Investorideas.com energy stock news

Friday, February 17, 2017

#InvestorIdeas Adds #Mining, #Energy, #Beverage, #Marijuana, #Sports & #Tech #Stocks to Directories

This Week’s #Mining #Stocks Added; $EUK.V $WDG.V $KAR.V $WGC.CA

Energy, Beverage, Marijuana, Sports & Tech Stocks also added to Investor Directories



Point Roberts, WA, Delta BC – February 17, 2017 – Investorideas.com, a global news source and investor resource covering actively traded sectors announces this week’s additions to its investor membership, including global stock directories in mining, energy, beverage, marijuana, sports and tech.

Investorideas.com tracks companies in high profile trading sectors and makes ongoing additions to its stock directories for each sector.  Listing for the stock directories include companies on the TSX, OTC, NYSE, NASDAQ and global stock exchanges.

Mining companies added include those with operations in Africa, Canada, Brazil, Peru and the United States and explorations for gold, silver, zinc and raw materials for the battery industry.

Energy companies added are both exploring in Alberta, Canada – one for conventional oil and gas and one for oil and natural gas.

The newest additions to the tech stocks directories include Wells Fargo & Company (NYSE:WFC), which is stepping into the AI (artificial intelligence) sector and Actua Corporation (NasdaqGS:ACTA) a cloud services company.

Additions were also made to the beverage stocks and sports stocks directories with a liquor store franchise and a water sports towboat company, respectively.

Cannabis companies added include Amfil Technologies Inc. (OTC: AMFE) whose subsidiary, GROzone offers sanitization for the Medical Marijuana Industry and Invictus MD Strategies Corp. (CSE:IMH; OTC: IVITF) who is focused on the Canadian Cannabis Industry.


New Mining Companies Added:
Eureka Resources Inc. (TSX:EUK.V)Gold projects include the FG property in the Cariboo area of central British Columbia having an indicated resource of 376,000 ounces of gold and an inferred resource of 634,900 ounces of gold and the Gold Creek gold property in the gold belt of the Company's FG project. The FG project is an advanced stage gold project, currently under option to Canarc Resource Corp. The Gold Creek property is a project located proximal to and with similar geology to the Spanish Mountain deposit. Eureka has recently concluded the purchase of the Luxor project and the TAK property in the famous and very active Dawson Range Gold belt of western Yukon Territory. Eureka owns a 50% interest in the Gemini lithium brine project located in the Lida Valley, approximately 40 km (26 miles) south of the Clayton Valley, which contains North America's only producing lithium deposit. Drilling is anticipated to commence in 2017. The drilling has been delayed because of the success of our partners Nevada Sunrise and Advantage Lithium who have elected to retain the drilling crew at their Clayton Northeast project 

Giyani Gold Corp. (TSX:WDG.V) is currently engaged in the acquisition, exploration, evaluation, and development in southern Africa of raw material for the battery industry.

Karmin Exploration Inc. (TSX:KAR.V) The principal business of Karmin is to acquire, explore and develop resource properties in Brazil and Peru. Karmin owns 30% of the Aripuana Zinc Project, one of the largest undeveloped zinc projects in Brazil. The Aripuana Zinc Project covers a mineralized massive-sulphide district that includes five areas of mineralization (Ambrex, Arex, Babaçú, Massaranduba and Mocoto) over a 25- kilometre strike length. Votorantim owns 70% of the Aripuana zinc project, but assumes 100% of the project costs until the completion of a bankable feasibility study. Karmin also owns 100% interest in: (a) the Aripuana Gold-Silver Project, which encompasses the gold and silver mineralization associated with near-surface oxidized portions of numerous massive-sulphide deposits in the 820-square-kilometre Aripuana Zinc Project in north-western Brazil; and (b) the 25-square-kilometre Cushuro Gold Project located in the world-class Alto Chicama gold-mining district of northern Peru.

Winston Gold Mining Corp. (CNX:WGC; OTCQB: WGMCF) is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired two under-explored and under-exploited gold/silver mining opportunities, being the Winston Gold project near Helena, Montana, and the Gold Ridge project, near Willcox, Arizona.

