Followers | 437 |
Posts | 42954 |
Boards Moderated | 2 |
Alias Born | 05/08/2006 |
Thursday, February 19, 2009 1:38:05 PM
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 of the company’s services are concentrated in urban areas, where utilizing directional drilling techniques for underground installation minimizes disruptions during the development of industrial, commercial and residential properties.
Because the utility infrastructure & directional drilling segment is a less seasonable business, it provides Enterprise with relatively stable revenues. Total infrastructure spending in the Province of Alberta grew rapidly at average annual rates of 13.3% and 17.5% during 2004–2008. Although the growth in the province will most likely slow down from the high levels seen in the past few years, it is expected to remain relatively strong compared with the national average.
Recent E News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 03/06/2024 04:17:35 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/31/2024 05:12:55 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/24/2024 05:01:24 PM
- Eni Signs Strategic Agreements in Kazakhstan • Dow Jones News • 01/18/2024 06:49:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/17/2024 04:36:46 PM
- Oil Majors Close to Settling $5 Billion Dispute With Kazakhstan, Bloomberg Reports • Dow Jones News • 01/16/2024 12:46:00 PM
- Eni's Plenitude Acquires Stakes in Three U.S. Solar Parks • Dow Jones News • 01/10/2024 10:02:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/03/2024 04:58:51 PM
- Eni Strikes Deal for Energy Infrastructure Partners to Invest in Plenitude -- Update • Dow Jones News • 12/21/2023 11:59:00 AM
- Eni Signs Agreement With Energy Infrastructure Partners to Invest in Plenitude • Dow Jones News • 12/21/2023 08:38:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 12/13/2023 07:00:28 PM
- Eni Gets EUR3.0 Billion Sustainability-Linked Credit Line • Dow Jones News • 12/04/2023 10:17:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/22/2023 08:44:03 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/15/2023 04:36:37 PM
- Six Italian Energy Companies Fined by Watchdog Over Pricing -- Update • Dow Jones News • 11/15/2023 01:39:00 PM
- Six Italian Energy Giants Fined by Watchdog Over Pricing • Dow Jones News • 11/15/2023 12:46:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 11/01/2023 03:30:39 PM
- Eni Raises Guidance After 3Q Beat Expectations Despite Weaker Prices • Dow Jones News • 10/27/2023 06:49:00 AM
- Eni Approves Second Tranche of Dividend • Dow Jones News • 10/26/2023 04:58:00 PM
- US, European Companies Strike Deals to Further Consolidate Oil Industry -- At a Glance • Dow Jones News • 10/23/2023 03:09:00 PM
- US, European Companies Strike Deals to Further Consolidate Oil Industry -- At a Glance • Dow Jones News • 10/23/2023 11:32:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/18/2023 03:18:39 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 10/11/2023 08:18:25 PM
- European Defense, Energy Stocks Rise, Airlines Slide After Attack on Israel • Dow Jones News • 10/09/2023 10:33:00 AM
- Eni Makes Significant Offshore Gas Discovery in Indonesia • Dow Jones News • 10/02/2023 07:30:00 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM