Founded in 2010, Eagle is an oil and gas energy corporation which has pivoted from a low growth, sustainable dividend model and is superbly positioned to realize near-term capital appreciation, and sustainable production growth with significant positve torque to oil price increases.
Eagle owns stable, primarily oil producing properties with development and exploitation potential in Canada and the United States. Eagle operates all four of its major assets.
Eagle focuses its acquisition efforts in Canada and the United States on high quality producing properties with proven reserves and additional development potential. Eagle currently owns properties in Alberta, and in Caldwell, Hardeman and Palo Pinto counties in Texas. Eagle does not generally participate in exploration activities.
Each of the directors and members of the management team has 15 to 35 years of experience in the petroleum industry. In addition, management has extensive experience acquiring and developing oil and gas assets in Canada and in the U.S.
Eagle's shares trade on the Toronto Stock Exchange under the symbol “EGL”.
Eagle targets assets that have the following characteristics:
Reserves and Risk Level - Producing reserves with low risk exploitation and development potential.
Sustainable - Production with low sustaining capital requirements.
Location - Properties located in the established petroleum producing midcontinent region of the U.S. and the provinces of Alberta and Saskatchewan in Canada. These areas have conventional assets with long-life production profiles, unexploited low-risk upside, access to infrastructure and favorable operating costs. Investment opportunities in other areas may be assessed from time to time if those opportunities meet Eagle's investment criteria.
Operations - Eagle currently operates all of its properties and targets assets for acquisition which it can operate.
Commodity Balance - Eagle's properties have significant positive torque to oil price increases. Over the long term, Eagle intends to hold a balanced portfolio of petroleum producing properties.