Enterra Energy to List on the New York Stock Exchange; Trading on the NYSE to Commence Thursday under the Symbol ''ENT''.CALGARY, Alberta -- Enterra Energy Trust ("Enterra") (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EENC, TSX: ENT.UN) today announced that it has been approved for the listing of its trust units on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. . Subject to Enterra's selection of a specialist and the receipt by the NYSE NYSE See: New York Stock Exchange of a filing with the Securities and Exchange Commission, trading on the New York Stock Exchange will commence on Thursday, February 9, 2006 under the symbol "ENT". Following commencement of trading on the NYSE, Enterra's trust units will cease trading on the Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "EENC." Enterra Trust Units will also continue to trade on the Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol: TSX:ENT.UN. Enterra's CEO Keith Conrad stated, "We are delighted to be listing on the New York Stock Exchange which will mark another major milestone in Enterra's history. We believe that our listing on the NYSE will enhance the visibility of the Company, liquidity of our trust units and will benefit our unitholders." Headquartered in Calgary, Enterra Energy Trust is a Canadian oil and gas income trust. The Trust acquires, operates, and exploits crude oil and natural gas wells, focusing on low risk and low cost development. The Trust pays out a monthly distribution which is currently US$0.18. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion