Enterprise Group (TSX: E) hit a 52-week high on Friday of $0.42 per share for a gain of 162.5% since NIA's suggestion at $0.16 per share!
Canadian Oil Sands industry groups have combined this week into a new organization called Pathway Alliance that will focus on reducing GHGs. Because Canadian Oil Sands producers work in remote areas, they rely on diesel power generators, which are one of the primary causes of Canadian Oil Sands GHGs. E's wholly owned Evolution Power Projects is the only player in Canada that has retooled its fleet to low emission natural gas generators.
E has no competition in supplying natural gas microgrid equipment to Pathway Alliance members. Most of E's competitors went out of business during the oil industry downturn of previous years. Only E had the financial nimbleness to retool to the lowest emission equipment. Most of E's clients are now fueling their Evolution Power Projects low emission microgrid equipment using their own natural gas produced on site that would otherwise go to waste! This eliminates the need for nonstop 24/7 truckloads of diesel fuel deliveries - further reducing GHGs and making the roads in Canada safer!
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