- The Canadian natural gas industry is forecasted to generate $250 billion over the next 10 years, with currently 70 operating oil and gas pipelines regulated by the Canada Energy Regulator across Canada-US borders.
- Canada will require additional oil pipeline capacity, creating a unique opportunity for Enterprise Group.
- Enterprise Group is currently generating revenue throughout its business lines. Revenue reported for the three months ended March 31, 2022, was $7,629,418, an increase of 30 percent from the prior period.
- The company’s enterprise value is currently estimated at US$33 million.
- The company is committed to mitigating, reducing, or eliminating CO2 and Greenhouse Gas emissions for small to Tier One resource clients
- An experienced management team leads Enterprise Group towards achieving its goals of supporting the Western Canada infrastructure and energy industry.
The world is in need of more oil and gas. The Organization of the Petroleum Exporting Countries (OPEC) maintained its 2022 forecast that world oil demand will continue to rise against the backdrop of tight supply, while McKinsey & Company reported that the already-tight supply was squeezed even tighter due to the drop in exports from Libya as well as concerns about gas supply from Russia.
Canada is the fifth largest producer of oil and also the fifth largest producer of natural gas in the world. Currently, there are 70 operating oil and gas pipelines regulated by the Canada Energy Regulator across Canada-US borders. The Canadian natural gas industry is forecasted to generate $250 billion over the next 10 years, and to keep up with this, the Canada Energy Regulator's annual report suggested that western Canada will require additional oil pipeline capacity. At the 2022 Energy and Mines Ministers’ Conference, International Energy Agency Executive Director Fatih Birol put a spotlight on Canada’s leadership on driving clean growth for a secure energy future, and Europe’s need to replace Russian dependance on oil and gas with trading partners such as Canada.
One company ready to support this explosive growth in the energy industry is Enterprise Group (TSX:E), composed of specialized subsidiaries and is actively acquiring “best-in-class” equipment and service providers within its serviced industries. The company’s focus is Western Canada as it is a high growth region, where it is already generating revenue, and has an estimated enterprise value of US$33 million.