Spyglass Resources Corp SGLRF

Spyglass Resources Corp is an oil and gas exploration and production company that conducts its operations in the Western Canadian Sedimentary Basin. The Company is a dividend paying, intermediate oil & gas company that trades on the TSX under the symbol 'SGL'. It operates oil and natural gas properties in Alberta, Saskatchewan and British Columbia.

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Spyglass Resources Corp

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Comment by Kingscourton Jul 12, 2013 7:13pm

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Post# 21605394

RE:RE:RE:THE Goverrnment loves SGL and its shareholders

Of course there are many types of taxes. Thank you for pointing out the obvious. The fact remains the TFSA is the best option for holding an investment like Spyglass, which currently pays a substantial dividend, and also has a possibility of capital appreciation. Since this investment was purchased with after tax dollars, about 35% of that dollar (in my case) is all the tax I will pay on it. I could have unlimited gains, plus distributions on that dollar and not pay a cent more to the government. They do have many ways of getting their hands on our money, but this is the best option they have given us DIY investors.

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