Share Name Share Symbol Market Type Share ISIN Share Description
Enteq Upstream Plc LSE:NTQ London Ordinary Share GB00B41Q8Q68 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 17.50 17,066 08:00:16
Bid Price Offer Price High Price Low Price Open Price
17.00 18.00 17.85 17.50 17.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.79 -6.32 -9.75 12
Last Trade Time Trade Type Trade Size Trade Price Currency
16:09:06 O 5,500 17.99 GBX

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Date Time Title Posts
22/6/202114:52Enteq Upstream plc1,351
15/9/201507:14*** Enteq Upstream ***2

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Enteq Upstream (NTQ) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-23 15:09:0817.995,500989.45O
2021-06-23 13:03:2318.006,0001,080.00O
2021-06-23 11:24:1218.002,166389.88O
2021-06-23 11:08:3317.4040069.60O
2021-06-23 07:00:2517.303,000519.00O
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Enteq Upstream (NTQ) Top Chat Posts

Enteq Upstream Daily Update: Enteq Upstream Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker NTQ. The last closing price for Enteq Upstream was 17.50p.
Enteq Upstream Plc has a 4 week average price of 16.50p and a 12 week average price of 16.15p.
The 1 year high share price is 18.10p while the 1 year low share price is currently 11.50p.
There are currently 67,601,235 shares in issue and the average daily traded volume is 29,052 shares. The market capitalisation of Enteq Upstream Plc is £11,830,216.13.
p1nkfish: From where I sit I think some will be surprised where NTQ can get to by end of 2022. O&G investment is down but demand won't be for quite a while as the electric future is not close enough and will depend on O&G to help roll it out. ESG is all well and good but will have consequences. We could be heading for much higher O&G prices because of lack of investment and that could limit the global recovery - a bit like the 70's - even though we are less dependent on oil than 50 years ago. ESG is all well and good but will have consequences. NTQ is waiting & preparing to benefit from any scramble to ramp up supply. Dyor etc. I'm often wrong.
p1nkfish: Heading to $80 over time. If it gets over $100 on recovery from the past year watch inflation really fly. NTQ could be one of the few beneficiaries.
1gw: Oh well! I've bought some more just now at 16.5p, given the dip. Higher price than the ones I sold in November, but the oil price and US rig count have recovered a lot since then.
rivaldo: Yep, great to see a $1.1m contract arrive from an unexpected source. As 1gw says, prospects in the US had seemed pretty poor. If NTQ can combine: - increased international sales - a revived US market - and Sabre revenues then things could get quite tasty: Https://
p1nkfish: Watch it move when Sabre revenue arrives late 2021, early 2022. The idea oil won't respond to the world re-opening, along with the majors reducing investment, is nonsense. NTQ will see product demand and the coiled spring will respond. Oil patch jobs in US have been suffering, US will need oil, and there's a 2022 election where the Dems are likely to get a pasting. Those jobs pay well and US being handicapped. Just mho, dyor etc.
rivaldo: I'm really pleased to see Finncap appointed as broker and NOMAD. Now we should (1) see more active promotion of NTQ in general and (2) wider dissemination of research material via Research Tree etc. So NTQ's main PI audience will actally get the chance to find out more about the company at a time when its prospects are looking up nicely: Https://
1gw: It has potential to do a lot better than that, I think. But it is always vulnerable to the oil price hitting an air pocket which destroys demand for NTQ's services for a while. The cash balance has allowed it to see out a couple of severe downturns and that's what makes it such an interesting option-like investment in my view. Perhaps the ideal scenario now is expansion of its market (into rotary steering) followed by a long-enough period of stable to rising oil prices to allow it to build up a good base level of sales and profits. Ultimate destination is still quite likely to be sale to a bigger services company I think, but NTQ will want to go out on a high (high sales, high and growing profits), not in distress (sales down, cash balance running out). I've been invested here since March 2014, so definitely patient.
rivaldo: Good to see the American market picking up at last. I also note that further sales have been made into the geothermal sector - which interestingly is now described as "a key market for Enteq". NTQ could at some point be in a sweet spot given: - $8.1m net cash against a £12m m/cap - potentially combining rising ROW sales with a revived American market - increasing geothermal sector sales - and in particular, if the "gamechanger" SABER tool picks up traction - note that the "recent product launch resulted in a significant level of enquiries for further technical information".
1gw: No apparent interest in NTQ trading before 11am despite the oil price spike, then a whole lot of trades put through in 2 or 3 minutes. [Edit: although from the London South East listing it looks like quite a few of the trades shown on advfn are actually deletions from an earlier day.] On a 5-year WTI chart, current price looks pretty good. hTtps://
rivaldo: And here is that news re the RSS project - great to see it progress smoothly into next stage field trials. As the CEO says, a "game changer" for NTQ no less..... Https:// "Launch of a new Directional Drilling System - the SABER Tool Enteq, the energy technology company, is pleased to announce the launch of its disruptive alternative to traditional rotary steerable systems (RSS) ; the SABER Tool (Steer-At-Bit Enteq Rotary Tool). The SABER tool, an evolution of the concept proven and tested by Shell and then licensed to Enteq, is now ready for next stage field trials. The SABER tool uses internally directed pressure differentials to steer from the drill bit face, delivering true "at-bit" geosteering. This mechanically simple design also removes the need for traditional pistons and pads that are susceptible to reliability issues - an approach which can create a smoother and more precise wellbore with easy to manage directional control. SABER will offer a robust, reliable, simple and cost effective directional drilling alternative to current RSS options. Enteq licensed the designs and intellectual property from Shell in September 2019, following successful initial trials, before assembling a technical team with more than 150 years combined RSS and directional drilling design experience, mostly based in the UK. The global RSS market is estimated at $1.8 bn for 2021 and the initial version of the SABER tool will be able to compete in approximately 40% of this market. Source: The Insight Partners Analysis. Further information can be obtained from Andrew Law, Enteq's Commercial Director, commented: "Enteq's independent status, established engineering expertise and history as a trusted company with reliable downhole products, make us the ideal candidate to enter and disrupt the RSS space. With our expert engineering team and access to market, I am confident that the SABER Tool will be a great success." Martin Perry, Enteq's CEO, commented: " The directional drilling market today is dominated by RSS designs supplied by a small group of companies which have been largely unchallenged. However, efficiency of directional drilling is becoming increasingly imperative. It is essential to control costs, minimise downtime and maximise reliability and drilling speeds in order to remain competitive and reduce the impact of drilling. The SABER tool will prove to be a more accurate, agile and cost-effective alternative to existing RSS offerings. This product introduction should be a game changer for Enteq in terms of the market size which will be addressed and through the disruptive nature of the technology."
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