2016.10.14 15:58 IamDrDre WW3- Be ready
2023.03.25 03:22 BadTakeBrian Enterprise Group ($E.TO, $ETOLF.OTC): Cash Flow Machine, Deep Value, Squeeze Potential
![]() | Intro submitted by BadTakeBrian to SmallCapStocks [link] [comments] I should start by saying that the search for a company like Enterprise began under the following pretense: I have a bearish view of where I think broad markets are going by the end of 2023 and wanted somewhere to hide out while still maintaining the potential to double my investment under any broad market scenario. Enterprise Group fits that bill. The Company is a niche energy service company that provides site infrastructure services to remote western Canadian production sites for pipelines, construction and oil and gas sectors in western Canada. I believe Enterprise is a fantastic and deeply overlooked company fit for retail investors (like me) who have the ability to enter a position ahead of institutions catching hold of the name. The core thesis on Enterprise is: - Low correlation to broad markets - High growth and 30% cash flow yield - Healthy balance sheet providing ~$20M in dry powder for potential non-dilutive M&A - Share buyback in place to support stock - Unique low-emission fleet of equipment to grow market share - Structural market expansion History Enterprise was founded in 2004, though as it stands today, is a much leaner and higher growth business compared to what it was in the last bull market for energy in 2008-2014. Where many competitors went out of business during the bear market between 2014-2021, Enterprise wisely divested from lower margin business units, preserved its balance sheet and due to its unique fleet of equipment – was able to maintain cash flow positive during this time. M&A is part of the corporate DNA of Enterprise and has had a successful track record on that front. While others were still reeling from previous years downturn or still trying to repair their balance sheets in 2020/2021, Enterprise was able to utilize the strength of its balance sheet and positive cash flows to countercyclically invest into new business units to position themselves for the eventual return of energy markets we are now experiencing. A great example of this is the launch of Evolution Power in 2022, which offers a fleet of low-emission microgrids that power the entire production site with natural gas, replacing diesel generators. In doing so, EP reduces CO2 emissions by 30%, gives Enterprise higher margins, is safer and more efficient for the customer. As one of the few “green options” in the energy sector, they are becoming the first choice for larger oil and gas clients subject to Canada’s “heavy emitter” penalties. Market The large majority of Enterprise’s sales are derived from western Canadian energy producers, with a greater share of natural gas producers compared to oil producers within its book of clients. Though Enterprise profits have less commodity risk than their actual producing clients, the Company nevertheless is derivatively exposed to energy prices (though I believe there are some factors that reduce the correlation that I will get into later). After years of producers not investing into large exploration projects due to ESG mandates, regulations and low prices, the outlook on energy markets looks extremely promising for producers and has already begun to see a notable uptick in production levels that are expected to continue for a market that looks undersupplied in years ahead. More specifically to Enterprise’s western Canadian market, there are some very visible demand drivers on the horizon based on new pipeline capacity that provide a near certain increase in demand for services like Enterprise. This demand is structured within tens of billions of dollars of sunk infrastructure capital to provide a roadmap of oil and gas (mostly gas) production expansion in western Canada. Beginning in 2023 with the completion of NGTL network expansion (gas) and TMX pipeline (oil), there will continue to be major new export capacity to come online nearly every year this decade, with recent first nations LNG projects advancing on the west coast. For Canadian gas producers, the pipelines will allow them to access higher priced Asian markets, where prices are often multiples of those received in Canada or the US. You can bet there is going to be prompt increases to production to ship whatever they can to those markets, given the preferred economics. Financials Enterprise just recently released their full year 2022 financials March 20, 2023, where they posted fantastic results. Rather than do a deep dive into financials today, will simply share some important highlights and suggest reviewing their financials below: (https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020838) https://preview.redd.it/dhuxx4hepspa1.png?width=1080&format=png&auto=webp&s=486a01ec3e2fc8f21628bd6a0a20c0a4607aaa57 Additional items: - Bought back 1.8M shares in 2022 - Secured US OTC listing to increase access to US investors - Renewed buyback program - Available tax losses of $0.17/share - Purchased $5.6M of new equipment - Subsequently signed one of largest contracts in company history in Jan 2023 Share Structure Enterprise currently has 50.3M shares outstanding, with another 5M options exercisable at $0.45. Notably, management/board were buyers in the open market over the last few years and now hold over 40% of all shares outstanding. This is where I think it gets uniquely attractive for us retail investors. Since the last energy cycle, nearly all of the research analysts that covered the sector have moved on, meaning the few analysts left covering the space are focused on large-cap players and there are none covering companies the size of Enterprise. There is a window for retail to build a position in a hugely profitable company with a tight share structure subject to a potential squeeze before institutions begin to take notice. Finally – and maybe most importantly – 2022 saw a unique trading dynamic occur due to a large shareholder selling down their position. This shareholder accidentally accumulated a >10% ownership position, unknowingly triggering a requirement to file any purchase/sale of stock (see sedi filings to confirm). That shareholder then spent the entire year reducing their position below 10% but because there was not a large float of shares trading hands, effectively put a ceiling on the stock the entire year and single-handedly compressed the multiple. This does not appear to have been done with ill intent but explains why the stock bounced between a floor of around $0.38 (supported by the buyback) and $0.42 (where the shareholder was selling) despite everything going right for the company operationally. In January, the company bought back the final tranche of shares needed to get that shareholder below the 10% threshold, thereby clearing the way for share price to better track the improving cash flow of the company. Valuation Enterprise is currently trading at a deeply discounted valuation and historically low multiple, which is ironic considering this may be the best market they've ever operated in. As a particular point of reference, a comparison below for the 2020-2022 periods for EV/EBITDA and some other metrics that could influence the deserved multiple such as growth, profitability, and credit risk. I’ve also already listed a few reasons to be bullish on their future market (pipelines coming online beginning this year), which is consistent with management’s outlook from their MD&A that “…customers have indicated they will continue to operate at increased activities through the remainder of the year”. Though a 10-11x multiple shouldn't be expected moving forward, you can see the impact of having a large shareholder exiting with a small float and how a lack of share price movement can lose investor attention. Over the course of a year, Enterprise added over $5M in EBITDA (+175%) and barely saw its valuation change at all! *2022 year using current share price At a current 4.2x EV/EBITDA, Enterprise is trading far below the 6x it has traded in previous cycles and which seems very reasonable as a base case scenario. It would take very little notional buying for that re-rate to occur and for those able to establish a position at these prices, it would represent a 74% return. https://preview.redd.it/90ink2aipspa1.png?width=867&format=png&auto=webp&s=0bfb3069ef4af77b5d3c2f473744dc7437238048 Finally, if Enterprise is seen through a different valuation lens**, the company just released in their earnings that equity holders would be due $0.68/share ($0.39 current share price) if the company simply sold all of their equipment at book value.** Multiple arguments to show that Enterprise is undervalued. Outlook Enterprise has a strong outlook on market fundamentals to support top line growth, increasing pricing power to maintain/increase margins and new revenue potential coming online with equipment additions. Given history of M&A activity, balance sheet flexibility and the fact some targets are still not fully recovered from 2014-2021 period, it would be very surprising if the company did not make one or more acquisitions in the near-future. Management has said as much on their recent twitter spaces interview. Fortunately for equity holders, management does not have to dilute shareholders while its equity remains undervalued. With $20M in unused credit at their disposal (their current market cap), they would have the ability to make a material acquisition without needing any equity at all. Even if they were to make an even larger acquisition, their debt providers are Ninepoint Partners (via Waygar Capital), who are home to none other than Eric Nuttall, who is the largest and most bullish energy fund manager on earth. You can bet that if the right target came along with the right assets/cash flow, Ninepoint would be more than happy to increase the size of that facility if they aren’t able to secure some seller's financing. If we assume a slight liquidity discount on a PrivateCo acquisition, $20M at 3x EV/EBITDA could buy around $6-7M of incremental EBITDA, effectively doubling the “cash flow” of the company before considering any synergies. Prospect of cross-selling new rental equipment would be high. If something like this came to pass and they grew to a $15M EBITDA business, there would undoubtedly be a whole new supply of small institutions that would be interested and could be an attractive buyout candidate for private equity, who they’re currently competing with for acquisitions. Risk Commodity Risk: This being the most obvious risk to the company. If we were to go back to the dark ages (2014-2021), there would be a material impact on Enterprise financials. I believe commodity risk for Enterprise is mitigated for 3 reasons:
No doubt we are entering a period of uncertainty, with global liquidity being reduced and the risk of recession on the horizon. I think this should be viewed in two ways:
Summary
I own shares in Enterprise. This is not financial advise. Please do your own due diligence. |
2023.03.25 03:16 BadTakeBrian Enterprise Group ($E.TO, $ETOLF.OTC): Cash Flow Machine, Deep Value, Squeeze Potential
2023.03.25 03:13 BadTakeBrian Enterprise Group ($E.TO, $ETOLF.OTC): Cash Flow Machine, Deep Value, Squeeze Potential
