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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: 14.5 GBX

AIM:NTQ
Market: AIM
Market Cap: £9.78 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...

on 30/9/20

2 min read