Contrariwise
21 May 2018
Re: Up 5% today Sorry, meant the bid price. Old age.
Contrariwise
21 May 2018
Re: Up 5% today Nice headline moves, but the reality is that the offer price has not moved up much. Instead the spread has widened. Bid/Offer spread is a ludicrous 10%. The market is slowly waking up to the fact that oil supply is increasing dependent on Shale Oil which has very high decline rates. That means that the industry is going to do a lot of drilling to supply this market. Buy companies that service the drilling industry like NTQ, HTG and WEIR.
gretel
21 May 2018
Up 5% today Back in 2012 this was at 120p. If oil prices remain stable at these levels and fracking in the USA continues to prove resilient then perhaps NTQ can attain those levels again.
gretel
17 May 2018
RNS: Canaccord buying and above 10% now Canaccord have gone above 10% with 6.4m shares. No wonder stock is hard to find with both Canaccord and Patrick Evershed buying so heavily:[link]
gretel
16 May 2018
RNS: Patrick Evershed buys 5%..... Nice - RNS just out indicates THE Patrick Evershed has now bought 5% of NTQ (on behalf of "multiple clients"
, with 3.12m shares:[link] bit of a "wow" moment for little ol' NTQ. This should bring in some decent interest.
gretel
13 May 2018
Big overhang now cleared? Hawkwood had 2.675m shares on the 8th May. Since then it must be them who've sold the 1.4m and 0.5m, plus presumably others. I'd assume they're nearly or completely out now.There could be a big jump here once stock becomes hard to find.
Contrariwise
18 Apr 2018
Re: Agreed. Plenty more upside. This is just the start. I hope that we get a bit more active trading as the price rises that will reduce the obscene bid/offer spread.
gretel
18 Apr 2018
"Significantly ahead" of expectations..... Wonderful stuff - loads of upside here given the cash pile now up to $15.5m....[link] 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."
Contrariwise
21 Feb 2018
Dirt cheap. NTQ valued at only $7.6m EV According to Stockopedia Enteq Upstream has a market cap of only £16.5m ($22.9m). According to the last set of interim results it had cash of $15.3m, so the market is only valuing the company at $7.6m. Sales increased to $2.5m in the last 6 months, with a gross margin of 70%. What's not to love? Rig count rising relentlessly. The only question is can you get hold of the stock in the market. Bid/offer spread is a ludicrous 10%+
gretel
23 Jan 2018
"Shale boom" per Halliburton Looking good:[link] Oilfield services chief is gushing about shale boomThe 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."
gretel
10 Jan 2018
RNS: acquisition of new family of patents RNS just out is for the acquisition of new IP - for just £100 upfront 
))Good move, with from the sound of it royalties payable in the event of successful commercialisation:[link] the oilfield services technology and equipment supplier, announces an agreement to acquire intellectual property relating to an innovative drilling telemetry system for a nominal upfront consideration of £100. On 9 January 2018, Enteq entered into an agreement to acquire, from a technology developer with a proven track record, five patents relating to the "DrillLink" system; a broadband data transfer solution for communication between "down hole" Logging While Drilling tools and the surface. Enteq envisages developing these patents into a fully commercialised set of products during the next five years, which would be subject to royalty payments. The technology contained within these products will give Enteq access to a new and broader customer base.Martin Perry, CEO of Enteq Upstream plc, commented:"The acquisition of these patents continues Enteq's drive to develop new technologies that extend the applications for our product lines. Following further development the technology contained within these patents will offer the market significant cost savings through improved speed of data transfer."
gretel
10 Jan 2018
Moving up - new recent highs Good to see a 1p move up on just a £4k buy at 25p. I'm surprised it's taken this long with Brent at around $68 or so and the boom in shale output.
gretel
08 Dec 2017
RNS : new S0.5m contract win Great to see - time for a big-re-rating here given the £12m cash pile almost equating to the entire £13.9m m/cap:[link] awardEnteq, the oilfield services technology and equipment supplier, announces a contract from a new international customer. On 7 December 2017, Enteq received confirmation and a cash deposit relating to an initial contract valued at $0.5m for operations in Indonesia. This is the first order Enteq has won in this territory. The contract is for using Enteq's core MWD ("measurement whilst drilling" technology in a geothermal application. The order will be delivered to the customer early in 2018. Martin Perry, CEO of Enteq Upstream plc, commented: "Enteq continues to develop new territories and applications for our equipment. This contract award represents the ongoing efforts to broaden the company's market presence."
gretel
22 Nov 2017
Lots of news Things must be looking up - NTQ have issued a November newsletter, with some interesting snippets including just a selection here....[link] increase in North American activity and international opportunities has necessitated the expansion of our global support team.....""Near Bit Inclination and Azimuthal Gamma.Enteq has partnered with Houston based Well Resolution Technology to give Enteq access to unique directional drilling technologies such as the WRT Near Bit Inclination and Azimuthal Gamma Ray tool......""Engineering CollaborationEnteq has been awarded a prestigious grant for a joint project with Imperial College, London, and the Chinese University of Petroleum, Beijing.....""MFPWR Resistivity Tool Production models of the RMS Multifrequency Resistivity Tools have now been running for over 6 months in the field with results judged to be fully comparable to those of a major international service company. Inventory levels of all sizes, including a slim 3.5” version, are being increased to meet market demand...."
gretel
15 Nov 2017
Good interim results today Excellent stuff - NTQ has reached a turning point methinks.NTQ has traded at basically break-even for H1, and it has almost £12m net cash against a £14m m/cap, along with $1.2m surplus receivables over payables, $3.1m of PPE and $3.3m of inventories.And the outlook is the rosiest for some time:[link] Perry, CEO of Enteq Upstream plc, commented:"Enteq has weathered the storm of severely reduced drilling activity globally over the last two years and is now entering a more stable market with a low-cost base, preserved cash balances and a strong technology platform from which to build. Uncertainty does remain and caution will continue to be exercised. However, Enteq has a solid customer base, a proven technology platform and a strong balance sheet, all of which will enable Enteq to take maximum advantage of future growth opportunities. "
