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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 > Asset Disposition
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Comment by Khersonon Jul 20, 2018 2:42pm
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Post# 28346015

RE:Asset Disposition

RE:Asset Disposition
lenumero66 wrote:
So here we are a year after the proxy and the board has come to the same conclusion as the disidents, need to lower debt by selling assets.

Salt flats got sold for close to book value, but twinning was valued at 39.4M (based on 2017 annual report) and they only got 13.8...hopefully this is not indicitive of the true value of the rest of the assets, or this company is worthless.

We need a miracle well in Texas...


Actually, the equity of the company is worthless. What the company now needs is new management!
Kherson

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