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.
Enteq Upstream PLC: Analyst highlights strength of balance sheet
Quick facts: Enteq Upstream PLC
Price: 14 GBX
Market Cap: £9.44 m
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