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Spyglass Resources Corp SGLRF

Energy Oil & Gas E&P Energy
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

Spyglass Resources Corp
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Comment by IQmannon Mar 11, 2014 10:14pm
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Post# 22311131

RE:RE:Bad 4th Quarter

RE:RE:Bad 4th QuarterCrappy differentials, crappy quarter.   Complete opposite of Q3.

if NG prices stay in 4.25 range or better for 2014 the dividend is safe.    Forward curve if way above that.    If differentials do better in 2014, they can put that into more drilling or debt reduction.   300mill is high but ok debt level for a company this size.  With higher NG price curve bank line maxs are more likely to go than down now on renewals thru sector

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