Capital Compounders Show Powering The Oil Patch (Enterprise Group)
In this conversation, Des O'Kell, President and Co-founder of Enterprise Group, discusses the resilience and strategies of his company in the cyclical oil and gas industry. He reflects on the challenges faced during downturns, particularly from 2014 to 2021, and how the company managed to remain cashflow positive. Des highlights the shift towards natural gas power systems, the importance of innovation, and the potential for growth in adjacent industries like mining. He also addresses the impact of global markets on Canadian energy and the company's strategic planning for future growth, including acquisitions and market positioning. Finally, he shares insights into the governance of Enterprise Group and the expertise of its board members.
KEY TAKEAWAYS:
- Enterprise Group remained cashflow positive during downturns
- The company shifted from diesel to natural gas power systems
- There is a strong focus on innovation and technology
- Cyclicality in the oil and gas industry is being addressed through diversification
- The Canadian energy sector is gaining access to global markets
- Acquisitions are part of the growth strategy for Enterprise Group
- The board of directors has a well-rounded skill set
- Future growth is projected in the mining sector
- The company has a leadership position in mobile power systems
- Maintaining client relationships is crucial for business success
Ownership Disclosure: Enterprise Group ($E) - No
#investing #stocks #personalfinance #wealth #podcast
Tags: Enterprise Group, Des O'Kell, oil and gas services, resilience, cyclicality, Canadian energy, acquisitions, innovation
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