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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 konzelmannon Nov 18, 2014 9:55am
290 Views
Post# 23139303

RE:House of shame nominees___ John and Tom

RE:House of shame nominees___ John and Tom
IMO they should cut the dividend to zero at this point until they have things under control. Short-term pain for the preservation of the company. Or else, SGL is probably doomed. Things have been so bad, cutting the dividend repeatedly isn't any better than just cutting it all together. And if they find that things come together well, see where the share price lands a year from now and bring back a reasonable dividend with a yield that actually makes sense based on where-ever production is after asset sales, and where-ever the stock price is.
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