Eagle Energy Inc EGRGF

First quarter will tell all

[downtozero]

Oil is up. They have no capex this year. Expenses should be down and hopefully they can cut a lot more. There should be no writeoffs since they did all that last year. If they make a decent profit, then the stock will jump. If they don't, likely the lenders will forclose.

[pablo87]

I wild guesstimate field cashflow from Canadian operations at $3M? Admin lets say $1.5M ($9 per BOE, LOL), interest at $1M ($6 per BOE, lol) and US field cashflow at $2.5M?. That would give us $3M cashflow. Needs to be at least $2M IMO. My guess is the lenders are monitoring the cash balances daily, they could pull the plug at anytime but since they are getting 10-11% interest (no wonder if they