Eagle Energy Inc EGRGF

Double production ??????????????????

[OOU812]

https://finance.yahoo.com/news/eagle-reiterates-strategy-addresses-dissidents-114500012.html

Old version from March 13,2017
 "Our robust drilling inventory, coupled with high-quality, low-decline base assets and new access to capital, should allow us to double production and reserves within the next 24 to 36 months."

NEW
"Strategic Five Year Plan We have a strategic five year plan that we believe will more than double production and reserves and leave Eagle at less than one times debt to cash flow within five years, while drilling less than one-third of our existing inventory."

 It's only been 2 months since the new strategy and already their predictions are way off??????????

[sasafras]

Typical smokescreen to deny their own shortcomings and discredit others... Management doesn't address their out of control cost structure... and just repeats the same old stuff while shareholders are left in the dark.

[whodathunkit]

Not to nit pick about the English language, but, they actually haven't changed their predictions.  They have said, in 24 to 36 months they will double production and their 5 year strategic plan will more than double production.  That can be interpreted as meaning in the remaining 2 years they will continue to grow production, not stagnate at double the current rate. I'm not