![]() | Intro submitted by BadTakeBrian to 10xPennyStocks [link] [comments] I should start by saying that the search for a company like Enterprise began under the following pretense: I have a bearish view of where I think broad markets are going by the end of 2023 and wanted somewhere to hide out while still maintaining the potential to double my investment under any broad market scenario. Enterprise Group fits that bill. The Company is a niche energy service company that provides site infrastructure services to remote western Canadian production sites for pipelines, construction and oil and gas sectors in western Canada. I believe Enterprise is a fantastic and deeply overlooked company fit for retail investors (like me) who have the ability to enter a position ahead of institutions catching hold of the name. The core thesis on Enterprise is: - Low correlation to broad markets - High growth and 30% cash flow yield - Healthy balance sheet providing ~$20M in dry powder for potential non-dilutive M&A - Share buyback in place to support stock - Unique low-emission fleet of equipment to grow market share - Structural market expansion History Enterprise was founded in 2004, though as it stands today, is a much leaner and higher growth business compared to what it was in the last bull market for energy in 2008-2014. Where many competitors went out of business during the bear market between 2014-2021, Enterprise wisely divested from lower margin business units, preserved its balance sheet and due to its unique fleet of equipment – was able to maintain cash flow positive during this time. M&A is part of the corporate DNA of Enterprise and has had a successful track record on that front. While others were still reeling from previous years downturn or still trying to repair their balance sheets in 2020/2021, Enterprise was able to utilize the strength of its balance sheet and positive cash flows to countercyclically invest into new business units to position themselves for the eventual return of energy markets we are now experiencing. A great example of this is the launch of Evolution Power in 2022, which offers a fleet of low-emission microgrids that power the entire production site with natural gas, replacing diesel generators. In doing so, EP reduces CO2 emissions by 30%, gives Enterprise higher margins, is safer and more efficient for the customer. As one of the few “green options” in the energy sector, they are becoming the first choice for larger oil and gas clients subject to Canada’s “heavy emitter” penalties. Market The large majority of Enterprise’s sales are derived from western Canadian energy producers, with a greater share of natural gas producers compared to oil producers within its book of clients. Though Enterprise profits have less commodity risk than their actual producing clients, the Company nevertheless is derivatively exposed to energy prices (though I believe there are some factors that reduce the correlation that I will get into later). After years of producers not investing into large exploration projects due to ESG mandates, regulations and low prices, the outlook on energy markets looks extremely promising for producers and has already begun to see a notable uptick in production levels that are expected to continue for a market that looks undersupplied in years ahead. More specifically to Enterprise’s western Canadian market, there are some very visible demand drivers on the horizon based on new pipeline capacity that provide a near certain increase in demand for services like Enterprise. This demand is structured within tens of billions of dollars of sunk infrastructure capital to provide a roadmap of oil and gas (mostly gas) production expansion in western Canada. Beginning in 2023 with the completion of NGTL network expansion (gas) and TMX pipeline (oil), there will continue to be major new export capacity to come online nearly every year this decade, with recent first nations LNG projects advancing on the west coast. For Canadian gas producers, the pipelines will allow them to access higher priced Asian markets, where prices are often multiples of those received in Canada or the US. You can bet there is going to be prompt increases to production to ship whatever they can to those markets, given the preferred economics. Financials Enterprise just recently released their full year 2022 financials March 20, 2023, where they posted fantastic results. Rather than do a deep dive into financials today, will simply share some important highlights and suggest reviewing their financials below: (https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020838) https://preview.redd.it/4ad6paamnspa1.png?width=1080&format=png&auto=webp&s=751efcedae755df393cfb010e66ca8fd979ab790 Additional items: - Bought back 1.8M shares in 2022 - Secured US OTC listing to increase access to US investors - Renewed buyback program - Available tax losses of $0.17/share - Purchased $5.6M of new equipment - Subsequently signed one of largest contracts in company history in Jan 2023 Share Structure Enterprise currently has 50.3M shares outstanding, with another 5M options exercisable at $0.45. Notably, management/board were buyers in the open market over the last few years and now hold over 40% of all shares outstanding. This is where I think it gets uniquely attractive for us retail investors. Since the last energy cycle, nearly all of the research analysts that covered the sector have moved on, meaning the few analysts left covering the space are focused on large-cap players and there are none covering companies the size of Enterprise. There is a window for retail to build a position in a hugely profitable company with a tight share structure subject to a potential squeeze before institutions begin to take notice. Finally – and maybe most importantly – 2022 saw a unique trading dynamic occur due to a large shareholder selling down their position. This shareholder accidentally accumulated a >10% ownership position, unknowingly triggering a requirement to file any purchase/sale of stock (see sedi filings to confirm). That shareholder then spent the entire year reducing their position below 10% but because there was not a large float of shares trading hands, effectively put a ceiling on the stock the entire year and single-handedly compressed the multiple. This does not appear to have been done with ill intent but explains why the stock bounced between a floor of around $0.38 (supported by the buyback) and $0.42 (where the shareholder was selling) despite everything going right for the company operationally. In January, the company bought back the final tranche of shares needed to get that shareholder below the 10% threshold, thereby clearing the way for share price to better track the improving cash flow of the company. Valuation Enterprise is currently trading at a deeply discounted valuation and historically low multiple, which is ironic considering this may be the best market they've ever operated in. As a particular point of reference, a comparison below for the 2020-2022 periods for EV/EBITDA and some other metrics that could influence the deserved multiple such as growth, profitability, and credit risk. I’ve also already listed a few reasons to be bullish on their future market (pipelines coming online beginning this year), which is consistent with management’s outlook from their MD&A that “…customers have indicated they will continue to operate at increased activities through the remainder of the year”. Though a 10-11x multiple shouldn't be expected moving forward, you can see the impact of having a large shareholder exiting with a small float and how a lack of share price movement can lose investor attention. Over the course of a year, Enterprise added over $5M in EBITDA (+175%) and barely saw its valuation change at all! *2022 year using current share price At a current 4.2x EV/EBITDA, Enterprise is trading far below the 6x it has traded in previous cycles and which seems very reasonable as a base case scenario. It would take very little notional buying for that re-rate to occur and for those able to establish a position at these prices, it would represent a 74% return. https://preview.redd.it/1gmexq1qnspa1.png?width=867&format=png&auto=webp&s=c9c4e7497c35191c5b71c6342c1393b76d4dec13 Finally, if Enterprise is seen through a different valuation lens**, the company just released in their earnings that equity holders would be due $0.68/share ($0.39 current share price) if the company simply sold all of their equipment at book value.** Multiple arguments to show that Enterprise is undervalued. Outlook Enterprise has a strong outlook on market fundamentals to support top line growth, increasing pricing power to maintain/increase margins and new revenue potential coming online with equipment additions. Given history of M&A activity, balance sheet flexibility and the fact some targets are still not fully recovered from 2014-2021 period, it would be very surprising if the company did not make one or more acquisitions in the near-future. Management has said as much on their recent twitter spaces interview. Fortunately for equity holders, management does not have to dilute shareholders while its equity remains undervalued. With $20M in unused credit at their disposal (their current market cap), they would have the ability to make a material acquisition without needing any equity at all. Even if they were to make an even larger acquisition, their debt providers are Ninepoint Partners (via Waygar Capital), who are home to none other than Eric Nuttall, who is the largest and most bullish energy fund manager on earth. You can bet that if the right target came along with the right assets/cash flow, Ninepoint would be more than happy to increase the size of that facility if they aren’t able to secure some seller's financing. If we assume a slight liquidity discount on a PrivateCo acquisition, $20M at 3x EV/EBITDA could buy around $6-7M of incremental EBITDA, effectively doubling the “cash flow” of the company before considering any synergies. Prospect of cross-selling new rental equipment would be high. If something like this came to pass and they grew to a $15M EBITDA business, there would undoubtedly be a whole new supply of small institutions that would be interested and could be an attractive buyout candidate for private equity, who they’re currently competing with for acquisitions. Risk Commodity Risk: This being the most obvious risk to the company. If we were to go back to the dark ages (2014-2021), there would be a material impact on Enterprise financials. I believe commodity risk for Enterprise is mitigated for 3 reasons:
No doubt we are entering a period of uncertainty, with global liquidity being reduced and the risk of recession on the horizon. I think this should be viewed in two ways:
Summary
I own shares in Enterprise. This is not financial advise. Please do your own due diligence. |
2023.03.25 03:10 BadTakeBrian Enterprise Group ($E.TO, $ETOLF.OTC): Cash Flow Machine, Deep Value, Squeeze Potential
