re: Ann: ETE: Entek Announces New Niobrara Pa... Thanks beanpea, thumbs up from me for your informative post.
I am still keen to read all I can about EMR. The only part I disagree with is about EMR shares being cheap, yes they are inexpensive, but I don't think they are at a bargain price. The share price has dropped linked to current value of EOX including the dilution from the EOX cap raising that happened just after EMR acquired our stake.
To progress our other assets will require a cap raising, and the issue of a Truckload of shares at say $0.01 (if they can get takers) as funding. There is a lot of competition for funds right now and I don't think EMR has delivered terrific value to date.
Having said that, I do think EOX has good acreage and should provide some capital growth for us at some stage.
GLTH
Ann: ETE: Entek Announces New Niobrara Partnershi, page-18
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