I find it more encouraging to see a few new names appearing on the Entek forum lately.
I think it would be fair to say that the share price of this company has been far too low over the past nine months.
A big part of the problem with Entek is that it is just too obscure: there are several hundred resources stocks on the ASX, a hangover from the best days of the mining boom, and Entek just gets lumped in with the rest of them (it probably also doesn't help that the name of the company is pretty dry.)
Possibly, the situation with Aurora may prove to be the catalyst that some here have been looking for. I suspect that following on from this, many will have started to investigate US based oil and gas stocks, and given that Entek is likely the best value ASX listed oil stock operating in the US, I wouldn't be surprised to see some more buying in the weeks ahead.
ETE Price at posting:
3.4¢ Sentiment: None Disclosure: Held
