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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 > No leadership
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Comment by cenderon Aug 15, 2014 12:30am
352 Views
Post# 22845020

RE:RE:No leadership

RE:RE:No leadershipDixonville should be fully back in a few weeks time  as they stated at the time of  'sabotage'  (lol, 3 seperate incidences in 2 months ...wow)   , going on 6 weeks now  and it does make you wonder . Most likely a lot of corrosion in those pipes as waterflood can eat away a few millimeters per year if you dont have the right liners . That is about 1800 barrels of oil(60% of dixy) missing from production currently so  as of today a $15 mill. hit to Q3 revenue  .  Other than that  the weak ng price is not helping and production from several U.S plays shows no sign of backing off in the next few years , still I believe ng price wont sink much further . Export of liquid ng cannot come soon enough !
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