We initiated coverage on Enterprise Group Inc. (TSX: E). Our head of our research talked about the company valuation.
Enterprise, formed in 2004, provides specialized equipment and services for companies operating in the energy, pipeline, and construction sectors. The company operates in Alberta and B.C.
Revenue primarily comes from renting equipment to oil and gas companies, including majors such as Suncor (TSX: SU), Chevron (NYSE: CVX), and ConocoPhillips (NYSE: COP).