Spyglass Resources Corp SGLRF

Important quote from June 17 press release

[Proud_Canadian2]

Mr. O'Byrne said, "I am excited about the opportunities and challenges presented by my new role at Spyglass. The executive team and I look forward to working with our stakeholders on the implementation of our strategic plan to improve the financial flexibility of Spyglass and enhance long term shareholder value."

Even if I'm reading tea-leafs here, considering the quote above is NOT just another exercise in rhetoric, and given current unusual activity [with House 001 heavily involved resulting excessive relative to the float volumes], I ASSUME that the dividend cut is NOW more probable than not... Looking at the transactions involving 002 & 007 over the past two weeks, it appears that many had already sold only to reenter [as they hope] at lower levels if the dividend is indeed cut.

The problem with the assumption that the stock will drop after such announcement, is that not only the environment in oil & gas sector is POSITIVE to assume the worst about this company; SGL has too many options to prosper within the next 6 months, i.e. after they shed currently constraining hedges in both commodities. After re-entering the stock, I prefer to weather the “storm” invested rather than miss the boat on the way up, much higher IMHO than the stock is trading now. [My assumption is based on the fact that, unless one is investing peanuts in this stock, not tens of thousands [as SGL is relatively illiquid], the run up may prove more costly to re-invest again than to stay put and face the “music”].

This is just an opinion... and I could be completely wrong in all of my assomptions.
PC2