![]() | Intro submitted by BadTakeBrian to 10xPennyStocks [link] [comments] I should start by saying that the search for a company like Enterprise began under the following pretense: I have a bearish view of where I think broad markets are going by the end of 2023 and wanted somewhere to hide out while still maintaining the potential to double my investment under any broad market scenario. Enterprise Group fits that bill. The Company is a niche energy service company that provides site infrastructure services to remote western Canadian production sites for pipelines, construction and oil and gas sectors in western Canada. I believe Enterprise is a fantastic and deeply overlooked company fit for retail investors (like me) who have the ability to enter a position ahead of institutions catching hold of the name. The core thesis on Enterprise is: - Low correlation to broad markets - High growth and 30% cash flow yield - Healthy balance sheet providing ~$20M in dry powder for potential non-dilutive M&A - Share buyback in place to support stock - Unique low-emission fleet of equipment to grow market share - Structural market expansion History Enterprise was founded in 2004, though as it stands today, is a much leaner and higher growth business compared to what it was in the last bull market for energy in 2008-2014. Where many competitors went out of business during the bear market between 2014-2021, Enterprise wisely divested from lower margin business units, preserved its balance sheet and due to its unique fleet of equipment – was able to maintain cash flow positive during this time. M&A is part of the corporate DNA of Enterprise and has had a successful track record on that front. While others were still reeling from previous years downturn or still trying to repair their balance sheets in 2020/2021, Enterprise was able to utilize the strength of its balance sheet and positive cash flows to countercyclically invest into new business units to position themselves for the eventual return of energy markets we are now experiencing. A great example of this is the launch of Evolution Power in 2022, which offers a fleet of low-emission microgrids that power the entire production site with natural gas, replacing diesel generators. In doing so, EP reduces CO2 emissions by 30%, gives Enterprise higher margins, is safer and more efficient for the customer. As one of the few “green options” in the energy sector, they are becoming the first choice for larger oil and gas clients subject to Canada’s “heavy emitter” penalties. Market The large majority of Enterprise’s sales are derived from western Canadian energy producers, with a greater share of natural gas producers compared to oil producers within its book of clients. Though Enterprise profits have less commodity risk than their actual producing clients, the Company nevertheless is derivatively exposed to energy prices (though I believe there are some factors that reduce the correlation that I will get into later). After years of producers not investing into large exploration projects due to ESG mandates, regulations and low prices, the outlook on energy markets looks extremely promising for producers and has already begun to see a notable uptick in production levels that are expected to continue for a market that looks undersupplied in years ahead. More specifically to Enterprise’s western Canadian market, there are some very visible demand drivers on the horizon based on new pipeline capacity that provide a near certain increase in demand for services like Enterprise. This demand is structured within tens of billions of dollars of sunk infrastructure capital to provide a roadmap of oil and gas (mostly gas) production expansion in western Canada. Beginning in 2023 with the completion of NGTL network expansion (gas) and TMX pipeline (oil), there will continue to be major new export capacity to come online nearly every year this decade, with recent first nations LNG projects advancing on the west coast. For Canadian gas producers, the pipelines will allow them to access higher priced Asian markets, where prices are often multiples of those received in Canada or the US. You can bet there is going to be prompt increases to production to ship whatever they can to those markets, given the preferred economics. Financials Enterprise just recently released their full year 2022 financials March 20, 2023, where they posted fantastic results. Rather than do a deep dive into financials today, will simply share some important highlights and suggest reviewing their financials below: (https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020838) https://preview.redd.it/ymc70id9nspa1.png?width=1080&format=png&auto=webp&s=26955ea33a9149480d2629bea8fa7f8f0c7acb48 Additional items: - Bought back 1.8M shares in 2022 - Secured US OTC listing to increase access to US investors - Renewed buyback program - Available tax losses of $0.17/share - Purchased $5.6M of new equipment - Subsequently signed one of largest contracts in company history in Jan 2023 Share Structure Enterprise currently has 50.3M shares outstanding, with another 5M options exercisable at $0.45. Notably, management/board were buyers in the open market over the last few years and now hold over 40% of all shares outstanding. This is where I think it gets uniquely attractive for us retail investors. Since the last energy cycle, nearly all of the research analysts that covered the sector have moved on, meaning the few analysts left covering the space are focused on large-cap players and there are none covering companies the size of Enterprise. There is a window for retail to build a position in a hugely profitable company with a tight share structure subject to a potential squeeze before institutions begin to take notice. Finally – and maybe most importantly – 2022 saw a unique trading dynamic occur due to a large shareholder selling down their position. This shareholder accidentally accumulated a >10% ownership position, unknowingly triggering a requirement to file any purchase/sale of stock (see sedi filings to confirm). That shareholder then spent the entire year reducing their position below 10% but because there was not a large float of shares trading hands, effectively put a ceiling on the stock the entire year and single-handedly compressed the multiple. This does not appear to have been done with ill intent but explains why the stock bounced between a floor of around $0.38 (supported by the buyback) and $0.42 (where the shareholder was selling) despite everything going right for the company operationally. In January, the company bought back the final tranche of shares needed to get that shareholder below the 10% threshold, thereby clearing the way for share price to better track the improving cash flow of the company. Valuation Enterprise is currently trading at a deeply discounted valuation and historically low multiple, which is ironic considering this may be the best market they've ever operated in. As a particular point of reference, a comparison below for the 2020-2022 periods for EV/EBITDA and some other metrics that could influence the deserved multiple such as growth, profitability, and credit risk. I’ve also already listed a few reasons to be bullish on their future market (pipelines coming online beginning this year), which is consistent with management’s outlook from their MD&A that “…customers have indicated they will continue to operate at increased activities through the remainder of the year”. Though a 10-11x multiple shouldn't be expected moving forward, you can see the impact of having a large shareholder exiting with a small float and how a lack of share price movement can lose investor attention. Over the course of a year, Enterprise added over $5M in EBITDA (+175%) and barely saw its valuation change at all! *2022 year using current share price At a current 4.2x EV/EBITDA, Enterprise is trading far below the 6x it has traded in previous cycles and which seems very reasonable as a base case scenario. It would take very little notional buying for that re-rate to occur and for those able to establish a position at these prices, it would represent a 74% return. https://preview.redd.it/spnyv47dnspa1.png?width=867&format=png&auto=webp&s=652a9ce3e786aa5b88a9c4f8a0ec94d8a9b62aa7 Finally, if Enterprise is seen through a different valuation lens**, the company just released in their earnings that equity holders would be due $0.68/share ($0.39 current share price) if the company simply sold all of their equipment at book value.** Multiple arguments to show that Enterprise is undervalued. Outlook Enterprise has a strong outlook on market fundamentals to support top line growth, increasing pricing power to maintain/increase margins and new revenue potential coming online with equipment additions. Given history of M&A activity, balance sheet flexibility and the fact some targets are still not fully recovered from 2014-2021 period, it would be very surprising if the company did not make one or more acquisitions in the near-future. Management has said as much on their recent twitter spaces interview. Fortunately for equity holders, management does not have to dilute shareholders while its equity remains undervalued. With $20M in unused credit at their disposal (their current market cap), they would have the ability to make a material acquisition without needing any equity at all. Even if they were to make an even larger acquisition, their debt providers are Ninepoint Partners (via Waygar Capital), who are home to none other than Eric Nuttall, who is the largest and most bullish energy fund manager on earth. You can bet that if the right target came along with the right assets/cash flow, Ninepoint would be more than happy to increase the size of that facility if they aren’t able to secure some seller's financing. If we assume a slight liquidity discount on a PrivateCo acquisition, $20M at 3x EV/EBITDA could buy around $6-7M of incremental EBITDA, effectively doubling the “cash flow” of the company before considering any synergies. Prospect of cross-selling new rental equipment would be high. If something like this came to pass and they grew to a $15M EBITDA business, there would undoubtedly be a whole new supply of small institutions that would be interested and could be an attractive buyout candidate for private equity, who they’re currently competing with for acquisitions. Risk Commodity Risk: This being the most obvious risk to the company. If we were to go back to the dark ages (2014-2021), there would be a material impact on Enterprise financials. I believe commodity risk for Enterprise is mitigated for 3 reasons:
No doubt we are entering a period of uncertainty, with global liquidity being reduced and the risk of recession on the horizon. I think this should be viewed in two ways:
Summary
I own shares in Enterprise. This is not financial advise. Please do your own due diligence. |
2023.03.25 03:06 TurnCompetitive2608 So Poor JJ's colonoscopy showed he had a descended stomach and that he's not fat. Here's how to correct it. He definitely needs to do all 7
![]() | submitted by TurnCompetitive2608 to keepingupwithRebecca [link] [comments] |
2023.03.25 03:04 TurnCompetitive2608 Well Jerky's poor stomach, looks like he needs to do 1-7
![]() | submitted by TurnCompetitive2608 to rebeccaandjerry [link] [comments] |
2023.03.25 02:58 BadTakeBrian Enterprise Group ($E.TO, $ETOLF.OTC): Cash Flow Machine, Deep Value, Squeeze Potential