New Energy Companies Added:
Point Loma Resources Ltd. (TSX:PLX.V) is a public oil and gas development and exploration company focused on horizontally exploiting conventional oil and gas reservoirs in west central Alberta. Point Loma's business plan is to utilize its experience to drill, develop and acquire accretive assets with potential for horizontal multi-stage frac technology and exploit opportunities for secondary recovery.

Prairie Provident Resources Inc. (TSX:PPR:TO) is a Calgary-based company engaged in the exploration and development of oil and natural gas properties in Alberta. The Company's strategy is to grow organically in combination with accretive acquisitions of conventional oil prospects, which can be efficiently developed. Prairie Provident's operations are primarily focused at Wheatland and Princess in Southern Alberta targeting the Ellerslie and Lithic Glauc formation, along with an early stage waterflood project at Evi in the Peace River Arch. The Company also holds a large acreage position of approximately 240,000 net acres in the Utica shale in Quebec's Saint Lawrence lowlands. Prairie Provident protects its balance sheet through an active hedging program and manages risk by allocating capital to opportunities offering maximum shareholder returns.

New Tech Companies Added:
Wells Fargo & Company (NYSE:WFC) s a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 269,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 27 on Fortune's 2016 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially.  AI (Artificial Intelligence): Artificial Intelligence (AI): Wells Fargo sees an increasing number of opportunities to better leverage data to provide personalized customer service through our bankers and digital channels. To accelerate the company's efforts, a new Artificial Intelligence Enterprise Solutions team has been created, which will be led by Steve Ellis, head of Wells Fargo's Innovation Group. The group will be at the forefront of the company's enterprise efforts in this rapidly emerging area, and shape future services for customers.

Actua Corporation (NasdaqGS:ACTA) the multi-vertical cloud company, brings the power of the cloud to vertical markets and processes. Actua is pioneering the second wave of the SaaS revolution – the vertical wave – by growing cloud businesses that are transforming their markets. With approximately 700 employees delivering unrivaled domain knowledge, agility and responsiveness to our customers, Actua’s rapidly growing vertical cloud businesses are positioned to lead this wave.

New Sports Companies Added:
Malibu Boats (NasdaqGM:MBUU) is the world's largest manufacturer of watersports towboats, owning over one-third of the worldwide market share. Malibu sells the Wakesetter, M235 and Response models -- as well as the Axis Wake Research brand -- through a global dealer network. With approximately 525 employees worldwide and three manufacturing facilities in California, Tennessee, and Australia, Malibu builds boats to help you live a #lifewithoutlimits on the water.

New Beverage Companies Added:
Liquor Stores N.A. Ltd. (TSX:LIQ.TO) is a publicly traded corporation that indirectly operates 253 retail liquor stores in Alberta, British Columbia, Alaska, Kentucky, New Jersey and Connecticut. Liquor Stores' retail brands include: Liquor Depot, Liquor Barn, and Wine and Beyond in Alberta (179 stores); Liquor Depot and Liquor Barn in British Columbia (34 stores); Brown Jug in Alaska (22 stores); Liquor Barn "The Ultimate Party Source" and Liquor Barn Express in Kentucky (15 stores); Joe Canal's Discount Liquor Outlet in New Jersey (2 stores), and LQR MKT in Connecticut (one store).

New Marijuana Companies Added:
Amfil Technologies Inc. (OTC: AMFE) focuses primarily on the acquisition of income generating private companies and optimizing their operations under the Amfil Technologies umbrella. Amfil is focused on growing shareholder value by allowing investors access to self-sustaining small to medium sized businesses with proven profitable strategies, and identified as having substantial potential for future growth. Amfil seeks to achieve long-term financial returns consisting of regular dividend income, benefiting from preferential tax treatment, and expecting modest mid-to-long term capital growth. Amfil Technologies primarily invests in small to mid-sized companies with above average service capacity, growth potential or existing market share. GROzone: The GROzone systems are a triple function sanitization unit capable of naturally eliminating 99.9% of gaseous and aqueous pathogens developed for the Medical Marijuana Industry.

Invictus MD Strategies Corp. (CSE:IMH; OTC: IVITF) is focused on three main verticals within the burgeoning Canadian cannabis sector: Licensed Producers under the ACMPR; Fertilizer and Nutrients through Future Harvest Development Ltd.; and Cannabis Data and Delivery, with its wholly owned subsidiary Poda Technologies Ltd.

