Business
Enterprise Group, Inc Announces Letter to Shareholders From President & CEO - Leonard D. Jaroszuk
St. Albert, Alberta--(Newsfile Corp. - March 9, 2023) - Enterprise Group, Inc. (TSX: E) (OTCQB: ...
About this update from Enterprise Group, Inc.
[{"type":"text","content":"Enterprise Group, Inc Announces Letter to Shareholders From President & CEO - Leonard D. JaroszukSt. Albert, Alberta--(Newsfile Corp. - March 9, 2023) - Enterprise Group, Inc. (TSX: E) (OTCQB: ETOLF) (the \"Company\" or \"Enterprise\"). Enterprise Shareholders and Interested Investors;It was a good year for Enterprise and our shareholders. Over one year, the Company's share price rose 40 plus percent, from 26 to 46 cents, a new high. For comparison, S&P lost 19.4%, the Nasdaq gained 8.7%, and the Dow was down almost 9%.FY2022 earnings will be released once the year-end audit is complete.For the latest management thoughts, click on Enterprise's Youtube channel. The Corporate presentation is here.On March 1, 2023, the oil and gas sector will reach CDN$ 40 billion, an 11% increase over 2022. A Bank of Montreal report states: Alberta's share of investment is expected to be $28 billion this year, representing approximately 70 percent of Canada's total. CAPP says that investment growth is mainly driven by conventional and oil sands sectors.\"A report issued by BMO Capital markets showed Canadian oil and natural gas producers have invested an average of $1.2 billion annually since 2012 into research and development, much of that focused on reducing emissions,\" it said. \"The report estimates in 2022 that investment rose to $1.4 billion and could exceed $2 billion by 2025.\"CAPP contends Canada's upstream oil and natural gas industry is the largest investor in environmental protection, providing $3 billion annually toward initiatives such as biodiversity habitat protection, air quality management and water protection.\"The year 2023 may be one of the most pivotal moments in time for Canada's oil and natural gas industry,\" Baiton said. \"With an emerging liquefied natural gas export industry, the expected completion of the Trans Mountain pipeline expansion and billions of dollars in emissions reduction investments waiting to be unlocked, Canada is positioned to play a much larger role in providing responsibly produced energy resources to the world.\"Salient 2022 DevelopmentsEnterprise also moved into 2023 with an up-listing to the US OTCQB, which gives the massive American investor market direct trade investment to our shares.Enterprise also secured several new clients in 2022, including several Tier One names.The reality of energy...