![]() | Intro submitted by BadTakeBrian to PennyHaven [link] [comments] I should start by saying that the search for a company like Enterprise began under the following pretense: I have a bearish view of where I think broad markets are going by the end of 2023 and wanted somewhere to hide out while still maintaining the potential to double my investment under any broad market scenario. Enterprise Group fits that bill. The Company is a niche energy service company that provides site infrastructure services to remote western Canadian production sites for pipelines, construction and oil and gas sectors in western Canada. I believe Enterprise is a fantastic and deeply overlooked company fit for retail investors (like me) who have the ability to enter a position ahead of institutions catching hold of the name. The core thesis on Enterprise is: - Low correlation to broad markets - High growth and 30% cash flow yield - Healthy balance sheet providing ~$20M in dry powder for potential non-dilutive M&A - Share buyback in place to support stock - Unique low-emission fleet of equipment to grow market share - Structural market expansion History Enterprise was founded in 2004, though as it stands today, is a much leaner and higher growth business compared to what it was in the last bull market for energy in 2008-2014. Where many competitors went out of business during the bear market between 2014-2021, Enterprise wisely divested from lower margin business units, preserved its balance sheet and due to its unique fleet of equipment – was able to maintain cash flow positive during this time. M&A is part of the corporate DNA of Enterprise and has had a successful track record on that front. While others were still reeling from previous years downturn or still trying to repair their balance sheets in 2020/2021, Enterprise was able to utilize the strength of its balance sheet and positive cash flows to countercyclically invest into new business units to position themselves for the eventual return of energy markets we are now experiencing. A great example of this is the launch of Evolution Power in 2022, which offers a fleet of low-emission microgrids that power the entire production site with natural gas, replacing diesel generators. In doing so, EP reduces CO2 emissions by 30%, gives Enterprise higher margins, is safer and more efficient for the customer. As one of the few “green options” in the energy sector, they are becoming the first choice for larger oil and gas clients subject to Canada’s “heavy emitter” penalties. Market The large majority of Enterprise’s sales are derived from western Canadian energy producers, with a greater share of natural gas producers compared to oil producers within its book of clients. Though Enterprise profits have less commodity risk than their actual producing clients, the Company nevertheless is derivatively exposed to energy prices (though I believe there are some factors that reduce the correlation that I will get into later). After years of producers not investing into large exploration projects due to ESG mandates, regulations and low prices, the outlook on energy markets looks extremely promising for producers and has already begun to see a notable uptick in production levels that are expected to continue for a market that looks undersupplied in years ahead. More specifically to Enterprise’s western Canadian market, there are some very visible demand drivers on the horizon based on new pipeline capacity that provide a near certain increase in demand for services like Enterprise. This demand is structured within tens of billions of dollars of sunk infrastructure capital to provide a roadmap of oil and gas (mostly gas) production expansion in western Canada. Beginning in 2023 with the completion of NGTL network expansion (gas) and TMX pipeline (oil), there will continue to be major new export capacity to come online nearly every year this decade, with recent first nations LNG projects advancing on the west coast. For Canadian gas producers, the pipelines will allow them to access higher priced Asian markets, where prices are often multiples of those received in Canada or the US. You can bet there is going to be prompt increases to production to ship whatever they can to those markets, given the preferred economics. Financials Enterprise just recently released their full year 2022 financials March 20, 2023, where they posted fantastic results. Rather than do a deep dive into financials today, will simply share some important highlights and suggest reviewing their financials below: (https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00020838) https://preview.redd.it/2apvhzq3lspa1.png?width=1080&format=png&auto=webp&s=6f98336dfb84cfcc9cc3d75aecd6d4c464593ea9 Additional items: - Bought back 1.8M shares in 2022 - Secured US OTC listing to increase access to US investors - Renewed buyback program - Available tax losses of $0.17/share - Purchased $5.6M of new equipment - Subsequently signed one of largest contracts in company history in Jan 2023 Share Structure Enterprise currently has 50.3M shares outstanding, with another 5M options exercisable at $0.45. Notably, management/board were buyers in the open market over the last few years and now hold over 40% of all shares outstanding. This is where I think it gets uniquely attractive for us retail investors. Since the last energy cycle, nearly all of the research analysts that covered the sector have moved on, meaning the few analysts left covering the space are focused on large-cap players and there are none covering companies the size of Enterprise. There is a window for retail to build a position in a hugely profitable company with a tight share structure subject to a potential squeeze before institutions begin to take notice. Finally – and maybe most importantly – 2022 saw a unique trading dynamic occur due to a large shareholder selling down their position. This shareholder accidentally accumulated a >10% ownership position, unknowingly triggering a requirement to file any purchase/sale of stock (see sedi filings to confirm). That shareholder then spent the entire year reducing their position below 10% but because there was not a large float of shares trading hands, effectively put a ceiling on the stock the entire year and single-handedly compressed the multiple. This does not appear to have been done with ill intent but explains why the stock bounced between a floor of around $0.38 (supported by the buyback) and $0.42 (where the shareholder was selling) despite everything going right for the company operationally. In January, the company bought back the final tranche of shares needed to get that shareholder below the 10% threshold, thereby clearing the way for share price to better track the improving cash flow of the company. Valuation Enterprise is currently trading at a deeply discounted valuation and historically low multiple, which is ironic considering this may be the best market they've ever operated in. As a particular point of reference, a comparison below for the 2020-2022 periods for EV/EBITDA and some other metrics that could influence the deserved multiple such as growth, profitability, and credit risk. I’ve also already listed a few reasons to be bullish on their future market (pipelines coming online beginning this year), which is consistent with management’s outlook from their MD&A that “…customers have indicated they will continue to operate at increased activities through the remainder of the year”. Though a 10-11x multiple shouldn't be expected moving forward, you can see the impact of having a large shareholder exiting with a small float and how a lack of share price movement can lose investor attention. Over the course of a year, Enterprise added over $5M in EBITDA (+175%) and barely saw its valuation change at all! *2022 year using current share price At a current 4.2x EV/EBITDA, Enterprise is trading far below the 6x it has traded in previous cycles and which seems very reasonable as a base case scenario. It would take very little notional buying for that re-rate to occur and for those able to establish a position at these prices, it would represent a 74% return. https://preview.redd.it/nfwcfd2zkspa1.png?width=867&format=png&auto=webp&s=8f214d0505cc1df9f2d87f84c0e4727ed7459c0d Finally, if Enterprise is seen through a different valuation lens**, the company just released in their earnings that equity holders would be due $0.68/share ($0.39 current share price) if the company simply sold all of their equipment at book value.** Multiple arguments to show that Enterprise is undervalued. Outlook Enterprise has a strong outlook on market fundamentals to support top line growth, increasing pricing power to maintain/increase margins and new revenue potential coming online with equipment additions. Given history of M&A activity, balance sheet flexibility and the fact some targets are still not fully recovered from 2014-2021 period, it would be very surprising if the company did not make one or more acquisitions in the near-future. Management has said as much on their recent twitter spaces interview. Fortunately for equity holders, management does not have to dilute shareholders while its equity remains undervalued. With $20M in unused credit at their disposal (their current market cap), they would have the ability to make a material acquisition without needing any equity at all. Even if they were to make an even larger acquisition, their debt providers are Ninepoint Partners (via Waygar Capital), who are home to none other than Eric Nuttall, who is the largest and most bullish energy fund manager on earth. You can bet that if the right target came along with the right assets/cash flow, Ninepoint would be more than happy to increase the size of that facility if they aren’t able to secure some seller's financing. If we assume a slight liquidity discount on a PrivateCo acquisition, $20M at 3x EV/EBITDA could buy around $6-7M of incremental EBITDA, effectively doubling the “cash flow” of the company before considering any synergies. Prospect of cross-selling new rental equipment would be high. If something like this came to pass and they grew to a $15M EBITDA business, there would undoubtedly be a whole new supply of small institutions that would be interested and could be an attractive buyout candidate for private equity, who they’re currently competing with for acquisitions. Risk Commodity Risk: This being the most obvious risk to the company. If we were to go back to the dark ages (2014-2021), there would be a material impact on Enterprise financials. I believe commodity risk for Enterprise is mitigated for 3 reasons:
No doubt we are entering a period of uncertainty, with global liquidity being reduced and the risk of recession on the horizon. I think this should be viewed in two ways:
Summary
I own shares in Enterprise. This is not financial advise. Please do your own due diligence. |
2023.03.25 02:52 gonemad16 First attempt: George Dates a driving instructor but can't decipher if they're dating or she's giving lessons. Kramer goes to the cinema just for the popcorn.
2023.03.25 02:48 ElectronicLine8341 So nice impressive portrait
![]() | submitted by ElectronicLine8341 to StableDiffusion [link] [comments] https://preview.redd.it/n9y91ji3jspa1.png?width=512&format=png&auto=webp&s=b41caa57d505683e49808c5a54144856106ef0c4 one girl, solo, 4k, high-res, best quality, finely detailed skin, sharp focus, ,[:(detailed face:0.8):0.2], Negative prompt: EasyNegative ng_deepnegative_v1_75t Steps: 20, Sampler: Euler a, CFG scale: 7, Seed: 113034847, Face restoration: CodeFormer, Size: 512x768, Model hash: 6a21b428a3, Model: protogenX58RebuiltScifi_10, ENSD: 31337, Discard penultimate sigma: True, Eta: 0.0 |
2023.03.25 02:41 YouAreOnFireMark My favorite card from my PSA order is this gold Ohtani from 2022 Series 1. I pulled it while I was opening a blaster with my girlfriend and my dad and I put it aside to get graded one day. It came back a 10! Cards with a special story are the best.
