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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 hollyberrieson Jul 07, 2014 3:16pm

RE:RE:RE:RE:RE:RE:options being cashed out.............................

Thanks Sanity, you are correct.   I called IR and they confirmed that the recipients are under contract to take their RSU's in cash.
Comment by sanityseekeron Jul 06, 2014 3:53pm

RE:RE:RE:RE:RE:options being cashed out.............................

RAD10 - the year end financial statements clarify that the RSUs are settled only in cash. All the RSUs I have seen before are settled automatically upon vesting without discretion. I believe this is ...more  
Post by BlueCollar51on Jul 06, 2014 12:23pm

The REAL Issues

Poor operational performance. It’s clear that there are infrastructure problems at Dixonville. It does appear that Spyglass is working with the regulator to sort them out. This is the Oil and ...more  
Comment by BlueCollar51on Jul 06, 2014 11:25am

RE:RE:RE:RE:RE:options being cashed out.............................

I am having a hard time understanding why anybody thinks that on July 01 7 SGY insiders exercised a total of 119,743 RSUs for a total of $211,945.11 cash is a cause for alarm.   When you compare ...more  
Comment by rad10on Jul 06, 2014 10:35am

RE:RE:RE:RE:options being cashed out.............................

Sanity - it is your position that an RSU has to be cashed out as soon as it vests?  Surely if the beneficiary feels that stock price appreciation will occur - they will hold onto it for future ...more  
Comment by sanityseekeron Jul 06, 2014 12:26am

RE:RE:RE:options being cashed out.............................

And one more thing, Rad10  - stock options are a form of bonus compensation, that are very often cashed out regardless of the prospects of the employer. People generally like to take their comp ...more  
Comment by sanityseekeron Jul 06, 2014 12:01am

RE:RE:RE:options being cashed out.............................

RSUs are settled only in cash,and are issued by many companies that want bonuses to be tied to share price but don't want the dilution that comes with options. Perhaps you are mistaking them for ...more  
Comment by sanityseekeron Jul 05, 2014 5:09pm

RE:options being cashed out.............................

Just a note to anyone who might otherwise be deceived by Rad10's post.  These were not exercises of options.  These were settlements of RSU's. An RSU settlement is a payment of a ...more  
Comment by jelecton Jul 05, 2014 12:47am

RE:RE:RE:RE:RE:RE:former investor in sgl

I took a look on stockchase and a couple of analysts were mildly positive about it. might be worthwhile taking a small position in it. I sure wouldnt bet the farm. not too many STEVE JOBS types ...more  
Comment by sanityseekeron Jul 04, 2014 9:30pm

RE:RE:RE:RE:RE:former investor in sgl

It's no longer a phone play. The value is in BBM, the patent portfolio, and potential in vehicle applications. There may be good value in BB without any expectation of success in the phone ...more  
Comment by cenderon Jul 04, 2014 8:30pm

RE:RE:RE:RE:former investor in sgl

new phones wont have a chance later this year - competition has them beat  ,bleeding half a billion per Quarter (no more property to sell), short interest growing again - over 11% now(nasdaq ...more  
Comment by sanityseekeron Jul 04, 2014 6:19pm

RE:RE:RE:former investor in sgl

Well said Caddy. @I was looking at Blackberry a couple months ago. Not a joke. And your point about selling off the book value of assets at a lower market price is not on everyone. Giving up this 15 ...more  
Comment by sanityseekeron Jul 04, 2014 6:12pm

RE:RE:RE:former investor in sgl

Well said Caddy.  I was looking at Blackberry a couple months ago. Not a joke. And your point about selling off the book value of assets at a lower market price is not on everyone. Giving up this ...more  
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