Enterra Energy's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/175989/comments http://seekingalpha.com/article/18442-enterra-energy-trust-crippling-debt-makes-speedy-recovery-unlikely-barron-s?source=feed#comment-172968 172968
Google Enterra Energy and this article comes up from October 2006.

I own Enterra .. and things have changed ... I am "borrowing" this blog, which puts a new light on Enterra ... by the way if this article comes up when you Google .. well Microsoft will have no problem eating Google's lunch if and when it takes over Yahoo ...

Monday, May 19, 2008
Enterra Energy Trust (ENT)

An interesting special situation is a Canadian royalty trust, Enterra (ENT). It has sold off from over $20 a few years to around $1 earlier this year but has rallied sharply recently to $4.50. Previous management with conflicts of interest has been replaced, and assets sold to pay down debt. Remaining debt is expected to be restructured by 2Q/2008, with possible resumption of dividends by year end. 1Q report was very good with FFO up over 30%, and 2Q should be even better, given the rally in energy prices.

Book value is around $3.75, with most Canroys trading a 2-3x book ENT could trade at around $7-$10 by year end.

Posted by Reynold Tung
]]> Fri, 23 May 2008 19:32:49 -0400
Google Enterra Energy and this article comes up from October 2006.

I own Enterra .. and things have changed ... I am "borrowing" this blog, which puts a new light on Enterra ... by the way if this article comes up when you Google .. well Microsoft will have no problem eating Google's lunch if and when it takes over Yahoo ...

Monday, May 19, 2008
Enterra Energy Trust (ENT)

An interesting special situation is a Canadian royalty trust, Enterra (ENT). It has sold off from over $20 a few years to around $1 earlier this year but has rallied sharply recently to $4.50. Previous management with conflicts of interest has been replaced, and assets sold to pay down debt. Remaining debt is expected to be restructured by 2Q/2008, with possible resumption of dividends by year end. 1Q report was very good with FFO up over 30%, and 2Q should be even better, given the rally in energy prices.

Book value is around $3.75, with most Canroys trading a 2-3x book ENT could trade at around $7-$10 by year end.

Posted by Reynold Tung
]]> http://seekingalpha.com/article/18442-enterra-energy-trust-crippling-debt-makes-speedy-recovery-unlikely-barron-s?source=feed#comment-172842 172842 Fri, 23 May 2008 15:42:31 -0400 http://seekingalpha.com/article/18442-enterra-energy-trust-crippling-debt-makes-speedy-recovery-unlikely-barron-s?source=feed#comment-172839 172839 ENT) lately? It is up 500% from it's lows in the past six or so months .. Nice article ... well taken points .. however Enterra Energy is now under new management paying down debt .. the dividend is gone the money is being used to put the company back in the black ... with oil approaching $140 Enterra is in the words of Jim Cramer of Mad money ... "cheap".]]> Fri, 23 May 2008 15:40:48 -0400 ENT) lately? It is up 500% from it's lows in the past six or so months .. Nice article ... well taken points .. however Enterra Energy is now under new management paying down debt .. the dividend is gone the money is being used to put the company back in the black ... with oil approaching $140 Enterra is in the words of Jim Cramer of Mad money ... "cheap".]]>