Eagle Energy Inc EGRGF

Return the BOD that Lost 90% of Your Investment?

[Psalm9012]

Who in their right mind would vote back a board that lost 90% of their money? I wonder if this will now embolden them to suck the rest of the life out of this company or will they wait a year before increasing their salaries and compensation again? Greg

[alkhor]

Actually just over 96% lost.

[ariesleaf]

96% of what.$?

[alkhor]

The IPO for EGL.UN was $10. Yesterdays close was $0.39, which represents a 96.1% loss to the shareholders from the IPO. Somehow the management team responsible for this loss squeeked by in the election.

[whodathunkit]

A rather simplistic view.  But in keeping with that approach, assuming someone who bought the IPO is still holding, they would have received back roughly $4.69 in dividends (not accounting for taxes) which would, from a pure dollars and cents standpoint, reduce their investment to $5.31. An obvious point that has had a considerable contribution to the price drop is the price of oil. 

[alkhor]

Who said I bought at the IPO? Ny ACB is 67 cents, which still means I'm down around 40% but there is hope that even the old management can get the share price back up. Don't forget at the IPO the sales job was for a $10 per unit investment you would receive a $0.0875 dividend every month, or $1.05 per year. The falling price of oil pretty much killed the dividend but there is no way one

[mattycrusher]

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[truthteller2]

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[tedjames292]

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[moola9q]

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[moola9q]

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[JReynolds]

Perhaps, we are not really talking about ourselves here,... let's put our losses aside for now. Just looking at the performance of this counter from IPO till today, it has been down and down,... from div payouts to no payouts in the end. Secondly, should one bail, someone else would take up the role and get burnt too, hence,... bailing is not all good if we see things from an all-round total

[Kherson]

Looks like shareholders and the Market have been kept in the dark yet again concerning the real financial health of the company after today's NR about their financial covenant amendments! I guess those new well results aren't what was hoped for! I now wonder what else will "fall off of the track" when it comes to Eagle? Kherson

[Scottie99]

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[yieldguy]

You are right.....this is not over!  Gundersen and the 49.5% who voted with him should do everything possible to put pressure on this blood sucking administration and board! There should be legal ramifications for running the company into the ground while at the same time.....sucking the life out of it via salaries/compensation!