No such message found

Welcome To the Enterprise Oilfield Group Inc. HUB On AGORACOM

Edit this title from the Fast Facts Section

Free
Message: selling pressure to be dealt with

selling pressure to be dealt with

posted on Nov 13, 2009 04:33PM

Selling pressure to be dealt with

Marketcents.com has got to the bottom of the selling pressure of the past couple months, which Enterprise has been under and am working with company VP OKell on the solution.
An instituitional seller that began with 2.1m shares and has 1.2 remaining to clear off before 15Dec has been contacted . An effort to offer a bid for thier balance would be mutually beneficial, as so both parties can get on with it.
Undersdtanding this decision is not necessarily a bad signal for the fuure of E. Liquidations at tax time of losing investments at the bottom is just a fact of life for fund managers…it should be looked at as an opportunity to buy assets at about 20c on the dollar.Assets that are about to become more valuable as the recovery in oil prices and activity initiates once more worldwide.
I would suggest a price of 15c would be a fair compromise at this point, and Mr Okell is of the same opinion. MC will keep you apprised of the developments.
The lesson learned here is that the company intends to keep in closer communication with all shareholders

royrogers

Share
New Message
Please login to post a reply