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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 > Price of Oil Remains Strong
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Comment by Sukhi19on Jun 13, 2014 11:09am
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Post# 22657467

RE:RE:RE:RE:RE:RE:Price of Oil Remains Strong

RE:RE:RE:RE:RE:RE:Price of Oil Remains StrongPUNJABI, Good post as usual. The have to sell some assets to improve their balance sheet. They can not wait too long. Otherwise interest is climbing. Slowly, their options are narrowing down and the dividend is likely to be the first casuality which will drive the SP down, may be in$1.60 range. If they sell the assets and implement a 30% div cut, they may save the ship. 
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