Post by
Stuckinsand2 on Dec 10, 2022 1:48pm
Oh my
E trades below 0.40, after what some consider a great Q3 the price declines. How is this possible? Management's opinion is the company is grossly undervalued, this has been their opinion for the last 6 years. If 6 years has elapsed can the company really be trading at a huge discount? Doubtful......
Comment by
gojotv! on Dec 12, 2022 10:59am
I have no doubt that the company's shares are undervalued. There seems to be a general malaise about investing iin the Canadian petro industry. Too little innovation, too little cost-cutting, general market volatility... too many Investors got burned. It's reputation over reality.
Comment by
Stuckinsand2 on Dec 12, 2022 2:17pm
Hasn't Enterprise been innovative saving the planet converting diesel powered equipment to natural gas? I believe they advertise they have many blue chip companies as clients. All this great news and still compared to a meaningful benchmark the returns for shareholders is "average". Your statement "reputation over reality" may be fat to accurate, so sad.
Comment by
foundalpha on Dec 14, 2022 8:00am
Ah yes, the "blue chip clients" claim. Thanks for the reminder! Enterprise has been recycling that meaningless statement for years. The truth is these service companies all work for the same customers.
Comment by
Stuckinsand2 on Dec 14, 2022 11:40am
... and based on the SP not out performing the TSX oil and gas index there are a more than few "exaggerated" claims...