Enterprise Group Inc T.E

Alternate Symbol(s): ETOLF

Industrials Industrial Distribution

Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with systems and technologies that mitigate, reduce, or eliminate carbon dioxide (CO2) and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and infrastructure construction industries. It has fleet of wellsite modular/combo equipment, specialized heating units, tunnelling equipment, and other heavy equipment pieces. It offers specialized infrastructure services, such as coat curing, thermal pipe expansion, scaffolding and more. It provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and Industrial sectors, through its subsidiary, Evolution Power Projects, Inc. Its other subsidiaries include Westar Oilfield Rentals Inc., Hart Oilfield Rentals Ltd., and Artic Therm International Ltd.

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Enterprise Group Inc > Top Pick

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Comment by Possibleidiot01on Sep 19, 2024 3:19pm

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Post# 36231657

RE:Top Pick

Enterprise Group (E TSX)

It is an energy services company that is introducing a newish technology that will reduce emissions and save their clients money. Its Evolution Power Projects division is driving the accelerated growth with their natural gas power generation for work sites. The company is generating strong earnings before interest, taxes, depreciation, and amortization (EBITDA) margins, producing free cash flow and trades at an attractive multiple based on the growth potential in the future. Last purchase was $1.72, funds own, none owned personally, and none owned by my family.

TOP PICK

Oil field services. Lots of respect for management. Tough business. Kept debt levels in check, bought back lots of stock. Electrifying well sites via natural gas instead of diesel (expensive and polluting). That decreases cost for customers. No dividend.

Fairly big move up this year, but still really attractive. Lots of runway. Increased revenue and earnings, really strong margins of around 40%. Trades around 7x.

(Analysts’ price target is $1.95)

oil / gas

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