Investorideas.com global stock directories are part of the membership program on the site, accessed either by login and password or available in PDF format.  The directories include stocks trading on the TSX, OTC, NASDAQ, NYSE and other recognized global stock exchanges, giving retail investors a wide variety of stocks to review. http://www.investorideas.com/membership/

The directories are not meant as recommendations but as a research tool to discover opportunities and trading ideas in a particular sector.

About Investorideas.com - News that Inspires Big Ideas
Investorideas.com is a meeting place for global investors, featuring news, stock directories, video, company profiles, interviews and more in leading sectors.  

Sectors we cover include tech, bitcoin and blockchain, biotech, mining, energy, renewable energy, water stocks, marijuana and hemp stocks, food and beverage (including organic and LOHAS, wine), defense and security (including biometrics), Latin America, sports, entertainment, luxury brands and gaming.

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From water stocks to gold and mining stocks, renewable energy, nanotech, defense, technology, biotech and more – use our stock directories and access them online 24/7 with login as a member to find your next big idea!

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution,social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp.

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894.  Global investors must adhere to regulations of each country.

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Thursday, February 9, 2017

Enterprise Group, Inc. (#TSX: $E) Shareholder Note - Why Enterprise? Because #Infrastructure Always Leads the Recovery

Enterprise Group, Inc. (#TSX: $E) Shareholder Note - Why Enterprise? Because #Infrastructure Always Leads the Recovery



ST. ALBERT, ALBERTA, CANADA - February 9, 2017 (Investorideas.com Newswire) Enterprise Group, Inc. ("Enterprise," or "the Company") [TSX: E], a consolidator of services to the energy sector focused primarily on construction services and specialized equipment rental, today released an in-depth corporate Letter to Shareholders from CEO Leonard D. Jaroszuk.
My Fellow Shareholders and Investors;
My purpose is not to regale shareholders with stories concluding that all the rubble has been cleared away from the Alberta resource carnage that began in June 2014. Nor will I bore you with a lot of historical statistics.
Enterprise management has significant skin in the game. Prior to the 2014 resource downturn, the group owned 3.7 million shares (6.7%-consolidation adjusted). Acting on the confidence in the Company's long term prospects for growth, management now owns 10.3 million shares (18.4%).
Throughout the downturn, management significantly increased direct investment by 275%.
What I will do is impart to you our resource sector intel that, from our unique perspective as a premier supplier of resource infrastructure services, appears to have turned and is steadily improving. Some salient points:
  • With zero being the bottom of the resource sector decline, it appears to be tracking at roughly a three out of ten;
  • Incoming business inquiries have and continue to increase steadily over the past several months;
  • Billions of dollars in Western Pipeline, LNG projects—most undertaken by previous and current clients–are beginning to crystalize.
  • Resource development budgets are up for 2017; in some individual cases more than double 2016
  • Sector has seen several company closings and a significant rise in M&A activity
  • Canadian resource company 2016 O&G M&A activity highest since 2007; $277.6 billion versus $314.7 billion
  • Oil was at well over US$120 in 2007 and is about 40% of that price now
A major boost to the growth discussion is the new resource-friendly direction the US administration appears to be signaling for the years ahead.