![]() | submitted by YouAreOnFireMark to baseballcards [link] [comments] |
2023.03.25 02:30 wtfwafflezor (Selling) 800 Titles King Richard (MA/HD) $2 Dune (MA/HD) $2
2023.03.25 02:24 Juanox78 [WTS] 👍👍"📍Mercadillo Store📍"👍👍 ▶️ UPGRADES 👉 Scorpius TO 400i $14 Scorpius TO Apollo Triage $14 Scorpius TO Ares Ion/Inferno $14 Scorpius TO Corsair $14 Scorpius TO Mercury $25 Mole TO Redeemer $14 ▶️ many more UPGRADES & SHIPS inside! 💲PAYPAL AND CRYPTO ACCEPTED HERE💲
SHIP | Insurance - Attributes | Price | Availability |
---|---|---|---|
SPARTAN | OC - LTI | $90 | ✔️ YES |
NOMAD | OC - LTI | $90 | ✔️ YES |
HOVERQUAD | OC - LTI | $55 | ✔️ YES |
STV | OC - LTI | $65 | ✔️ YES |
CUTTER | OC - LTI | $70 | ✔️ YES |
SCORPIUS | CCU'ed - LTI | $200 | ✔️ YES |
CORSAIR | CCU'ed - LTI | $200 | ✔️ YES |
MERCURY BIS 2952 | CCU'ed - LTI | $220 | ✔️ YES |
CARRACK BIS 2952 | CCU'ed - LTI | $420 | ✔️ YES |
GLAIVE | CCU'ed - LTI | $320 | ✔️ YES |
RECLAIMER | CCU'ed - LTI | $310 | ✔️ YES |
C2 HERCULES | CCU'ed - LTI | $340 | ✔️ YES |
FROM | Ships | Includes | Game | Insurance | Price |
---|---|---|---|---|---|
PACKAGE - UEE EXPLORATION 2948 PACK | TERRAPIN - CARRACK - FREELANCER DUR - DRAGONFLY BLACK - CYCLONE RN | - VFG Industrial Hangar - 20,000 UEC | - Star Citizen - Squadron 42 | - LTI | $740 (only crypto) |
PACKAGE - ENTREPRENEUR PACK | PROSPECTOR - VULCAN - VULTURE - HULL B - URSA ROVER | - VFG Industrial Hangar - 20,000 UEC | - Star Citizen - Squadron 42 | - LTI | $670 (only crypto) |
FROM | 📌 | TO 👇 | Price | Availability |
---|---|---|---|---|
Aurora MR | ➡️ | MPUV C | $9 | ✔️ YES |
Mustang Alpha | ➡️ | MPUV C | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Aurora MR | ➡️ | Ranger CV | $9 | ✔️ YES |
HoverQuad | ➡️ | Ranger CV | $9 | ✔️ YES |
Mustang Alpha | ➡️ | Ranger CV | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Aurora MR | ➡️ | Ranger RC | $9 | ✔️ YES |
HoverQuad | ➡️ | Ranger RC | $9 | ✔️ YES |
Mustang Alpha | ➡️ | Ranger RC | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Aurora LX | ➡️ | Ranger TR | $9 | ✔️ YES |
P-72 Archimedes | ➡️ | Ranger TR | $9 | ✔️ YES |
Ranger CV | ➡️ | Ranger TR | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Dragonfly Black | ➡️ | Nox | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Dragonfly Black | ➡️ | X1 Velocity | $9 | ✔️ YES |
Dragonfly Yellowjacket | ➡️ | X1 Velocity | $9 | ✔️ YES |
Mustang Beta | ➡️ | X1 Velocity | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Aurora CL | ➡️ | X1 Force | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Ursa Rover | ➡️ | Ursa Rover Fortuna | $19 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cyclone | ➡️ | Cyclone RC | $14 | ✔️ YES |
125a | ➡️ | Cyclone RC | $9 | ✔️ YES |
300i | ➡️ | Cyclone RC | $9 | ✔️ YES |
Avenger Stalker | ➡️ | Cyclone RC | $9 | 🔥 2 Left! |
Avenger Stalker | ➡️ | Cyclone RC | $9 | ✔️ YES |
Cyclone | ➡️ | Cyclone RN | $14 | ✔️ YES |
300i | ➡️ | Cyclone RN | $9 | ✔️ YES |
Avenger Stalker | ➡️ | Cyclone RN | $9 | 🔥 2 Left! |
Avenger Stalker | ➡️ | Cyclone RN | $9 | ✔️ YES |
Ursa Rover | ➡️ | Cyclone TR | $19 | 🔥 Last one! |
Cyclone | ➡️ | Cyclone TR | $14 | 🔥 2 Left! |
300i | ➡️ | Cyclone TR | $9 | ✔️ YES |
Avenger Stalker | ➡️ | Cyclone TR | $9 | ✔️ YES |
Avenger Stalker | ➡️ | Cyclone TR | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Ursa Rover | ➡️ | Mustang Delta | $19 | 🔥 Last one! |
Cyclone | ➡️ | Mustang Delta | $14 | 🔥 2 Left! |
Mustang Gamma | ➡️ | Mustang Delta | $14 | 🔥 2 Left! |
- | 📌 | TO 👇 | ||
Ursa Rover | ➡️ | Avenger Titan Renegade | $30 | 🔥 Last one! |
325a | ➡️ | Avenger Titan Renegade | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
325a | ➡️ | Cyclone MT | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
325a | ➡️ | Reliant Tana | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cyclone | ➡️ | Cyclone AA | $30 | 🔥 Last one! |
325a | ➡️ | Cyclone AA | $14 | ✔️ YES |
Arrow | ➡️ | Cyclone AA | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
300i | ➡️ | Spartan | $25 | ✔️ YES |
G12 | ➡️ | Spartan | $25 | 🔥 Last one! |
G12r | ➡️ | Spartan | $25 | 🔥 Last one! |
Arrow | ➡️ | Spartan | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Nomad | ➡️ | Avenger Warlock | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Arrow | ➡️ | Herald | $14 | 🔥 2 Left! |
Nomad | ➡️ | Herald | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Arrow | ➡️ | Reliant Sen | $14 | ✔️ YES |
Arrow | ➡️ | Reliant Sen | $14 | ✔️ YES |
Nomad | ➡️ | Reliant Sen | $9 | ✔️ YES |
Spartan | ➡️ | Reliant Sen | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cyclone AA | ➡️ | Reliant Mako | $19 | ✔️ YES |
Gladius | ➡️ | Reliant Mako | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cyclone AA | ➡️ | Hawk | $25 | ✔️ YES |
Gladius | ➡️ | Hawk | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Herald | ➡️ | M50 | $19 | 🔥 Last one! |
Reliant Sen | ➡️ | M50 | $19 | ✔️ YES |
Gladius | ➡️ | M50 | $14 | ✔️ YES |
Hull A | ➡️ | M50 | $14 | ✔️ YES |
Reliant Mako | ➡️ | M50 | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Gladius | ➡️ | Buccaneer | $25 | ✔️ YES |
Cutlass Black | ➡️ | Buccaneer | $14 | ✔️ YES |
Hawk | ➡️ | Buccaneer | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cutlass Black | ➡️ | C1 Spirit | $14 | ✔️ YES |
Hawk | ➡️ | C1 Spirit | $14 | ✔️ YES |
M50 | ➡️ | C1 Spirit | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Gladius | ➡️ | Talon | $30 | ✔️ YES |
Reliant Mako | ➡️ | Talon | $25 | ✔️ YES |
- | 📌 | TO 👇 | ||
Arrow | ➡️ | Talon Shrike | $46 | ✔️ YES |
Gladius | ➡️ | Talon Shrike | $30 | ✔️ YES |
Reliant Mako | ➡️ | Talon Shrike | $25 | ✔️ YES |
- | 📌 | TO 👇 | ||
Freelancer | ➡️ | Legionnaire | $14 | ✔️ YES |
Talon | ➡️ | Legionnaire | $9 | ✔️ YES |
Talon Shrike | ➡️ | Legionnaire | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cutlass Black | ➡️ | Nova | $25 | ✔️ YES |
M50 | ➡️ | Nova | $25 | 🔥 2 Left! |
Freelancer | ➡️ | Nova | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
F7C Hornet | ➡️ | 350r | $19 | ✔️ YES |
Freelancer | ➡️ | 350r | $19 | ✔️ YES |
Talon | ➡️ | 350r | $14 | ✔️ YES |
Talon Shrike | ➡️ | 350r | $14 | ✔️ YES |
Nova | ➡️ | 350r | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cyclone AA | ➡️ | Hull B | $67 | ✔️ YES |
Reliant Sen | ➡️ | Hull B | $62 | ✔️ YES |
Cutlass Red | ➡️ | Hull B | $9 | ✔️ YES |
Freelancer DUR | ➡️ | Hull B | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
F7C-R Hornet Tracker | ➡️ | Razor | $9 | ✔️ YES |
Hull B | ➡️ | Razor | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Ballista | ➡️ | E1 Spirit | $14 | ✔️ YES |
F7C-R Hornet Tracker | ➡️ | E1 Spirit | $14 | ✔️ YES |
Razor | ➡️ | E1 Spirit | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
F7C-R Hornet Tracker | ➡️ | Expanse | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
F7C-R Hornet Tracker | ➡️ | Razor LX | $14 | ✔️ YES |
Razor | ➡️ | Razor LX | $9 | 🔥 Last one! |
- | 📌 | TO 👇 | ||
F7C-R Hornet Tracker | ➡️ | Retaliator | $14 | ✔️ YES |
Razor | ➡️ | Retaliator | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Freelancer DUR | ➡️ | SRV | $19 | ✔️ YES |
F7C-R Hornet Tracker | ➡️ | SRV | $14 | ✔️ YES |
Vulture | ➡️ | SRV | $14 | ✔️ YES |
Razor | ➡️ | SRV | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Freelancer MAX | ➡️ | Razor EX | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Gladiator | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Hull B | ➡️ | Khartu-Al | $35 | ✔️ YES |
