ENT drops like a stone, and suspends yields

On September 7, Enterra, ENT, a Canadian oil and gas investment company announced it's CFO would be leaving. Never a good sign. On the 17, they suspended yields, and the stock price plunged to a low of $1.99. The news has been deafening in its silence about the details, even if the the writing on the wall has lead the lemmings to jump out of the stock as it bounces off its bottom. The question of valuation remains. Are ENT assets worth more than the stock price of $2.67; do the 40,000 undeveloped acres have more reserves? Will the yield return (it would be 27% at these levels.

Only time and more research will tell.