RE:BUZZ OFF JACKOn the contrary, I find Jackroy's comments very valuable. They lend focus to the nature of the investment. While cold weater should not be a credible excuse for lack of production in Northern Canada (since that is when we work)...Break-up certainly is. And that would be the aforementioned Q2.
To put in perspective, I am heavily invested in the Warrants. With a 1.40 stock price going forward, that would only put me 12c in the money on most of them. With an expected weak Q2 that takes 3 months out of my time frame. To not realize this is folly. I am assuming the morning 3 c dive in the bid on the warrants reflects this in the short term.
Q2/break-up is huge in the oil-industry. In fact, it is the only focus on any major plan going forward when doing construction. Depending on how Enterprise gets paid for it's excavation services, it can cost alot of money. Are they getting paid on a cost-plus basis or on a bid completion basis? Are the customers paying standby rates for iron/heaters that are sitting? It's kind of hard to heat up the pipe to 32 C when Forrestry won't let you on the roads to get the AT units to site in the first place. It's really hard to tunnel a pipeline under a river when it's filling up with water from the muskeg. In fact, they don't do it, and most authorities won't let you do it. That muskeg reaches across all of Northern Alberta and roughly halfway across Northern BC by the way.
This isn't bashing. This is real life. And if you are invested in Enterprise, and have faith in management, you better hope they are taking this into account. My 3 to one warrant bet sure is saying they can. But proof is in the pudding...or Q2 results.
GLTA