Prospector | ➡️ | Khartu-Al | $19 | ✔️ YES |
Gladiator | ➡️ | Khartu-Al | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Vulture | ➡️ | Sabre | $35 | ✔️ YES |
Freelancer MAX | ➡️ | Sabre | $25 | 🔥 2 Left! |
Razor LX | ➡️ | Sabre | $25 | ✔️ YES |
Prospector | ➡️ | Sabre | $19 | ✔️ YES |
Gladiator | ➡️ | Sabre | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | A1 Spirit | $25 | ✔️ YES |
Gladiator | ➡️ | A1 Spirit | $14 | ✔️ YES |
Khartu-Al | ➡️ | A1 Spirit | $9 | ✔️ YES |
Sabre | ➡️ | A1 Spirit | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cutlass Red | ➡️ | Cutlass Blue | $46 | ✔️ YES |
F7C-R Hornet Tracker | ➡️ | Cutlass Blue | $40 | 🔥 Last one! |
Prospector | ➡️ | Cutlass Blue | $25 | ✔️ YES |
Sabre | ➡️ | Cutlass Blue | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | F7C Hornet Wildfire | $25 | ✔️ YES |
Razor EX | ➡️ | F7C Hornet Wildfire | $25 | ✔️ YES |
Gladiator | ➡️ | F7C Hornet Wildfire | $14 | ✔️ YES |
Khartu-Al | ➡️ | F7C Hornet Wildfire | $9 | ✔️ YES |
Sabre | ➡️ | F7C Hornet Wildfire | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Vulture | ➡️ | Freelancer MIS | $40 | ✔️ YES |
E1 Spirit | ➡️ | Freelancer MIS | $30 | ✔️ YES |
Prospector | ➡️ | Freelancer MIS | $25 | ✔️ YES |
Razor EX | ➡️ | Freelancer MIS | $25 | ✔️ YES |
Gladiator | ➡️ | Freelancer MIS | $14 | ✔️ YES |
Khartu-Al | ➡️ | Freelancer MIS | $9 | ✔️ YES |
Sabre | ➡️ | Freelancer MIS | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cutlass Red | ➡️ | F7C-M Super Hornet | $51 | 🔥 2 Left! |
Vulture | ➡️ | F7C-M Super Hornet | $46 | 🔥 2 Left! |
Prospector | ➡️ | F7C-M Super Hornet | $30 | ✔️ YES |
Razor EX | ➡️ | F7C-M Super Hornet | $30 | ✔️ YES |
Gladiator | ➡️ | F7C-M Super Hornet | $19 | ✔️ YES |
Khartu-Al | ➡️ | F7C-M Super Hornet | $14 | ✔️ YES |
Sabre | ➡️ | F7C-M Super Hornet | $14 | ✔️ YES |
A1 Spirit | ➡️ | F7C-M Super Hornet | $9 | ✔️ YES |
Cutlass Blue | ➡️ | F7C-M Super Hornet | $9 | ✔️ YES |
F7C Hornet Wildfire | ➡️ | F7C-M Super Hornet | $9 | ✔️ YES |
Freelancer MIS | ➡️ | F7C-M Super Hornet | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Sabre Comet | $35 | ✔️ YES |
F7C-M Super Hornet | ➡️ | Sabre Comet | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | F7C-M Super Hornet Heartseeker | $46 | ✔️ YES |
Sabre | ➡️ | F7C-M Super Hornet Heartseeker | $30 | ✔️ YES |
Freelancer MIS | ➡️ | F7C-M Super Hornet Heartseeker | $25 | ✔️ YES |
F7C-M Super Hornet | ➡️ | F7C-M Super Hornet Heartseeker | $19 | ✔️ YES |
Sabre Comet | ➡️ | F7C-M Super Hornet Heartseeker | $14 | ✔️ YES |
Constellation Taurus | ➡️ | F7C-M Super Hornet Heartseeker | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Hurricane | $46 | ✔️ YES |
Sabre | ➡️ | Hurricane | $30 | ✔️ YES |
Cutlass Blue | ➡️ | Hurricane | $25 | ✔️ YES |
F7C-M Super Hornet | ➡️ | Hurricane | $19 | ✔️ YES |
Constellation Taurus | ➡️ | Hurricane | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Cutlass Blue | ➡️ | Vulcan | $30 | ✔️ YES |
Freelancer MIS | ➡️ | Vulcan | $30 | ✔️ YES |
Constellation Taurus | ➡️ | Vulcan | $14 | ✔️ YES |
F7C-M Super Hornet Heartseeker | ➡️ | Vulcan | $9 | ✔️ YES |
Hurricane | ➡️ | Vulcan | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Defender | $72 | ✔️ YES |
Khartu-Al | ➡️ | Defender | $56 | ✔️ YES |
Sabre | ➡️ | Defender | $56 | ✔️ YES |
Cutlass Blue | ➡️ | Defender | $51 | ✔️ YES |
Freelancer MIS | ➡️ | Defender | $51 | ✔️ YES |
F7C-M Super Hornet | ➡️ | Defender | $46 | ✔️ YES |
Sabre Comet | ➡️ | Defender | $40 | ✔️ YES |
Constellation Taurus | ➡️ | Defender | $35 | ✔️ YES |
F7C-M Super Hornet Heartseeker | ➡️ | Defender | $30 | ✔️ YES |
Hurricane | ➡️ | Defender | $30 | ✔️ YES |
Vulcan | ➡️ | Defender | $25 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Taurus | ➡️ | San'tok.yāi | $35 | ✔️ YES |
Hurricane | ➡️ | San'tok.yāi | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
Freelancer MIS | ➡️ | Terrapin | $51 | ✔️ YES |
Constellation Taurus | ➡️ | Terrapin | $35 | ✔️ YES |
F7C-M Super Hornet Heartseeker | ➡️ | Terrapin | $30 | ✔️ YES |
Hurricane | ➡️ | Terrapin | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Railen | $77 | ✔️ YES |
Constellation Taurus | ➡️ | Railen | $40 | ✔️ YES |
Vulcan | ➡️ | Railen | $30 | ✔️ YES |
Defender | ➡️ | Railen | $9 | ✔️ YES |
San'tok.yāi | ➡️ | Railen | $9 | 🔥 Last one! |
Terrapin | ➡️ | Railen | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Taurus | ➡️ | Cutlass Steel | $51 | ✔️ YES |
Defender | ➡️ | Cutlass Steel | $19 | 🔥 2 Left! |
Terrapin | ➡️ | Cutlass Steel | $19 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Taurus | ➡️ | Vanguard Hoplite | $51 | ✔️ YES |
Railen | ➡️ | Vanguard Hoplite | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Scorpius | $93 | ✔️ YES |
Sabre | ➡️ | Scorpius | $77 | ✔️ YES |
Freelancer MIS | ➡️ | Scorpius | $72 | ✔️ YES |
F7C-M Super Hornet | ➡️ | Scorpius | $67 | ✔️ YES |
Sabre Comet | ➡️ | Scorpius | $62 | 🔥 2 Left! |
Constellation Taurus | ➡️ | Scorpius | $56 | ✔️ YES |
Defender | ➡️ | Scorpius | $25 | ✔️ YES |
Defender | ➡️ | Scorpius | $25 | ✔️ YES |
Cutlass Steel | ➡️ | Scorpius | $9 | ✔️ YES |
Vanguard Hoplite | ➡️ | Scorpius | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Taurus | ➡️ | 400i | $67 | ✔️ YES |
Terrapin | ➡️ | 400i | $35 | ✔️ YES |
Railen | ➡️ | 400i | $30 | 🔥 Last one! |
Vanguard Hoplite | ➡️ | 400i | $19 | ✔️ YES |
Constellation Andromeda | ➡️ | 400i | $14 | ✔️ YES |
Scorpius | ➡️ | 400i | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Vulture | ➡️ | Apollo Triage | $120 | ✔️ YES |
Prospector | ➡️ | Apollo Triage | $104 | ✔️ YES |
Hurricane | ➡️ | Apollo Triage | $62 | ✔️ YES |
Vulcan | ➡️ | Apollo Triage | $56 | ✔️ YES |
Defender | ➡️ | Apollo Triage | $35 | 🔥 2 Left! |
Terrapin | ➡️ | Apollo Triage | $35 | ✔️ YES |
Vanguard Hoplite | ➡️ | Apollo Triage | $19 | ✔️ YES |
Constellation Andromeda | ➡️ | Apollo Triage | $14 | ✔️ YES |
Scorpius | ➡️ | Apollo Triage | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Ares Inferno | $104 | ✔️ YES |
Sabre | ➡️ | Ares Inferno | $88 | ✔️ YES |
Freelancer MIS | ➡️ | Ares Inferno | $83 | ✔️ YES |
F7C-M Super Hornet | ➡️ | Ares Inferno | $77 | ✔️ YES |
Sabre Comet | ➡️ | Ares Inferno | $72 | ✔️ YES |
Constellation Taurus | ➡️ | Ares Inferno | $67 | ✔️ YES |
F7C-M Super Hornet Heartseeker | ➡️ | Ares Inferno | $62 | ✔️ YES |
Vulcan | ➡️ | Ares Inferno | $56 | ✔️ YES |
Constellation Andromeda | ➡️ | Ares Inferno | $14 | ✔️ YES |
Scorpius | ➡️ | Ares Inferno | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Prospector | ➡️ | Ares Ion | $104 | ✔️ YES |
Sabre | ➡️ | Ares Ion | $88 | ✔️ YES |
Freelancer MIS | ➡️ | Ares Ion | $83 | ✔️ YES |
F7C-M Super Hornet | ➡️ | Ares Ion | $77 | ✔️ YES |
Sabre Comet | ➡️ | Ares Ion | $72 | ✔️ YES |
Constellation Taurus | ➡️ | Ares Ion | $67 | ✔️ YES |
F7C-M Super Hornet Heartseeker | ➡️ | Ares Ion | $62 | ✔️ YES |
Vulcan | ➡️ | Ares Ion | $56 | ✔️ YES |
Constellation Andromeda | ➡️ | Ares Ion | $14 | ✔️ YES |
Scorpius | ➡️ | Ares Ion | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Freelancer MIS | ➡️ | Corsair | $83 | 🔥 Last one! |
Sabre Comet | ➡️ | Corsair | $72 | 🔥 Last one! |
F7C-M Super Hornet Heartseeker | ➡️ | Corsair | $62 | 🔥 Last one! |
Defender | ➡️ | Corsair | $35 | ✔️ YES |
Terrapin | ➡️ | Corsair | $35 | ✔️ YES |
Constellation Andromeda | ➡️ | Corsair | $14 | ✔️ YES |
