Branham Law, LLP is investigating the Board of Directors of Equal Energy Ltd. (“Equal Energy”) (NYSE: EQU) for potential claims resulting from a recent agreement with Petroflow Energy Corporation and Petroflow Canada Acquisition Corp. Pursuant to the agreement Equal Energy shareholders will receive $5.43 in cash per owned share. The deal is valued at $230 million. Affected investors interested in learning more about the transaction should contact Trey Branham at Branham Law, LLP at 214-722-5990 or via email at firstname.lastname@example.org. There is no fee or cost to you. The investigation is focused on whether the Board of Directors fulfilled its fiduciary duties to shareholders in evaluating this transaction. This transaction appears to hold little value for shareholders as Equal Energy has recently traded at $5.50 per share (December 5, 2013) and $4.89 per share (January 2012). It appears that one of Equal Energy’s largest shareholders has also expressed concerns about the company’s strategic direction. Branham Law, LLP is a Dallas based litigation boutique with significant class action and securities litigation experience.