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Enteq Upstream PLC: Analyst highlights strength of balance sheet

Proactive Research analyst Ed Stacey says the strong net cash position on Enteq Upstream’s (LON:NTQ) balance sheet (US$10mln) is an important element of the investment proposition. He believe that with its reduced cost base, the company will be able to trade through a very depressed revenue environment in 2020 (and 2021 if necessary) without needing to access fresh capital.

Click here to read Ed Stacey's research upldate on Enteq Upstream - strong balance sheet maintained

Quick facts: Enteq Upstream PLC

Price: 14 GBX

AIM:NTQ
Market: AIM
Market Cap: £9.44 m
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Enteq Upstream reports 'strong overseas numbers' set to drive future revenues'

Proactive Analyst Ed Stacey talks to Katie Pilbeam about Enteq Upstream PLC (LON:NTQ) after recently releasing its annual general meeting. The company confirms that revenue and underlying earnings (EBITDA) for the six months (H1) ending September 30 will be in line with previous management...

3 weeks, 4 days ago

2 min read