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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: cyesp who wrote (93531)	11/14/2007 7:14:33 AM
From: KyrosL	Read Replies (1) \| Respond to of 206184

The ENT earnings report is better than I expected. The payout ratio went down to 55% -- they paid all three dividends during the quarter. But, understandably, they could not trumpet any good news given what transpired during the quarter. They wrote off all their goodwill, and took a hefty book value charge for the US assets because of the huge appreciation of the Canadian dollar. Book value still more than two times times the stock value. I think this is the gist of the report: "The Trust's average netback in Q3 2007 declined by 17% year-over-year to $18.17 per boe but was 6% higher than in Q2 2007. Similarly, funds from operations of $21.2 million for the quarter was 16% lower than for the same period last year but was 10% higher compared to Q2 2007. During the quarter, the Trust paid total distributions of $11.7 million equating to a payout ratio of 55%, compared with a payout ratio of 83% for Q3 2006. On September 17, 2007 the Trust suspended its monthly distributions in order to redirect cash flow to the repayment of its outstanding debt. The distributions will be suspended for a minimum period of six months." The next big event is next week's CC, where we will learn the fate of the loan due on the 20th and the new (if any) "strategic direction". Their fate seems to be in their banks' hands.