Eagle Energy Inc T.EGL.UN

RE:Stockwatch Business Reporter

[whodathunkit]

OOU812 wrote: "Eagle Energy Inc. (EGL), down one cent to 44 cents on 146,900 shares, is facing a battle for the board from two dissident shareholders, Daniel Gundersen and Kingsway Financial Services. Mr. Gundersen is a familiar name to Eagle. He was the CEO of Maple Leaf Royalties, which owned royalty interests in oil and gas properties in Alberta until it was acquired by Eagle in late 2015. At the time, Mr. Gundersen expressed high hopes for the combined company's future and praised Eagle's "high-quality management team." His opinion is decidedly different now. In an announcement sent around last week, he and Kingsway declared that Eagle is "in immediate need of a stronger leadership team." That new team, naturally, would include Mr. Gundersen as one of four proposed directors. The other three nominees are Robert Fong (the former director of listed issuer services for the TSX-V in Western Canada), Gerald Gilewicz (CFO of Journey Energy Inc. (JOY: $2.45)) and Bradley Porter (a director of Granite Oil Corp. (GXO: $5.21). Granite used to be DeeThree Exploration, where Mr. Gundersen once served as vice-president of engineering)."

I'm still sitting on the fence regarding this but why is it I can't seem to shake the feeling that there is an underground ulterior motive related to this?  Does anyone think the concerned shareholders might be working a fire sale to benefit other outfits they might have a stake in?

Cheers.