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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.


GREY:SGLRF - Post by User

Bullboard Posts
Post by qwqwon Nov 14, 2013 11:01pm
392 Views
Post# 21908278

Cash Flow

Cash FlowDespite high oil prices (WTI averaged $106 during Q3,CDN heavy oil $88), Q3 Cash flow  was only $1 mil higher than Q2's ???????????  
For those who predicted much higher CF for Q3,where is it hiding?  h
Current oil prices are a lot lower than Q3's, WTI is $93 and heavy oil is $62. These numbers are similar to Q1's when Spy's average oil price was $72, quite a bit less than Q3's $97.Currently Spy is gaining a few $mil on the gas side but how much are they losing on the oil side? Unless heavy oil recovers or NG goes up a fair bit, cash flow going forward will be dissappointing.
Q3 annualized CF was $86 mil giving Spy a debt to CF ratio of 3.4?????????   
After deducting $17 mil worth of property sales, debt only dropped by $5 mil?????? 
How will they ever pay down the debt or maintain the div?
Widows and orphans please look elsewhere,masocists well done.



  





 










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