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.

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Spyglass Resources Corp > The remaining 50% of Dixonville

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Comment by tvstockon Jan 03, 2015 7:57pm

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Post# 23283098

RE:RE:RE:RE:The remaining 50% of Dixonville

340million -> 200 million credit limit when they sold the 50% Dixonville + red earth

Your preidctions are likely.

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That 50% produce approx 11.4 million free cash flow at 70 WTI.

A reduction in 100m debt with a reduction in cashflow of 11.4 million is not bad. Their current debt/cashflow will drop significantly.

Oil price is around 55 now, but there is a little bit of compensation if Dixonville can go back from 70% to 100% capacity.

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First Nations contributions attract investor interest