"How ENBs MD, Babidge can assert that "The Company is extremely pleased with the very positive results to date, which demonstrate capability for future UCG operations" is beyond my comprehension."
I think I would have to agree. I'm surprised that the ENB management didn't really say much about these results considering their importance. The results are really quite ordinary and not particularly exciting for ENB. I don't see how they can be "extremely pleased". Maybe the management lack any geological knowledge and just assume that because there is coal in the drill core then everything is fine.
I have a very small holding that I will continue to hang onto, but I don't have high hopes for this company.
ENB Price at posting:
21.8¢ Sentiment: None Disclosure: Held
