Eagle Energy Inc EGRGF

RE:RE:RE:RE:RE:Press release

[gvixid]

Whodathunkit - I agree that we can't know for sure what the dissidents plans are. It's very dependent on oil price and new financing, so they probably don't fully know either. But what we can say with certainty is that high debt is what kills junior oil corps like Eagle. Just look at tbe, sgy, plt...too much debt and not enough production. Exactly the situation with egl. It's always better to sell assets in a bull market. But if we can sell a property and reduce debt to manageable levels, even if we don't get the price we would like, I think we will be in a far better situation than we are now. Management refuses to consider this. And that decision could very well lead eagle to bankruptcy in short order. They assume $55-60 oil over 4 years in their forecasts. There is certainly no guarantee of that. Oil down below $50 again today. So I'm willing to sacrifice assets for survival. Otherwise our hard earned money is likely going to go down the drain. Just my 2 cents