and (2) SABER could be a gamechanger for the industry and will be commercialised this year.

And delivered by management who've delivered in spades for shareholders previously with SDX.

[buywell3] 26/4/2022 23:18

free stock charts from uk.advfn.com



free stock charts from uk.advfn.com

[p1nkfish] 26/4/2022 22:52

Well worth a listen. Undercurrents are positive for NTQ if US gets its act together.

[mjneish] 26/4/2022 11:49

Looking forward to it. :)

[hastings] 25/4/2022 15:40

Enjoyed a very good and worthwhile catch up with the CEO and CFO earlier today.I'll add a write up later in the week for interest.

[rivaldo] 24/4/2022 07:37

This week's US rig count shows it continuing to inch higher, by another two to 695 - the highest since April '20.



"Drilling has picked up substantially since the Russia invasion, adding 45 rigs in the last eight weeks."

[p1nkfish] 22/4/2022 13:15

From richie07 fom PFC thread - "More positive industry news. Schlumberger profit and revenue beat expectations. “As demand continues to strengthen [...], the duration and scale of this upcycle may potentially prove higher than originally anticipated""

[hastings] 21/4/2022 15:17

Just want to flag further to my last post, I'm speaking with them next Monday, so hopefully add my write up on the Tuesday.

[eezymunny] 20/4/2022 16:43

Is it 9 years you´ve held these Riv?
9 years of rampy nonsense and down 60%, or whatever?

Which point am I missing?

[rivaldo] 20/4/2022 07:12

Good coverage of the recent director buying:



"Enteq Technologies (AIM: NTQ) CEO Andrew Law bought 142,000 of shares in the company at 14.75p each, paying £20,945. The acquisition gives Law a holding of 1,219,403 shares, representing 1.8% of its issued capital. On 3 March he bought 142,850 shares, the second tranche so far this year, and he has been a consistent buyer of company shares over the past couple of years. Enteq, an energy services technology supplier, on 31 March announced its 2021 earnings were in line with expectations, with revenues above expectations. Enteq is also benefiting from the increase in the benchmark WTI oil price per barrel, from $63 in April 2021 to $92 in March 2022."

[rivaldo] 19/4/2022 14:55

Today's buying has now lifted the buy price to 15p.

EezyMunny misses the point, whilst stating the bleedin' obvious :o))

You can lead a horse to water, but you can't make it drink.....

[eezymunny] 19/4/2022 14:28

All the shares traded since the beginning of time, in every market in the universe, have been a BUY AND a SELL. It´s similar to going to Tesco where a buyer buys a lettuce from the seller. I´m amazed anyone feels the need to spout all this "all buys" nonsense. I think it´s the most pathetic rampy nonsense.

Having said that it was all lettuce buying in Tesco today!

[rivaldo] 19/4/2022 10:22

All the 252,000 shares traded already today have been buys, including three 50k's and two 40k's. Hopefully the dam here is about to burst.

[1gw] 15/4/2022 10:33

Interesting read. The issue for Enteq, unfortunately, is that drilling is only part of the equation, and with natural gas projects you need the stars to align.

If we look at the US, the US has historically had "plenty" of gas, which is why the Henry Hub price has consistently been well below other international benchmarks and why over the last few years, LNG exports have finally taken off to try to capture the arbitrage to much higher-priced markets, such as the Far East. But even in the US you get areas which are short of gas. I don't know if it still happens this way, but in the past LNG cargoes would come in by ship to Boston in the North East and then the LNG would be put into trucks to distribute to end-use customers. Major pipeline projects, for gas or oil, are notoriously difficult in North America and without pipelines it doesn't really help having lots of supply in the South West if the demand is in the North East. And even once you've got the major trunklines built, you still need to build the local infrastructure to get it to houses and businesses.

But in the US the "taboo" on exporting significant quantities of gas has been broken, and an impressive number of liquefaction/export terminals have been built and started operating in the last few years, with more coming onstream. These projects are expensive and tend to need underpinning with a baseload of long-term (LNG purchase) contracts which allow the project to be financed. This can get very political, since until recently China was one of the major potential buyers and the perceived source of a lot of the incremental global demand for gas.

A particular problem for long-term gas projects has been the tendency for prices to collapse after brief spikes. In the US in particular, I think many industry players (and their bankers) are reluctant to base final investment decisions on an assumption that HH prices will remain "elevated" for any length of time.

So the emergence of new long-term LNG demand from Europe could be a real game-changer for further US liquefaction projects, which in turn will provide a home for further US production (and therefore encourage further drilling). Politically more acceptable (at times) than relying on Chinese buyers, it also offers something other than HH-linked pricing. That demand still requires the construction of (expensive) European regas terminals and associated infrastructure to connect with or expand the existing distribution network. In the past this has been a problem because of two main reasons: navigating the planning approval nightmare (Italy is a good case study here as various sponsors tried to get regas projects off the ground following the opening up of the energy market there around 2000); and economics. This second point has historically been a problem because of the vast amounts of relatively low cost-of-supply pipeline gas coming into southern Europe from Algeria and Russia, and to a lesser extent Norwegian pipeline gas coming into the north. In a price war, which was always a risk with relatively low overall European gas demand growth, LNG projects would always feel they wouldn't be able to compete against pipeline suppliers. But with political will to overcome local planning roadblocks, and economic necessity due to the (expected) loss of Russian pipeline supply, the stars might finally be aligning here.

It's not going to be quick given the need for new or expanded liquefaction projects in the US and new regas projects in Europe. But it does look like it might happen. I continue to be surprised by how little the US gas rig count has moved so far in response to the rise in HH (forward curve currently above $7/mmbtu all the way through the summer out to Feb'23). This rise does itself perhaps raise questions about the adequacy of US supply (net of committed LNG exports) for domestic demand and what would happen to (politically sensitive) US gas and power prices were the administration to sanction the building of further export projects. I continue to hope that we will soon reach a tipping point where, if not "drill, baby, drill," we at least start to see much stronger growth in gas-focused US drilling.

[p1nkfish] 14/4/2022 21:17

A good article, and a good read and think leads to the conclusion more drilling probably needed.

[1gw] 14/4/2022 18:03

Oh well. 15p bid didn't last long.

Still, positives in the insider buying and the increasing rig count - at 693 (+4) it didn't quite make it to 700 for Easter.

[mr doughnut1] 14/4/2022 17:33

This may seem like stating the bleeding obvious, but I don't think AL would have continued buying unless Saber was progressing as expected.It would be a further vote of confidence if Neil Hartley, NED, added to his holding. Currently 46,170 shares.

[hastings] 14/4/2022 13:58

Further to my previous post regarding speaking with the CEO. It was put back to next week at their request, so still happening!

[rivaldo] 14/4/2022 13:33

The CEO's been buying again - this time another £21,000's worth of shares at 14.75p:



Following the positive trading statement, the prelims aren't until 6th July. So the CEO is either reacting to one or both of the improving oil & gas environment and the likelihood of further SABER news flow soon.

[1gw] 14/4/2022 13:07

15p bid and 15.4p paid. About time.

[1gw] 11/4/2022 18:40

700 in sight...

689 (+16) on Friday.

[1gw] 11/4/2022 15:53

Yes, a bit odd that. For most of the day I seem to have been able to buy (dummy trade) at 14.5p, and now it's 14.75p for 50k (despite the 14p-15.5p headline spread). So the 16p feels very out of the market - fat finger or are there some delayed trades (buy and then sell) to be declared?

[rivaldo] 11/4/2022 13:56

42,187 shares just reported bought at 16p - a full 1p above the 15p offer price. Very keen.