Spyglass Resources Corp SGLRF

RE:RE:RE:RE:Clarke management view on Spyglass

[sanityseeker]

The dividend cut is likely a certainty, as telegraphed by the definitive comments on it in sustainability (they would have never made the comments otherwise, it was advance notice not to expect another dividend). It the best news I've heard from this company in the past year. IMO, The comments were stating the obvious and should have been made two or three quarters ago, but better late then never I guess. I think reality is far more important than market perception at this point. No need to wait to see if oil ho's back to $90. History has already shown dividend to be unsustainable at that price (see prior quarter cashflow statements and production declines).