GREY:SGLRF - Post by User
Post by
leo101on Nov 17, 2014 8:44pm
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Post# 23138219
TD
TDTDwaterhouse lowered their target to 60 cents with a "reduce" recommendation. They go on to say the SGL has the LOWEST cash margins of any company under coverage:
"2015 cash margins (as defined by cash flow divided by revenue) of 23% are the lowest for any company
under coverage (Operating Cost Trends in the WCSB). As a result, we believe that the current headwinds
facing the oil and gas industry will likely be challenging for Spyglass, more so than its peer group. "