Scorpius | ➡️ | Corsair | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Vulture | ➡️ | Mercury | $130 | ✔️ YES |
Sabre | ➡️ | Mercury | $99 | ✔️ YES |
Sabre Comet | ➡️ | Mercury | $83 | ✔️ YES |
F7C-M Super Hornet Heartseeker | ➡️ | Mercury | $72 | ✔️ YES |
Hurricane | ➡️ | Mercury | $72 | ✔️ YES |
San'tok.yāi | ➡️ | Mercury | $46 | 🔥 Last one! |
Terrapin | ➡️ | Mercury | $46 | ✔️ YES |
Cutlass Steel | ➡️ | Mercury | $30 | 🔥 2 Left! |
Vanguard Hoplite | ➡️ | Mercury | $30 | ✔️ YES |
Constellation Andromeda | ➡️ | Mercury | $25 | ✔️ YES |
Scorpius | ➡️ | Mercury | $25 | ✔️ YES |
400i | ➡️ | Mercury | $14 | ✔️ YES |
Ares Inferno | ➡️ | Mercury | $14 | ✔️ YES |
Ares Ion | ➡️ | Mercury | $14 | ✔️ YES |
Corsair | ➡️ | Mercury | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Terrapin | ➡️ | Vanguard Warden | $46 | ✔️ YES |
Vanguard Hoplite | ➡️ | Vanguard Warden | $30 | ✔️ YES |
Constellation Andromeda | ➡️ | Vanguard Warden | $25 | ✔️ YES |
Scorpius | ➡️ | Vanguard Warden | $25 | ✔️ YES |
400i | ➡️ | Vanguard Warden | $14 | ✔️ YES |
Apollo Triage | ➡️ | Vanguard Warden | $14 | ✔️ YES |
Ares Inferno | ➡️ | Vanguard Warden | $14 | ✔️ YES |
Ares Ion | ➡️ | Vanguard Warden | $14 | ✔️ YES |
Corsair | ➡️ | Vanguard Warden | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Hurricane | ➡️ | Apollo Medivac | $88 | ✔️ YES |
Vulcan | ➡️ | Apollo Medivac | $83 | ✔️ YES |
Terrapin | ➡️ | Apollo Medivac | $62 | 🔥 Last one! |
Constellation Andromeda | ➡️ | Apollo Medivac | $40 | ✔️ YES |
Apollo Triage | ➡️ | Apollo Medivac | $30 | ✔️ YES |
Mercury | ➡️ | Apollo Medivac | $19 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Andromeda | ➡️ | Blade | $40 | ✔️ YES |
Vanguard Warden | ➡️ | Blade | $19 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Andromeda | ➡️ | Retaliator Bomber | $40 | ✔️ YES |
Scorpius | ➡️ | Retaliator Bomber | $40 | ✔️ YES |
Ares Ion | ➡️ | Retaliator Bomber | $30 | ✔️ YES |
Corsair | ➡️ | Retaliator Bomber | $30 | ✔️ YES |
Mercury | ➡️ | Retaliator Bomber | $19 | ✔️ YES |
Vanguard Warden | ➡️ | Retaliator Bomber | $19 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Andromeda | ➡️ | Vanguard Sentinel | $40 | ✔️ YES |
Corsair | ➡️ | Vanguard Sentinel | $30 | ✔️ YES |
Mercury | ➡️ | Vanguard Sentinel | $19 | ✔️ YES |
Vanguard Warden | ➡️ | Vanguard Sentinel | $19 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Andromeda | ➡️ | Vanguard Harbinger | $56 | ✔️ YES |
Mercury | ➡️ | Vanguard Harbinger | $35 | ✔️ YES |
Vanguard Warden | ➡️ | Vanguard Harbinger | $35 | ✔️ YES |
Vanguard Sentinel | ➡️ | Vanguard Harbinger | $19 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Andromeda | ➡️ | Eclipse | $67 | ✔️ YES |
Mercury | ➡️ | Eclipse | $46 | ✔️ YES |
Vanguard Warden | ➡️ | Eclipse | $46 | ✔️ YES |
Retaliator Bomber | ➡️ | Eclipse | $30 | ✔️ YES |
Vanguard Sentinel | ➡️ | Eclipse | $30 | ✔️ YES |
Vanguard Harbinger | ➡️ | Eclipse | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Andromeda | ➡️ | Starfarer | $67 | 🔥 2 Left! |
Mercury | ➡️ | Starfarer | $46 | ✔️ YES |
Vanguard Harbinger | ➡️ | Starfarer | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Vanguard Hoplite | ➡️ | Redeemer | $99 | 🔥 Last one! |
Mercury | ➡️ | Redeemer | $72 | ✔️ YES |
Vanguard Warden | ➡️ | Redeemer | $72 | ✔️ YES |
MOLE | ➡️ | Redeemer | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Andromeda | ➡️ | Caterpillar | $99 | ✔️ YES |
400i | ➡️ | Caterpillar | $88 | ✔️ YES |
Mercury | ➡️ | Caterpillar | $77 | ✔️ YES |
Vanguard Warden | ➡️ | Caterpillar | $77 | ✔️ YES |
Retaliator Bomber | ➡️ | Caterpillar | $62 | ✔️ YES |
Vanguard Sentinel | ➡️ | Caterpillar | $62 | ✔️ YES |
Vanguard Harbinger | ➡️ | Caterpillar | $46 | ✔️ YES |
MOLE | ➡️ | Caterpillar | $19 | ✔️ YES |
Redeemer | ➡️ | Caterpillar | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Aquila | ➡️ | Starfarer Gemini | $35 | ✔️ YES |
MOLE | ➡️ | Starfarer Gemini | $30 | ✔️ YES |
Caterpillar | ➡️ | Starfarer Gemini | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Starfarer Gemini | ➡️ | Crucible | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
MOLE | ➡️ | Endeavor | $40 | ✔️ YES |
Redeemer | ➡️ | Endeavor | $30 | ✔️ YES |
Caterpillar | ➡️ | Endeavor | $25 | ✔️ YES |
Starfarer Gemini | ➡️ | Endeavor | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Starfarer Gemini | ➡️ | Glaive | $35 | ✔️ YES |
- | 📌 | TO 👇 | ||
Vanguard Hoplite | ➡️ | Hull C | $125 | ✔️ YES |
Constellation Andromeda | ➡️ | Hull C | $120 | ✔️ YES |
Mercury | ➡️ | Hull C | $99 | ✔️ YES |
MOLE | ➡️ | Hull C | $40 | ✔️ YES |
Caterpillar | ➡️ | Hull C | $25 | ✔️ YES |
Starfarer Gemini | ➡️ | Hull C | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
Vanguard Harbinger | ➡️ | Valkyrie | $93 | ✔️ YES |
Constellation Aquila | ➡️ | Valkyrie | $72 | ✔️ YES |
MOLE | ➡️ | Valkyrie | $67 | ✔️ YES |
Redeemer | ➡️ | Valkyrie | $56 | ✔️ YES |
Caterpillar | ➡️ | Valkyrie | $51 | ✔️ YES |
Starfarer Gemini | ➡️ | Valkyrie | $40 | ✔️ YES |
Constellation Phoenix | ➡️ | Valkyrie | $30 | ✔️ YES |
Crucible | ➡️ | Valkyrie | $30 | ✔️ YES |
Endeavor | ➡️ | Valkyrie | $30 | ✔️ YES |
Hull C | ➡️ | Valkyrie | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
MOLE | ➡️ | Galaxy | $72 | ✔️ YES |
Starfarer Gemini | ➡️ | Galaxy | $46 | ✔️ YES |
Hull C | ➡️ | Galaxy | $35 | ✔️ YES |
Valkyrie | ➡️ | Galaxy | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
MOLE | ➡️ | C2 Hercules | $93 | ✔️ YES |
Starfarer Gemini | ➡️ | C2 Hercules | $67 | ✔️ YES |
Glaive | ➡️ | C2 Hercules | $56 | ✔️ YES |
Valkyrie | ➡️ | C2 Hercules | $30 | ✔️ YES |
Galaxy | ➡️ | C2 Hercules | $25 | ✔️ YES |
- | 📌 | TO 👇 | ||
MOLE | ➡️ | Genesis | $93 | ✔️ YES |
Valkyrie | ➡️ | Genesis | $30 | 🔥 2 Left! |
- | 📌 | TO 👇 | ||
Constellation Aquila | ➡️ | Reclaimer | $99 | ✔️ YES |
MOLE | ➡️ | Reclaimer | $93 | ✔️ YES |
Valkyrie | ➡️ | Reclaimer | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Aquila | ➡️ | 600i Touring | $136 | ✔️ YES |
Valkyrie | ➡️ | 600i Touring | $67 | ✔️ YES |
Valkyrie Liberator Edition | ➡️ | 600i Touring | $67 | 🔥 Last one! |
C2 Hercules | ➡️ | 600i Touring | $40 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Aquila | ➡️ | Prowler | $141 | ✔️ YES |
Valkyrie | ➡️ | Prowler | $72 | ✔️ YES |
C2 Hercules | ➡️ | Prowler | $46 | ✔️ YES |
Reclaimer | ➡️ | Prowler | $46 | ✔️ YES |
600i Touring | ➡️ | Prowler | $9 | ✔️ YES |
- | 📌 | TO 👇 | ||
Starfarer Gemini | ➡️ | Hull D | $120 | ✔️ YES |
Prowler | ➡️ | Hull D | $14 | ✔️ YES |
- | 📌 | TO 👇 | ||
C2 Hercules | ➡️ | 600i Explorer | $83 | ✔️ YES |
600i Touring | ➡️ | 600i Explorer | $46 | ✔️ YES |
Prowler | ➡️ | 600i Explorer | $40 | ✔️ YES |
Hull D | ➡️ | 600i Explorer | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
MOLE | ➡️ | M2 Hercules | $220 | ✔️ YES |
C2 Hercules | ➡️ | M2 Hercules | $130 | ✔️ YES |
Prowler | ➡️ | M2 Hercules | $88 | ✔️ YES |
Hull D | ➡️ | M2 Hercules | $77 | 🔥 Last one! |
600i Explorer | ➡️ | M2 Hercules | $51 | ✔️ YES |
- | 📌 | TO 👇 | ||
M2 Hercules | ➡️ | Liberator | $62 | ✔️ YES |
- | 📌 | TO 👇 | ||
M2 Hercules | ➡️ | Orion | $62 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Aquila | ➡️ | Carrack | $310 | 🔥 2 Left! |
MOLE | ➡️ | Carrack | $305 | 🔥 2 Left! |
Mole Carbon Edition | ➡️ | Carrack | $305 | 🔥 Last one! |
Mole Talus Edition | ➡️ | Carrack | $305 | 🔥 Last one! |
Valkyrie | ➡️ | Carrack | $241 | ✔️ YES |
Genesis | ➡️ | Carrack | $215 | 🔥 Last one! |
Prowler | ➡️ | Carrack | $173 | ✔️ YES |
