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.

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Post by Proud_Canadian2on Jun 18, 2014 5:22pm

To Sukhi19,

It is impossible not to agree with you. Over the short term SGL is a toss and may either remain stagnant for the next few months or even drop lower. But since I don’t see the picture as dire as some ...more

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Comment by Sukhi19on Jun 18, 2014 4:11pm

RE:Important quote from June 17 press release

PC2, More often than not, the dividend cut results in a negative response by the market. The problem is not the dividend alone it's more than one issue namely debt, very high yield and ...more

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Post by Proud_Canadian2on Jun 18, 2014 3:10pm

Important quote from June 17 press release

Mr. O'Byrne said, "I am excited about the opportunities and challenges presented by my new role at Spyglass. The executive team and I look forward to working with our stakeholders on the ...more

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Comment by Seppelton Jun 18, 2014 2:56pm

RE:OIL & POLITICS – the two “elements” that always mix.

Good post... Apart from geopolitical issues, I am investing in Canadian energy E&Ps because they produce an essential commodity, that is oil and natural gas, and they operate in best ...more

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Post by Proud_Canadian2on Jun 18, 2014 1:27pm

OIL & POLITICS – the two “elements” that always mix.

Based on what is beginning to unwind in the Middle East, the two “elements” on which the world runs to lubricate its gears – oil and the politics of oil – this time may mix into a kind of acid that ...more

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Discussion

Comment by Proud_Canadian2on Jun 18, 2014 1:02pm

RE:RE:RE:SGL – the best case scenario 12 months from now

I agree with you both. Indeed... I own other, much bigger and better equipped "oil boats" in this sector [like CNQ], where my anxieties are certainly much lower than with SGL. See my next ...more

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Comment by Seppelton Jun 18, 2014 12:13pm

RE:RE:SGL – the best case scenario 12 months from now

Agree... What do you think of the recent change in management? Do you think the new CEO will be given the honor to cut the dividend so Buchanan can safe his face? Often, depending on debt to cash ...more

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Comment by sanityseekeron Jun 18, 2014 11:40am

RE:SGL – the best case scenario 12 months from now

Proud Canadian2 - last year you could have bought a sound company like Suncor with massive reserves that don't need to be found or proven, very strong cash flow and sound management at 10 times ...more

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Comment by cenderon Jun 17, 2014 7:18pm

RE:RE:RE:Spyglass declares 2.25-cent June dividend

"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 ...more

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Post by Proud_Canadian2on Jun 17, 2014 12:30pm

Blast hits Russian gas pipeline in E. Ukraine

https://www.thetimes.co.uk/tto/news/world/europe/article4121972.ece https://rt.com/news/166532-gas-pipeline-blast-ukraine/ Gas transit pipeline explodes in E. Ukraine Published time: June ...more

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Post by Proud_Canadian2on Jun 17, 2014 11:52am

SGL – the best case scenario 12 months from now

Income calculations presented are based on Q1 2014 production of Gas and Oil [presented separately and then added]. Assumed INCREASES in commodity prices: $1.00 for Nat Gas and $5.00 for Oil. Take ...more

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Comment by Seppelton Jun 17, 2014 10:38am

RE:RE:RE:RE:RE:Spyglass declares 2.25-cent June dividend

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 ...more

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Comment by power_auditoron Jun 17, 2014 9:27am

RE:RE:RE:RE:Spyglass declares 2.25-cent June dividend

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 ...more

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Post by Seppelton Jun 17, 2014 8:42am

New CEO

Let's see how the market reacts. The old CEO took over the board.

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Comment by Seppelton Jun 16, 2014 10:31pm

RE:RE:RE:Spyglass declares 2.25-cent June dividend

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 ...more

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Discussion

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