Eagle Energy Inc T.EGL.UN

Primary Symbol: EGRGF

Energy

Eagle Energy Inc is a Canadian company operating in the Energy Sector. The company is engaged in the acquisition, exploration, development and sale oil & gas and hydrocarbons with operations in Alberta, Canada and Texas, United States. While derives majority of its revenue from Canadian operations.

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Eagle Energy Inc > EGL valued less than cash on hand on month ago

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Comment by Khersonon May 21, 2017 10:55pm

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Post# 26269634

RE:RE:RE:EGL valued less than cash on hand on month ago

Kherson wrote:
leo101 wrote:

porciuscato wrote:
A month ago, EGL had $2/share in cash. Now the whole company isn't worth that much.

Managment chose to foolishly squander that cash on properties operated by a near-bankrupt company for a princely $80,000/flowing BOE. $80,000/boe was too much at $100 oil, And it's waay too much at $70 oil. At $48 oil.........

and spyglass is looking pretty smart for keeping the hedges.

Looks like the Spyglass deal wasn't such a great idea after all. Having said that, if management still believe that they made a great move buying this new property from Spyglass, we should see them buying their stock with both hands...
Kherson