Navigating an Ugly Market 

Enterprise's management adjustments were simple; employ direct and aggressive price discounts, improve service, and cut costs to pay for those discounts. As well, we continued our pre-decline plan to sell our TC Backhoe Di- vision in June, 2016 for terms totaling approximately C$20 million. The sale allowed us to retire a significant portion of our then-$40 million in debt. TC was an exceptional investment vehicle as it satisfied our mandate to provide specialized or exclusive services to clients, from a global tier-one to the smallest independent company.
The acquisition of this great company in 2007 for $12 million was immediately accretive. During our 9.5 years of ownership, TC generated roughly 13-fold ($154 million) the purchase price in revenues and extended our reputation as the premier (and frankly the only) ‘One Stop Source' for virtually every critical resource construction service.
The most important current information for both companies and investors is to understand how corporate managements dealt with the sector decline and what plans are in place to not just participate as the sector hardens, but to be a valued partner as clients need help and advice to navigate the new environment.
Enterprise as the Canary in the (Resource) Coal Mine.
Due to our unique position in the resource sector, Enterprise could analogously be considered a ‘canary in the coal mine'. By gauging the activities of our clientele, suppliers, and the sector in general, we could well be considered a useful measure of its health and growth prospects.
As we have just completed Q4 2016, we experienced a continued improvement in the sector outlook. Interestingly, in Q3 2016, while revenues were down from $10.4 million same period in 2015 to $6.7, we posted a $0.01 cent profit versus a $0.01 loss. The first nine months' revenues of 2016 totaled $21 million, down from $32 million for the same period in 2015.
From our Q3 discussion:
"...the Company is committed to certain service standards for its existing clients which management believes to be critical for fostering the Company's longer-term growth. As the Company better understands the economic outlook for 2017 and the likely level of demand for its services, it will adjust its internal infrastructure accordingly."
That, along with our ongoing cost analyses, streamlining and the specialized nature of our service offerings, I believe Enterprise will continue to grow and weather this malaise stronger than before.


Why Enterprise? Because Infrastructure Always Leads the Recovery.

As a company consolidator, we are not slowing down. We frequently see and are proposed deals as others scramble to either return to profitability or just survive.
Enterprise in in excellent position to vet and realistically pick and choose those assets and/or companies of interest that will add the most value and consistent shareholder value.
We are aggressively looking for businesses that fit our mix and will be immediately accretive. There is a myriad of great fits out there, both incremental and some companies much larger than Enterprise.
During the decline, Enterprise has carefully lowered prices (2-3 times) and worked closely with clients to accomplish their goals. While we are seeing decent price stability, the sector is still too brittle for any excessive price increases. Enterprise felt it was more important to accommodate lower budgets etc. where possible for both revenue reasons and to deepen relationships with existing clients and add new ones.
Already, we are finding that as the sector improves we are stretched. We are working directly to make the right hires to deal with our expanding business.
So Far, So Good.
We are involved or plan to be with the major western projects, be it pipelines, including Kinder Morgan, BC Hydro, Alta Gas, Fortis or any of several other major resource projects.
While we see consistent growth from here, there is the possibility of the sector gapping higher depending on oil's price direction. We have seen discussion of further production cuts to help pricing. Certainly, the current base of $50 oil and $3 gas will help the intermediate to long-term buoyancy of the sector and revenue growth.
Don't Believe the Consensus.
Consensus rarely makes investors any money.
Just as we didn't see the highly touted $200-barrel oil spike a few years ago, espousing a further price collapse now is likely at just as long odds.
The U.S. Energy Information Administration's January Short-Term Energy Outlook (STEO) forecasts bench- mark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and
$52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018.
In January of 2014, Enterprise was trading north of $3 a share. Currently and perhaps ironically, while the sec- tor continues to wring its hands, good stories such as ours tend to get overlooked.
I further believe that Enterprise is the strongest swimmer in a very small competitive pool and the only infra- structure company that is strong enough to scale up as warranted.
As I write, I firmly believe that Enterprise is a stronger company than in 2014 and has exceptional growth plans.
Just as virtually no one saw the declines that decimated the industry, cautious optimism is currently the most prudent strategy both for companies and investors.
To our experienced management team, the current markets are strongly like those seen in 2004-5. From $50 in 2005, oil peaked at north of $120 in late 2008. After the 2008 economic decline, oil dropped to $40 and increased again to $120 by 2011. You know the rest.
We feel the price and sector growth are underway and should become increasingly compelling for those who tend to move ahead of the herd.
At Enterprise, we appreciate your continued support and know that we are working every day to deliver share- holder value, no matter the market condition.
Sincerely,


Leonard D. Jaroszuk
President and CEO
Enterprise Group, Inc.

About Enterprise Group, Inc. Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily construction services and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth.
More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com
For questions or additional information, please contact:
Leonard Jaroszuk: President & CEO Desmond O'Kell: Senior Vice-President contact@enterprisegrp.ca
780-418-4400
Forward Looking Information Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether because of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure this news was a paid for news submission on the Invetorideas.com newswire - learn more about our newswire - http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.




