ENT - Sector: Basic Materials --- Industry: Oil & Gas Drilling & Exploration

[setravis]

Profile:  


Enterra Energy Trust
500-4th Avenue SW
Suite 2600
Calgary, AB T2P 2V6
Canada - Map
Phone: 403-263-0262
Fax: 403-294-1197
Web Site: http://www.enterraenergy.com

DETAILS  
Index Membership: N/A
Sector: Basic Materials
Industry: Oil & Gas Drilling & Exploration
Full Time Employees: 147


BUSINESS SUMMARY  
Enterra Energy Trust operates as an open-end unincorporated investment trust in Canada. The company, through its subsidiaries, holds interests in oil and natural gas properties. It holds interests in various properties, including Clair, Provost-Alliance-Wainwright, and Princess properties in Alberta; the Desan property in the province of British Columbia; Primate and Liebenthal properties in Saskatchewan. The company also has interests in properties located in Grant, Lincoln, and Logan Counties in Oklahoma; and Powder River Basin of Wyoming and Southern Montana. As of December 31, 2007, it had proved reserves of 21,489 thousand barrels of oil equivalent and probable reserves of 8,770 thousand barrels of oil equivalent. The company was founded in 1998 and is headquartered in Calgary, Canada.

[setravis]

AP
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.

[setravis]

Enterra Energy Trust topped the list of Biggest Percentage Price Gainers on the New York Stock Exchange at the close on Thursday.


52wk Range: 1.04 - 6.41
Volume: 3,916,884
Avg Vol (3m): 539,192

Technicals
Gap Up
Percentage Gainer

Last Price Quote is:
48.32%above 13-day MA
84.29%above 50-day MA
RS Rating: 99 

Fundamentals
Key Data:
Market Cap (M): $190.45 
P/E Ratio: 1,959.53 
PEG Ratio: N/A 
Next Earnings: N/A
Last Analyst Rating: Hold

[setravis]

Updated chart look.......

[setravis]

not watching and took a run over the last 14 months
the chart below...