Eagle Energy Inc T.EGL.UN

RE:RE:RE:RE:RE:RE:RE:Shocking!

[gvixid]

The reason EGL trades at a big discount to its peers is its inefficiencies....G&A is way too high.

Reduce salaries, focus on either the Canadian or US operation, reduce the debt, and the value of the company will be unlocked.

EGL ha always held high quality assets, but it is burdened with an onerous cost structure.

Time and time, managemet has failed to address this.  It's as if they purposely avoid dicussing G&A, because they know redcuing it means reducing their own personal compensation.

And the big big red flag to me is the lack of insider buying.  If management is so confident in their new plan, its time to step up and buy shares at these reduced prices.  But its not happening.  That alone is eough to scare me off.

Unless significant changes are made, EGL will be bankrupt within 1-2 years.

The dissidents hold more shares AND are buying shares.  That says a lot.

I am voting for a change.