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Bullboard - Stock Discussion Forum 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.

Bullboard (GREY:SGLRF)

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Comment by seatleslimon Dec 06, 2014 1:32pm

RE:RE:RE:RE:RE:The question is , Is the dividend safe?

I think it would be fairly reckless to pay a dividend at this point. In the new commodity price environment, cash flows will be down and borrowing base will be down. They need to sell some assets, get ...more  
Comment by eusdondon Dec 06, 2014 12:14pm

RE:well here we are now on the target price.............

Sad but true___ Remember how the Avenex boys made out like bandits at the shareholders expense and these guys are much, much more ruthless than they were...
Comment by eusdondon Dec 06, 2014 2:36am

RE:RE:RE:RE:RE:The question is , Is the dividend safe?

SGL's management team are glad to see this collapse in oil prices___ They will use it to no end cover their incompetence and mismanagment... Who knows, they may already be looking to buy a hockey ...more  
Comment by power_auditoron Dec 05, 2014 9:34pm

RE:RE:RE:RE:The question is , Is the dividend safe?

Interesting comment there Seatleslim.   So if the stock goes to $5.00 or 0.05cts the dividend policy is based on the shareprice?   I am very,very confident that the  folks in this ...more  
Comment by seatleslimon Dec 05, 2014 6:36pm

RE:RE:RE:The question is , Is the dividend safe?

Dividend is as good as gone. If nothing else the market has already eliminated it for them. That's what .50 stock price means. Not necessarily a bad thing, especially if it coincides with an asset ...more  
Post by leo101on Dec 05, 2014 11:47am

frankie lee and judas priest

anyone holding this dog should listen to dylan: "All right, I'll leave you here But you'd better hurry up and choose Which of those bills you want Before they all disappear"
Comment by shev72on Dec 05, 2014 11:26am

RE:The question is , Is the dividend safe?

Of course the dividend is not safe, the main question here is if this company is going bankrupt!
Comment by queseaon Dec 03, 2014 10:49pm

RE:RE:Sale of property

Wow I'm glad I got outa here, this sale is very poor for the company & one must consider it suspect legally !! Wonder why there isn't a name for the buyer ?? CNQ will pick up the pieces by ...more  
Comment by eusdondon Dec 02, 2014 4:19pm

RE:Sale of property

thought process ? The same one that has them stumped as to whether Jesus was crucified or killed in a car wreck... These guys are not the sharpest knives in the drawer...
Post by CanadianJrson Dec 02, 2014 11:26am

Sale of property

Can anyone explain to me the thought process of selling a property that earns 4.9 million a year before costs gets sold for 12.3 million. Just curious is all and trying to figure out how this benefits ...more  
Comment by bullcharton Dec 02, 2014 10:36am

RE:$75 Oil Means Patches of Texas Lose Money for Shale Drillers

That is the plan of the middle east cheap oil. Bound to happen when you cut in on their supply. Those birds can still pump out of the ground for under 10.00 so they will hold this back as long as it ...more  
Comment by benmaxon Dec 01, 2014 5:35pm

RE:RE:RE:More Info Please

Not sure who bought it. I am sure that will come out in future reports. I do know the transaction closed with proceeds to the Company of $12.3 mil less closing adjustments
Comment by power_auditoron Dec 01, 2014 4:34pm

RE:RE:More Info Please

BenMax.....do not forget to add that SGL has "thrown in" some very valuable seismic data for the area which must have been worth something to either the buyer and/or Spyglass.   This ...more  
Comment by darkstreamon Dec 01, 2014 3:35pm

RE:RE:More Info Please

who bought it? -also no one puts the word purchase in a sale of property - first time ever where the purchaser has not been disclosed?
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