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% 16.50 600,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
16.00 17.00 16.50 16.50 16.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.79 -6.32 -9.75 11
Last Trade Time Trade Type Trade Size Trade Price Currency
16:10:58 O 22,500 16.85 GBX

Enteq Upstream (NTQ) Latest News

More Enteq Upstream News
Enteq Upstream Investors    Enteq Upstream Takeover Rumours

Enteq Upstream (NTQ) Discussions and Chat

Enteq Upstream Forums and Chat

Date Time Title Posts
07/3/202121:59Enteq Upstream plc1,301
15/9/201506:14*** Enteq Upstream ***2

Add a New Thread

Enteq Upstream (NTQ) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Enteq Upstream trades in real-time

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 16.50p.
Enteq Upstream Plc has a 4 week average price of 14.50p and a 12 week average price of 14.10p.
The 1 year high share price is 20p while the 1 year low share price is currently 10.25p.
There are currently 67,601,235 shares in issue and the average daily traded volume is 235,719 shares. The market capitalisation of Enteq Upstream Plc is £11,154,203.78.
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://
1gw: Bloomberg reporting this morning that Goldman Sachs have moved up their (Brent) oil price forecast to $75/bbl in 2Q and $80/bbl in 3Q following the OPEC+ meeting. CNBC had an analyst on suggesting the forward curve was strong enough for US shale producers to lock in profitable prices, so enabling them to commit to drilling with low pricing risk.
rivaldo: NTQ have put today's news on their web site, with a couple of interesting little additions.... Https:// Firstly, "Enteq expects the SABER Tool to be commercial during 2021" And a further quote from the new Product Director: "For directional drilling, it’s like what Dyson did for the vacuum cleaner, or the step change from tricone to PDC drill bits.” I see Octopus have been selling some - hopefully Miton are continuing to take up the slack.
p1nkfish: You don't put WILL PROVE in an RNS unless you can prove it. Encumbents will have worthy, aggressive, hungry competition. My money is on NTQ. Put my money where my mouth is, own quite a few.
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."
p1nkfish: Heading to 65 in all likelihood. Can't be too long before NTQ new product release and associated press and billings. What about software? Anything there for control and data logging.
rivaldo: A powerful appointment, and some exciting comments as below. Are there any oilies here who have any idea on what these things might sell for and the potential market size if NTQ even gain a 1%-2% foothold? "Neil commenting on his appointment, said: "When I first began talking to Enteq about this role, I was sceptical. Here was a company not currently active in the RSS market, and with a concept that takes a fundamentally different approach to traditional RSS and directional drilling tools. However, on closer examination, it became clear this is an incredibly exciting project to be part of. "Not only was I convinced by the management team that this was a company with ambition and momentum, I was also encouraged by Enteq's operational and engineering track record for downhole solutions, and reputation as a trusted independent supplier. What's more, looking at the concept in detail, it was clear that every technology in here is field-proven. It simply took that stroke of inspiration to combine it for a new, elegant alternative to existing RSS design. I've been in this industry a long time now, and it's rare to see such effective innovation."
1gw: Another decent presentation today I thought, this time with Andrew Law playing a major role alongside Martin Perry, and David Steel chipping in on the numbers. Interesting to hear their take on share price/valuation and good to hear Andrew & David talking about the reasons for their own recent purchases. Still all to play for.
rivaldo: Miton increased again, and now have over 6% with 4.1m shares: Https:// The directors have also now bought 664,000 shares since the interims. And the oil price is rising in (early!) anticipation of the global economy restarting given the successes in vaccines. Hopefully a baseline has now been established here. NTQ will undoubtedly be trading steadily at best for a little while, but not far off the entire m/cap is backed by the well-managed cash pile, and the IP and tech is in for free. The large potential upside remains in place.
rivaldo: The results are as already signalled, with $3.1m EBITDA, up from $2.5m EBITDA last year. NTQ have $10.2m net cash, against the £9.3m m/cap. The amount of non-US revenues has ballooned from $1m up to $3.2m and gives NTQ greater variety of customer protection than before. They've taken the opportunity to kitchen sink everything in one hit of write-offs, which should leave a clean Balance Sheet going forward. NTQ have the advantage of having extremely capable management who've been through all this before. They've already successfully navigated previous oil price collapses and preserved (and from memory actually increased!) the cash pile through it. Judging by the extensive job and wage cuts already implemented in March they'll likely be able to do the same this time. The current environment is obviously incredibly difficult. If the share price slips back again around the lows then I will probably pick up more ready for the inevitable upturn at some point, or progress on the Shell license agreement.
Enteq Upstream share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Enteq Upst..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210308 00:34:38