09 April 2020

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

Original Article