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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

Post by Want2Citon Sep 28, 2015 10:04pm
200 Views
Post# 24143501

What do they have left?

What do they have left?So Spyglass sells Dixonville to help pay down their debt. What do they have left?  Dixonville is one of their best areas. Even if they do have any money to do anything, what are they going to develop? They have proven that they can't find oil in the central region which was suppose to be their big under developed area and the gas in the central area loses them money every month. They have nothing left in the north and no where to go in the south. Maybe they shouldn't have spent money like a drunken sailor when they started the company. And what is going to happen with the 5 directors that supposedly resigned? is the three months not up at the end of this month for the Human resources to decide the next move?
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