Certain companies may be covered by FRC under an issuer paid model. FRC or companies with related management, and Analysts, may hold shares/securities in some companies mentioned in this section. This creates a potential conflict of interest which readers should consider.
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).