Spyglass Resources Corp SGLRF

Spyglass declares 2.25-cent June dividend

[PUNJABI]

Spyglass declares 2.25-cent June dividend
Ticker Symbol: C:SGL
Spyglass declares 2.25-cent June dividend
Spyglass Resources Corp (C:SGL)
Shares Issued 128,076,720
Last Close 6/12/2014 $1.75
Friday June 13 2014 - News Release
Mr. Tom Buchanan reports
SPYGLASS RESOURCES CORP. ANNOUNCES JUNE DIVIDEND
Spyglass Resources Corp.'s board of directors has approved the June, 2014, monthly dividend of 2.25 cents per share payable on July 15, 2014, to shareholders of record on June 27, 2014. The ex dividend date will be June 25, 2014.
We seek Safe Harbor.

[hatfieldshawn]

This post has been removed in accordance with Community Policy

[cender]

goodbye $3 million , thats 2 nice wells  body{zoom:175%!important;}

[power_auditor]

Shareholders who like our 15% div....should take a few minutes and go over the June presentation on the website....nice to the Cessford marked on the map...and the rational that mgmt presents for keeping that div.....since Cender you seem to be against this div. policy,the presentation will not change your  mind....but since you must be a shareholder here...you should be very happy collecting

[Seppelt]

One of my accounts, which is more than 90% invested in dividend paying E&Ps has only one 'red' stock which is a looser (~10%) and that is SGL. A 15% dividend is of little help while other major holdings show gains of 35-50% and more plus 5-8% dividends. There is nothing new in it's June presentation. This was and still is a marginal dividend model which is stuck with $300 mil

[power_auditor]

Seppelt.....maybe the "optimal" word here is timing....time to buy and time to sell....Whether O'Byrne will now re-assess the financial books and make a proposal to take 0.005 to 0.01cts off the dividend has in all probability been rehashed among the BOD for a long time now....but there is no cash crunch so why give in to the "shorts"?  If the debt was not managable

[Seppelt]

p_a, Thanks for advise about timing, etc. After 30+ years investing, I am still learning... I have invested enough in SGL, more than $150K, and I will definetely will not sell my winners. Looking back about 5-8 months ago when I was accummulating CPG, ERF, LTS, SGY, etc. and RPL+LNV (now taken over), I wish, I would sell SGL in favor of the above, instead of

[cender]

"nice to the Cessford marked on the map"   ... lets  cross our fingers for a second and third  well in this   area with large flow  as I know they are building capacity  around it - maybe its the ace in the hole ?   I wouldnt say I am a  content shareholder  but for now but I am holding   because   I see the potential in Spyglass