This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Enterprise Revenues And Growth Outlook Thrust Ahead

CALGARY, Alberta, April 25, 2014 (GLOBE NEWSWIRE) -- According to Rich Coleman, BC's Minister of Natural Gas Development and Responsible for Housing, there seems little to stop the surging LNG train in Northern BC from leaving the station and continuing to gain speed, pretty much forever:

"The scope and size and scale is staggering," said Coleman in the Prince George Citizen, "even if only some of the proposals come to fruition. It is not impossible," he said, "for all 11 of the front-running projects to pump significant investment into northern economies, even if they don't all build their entire blueprint. He said, "the gas industry currently contributes about $600 million per year to provincial coffers and that would multiply by about five times, should the thrust of the expected industry come to pass."

Now it just has to all get built. And while the constituents hash out the details, the infrastructure is beginning and will be built and built and built, whether drilling services, camps, pipelines or ports. Infrastructure waits for no one.

"The issue for exploration and production companies is identifying a top quality infrastructure supplier that is able to coordinate all services with one phone call," stated Desmond O'Kell, SVP and Director of conglomerate Enterprise Group (TSX:E), a diversified construction, utilities and oilfield services company. O'Kell continues: "Global companies such as Shell and Encana demand the kind of established and experienced operation that not only knows the space, but can deliver a cost-effective end to end solution rather than bolting infrastructure assets together using disparate sources."

When just about every company on the planet is scrambling to secure even modest financing, Enterprise recently closed a $27.6 million bought deal. While that is impressive enough, the backstory should be of even more interest to investors. Originally, the deal was floated at around $12 million. It was over subscribed by a factor of five, to $63 million. The company settled on a close of $27.6 million: Couple that with the fact that the Company reported FY 2013 revenues of $34.8 million, 88% higher than full year 2012, and the story becomes extremely compelling. That figure resulted in a doubling of eps over 2012 to $0.08 cents a share.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs