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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 rad10on May 14, 2014 10:45pm
482 Views
Post# 22563276

RE:RE:RE:prospects

RE:RE:RE:prospects
gmarke wrote: 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. 


You might want to read up a little bit more:

130 plus % all in pay out = unsustainable
No decrease in debt despite non-core asset sales.

 your buddy is onto something................. load up after the dividend cut.  

I traded into LTS immediately after the divi announcement.  It has helped make up some of the year end tax losses that I took on this P.O.S.  Like Kherson - I got exposed to this dog this through Avenex. 
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