Enterprise Oilfield Group Inc. E.TO Archives

WednesdayFeb 25, 2009 8:48 am

Enterprise Oilfield Group Inc. (TSX: E) has Assembled a Knowledgeable Board of Advisors

Enterprise Oilfield Group receives advice from a Board of Advisors comprised of experienced individuals with expansive knowledge within the oil and gas industry. Strong leadership and wise guidance are two of the most important pillars of any business and Enterprise has done well to recognize and respond to that. Douglas Watt, Projects Manager of A.G. Grant Construction, has spent more than 35 years of his career in the pipeline construction industry. Holding a variety of positions, Mr. Watt has been employed by several major pipeline construction companies such as Banister, Marine, Majestic, and Bechtel. Mr. Watt was previously the Superintendent…

MondayFeb 23, 2009 5:27 am

Enterprise Oilfield Group Inc. (TSX: E): Alberta’s Growth in Population and Economy

Enterprise Oilfield Group Inc. is a pipeline construction and horizontal directional drilling company with a primary focus on Alberta, Canada’s oilfield and utility infrastructure markets. During 2002 – 2007, Alberta’s economy grew at an average of 4.7%, compared to an average growth rate of 2.7% in Canada. The consensus forecast is Alberta’s economy will continue to outperform the national average in 2008 and 2009, but not to the levels seen during 2004 –2006 associated with the energy boom. The current population in Alberta is estimated around 3.5 million, representing 10% of the population in Canada. During 2006 – 2011, the…

ThursdayFeb 19, 2009 8:31 am

Diversified Strategy Promises to Sustain Enterprise Oilfield Group Inc. (TSX: E) During Period of Low Oil Prices

By acquiring the well established TC Backhoe & Directional Drilling Inc., Enterprise Oilfield will be able to perform better than most oil field service companies that are less diversified. TC generates more than 75% of its revenues from infrastructure, and the rest from the energy service sector. The utility infrastructure & directional drilling business accounted for 39% of Enterprise’s revenues for the 9 months ended September 2008. Currently, services provided by this segment includes installation of underground power, telecommunications and natural gas lines for some large companies, such as Shaw Communications (NYSE: SJR) and Fortis Inc. (TSX: FTS). According to management, the bulk…

TuesdayFeb 17, 2009 6:08 am

Continued, Sustainable Demand for Enterprise Oilfield Group Inc.’s (TSX: E) Services

The EIA, a section of the U.S. Department of Energy, predicts world oil production will grow at 1.16% per annum, during the period 2005 –2030, compared to consumption growth of 1.19% during the same period. For natural gas, the supply is forecasted to be in deficit through 2030, which is a positive for the Canadian natural gas industry since the deficit is likely to result in increased demand for imports from Canada. Because the slowdown of the U.S. and global economies has substantially reduced demand for the near term, the Alberta provincial government introduced a new transitional rate for companies…

WednesdayFeb 11, 2009 6:26 am

Enterprise Oilfield Group Inc.’s (TSX: E) Small Diameter Pipeline Construction Services

Enterprise Oilfield provides pipeline construction services, in addition to its utility infrastructure and directional drilling business. The company primarily focuses on the construction of small to medium diameter pipeline on steel gathering systems up to 12” in diameter, and related oilfield maintenance services to the energy services industry. Services offered by Enterprise Oilfield include pipeline construction, repairs and maintenance, wellhead tie-ins, water injection lines, facilities construction and maintenance, oilfield hauling, CO2 injection, road & lease construction, site construction for drilling, and much more. According to the company, its major projects are weighted more in oil than in gas projects. E&P…

MondayFeb 09, 2009 7:48 am

Enterprise Oilfield Group, Inc. (TSX: E) is On the Right Track

Enterprise Oilfield Group Inc., a pipeline construction and horizontal directional drilling company, has focused their efforts on central and northern Alberta’s oilfield and utility infrastructure markets. The company's pipeline construction service focuses on small diameter pipeline construction, primarily on producing oil and gas fields. The utility infrastructure & directional drilling business reduces the company’s exposure to the oil and gas industry, and provides installation of underground power, telecommunications and natural gas lines to the utility infrastructure sector. Enterprise’s strategy is to acquire profitable businesses in Alberta, while consolidating its capital, management and human resources to support continued growth. This acquisition…

ThursdayFeb 05, 2009 6:08 am

Fundamental Research Issues “Buy” Rating for Enterprise Oilfield Group Inc. (TSX: E)

Recently, Fundamental Research announced that it has initiated coverage on Enterprise Oilfield Group Inc. (TSX: E) with a report entitled "Initiating Coverage - Small Diameter Pipeline Construction and Utility Infrastructure & Directional Drilling Company in Alberta.” The full report is now available on their website: www.researchfrc.com. In the 25 page report, the firm provides an overview of the company and its history, price forecasts for oil, analysis of Alberta and its economy, overview of management team, financial analysis, and a valuation of the company. Fundamental Research Analyst Brian Tang, CFA believes the company is a “Buy” with average risk. He…

MondayFeb 02, 2009 7:25 am

Enterprise Oilfield Group, Inc. (TSX: E): Are Oil Prices on the Verge of Rapid Recovery?

A sharp reduction in spending by oil producers points to a quick recovery for oil prices once the economic downturn begins to alleviate. Notably, cash-strapped producers have cut budgets faster and deeper than in past downturns. This lack of investment is already speeding up the rate of decline in older fields, and delaying the start of new production. Service companies, such as Enterprise Oilfield Group, see a possible repeat of the last four years. During this period, oil prices rose to record levels as demand grew faster than new supplies, an imbalance that some believe was caused by a lack…

WednesdayJan 28, 2009 7:59 am

Enterprise Oilfield Group, Inc. (TSX: E) Offers a Comprehensive Array of Services

With a fleet of over 260 trucks and heavy-duty units, Enterprise Oilfield Group is capable of building pipelines, facilities and installing underground utilities anywhere in Northern and Central Alberta. The company works with both the oil & gas and utility markets, with the majority of projects in pipeline construction and the minority in underground utility installation. Enterprise specializes in small to medium diameter pipeline construction and maintenance projects primarily on steel gathering system pipe under 12" in diameter. With pipeline construction operations based in Slave Lake, Peace River, and Wainwright, Alberta, the company offers: Pipeline construction, Pipeline repair and maintenance,…

MondayJan 26, 2009 6:24 am

A Look at Enterprise Oilfield Group Inc.’s (TSX: E) Successful History

Enterprise Oilfield Group is focused on utilizing a comprehensive business plan to acquire regionally independent pipeline construction and complimentary service companies operating in the Western Canadian Sedimentary Basin (WCSB). In Summer of 2005, the company acquired the highly successful A.G. Grant Construction located in Slave Lake, Alberta. AG is an established pipeline construction firm operating for more than 35 years. In April of 2006, Enterprise acquired Trevor King Oilfield Service located in Wainwright, Alberta. Maintaining a focus on pipeline construction, Trevor King Oilfield was founded in 1994. The company has experienced incredible growth over the past several years and has…

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