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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 > prospects
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Comment by qwqwon May 14, 2014 9:09pm
395 Views
Post# 22563044

RE:RE:RE:prospects

RE:RE:RE:prospects"I have been reading up a little bit and it seems the dividend is here to stay and that SGL is slowly but surely unloading non-core assests."

There's a $30 mil shortfall between yearly expenditures (capex $60 mil+ div $35 mil)
and CF ($65 mil). The div is far from safe and could be totally eliminated.
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