600i Explorer | ➡️ | Carrack | $136 | ✔️ YES |
M2 Hercules | ➡️ | Carrack | $88 | ✔️ YES |
Liberator | ➡️ | Carrack | $30 | ✔️ YES |
Orion | ➡️ | Carrack | $30 | 🔥 2 Left! |
- | 📌 | TO 👇 | ||
MOLE | ➡️ | Merchantman | $358 | ✔️ YES |
Prowler | ➡️ | Merchantman | $225 | ✔️ YES |
600i Explorer | ➡️ | Merchantman | $188 | ✔️ YES |
M2 Hercules | ➡️ | Merchantman | $141 | ✔️ YES |
Liberator | ➡️ | Merchantman | $83 | ✔️ YES |
Orion | ➡️ | Merchantman | $83 | ✔️ YES |
Carrack | ➡️ | Merchantman | $56 | ✔️ YES |
- | 📌 | TO 👇 | ||
Carrack | ➡️ | Perseus | $83 | ✔️ YES |
Merchantman | ➡️ | Perseus | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
Carrack | ➡️ | Odyssey | $109 | ✔️ YES |
Perseus | ➡️ | Odyssey | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
600i Explorer | ➡️ | Hammerhead | $268 | 🔥 Last one! |
Carrack | ➡️ | Hammerhead | $136 | ✔️ YES |
Carrack Expedition w/C8X | ➡️ | Hammerhead | $88 | 🔥 2 Left! |
Merchantman | ➡️ | Hammerhead | $83 | 🔥 2 Left! |
Perseus | ➡️ | Hammerhead | $56 | ✔️ YES |
Odyssey | ➡️ | Hammerhead | $30 | ✔️ YES |
- | 📌 | TO 👇 | ||
Constellation Aquila | ➡️ | Nautilus | $442 | ✔️ YES |
Valkyrie | ➡️ | Nautilus | $373 | 🔥 Last one! |
Reclaimer | ➡️ | Nautilus | $347 | ✔️ YES |
600i Explorer | ➡️ | Nautilus | $268 | ✔️ YES |
Carrack | ➡️ | Nautilus | $136 | 🔥 2 Left! |
Merchantman | ➡️ | Nautilus | $83 | 🔥 Last one! |
Odyssey | ➡️ | Nautilus | $30 | 🔥 Last one! |
- | 📌 | TO 👇 | ||
M2 Hercules | ➡️ | A2 Hercules | $247 | 🔥 Last one! |
Carrack | ➡️ | A2 Hercules | $162 | ✔️ YES |
Carrack Expedition | ➡️ | A2 Hercules | $136 | 🔥 2 Left! |
Carrack Expedition w/C8X | ➡️ | A2 Hercules | $114 | ✔️ YES |
Merchantman | ➡️ | A2 Hercules | $109 | ✔️ YES |
Perseus | ➡️ | A2 Hercules | $83 | ✔️ YES |
Odyssey | ➡️ | A2 Hercules | $56 | ✔️ YES |
- | 📌 | TO 👇 | ||
Merchantman | ➡️ | Polaris | $135 | 🔥 Last one! |
Perseus | ➡️ | Polaris | $109 | ✔️ YES |
Hammerhead | ➡️ | Polaris | $45 | ✔️ YES |
Nautilus | ➡️ | Polaris | $45 | 🔥 Last one! |
Items | Price |
---|---|
Cutlass Black - Skull and Crossbones | $18 |
Scorpius - Stinger Paint 💎 | $45 |
Scorpius - Sunburn Paint | $14 |
Constellation ILW 2950 Paint Pack | $24 |
CITIZENCON 2951 DIGITAL GOODIES | $10 |
Vanguard Sentinel BUK - LTI | $140 |
2023.03.25 02:20 talented_dismissal 26F seeking advice on taking control of finances
2023.03.25 02:15 HomosapianDaGreekGod advice needed
2023.03.25 02:13 ImQsq [NM] Hogue Deka Sub-Zero - [email protected]$1
2023.03.25 02:11 autotldr Jordan's parliament displays Israel with Palestine-Jordan flag, calls to expel envoy
Jordan's parliament on Wednesday recommended expelling Israel's ambassador, while displaying a map at the center of its chamber featuring Jordan, Israel, the West Bank and the Gaza Strip - all under the colors of the Jordanian and Palestinian flags.
Symbolic votes to expel Israel's envoy are common during times of heightened tensions between Jerusalem and Amman.
In May 2021, Jordanian lawmakers unanimously called for the government to expel Israel's envoy amid Operation Guardian of the Walls, an 11-day war between Israel and terror groups in the Gaza Strip.
"Israel is committed to the 1994 peace agreement with Jordan. There has been no change in the position of the State of Israel, which recognizes the territorial integrity of the Hashemite Kingdom," the ministry tweeted in both Hebrew and English.
An Israeli diplomat told The Times of Israel on Wednesday that Jerusalem "Understands Jordanian sensitivities," adding that they were "Working to send conciliatory messages."
"Israel's connection with Jordan is crucial for regional calm and stability," the official said.
2023.03.25 02:07 Big_Flounder2120 Selling each for 15$
![]() | submitted by Big_Flounder2120 to footballcards [link] [comments] |
2023.03.25 01:49 autotldr Dual Haitian-Chilean citizen Rodolphe Jaar, one of several men accused in the 2021 murder of Haitian president Jovenel Moise, pled guilty on Friday in the United States to charges related to the assassination
Miami - Dual Haitian-Chilean citizen Rodolphe Jaar, one of several men accused in the 2021 murder of Haitian president Jovenel Moise, pled guilty on Friday in the United States to charges related to the assassination, court documents show.
Jaar, a businessman, is the first among 11 people charged by US prosecutors in south Florida with a role in planning the assassination.
According to the guilty plea, Jaar housed the Colombian commando team and gave them weapons.
In pleading guilty, Jaar offered to help federal authorities investigating Moise's murder, in hopes of winning a reduced sentence.
A lust for money and power led to the plot to kill Moise, US Attorney for the Southern District of Florida Markenzy Lapointe declared at a February 15 news conference in Miami.
The US investigation revealed that Intriago and Ortiz, managers of the Miami security firm CTU, devised a plan to kidnap Moise and replace him with Christian Sanon, a Haitian-American citizen who wanted to become president of the Caribbean country.
2023.03.25 01:46 Luckycharm9114 Decisions
![]() | submitted by Luckycharm9114 to ModelCars [link] [comments] |
2023.03.25 01:30 zhoq Don Quixote - Volume 1, Chapter 29
'These,' said the priest, 'were the persons who robbed us; and God of his mercy pardon him, who prevented their being carried to the punishment they so richly deserved.'Next post:
2023.03.25 01:15 JingleWriter1 Got a quote for a new HVAC system - is it good?
2023.03.25 01:13 Idenwen I LOVE it when you start your session with a crazy first liner an get something like this :)
![]() | https://preview.redd.it/v7qayfy62spa1.jpg?width=512&format=pjpg&auto=webp&s=4ad2b278d84715a2299c6cccc3f42f08a8d0bc1e submitted by Idenwen to StableDiffusion [link] [comments] ((best quality)), ((masterpiece)), ((realistic)), (detailed), RAW Photo, ((extreme details)), Canon 6D, Furry Hamster in medieval armor carrying a lance riding an armored frog in a foggy forest Negative prompt (my default preconfigured in A1111 ui-config.json): (worst quality:2), (low quality:2), (normal quality:2), monochrome, unclear eyes, illustration, 3d, sepia, painting, cartoons, sketch, (ugly:1.2), render, doll, plastic, blur, haze, b&w, out of frame, tiling, bad art, deformed, mutated, blurry, fuzzy, misshaped, mutant, gross, disgusting, watermark, watermarks, cross-eye, jpeg artifacts, fewer digits, signature, bad anatomy, extra legs, (extraadditionalmissingdeformed arms), extra fingers, poorly drawn hands, poorly drawn feet, additional legs, additional head, additional face, black and white, grayscale, lowres, text, error, missing fingers, extra digit, wide shot, cropped head, bad framing, cripple, old, fat, poor, missing arm, grain, low-res, mutation, malformed hands, out of focus,mangled, surreal, cartoon, close up, b&w, weird colors, black and white photo, kitsch,oversaturated, distorted, disfigured:1.4, poorly drawn, wrong anatomy, extra limb, missing limb, floating limbs, mutated hands and fingers:1.4, disconnected limbs, amputation,duplicate, morbid, mutilated, poorly drawn face, bad proportions, cloned face, ross proportions, malformed limbs, missing legs, fused fingers, too many fingers, long neck, extra limbs Steps: 20, Sampler: Euler a, CFG scale: 7, Seed: 666504244, Size: 512x512, Model hash: 6e365295fd, Model: _Mymodel5, Dynamic thresholding enabled: True, Mimic scale: 26.5, Threshold percentile: 100 |