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Eagle Energy Inc 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.


EXPM:EGRGF - Post by User

Eagle Energy Inc > What is the real Reason this Stock is Low
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Comment by downtozeroon Jun 21, 2018 10:46am
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Post# 28205262

RE:RE:RE:RE:RE:RE:RE:RE:RE:What is the real Reason this Stock is Low

RE:RE:RE:RE:RE:RE:RE:RE:RE:What is the real Reason this Stock is Low
Going private for Eagle would mean claiming bankrupt first, screwing all the shareholders, a private firm buying out the assets for pennies on the dollar, all while the current management team continues to run the company with no loss to themselves (they've already ditched their own shares). This was the fate of many others; and will likely be for Eagle if North Texas has failed. If this is going to happen, the next step to watch out for is the debt ceiling may be reduced to a level below what they currently owe. or they surprise us with overspends on the well they just dug.
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