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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 > How long now?
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Comment by Khersonon Dec 14, 2015 4:34am
249 Views
Post# 24381949

RE:How long now?

RE:How long now?
Want2Cit wrote: So how long is Ernst and Young going to run Spyglass? Why would they put money into a company that is losing money for very long? Will they eventually shut everything down or at least some areas?


SpyGlass is now under CCAA protection. Far from putting money into the company, E&Y are actually making money as they have stopped paying the bills that were owing. Sadly for those who are owed monies, not only is that money most likely now gone, they have to now to continue on their business dealings with the company while under CCAA protection.
Don't worry folks, E&Y will make money under the court appointed CCAA process and the banks will get most of their monies back...
Those losing will have been the investors and the suppliers...
Kherson


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