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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 > dividend
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Comment by sanityseekeron Jul 10, 2014 6:28pm
207 Views
Post# 22734916

RE:RE:RE:RE:RE:RE:RE:dividend

RE:RE:RE:RE:RE:RE:RE:dividend
Excessive debt load and depressed share price (as indicated by hi yield) certainly would have made seeking a sale of Renegade a good alternative, as they had no other cards to play. This may now be the case for SGL also.

 These are certainly not the conditions that you would want to create (or exacerbate) ahead of seeking an acquirer if you are trying to maximize the sale price. The assets would need to be that much more attractive to compel the buyer to assume the debt, all other things being equal.

The high debt would make it harder to find a buyer at any particular desired sale price, but would admittedly make it harder to turn down an unsolicited bid that may not be on the most favourable terms.

i would at this point favor a sale, but management certainly is not optimising conditions for a sale from the current share holders' perspective, only making us more desperate for a sale to realize value.
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