Not even remotely similar. ECA is a "real" company(getting hurt big time by low gas prices". DPTR was "the gang
that couldn't shoot straight", swinging for the fences and striking out. Great story a month ago in the Denver Post
on Roger Parker the old president of DPTR. He was "living the life" for a while.
DPTR was in the turnaround/special situations basket where the hope is a ten bagger but where 2 or 3 out of 5 go bust.
ECA is a core holding in the large cap value basket. It has HUGE assets and highly effective management and operations expertise. I have zero worries here. Right now (after the petrochina deal) ECA has $3 billion in cash in the bank. I do not think DPTR ever had that problem.
See your missing the point again by not reading what I wrote approve. I said staring to...
I am not saying ECA right now looks like DPTR looked like in say 2010 and 2011 when DPTR was on death's bed. I'm saying ECA is like DPTR when it just started on it's down slope, all the variables and facts look ALMOST similar. ECA is in trouble and right now is a bad investment. No I don't believe ECA will NOT go Bankrupt but I do believe value will go down, as it has over the last few years. So yes, ECA is starting to smell like DPTR, but won't fall as far. Like the smell, of impairments, recent poor earnings that are expected to continue. Management presentations that stop at operating income and don't address the bottom line as it should be addressed. Any ways, good luck.