Post by
moneyforsale on Apr 04, 2013 4:41pm
drip
does anyone know if the monthly .0225 per share dividend will be cash only or will we be able to receive spyglass shares each month instead , which I prefer . I have 2600 shares avf (SGL) after transfer which would add about 23 shares each month. Hopefully oil stays around 90 dollar mark even though the inventory levels in the US are very high right now. GLTA
Comment by
Kherson on Apr 04, 2013 4:45pm
Moneyforsale, I am pretty sure you can receive either cash, shares or Mexican Jumping Beans. Personally, I prefer the cash... Kherson
Comment by
trismigistus on Apr 04, 2013 4:52pm
They have stated that they will be instituting a DRIP program where you can opt to add shares every month instead of taking cash. Probably will take them a month, or so to get it going. Spyglass will be instituting a Hedge Program (PUTS), so if oil drops in price the dividends are protected. All the Oil and Gas companies that pay dividends do.
Comment by
moneyforsale on Apr 04, 2013 4:54pm
the mexican jumping beans are for more aggressive investors so I will stick with shares