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Gold/Mining/Energy : Big Dog's Boom Boom Room

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From: ChanceIs	5/17/2008 8:37:29 PM
	of 206087

ENT Coming Back to Life I threw some shares in a drawer and forgot about them. Kind of like EPEX and PDRT. Enterra Energy Trust shares jump on 1st-qtr report Thursday May 15, 6:35 pm ET Enterra Energy Trust shares rise on 34 percent increase in 1st-quarter funds from operations NEW YORK (AP) -- Shares of Enterra Energy Trust jumped Thursday after the oil and gas trust said its first-quarter funds from operations rose 34 percent on higher commodity prices. Shares advanced 75 cents, or 24.3 percent, to $3.84. Shares have traded between $1.04 and $6.41 in the past 12 months. On Wednesday, the Canadian company reported funds from operations of $24 million, compared with $18 million in the same period of 2007. FFO adds such items as amortization and depreciation back to net income and is considered a key measure of real estate investment trust strength because it gives a more accurate picture of cash performance. The company attributed the growth to a substantial increase in commodity prices. The average sales price realized per barrel of oil equivalent in the first quarter rose 19 percent to $60.84. Enterra also said its first-quarter loss narrowed to $1.9 million, or 3 cents per unit, from $62.8 million, or $1.12 per unit, in the prior-year period, while revenue grew 22 percent to $53.5 million. The company said Thursday it will hold a conference call on May 22 to discuss the results, as well as recent positive developments.

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