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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Spyglass Resources Corp

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Comment by pwalk140on Oct 25, 2013 2:18pm

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Post# 21849761

RE:RE:RE:RE:RE:RE:Bill Bonner top pick

Yes and No.

Don't be fooled that you dont pay for DRIP when done through your broker. Your broker will round to the nearest share and keep everything after the decimal for themselves. They also use a Market Price as at date, as you specified.

On the other hand a company supported DRIP program will give you the "after the decimal" shares and give you a discounted price on the share price, generally 95% of the VWAP (Volume Weighted Average Price) for a specific number of days before the x date, usually 5-10 days before.

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