Enterra Energy Trust (ENT) news stock charts
Enterra Energy Trust (ENT) Investment Summary:
Enterra Energy Trust, an open-end unincorporated investment trust, through its subsidiaries, engages in the exploration for and production of oil and gas in Canada and the United States. It holds interests in various properties, including Clair, Provost-Alliance-Wainwright, Princess, and Ricinus in Alberta; Desan in British Columbia; and Liebenthal in Saskatchewan. The company also owns interests in properties located in Grant, Lincoln, and Logan counties in Oklahoma. As of December 31, 2008, it had proved and probable reserves of 26,699 mboe. The company was founded in 1998 and is headquartered in Calgary, Canada with an additional office is in Carney, Oklahoma.Enterprise Metals Limited (ENT:Australian Stock Exchange - SEATS)
Snapshot of Enterprise Metals Limited (ENT)
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OPEN
$2.68
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PREVIOUS CLOSE
$2.71
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DAY HIGH
$2.75
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DAY LOW
$2.60
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52 WEEK HIGH
03/11/10 - $2.95
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52 WEEK LOW
03/25/09 - $0.57
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MARKET CAP
170.7M
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AVERAGE VOLUME 10 D
286.5K
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EPS TTM
--
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SHARES OUTSTANDING
64.9M
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EX-DATE
09/26/07
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P/E TTM
--
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DIVIDEND
--
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DIVIDEND YIELD
0.00%
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| K = Thousands M = Millions B = Billions | ||
Key developments for Enterprise Metals Limited (ENT)
Enterprise Metals Limited has completed a detailed 200m line-spaced magnetic and radiometric survey of the Cunderdin Iron Project area. Preliminary magnetic data has now been image-processed. The imagery clearly displays a highly folded magnetic unit within the company's tenements which is interpreted to be an Archaean quartz-magnetite/banded iron formation (BIF). The cumulative strike extent of the interpreted quartz magnetite/BIF unit is estimated to be 10km, and therefore represents a significant tonnage. Whilst the larger exploration target is magnetite, the more valuable target is non-magnetic hematite. The company recognises the potential for the development of hematite at Cunderdin, and has identified a number of targets along the interpreted BIF trend where partial de-magnetisation has occurred. These areas are adjacent to major NE and E trending shear zones, and possibly indicate the conversion of magnetite to non-magnetic hematite or goethite, a hydrated form of iron ore.
Enterprise Metals Limited has received geochemical analyses for the RC holes drilled in the Doolgunna channel, the three RC holes at Donald Well, and five RC holes at No. 2 Bore. From the 2009 RC drilling program at Doolgunna, all assays have now been received with the exception of three holes at No. 2 Bore. The 2009 exploration program has largely focused on testing gold targets on the limited number of granted tenements where ground disturbance and drilling is permitted at this time. This initial exploration program has been the first deep test of the alluvial gold and coincident base metal anomalies generated by the company along the 50km long magnetic trend termed the South Boundary Fault. The results to date, although devoid of any economic mineralization, need to be thoroughly assessed over the coming months to determine the need for further exploration along the South Boundary Fault. The portfolio of tenement applications at Doolgunna includes a significant strike length of the Goodin Fault, which separates the Narracoota Formation volcanics (Bryah Basin) from the Doolgunna Formation sediments (Yerrida Basin). The company has a number of excellent soil and Maglag copper anomalies within the Narracoota volcanics and along the Goodin fault which remain to be drill tested. Drill testing of these targets is expected to take place after the granting of these tenements in the first half of 2010.
Enterprise Metals Limited has received analytical results from holes GKRC011 to GKRC016 at Golden King, part of the Revere Project in Western Australia. These holes are part of an ongoing reverse circulation (RC) drill program testing geophysical/geochemical targets in sediments of the Yerrida Basin and volcanics of the Bryah Basin. Holes GKRC011-016 were drilled as a fence across the eastern-most VTEM/IP conductor. Hole GKRC011, between 32-40m, intersected weathered sediments with elevated but low-level gold, (av 0.04ppm Au). For the 36m zone immediately above the base of weathering, copper and arsenic were markedly elevated (from 76-112m, 36m at 170ppm Cu and 49ppm As). In the primary zone, zinc was elevated between 176-200m (av 120ppm Zn). Hole GKRC013 encountered a zone of anomalous zinc from 104-152m (av 126ppm Zn), and another lower zinc zone of 44m thickness from 188m (av 137ppm Zn). Hole GKRC014 encountered a zone of anomalous zinc from 48-108m (av 191ppm Zn), and another lower zinc zone of 64m thickness from 124m (av 223ppm Zn). Hole GKRC015 was depleted in metals in the weathered zone to a depth of 68m, which was immediately followed by a 40m zone of weak zinc enrichment averaging 120ppm Zn. Hole GKRC016 encountered elevated arsenic values from surface to 124m (16-46ppm) within the zone of weathering, and elevated zinc from116m to end of hole at 214m. Assay results for two holes on the western-most fence of holes, GKRC 009 and GKRC010, and GKRC017, are still awaited.
Enterra Energy Trust financial resources
ENT Competitors
| Company | Last | Change | |
| No competitor information is available for ENT. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | ENT | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 127.1x |
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| Price/Book | 1.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 179.7x |
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ENT |
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ENT transactions
| Type Date |
Target |
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Private Placement
March 9, 2010 |
-- |
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Merger/Acquisition
January 19, 2010 |
Amiable Holdings Pty Ltd. |
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