Enterra Energy (ENT) To Suspend Monthly Distributions
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Enterra Energy Corp. (NYSE: ENT) said it has suspended its monthly distribution payment to unitholders until further notice, but for a minimum period of six months, commencing with the distribution to unitholders on October 15, 2007.
The suspension of distributions will enable the Trust to re-direct cash flow from operations, that otherwise would have been distributed to unitholders, to the repayment of its outstanding debt.
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