Eagle Energy Inc T.EGL.UN

RE:RE:RE:Compared To Some Others...

[JReynolds]

SunChild wrote:

JReynolds wrote:
At least they managed to buy-over another listed entity, and without further issuance of units nor taking on more debt.

Read [url=//https://www.stockhouse.com/news/press-releases/2016/01/25/maple-leaf-royalties-corp-announces-shareholder-approval-of-the-plan-of]this[/url] to see what Eagle paid.  With 88 million shares out at Maple Leaf I read this as over 8 million "New Eagle shares" (instead of Eagle trust units)  for this deal.  From 35 million Eagle will go up to 43 million shares unless I'm missing something.

This of course will add 1.5 cents per month royalty for the over 8 million new shares ($120k per month) and new staff expenses as well.  It's offset by higher royalties and the expertise of management that can run a very successful oil business.  

Maple Leaf added a lot of shares in the last year which is why they were so low debt probably.  These guys are cautious and smart.  The kind of management I like.  (yes, Eagle people, I like you too ;-) )

BTW,  I think it was still a good deal for Eagle if the numbers are real.


Grant.

That's right - we need more of financial engineers now, and we are lucky to have this team in these times.