Spyglass Resources Corp SGLRF

Mock 3, speed.

[Dbunker]

December 18, 2014
Spyglass Resources Corp. Announces Closing of Previously Announced $100 Million Asset Sale

These guys  don't mess around they already lowered dept with this money. Never have I seen something like this go that fast,  WTF  Why I missed this on friday is  beyond me, wow .  DB

[CanadianJrs]

Its good for a quick flip but remember they may be buying back 10% of the float but they still plan on divesting 10% or more of the company be cautious with this play is all I have to say. I averaged down this week and sold out at $0.46 on friday at a 5% loss. I feel till they get their base figured out and can come out with a steady production out look this play is too risky to stay in for the

[darkstream]

-they are allowed to buy back 78000 shares per day plus block purchases -hope they are doing this starting today

[Dbunker]

Couldn't agree more darkstream if they return ten percent less shares for cheeper than 100,000 000 then that would be a huge win. Great move, one which they could use to take over other companies as the share price comes back up.  Loving this move. DB

[CanadianJrs]

TD Waterhouse rating as of 3 days ago Spyglass Resources Corp. (SGL-T) C$0.43 Suspending Coverage With a 20% decline rate and and more then 10% divesting to come. A low oil price and low natgas prices, plus 195 million in debt this company is far from being capable of purchasing other companies plus the current CEO isn't about growth he's about sustaining a certain price as he

[CanadianJrs]

Sorry and they still have $182 million and net debt is still $195 million and only able to borrow $200 million so not much room to play with.

[Joe454]

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[CanadianJrs]

Yes I still own shares cause the commissions on an odd lot are too much. But if that matters to you Joe then you're not worth warning

[Joe454]

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[CanadianJrs]

I'm not going to argue with someone that's ignored by 285 people make that 286. It just shows me most of stockhouse thinks you're an uneducated twit.

[Joe454]

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[righand2]

Are you calling yourself ignorant? Not that I would disagree with that! hahahah

[Joe454]

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