Spyglass Resources Corp SGLRF

RE:RE:RE:RE:Insider Overview :: Spyglass Resources Corp. (T:SGL)

[Seppelt]

$1 tgt price? This analyst probably called at the wrong time and was told to get lost. At today's oil prices and improved natural gas fundamentals, it should be worth a lot more.

I guess, most investors realize that this is a marginal dividend model but it's all priced in and the play here is based on low market valuation. I hope the management is opting for a merger or a major transaction instead of cutting the dividend. Of course, the latter may be forced by banks...

Short term, they should update us on Dixonville. Hope the press release will be positive, i.e. fixed the damaged pipeline, fully restored production and no major liabilities. I also hope for a positive update on the Cessford well. Mr. Wright probably knows more.