Wednesday, February 8, 2017

#TSX #Resource #Infrastructure Company, Enterprise Group, Inc. [TSX: $E] Shareholder Letter

#TSX #Resource #Infrastructure Company, Enterprise Group, Inc. [TSX: $E] Shareholder Letter
WESTERN CANADA RESOURCE GROWTH PROXY: A Canary in the Coal Mine?

ST. ALBERT, ALBERTA, CANADA - February 8, 2017 (Investorideas.com Newswire) Enterprise Group, Inc. ("Enterprise," or "the Company") [TSX: E], a consolidator of services to the energy sector focused primarily on construction services and specialized equipment rental, today released an in-depth corporate Letter to Shareholders from CEO Leonard D. Jaroszuk.
My Fellow Shareholders and Investors;
My purpose is not to regale shareholders with stories concluding that all the rubble has been cleared away from the Alberta resource carnage that began in June 2014. Nor will I bore you with a lot of historical statistics.
Enterprise management has significant skin in the game. Prior to the 2014 resource downturn, the group owned 3.7 million shares (6.7%-consolidation adjusted). Acting on the confidence in the Company's long term prospects for growth, management now owns 10.3 million shares (18.4%).
Throughout the downturn, management significantly increased direct investment by 275%.
What I will do is impart to you our resource sector intel that, from our unique perspective as a premier supplier of resource infrastructure services, appears to have turned and is steadily improving. Some salient points:
  • With zero being the bottom of the resource sector decline, it appears to be tracking at roughly a three out of ten;
  • Incoming business inquiries have and continue to increase steadily over the past several months;
  • Billions of dollars in Western Pipeline, LNG projects—most undertaken by previous and current clients–are beginning to crystalize.
  • Resource development budgets are up for 2017; in some individual cases more than double 2016
  • Sector has seen several company closings and a significant rise in M&A activity
  • Canadian resource company 2016 O&G M&A activity highest since 2007; $277.6 billion versus $314.7 billion
  • Oil was at well over US$120 in 2007 and is about 40% of that price now
A major boost to the growth discussion is the new resource-friendly direction the US administration appears to be signaling for the years ahead.


Navigating an Ugly Market 

Enterprise's management adjustments were simple; employ direct and aggressive price discounts, improve service, and cut costs to pay for those discounts. As well, we continued our pre-decline plan to sell our TC Backhoe Di- vision in June, 2016 for terms totaling approximately C$20 million. The sale allowed us to retire a significant portion of our then-$40 million in debt. TC was an exceptional investment vehicle as it satisfied our mandate to provide specialized or exclusive services to clients, from a global tier-one to the smallest independent company.
The acquisition of this great company in 2007 for $12 million was immediately accretive. During our 9.5 years of ownership, TC generated roughly 13-fold ($154 million) the purchase price in revenues and extended our reputation as the premier (and frankly the only) ‘One Stop Source' for virtually every critical resource construction service.
The most important current information for both companies and investors is to understand how corporate managements dealt with the sector decline and what plans are in place to not just participate as the sector hardens, but to be a valued partner as clients need help and advice to navigate the new environment.
Enterprise as the Canary in the (Resource) Coal Mine.
Due to our unique position in the resource sector, Enterprise could analogously be considered a ‘canary in the coal mine'. By gauging the activities of our clientele, suppliers, and the sector in general, we could well be considered a useful measure of its health and growth prospects.
As we have just completed Q4 2016, we experienced a continued improvement in the sector outlook. Interestingly, in Q3 2016, while revenues were down from $10.4 million same period in 2015 to $6.7, we posted a $0.01 cent profit versus a $0.01 loss. The first nine months' revenues of 2016 totaled $21 million, down from $32 million for the same period in 2015.
From our Q3 discussion:
"...the Company is committed to certain service standards for its existing clients which management believes to be critical for fostering the Company's longer-term growth. As the Company better understands the economic outlook for 2017 and the likely level of demand for its services, it will adjust its internal infrastructure accordingly."
That, along with our ongoing cost analyses, streamlining and the specialized nature of our service offerings, I believe Enterprise will continue to grow and weather this malaise stronger than before.


