TSE:EGL

Eagle Energy Inc (EGL.TO)

0.02
-0.00 (0.00%)
as of Oct 24, 2019, 8:00:00 pm Market Open.
20 watching
0
SELL

(Market Call Minute) Own staple units south of border, have been disappointing.

COMMENT

High yield as a general term is generally a lower credit rating. But if economy gets weak it will tend to underperform.

COMMENT

Small oil weighted producer in Texas. Offers very high yield. His caution is that we don’t know if there will be another federal government issue on royalty trusts. He is a little sceptical on this.

BUY
Likes it because the principals behind it are the former Shining Bank ones that have a proven track record of finding interesting properties and developing them.
WATCH
New trust with an unusual structure. Have a Texas property producing 900 barrels a day. Cross border entity an accounting recommendation says won’t be challenged by Revenue Canada. Comfortable with this very convoluted structure? Will they be able to maintain the 10% yield? Can they expand?
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