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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 > EAGLE ASSETS
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Comment by downtozeroon Nov 14, 2018 2:33pm
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Post# 28974481

RE:RE:RE:EAGLE ASSETS

RE:RE:RE:EAGLE ASSETS
They paid $100M for it in 2014. It's the reason their current book value is still almost $2.00 per share. It was their best Canadian property and the reason they converted from a .UN company. I assume they are not drilling anything new at Dixonville due to low Canadian oil prices. A tough call to sell their best backup property if North Texas is a bust. If they did and they got 50% on the dollar - same as Twinning - then it would more than cover all their current debts.
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