EXPM:EGRGF - Post by User
Post by
OOU812on Mar 15, 2017 12:43am
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Post# 25980446
G&A over $3 boe is outrageous.
G&A over $3 boe is outrageous.Eagle's champagne wishes and caviar dreams don't come cheap at $6 boe.
We are forking over an extra $4 mil of yearly G&A for what???????????????
That $4 mil would increase yearly CF to $20 mil.That's enough to maintain production,
double the div,and pay back $5 mil of debt every year.
This company is capable of producing $10 million of free cash flow per year.
If anyone offered 80 cents a share for Eagle, they would probably succeed.
For that $34 mil investment,$10 mil of free CF works out to a nice 29% ROI.
Now factor in a 74 cent $ and we're looking awfully cheap.With Trump Meister,
having over half of your production in the states isn't a bad thing either.