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

By Midnight Trader,  December 07, 2012, 11:37:14 AM EDT

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.


This article appears in: Investing, Commodities

Referenced Stocks:



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