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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 cenderon Aug 21, 2014 10:00am

RE:Could be puke day.

i hope so , now priced at $34,000 per flowing barrel ...dirt cheap, almost like shopping at the dollar store body{zoom:175%!important;}
Comment by jelecton Aug 20, 2014 2:18pm

RE:the pop

I also sold and added to the TBE I already have.
Post by leo101on Aug 20, 2014 1:58pm

the pop

yes, like other earnings releases there was a bit of a pop when the numbers came out but it's back to its old tricks of declining after the news is digested. I'm quite happy to have switched ...more  
Comment by cenderon Aug 20, 2014 1:46pm

RE:Will Be a Good Buy between $1.50 and $1.60

am starting to nibble at here again , little worried about dixonville but we must take them at their word on last news release  and believe it is fully restarted in a few weeks   body{zoom ...more  
Post by Sukhi19on Aug 20, 2014 12:48pm

Will Be a Good Buy between $1.50 and $1.60

At some stage NOEL will become a good cash generator. Gas prices should improve in winter and will see SGL gaining strength. Only issue which is keeping it subdued is the debt load and market ...more  
Comment by cenderon Aug 20, 2014 12:10pm

RE:poor netbacks

sgl - 48% liquids , sgy - 87% liquids , lts - 80% liquids ... that explains higher netbacks body{zoom:175%!important;}
Comment by eusdondon Aug 20, 2014 6:55am

RE:poor netbacks

The answer to your question is POOR management, unfortunately...
Post by hawk35on Aug 19, 2014 7:19pm

poor netbacks

Netbacks for SGL are 50% of those for SGY and LTS.  I understand TDW concern.  Does anyone know why their cost structure is so high?
Comment by hawk35on Aug 19, 2014 9:06am

RE:Outlook

I agree a new 52 week low is coming.  Don't expect a sudden drop just a gradual decline.  This is still a show me story and management has not done that in the last 18 months. 
Post by darkstreamon Aug 18, 2014 9:29pm

Outlook

new 52 week low coming very shortly -some unwisely holding for one more dividend payout -some value here but at what level? -IMO its below $1.50.
Comment by Jimmy2014on Aug 18, 2014 2:37pm

RE:RE:RE:RE:RE:RE:No leadership

Dixonville coming back on-line shortly,  coupled with the dividend cut (would have preferred a dividend elimination)  will improve the situation.  I am following SGL and waiting for an ...more  
Comment by Khersonon Aug 18, 2014 2:16pm

RE:RE:RE:RE:RE:No leadership

Very good point Jimmy2014. Looking ahead, do you think that SGL's balance sheet will improve much over the next 2 quarters? Kherson
Comment by Jimmy2014on Aug 18, 2014 1:53pm

RE:RE:RE:RE:No leadership

From reading through the comments it appears that some individuals are very defensive about the leadership.  When poor results are produced questioning the companies leadership is a natural ...more  
Comment by eusdondon Aug 17, 2014 1:52pm

RE:No leadership

I said at the time of the merger that He would cut the dividend, contrary to what He was telling the market___He, as well as some other CEOs of these small cap Canadian O&G companies, ride them ...more  
Comment by power_auditoron Aug 16, 2014 1:18pm

RE:RE:RE:No leadership

I will take the opposite view here...and not "warn others"...but ask questions. Do you think a Lehman Bros. or a Worldcom or an Enron were preventable because they were on more " ...more  
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