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Enterprise Group Inc T.E

Alternate Symbol(s):  ETOLF

Enterprise Group, Inc. is a consolidator of services, including specialized equipment rental to the energy/resource sector. The Company works with systems and technologies that mitigate, reduce, or eliminate carbon dioxide (CO2) and greenhouse gas emissions for itself and its clients. It provides specialized equipment and services in the build out of infrastructure for the energy, pipeline, and infrastructure construction industries. It has fleet of wellsite modular/combo equipment, specialized heating units, tunnelling equipment, and other heavy equipment pieces. It offers specialized infrastructure services, such as coat curing, thermal pipe expansion, scaffolding and more. It provides low emission, mobile power systems and associated surface infrastructure to the energy, resource, and Industrial sectors, through its subsidiary, Evolution Power Projects, Inc. Its other subsidiaries include Westar Oilfield Rentals Inc., Hart Oilfield Rentals Ltd., and Artic Therm International Ltd.


TSX:E - Post by User

Comment by jcw604on Feb 14, 2022 1:36am
100 Views
Post# 34425320

RE:RE:RE:RE:RE:RE:Here's my estimate of how much $ they lost in 2021

RE:RE:RE:RE:RE:RE:Here's my estimate of how much $ they lost in 2021
foundalpha wrote: Here's a little wrinkle with a takeover. Recall my earlier accusation of management entrenchment...

Len (CEO), Warren (CFO), and Des (VP of something) have change of control clauses in their employment contracts and would receive $2.6 million, $0.8 million and $0.7 million respectively. So, an extra $4.1 million on top of today's market cap of $18 million is required if E is taken out.

Those change of control clauses equate to 30 months of salary. So, the top 3 guys pull in collective compensation of $1.2 million on annual revenue of less than $19 million. To the moon, baby!


Thanks for the findings.
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