Why Enterprise? Because Infrastructure Always Leads the Recovery.

As a company consolidator, we are not slowing down. We frequently see and are proposed deals as others scramble to either return to profitability or just survive.
Enterprise in in excellent position to vet and realistically pick and choose those assets and/or companies of interest that will add the most value and consistent shareholder value.
We are aggressively looking for businesses that fit our mix and will be immediately accretive. There is a myriad of great fits out there, both incremental and some companies much larger than Enterprise.
During the decline, Enterprise has carefully lowered prices (2-3 times) and worked closely with clients to accomplish their goals. While we are seeing decent price stability, the sector is still too brittle for any excessive price increases. Enterprise felt it was more important to accommodate lower budgets etc. where possible for both revenue reasons and to deepen relationships with existing clients and add new ones.
Already, we are finding that as the sector improves we are stretched. We are working directly to make the right hires to deal with our expanding business.
So Far, So Good.
We are involved or plan to be with the major western projects, be it pipelines, including Kinder Morgan, BC Hydro, Alta Gas, Fortis or any of several other major resource projects.
While we see consistent growth from here, there is the possibility of the sector gapping higher depending on oil's price direction. We have seen discussion of further production cuts to help pricing. Certainly, the current base of $50 oil and $3 gas will help the intermediate to long-term buoyancy of the sector and revenue growth.
Don't Believe the Consensus.
Consensus rarely makes investors any money.
Just as we didn't see the highly touted $200-barrel oil spike a few years ago, espousing a further price collapse now is likely at just as long odds.
The U.S. Energy Information Administration's January Short-Term Energy Outlook (STEO) forecasts bench- mark North Sea Brent and West Texas Intermediate (WTI) crude oil prices to average $53 per barrel (b) and
$52/b, respectively, in 2017, close to their levels during the last three weeks of 2016. These prices are expected to rise to $56/b and $55/b, respectively, in 2018.
In January of 2014, Enterprise was trading north of $3 a share. Currently and perhaps ironically, while the sec- tor continues to wring its hands, good stories such as ours tend to get overlooked.
I further believe that Enterprise is the strongest swimmer in a very small competitive pool and the only infra- structure company that is strong enough to scale up as warranted.
As I write, I firmly believe that Enterprise is a stronger company than in 2014 and has exceptional growth plans.
Just as virtually no one saw the declines that decimated the industry, cautious optimism is currently the most prudent strategy both for companies and investors.
To our experienced management team, the current markets are strongly like those seen in 2004-5. From $50 in 2005, oil peaked at north of $120 in late 2008. After the 2008 economic decline, oil dropped to $40 and increased again to $120 by 2011. You know the rest.
We feel the price and sector growth are underway and should become increasingly compelling for those who tend to move ahead of the herd.
At Enterprise, we appreciate your continued support and know that we are working every day to deliver share- holder value, no matter the market condition.
Sincerely,


Leonard D. Jaroszuk
President and CEO
Enterprise Group, Inc.


About Enterprise Group, Inc. Enterprise Group, Inc. is a consolidator of construction services companies operating in the energy, utility and transportation infrastructure industries. The Company's focus is primarily construction services and specialized equipment rental. The Company's strategy is to acquire complementary service companies in Western Canada, consolidating capital, management, and human resources to support continued growth.
More information is available at the Company's website www.enterprisegrp.ca. Corporate filings can be found on www.sedar.com
For questions or additional information, please contact:
Leonard Jaroszuk: President & CEO Desmond O'Kell: Senior Vice-President contact@enterprisegrp.ca
780-418-4400
Forward Looking Information Certain statements contained in this news release constitute forward-looking information. These statements relate to future events or the Company's future performance. The use of any of the words "could", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. The Company's Annual Information Form and other documents filed with securities regulatory authorities (accessible through the SEDAR website www.sedar.com) describe the risks, material assumptions and other factors that could influence actual results and which are incorporated herein by reference. The Company disclaims any intention or obligation to publicly update or revise any forward-looking information, whether because of new information, future events or otherwise, except as may be expressly required by applicable securities laws.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure this news was a paid for news submission on the Invetorideas.com newswire - learn more about our newswire - http://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.