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Spyglass Resources Corp SGLRF

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

Comment by power_auditoron Jul 18, 2014 1:32pm
344 Views
Post# 22760269

RE:RE:RE:RE:Let's see/read what Bill Bonner

RE:RE:RE:RE:Let's see/read what Bill BonnerJust to keep the "balance" flowing here...Andrew McCreath/BNN has come out with his "theory" on Nat/Gas prices going forward.....lower....because US power demand/consumption is down due to the cooler summer weather they(USA)....maybe Ontario as well... are having. High storage + Less demand  = lower price for the fuel and therefore he has come out with a very small list of Cdn producers that "might" be most affected...and there we are on his list...along with cqe,bir,tou,sgl,bxe,tet,pey and cr.

Whether or not he or his HedgeFund will/are shorting these stocks is something left to specualtion as I did not hear him come out and say he has gone short here....but....and this is just my opinion....he has gone short Nat/Gas.

Interesting that he(Andrew) would put such a small fry like SGL on this list....I wonder who dropped our name to him?  Seems out of place in my opinion....but then he runs a HedgeFund so his circle of business insiders might be large and news or opinions on a stock probably move pretty quick.

https://www.bnn.ca/Blogs/2014/07/18/Hesitant-but-stabilized.aspx

The upcoming ex-div date might give us a penny or two but probably the Q2/14 results in Aug. will be the mover....How much of Dixonville is now back on-line and what did the shut-down cost the company in loss revenues and how much Cessford has made up of the shut-down loss?   Going forward a re-rating of the stock should occur if Cessford and Dixonville are both up and producing.   Just my opinion.  GLTA

***Volume is pretty dead here lately...if anybody is still following the short position please post if possible. TIA
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