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Saturday, June 22, 2024

(TSX: E) Enterprise Group Consistently Outperforming

Enterprise Group, Inc. is a Canadian corporation that specializes in the consolidation of energy-related businesses.

The company works in the utilities, energy, and construction industries, among others. The company’s primary concentration is on the renting of specialist rental equipment. The company operates a fleet of trucks and heavy equipment to provide heavy equipment, flameless heating units, and oilfield site service infrastructure rental services in Western Canada.

Acquiring comparable businesses at accretive values and delivering benefits post-acquisition E.TO has a reputable track record.

Quickfire Bulletpoints on why E.TO is primed for an increase in shareholder value

  • Located in the WCSB’s most active regions, in and along the foothills, serving the Montney, Duvernay, Cardium, and Viking formations, as well as the Oil Sands district.
  • Low Investor awareness
  • Extremely tight share structure: management owns 35%
  • Ongoing share buyback program (The stock remains undervalued, and the Company will continue to buy back shares).
  • Consistently cashflow positive
  • Significant Growth initiatives to commence in January 2022

While providing high-quality equipment and customer service, Enterprise’s management has demonstrated its capacity to adjust and adapt to an uncertain resource environment and changing consumer needs. They’ve also shown that they can buy complementary businesses for a good price and then produce benefits afterwards. Management ownership continues to grow; they now own 33% of the company, which is a strong indication of their optimism for the future. I believe now is a good opportunity to have a look at this stock before things pick up again.

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