Eagle Energy Inc EGRGF

Acumen Capital report

[OOU812]

https://www.acumencapital.com/research/reports/c697977b4922e9d3f45ae121875a565b.pdf

[gvixid]

So acumen has a price target of $0.40...how bold. Basically they're saying they stock will continue to tread water because of high debt levels and uncertainty over the North Texas play. These are the exact concerns that the Challengers highlighted during the proxy fight. Management can't rely on drilling to turn this around. At some point the 'new' CEO has to make some difficult

[Sjakkspill]

I have to agree with you and a lot of other people as well I'm sure. Operating in two countries with such a small production base makes no sense. Selling the Canadian assets and reducing debt and G&A expenses is the way to go. The hope lies in North Texas and by being able to concentrate and direct more money there it could really become a game changer. Either the stock would be worth

[Kherson]

The real problem here is poor management. As for the drilling in North Texas, the production schedule has been set back considerably by the fact that Eagle is drilling only one well this year. Sadly for any new investors, the presentation has not been updated to reflect these reduced guidance numbers! Kherson

[Scottie99]

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[gvixid]

I spoke to Wayne at the Houston office last week. I asked him how to planned to turn this around, and stated that a lot of shareholders aren't in favour of simply hoping for higher oil prices to save the company. He basically said that asset sales are a last resort, and that White Oak was not in favour of that option at this time. He claims that Eagle is highly torqued to the price of oil

[Kherson]

Is there any good news to be found in the Eagle story? The problem here is simply bad management and even worse oversight by the BOD! Kherson

[truthteller2]

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[Wino999]

From my past experience, SHORT ANYTHING that Kherson is long...dead serious...he was long this, parallel and argent...made a fortune shorting anything this guy likes...

[Kherson]

No doubt, the only thing to do with Eagle stock is to short! These guys now have way too much debt! Kherson

[whowhotwo]

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[PSNstilllaughs]

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[runohyah3]

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[truthteller2]

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[khersontroll]

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[johnnyfranko3]

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[MattandKos]

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[runohyah3]

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[2funnylives]

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[sotruebilly1]

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[redshine3]

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[luluwho6]

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[westrovert5]

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[alhandKher]

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[gennext2]

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[truthsekers2]

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[blahwho3]

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[johnjrickster]

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[PSNstilllaughs]

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[bigtunagreen]

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[MattandKos]

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[Kherson]