Canadian 88 Energy Corp., which has been undergoing a series of changes as it refocuses its interests in Alberta, said Friday that its board of directors has voted to rename the Calgary-based independent to Esprit Exploration Ltd. If approved as expected, the new name would be implemented “shortly thereafter,” said the company.
Refocuses
Articles from Refocuses
With ’02 in Rearview Mirror, TXU Refocuses on North American, Australian Assets
TXU Corp.’s exit from Europe last fall pushed the Dallas-based utility to huge fourth quarter losses, with the write off of $4.2 billion on its failed investments overseas. However, management said it would “aggressively” refocus on North American and Australian assets going forward, estimating its growth “beyond” 2003 would be in the range of 4-6%.
February 10, 2003
With Andersen Guilty, Investigation Refocuses on Enron
In 16,000 pages of financial statements released last week to the bankruptcy court overseeing its case, Enron Corp. reported it now has $9 billion in the black ink column. However, of Enron’s $51.8 billion in listed assets, $35 billion is based on the “book” values dated before Enron filed for bankruptcy Dec. 2, 2001. The numbers used to establish the assets’ current values, including payments due from affiliates that now may be bankrupt, are not “wholly reliable,” Enron said, but to update all of them now would be “unduly burdensome and time consuming.” Nearly 50 Enron subsidiaries, many of them bankrupt, are expected to detail their financials in the next few days.
June 24, 2002
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