July 14, 2018 -- My visit with Des O'Kell, Senior V.P. of Enterprise
In the below interview, you'll get an update on the great progress and more optimistic business climate that has moved Enterprise shares up by some 150% from their bottom of the energy bear market.
Despite all the good news, though, the company's share price is still slightly less than half its (now higher) book value!
More "meat" in the above report/update to go along with the chat with Enterprise's Des O'Kell.
Enterprise Group (TSE-E; OTC-ETOLF) appears to have even more of a long, happy and PROFITABLE recovery ahead of it, even after the spurt higher of the last couple weeks.
Two big long-term investment themes right now are:
1. Stabilizing energy prices (albeit at lower levels than their extremes of $100+ per barrel for oil and double-digits for natural gas) while global demand stays strong and
2. More aggressive infrastructure spending the world over, as governments seek to make up for weak economic growth otherwise and as the necessity of decaying old infrastructure and burgeoning new populations demand it.
Enterprise Group is a company with a presence in both sectors and --as of this posting and Special Report -- has clearly turned a corner following the energy slump of the last few years. But even after some recent strength in its share price it still sells for scarcely more than a third of its book value!
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