Eagle Energy Trust Up 1% As Achieves 2012 Exit Rate Guidance; Provides 2013 Guidance

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Eagle Energy Trust's (EGL-UN.TO) current working interest production is 3,300 barrels of oil equivalent per day. The company also maintains its full year 2012 guidance: average production of approximately 2,700 boe/d and funds flow from operations of approximately $37 million.

The company's Board of Directors has approved a 2013 capital budget of US$24 million (down 44% year over year). It anticipates average 2013 working interest production in the range of 2,900 to 3,100 boe/d (up 11% year over year) comprised of 88% oil, 8% NGLs and 4% gas.

EGL-UN edged up by 7 cents, or about 1%, to $7.89 in moving further away from year low $7.39. Over 50,000 EGL-UN shares have changed hands.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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