Enterprise Oilfield Group Inc. - E-T

Company Website 

Company Highlights: 

  • Enterprise Group provides specialized equipment and services in the build out of infrastructure for energy, pipeline and construction industries. It has four major businesses. Evolution Power provides natural gas for electricity as a mobile power source, Westar Oilfield Rentals in Fort St John BC is a site infrastructure business, Artic Therm has equipment used in pipeline heating, and Hart Oilfield Rentals is a site infrastructure company. They operate in Alberta and BC.
  • Revenues in Q2/22 were $5.3M up from $3.2M in Q2/21. EBITDA rose to $1.0M from $120K in Q2/21.
  • E has a market capitalization of $19M with insiders owning over 34% of the shares. Their enterprise value is $33M and their equipment has an asset value of over $40M.
     
Desmond Okell
Desmond Okell
Senior Vice President
Mr. O’Kell has been with Enterprise since its inception (2005) and has been a member of Enterprise’s board of directors since 2011. Mr. O’Kell has over 30 years of experience in business build-out, finance, and executive operations.