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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 sanityseekeron Aug 15, 2014 7:19pm
274 Views
Post# 22848313

RE:Details from TD Report.

RE:Details from TD Report.Anyone whose views or investment decision are swayed by this TD report should strongly consider discontinuing their investing activities. Everything stated in their report is abundantly obvious from reading the quarterly and annual reports. If you dont read those you are consciously choosing to make uninformed decisions. The only info this report adds is a guess at the share price in one year. How often are the analysts right with their target price. It is certain to be either wrong or subject to several revisions going forward. I am sitting on a limit order hoping to exit the last of my shares on any modest rally. I think this is a weak management that waited too long to cut the dividend. 

Just my opinion. Anyone who stays in this name should be sure to understand and monitor the cash flow statement carefully each quarter, among other financials. That's what is most likely to give a meaningful indication of where things are going. Ignore meaningless chat room comments on whether there will be a sell off or rally that are generally just talking points based on no considerations of any substance. Just as everyone's predictions of sell offs, buying opportunities or rallies that were meant to happen and didn't with the dividend cut.
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