GREY:SGLRF - Post by User
Post by
blondeBondon Dec 19, 2013 2:55pm
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Post# 22023867
Scotiabank Daily Edge re-rating
Scotiabank Daily Edge re-rating We are revising our rating on Spyglass to Sector Underperform and
reducing our target price to $2.00 per share (prev. $2.50).
In our view, SGL faces necessary deleveraging over the next year, which if achieved
through assets sales, could further hinder production growth and bring
sustainability of the dividend into question.