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Spyglass Resources Corp SGLRF

Energy Oil & Gas E&P Energy
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

Spyglass Resources Corp > Share buy back
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Comment by Jimmy2014on Jan 16, 2015 10:40am
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Post# 23327587

RE:RE:Share buy back

RE:RE:Share buy back Is the sum of its parts worth more than 0.30 cents/share?  What is the break up value of the company?  100 million for 50% of Dixonville is a guide for the other 50%, but what about their other assets?  You could come to your own conclusions.

Share buybacks generally have a limited impact on a short term basis.  Sherritt International has commenced to buy back shares, but their share price is still languishing.  Far better to use the funds to strengthen their balance sheet and the share price will follow.
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