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Enteq upstream: Big opportunities, low valuation

Proactive analyst Ed Stacey talks to Katie Pilbeam about Enteq Upstream PLC (LON:NTQ) after recently releasing their interim results for the period ended 30 September.

Stacey explains that these were in line with the AGM statement which the company released in September. H1 revenues were US$2.6mln and the period-end net cash position was US$8.8mln.

Stacey believes that this cash position is sufficient for the company to trade through the current oil and gas industry slowdown and to continue financing new product developments.

Read Ed Stacey's latest research: Enteq Upstream: Big opportunities, low valuation

 

Quick facts: Enteq Upstream PLC

Price: 15 GBX

AIM:NTQ
Market: AIM
Market Cap: £10.12 m
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Enteq Upstream looks to China and Middle East for new growth opportunities

Enteq Upstream PLC's Martin Perry talks to Proactive London about the interim results for the six months ended 30 September 2020. He says that rather than the international business growing incrementally with North America - 'it's more of a replacement, with China looking particularly...

2 weeks, 6 days ago

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