Spyglass Resources Corp SGLRF

SGL moving up nicely this AM

[shambano1]

maybe the cessford well is coming on-line soon and the numbers may be very profitable?

plus a followup cessford well is planned in q3.

what else can be moving our SP higher today on good volume.

or maybe short covering because this well results and the new Noel well could very well be scaring the shorts?

I'm long and biased so DYODD

[cender]

Looking at the bid/ask the last few weeks , it seems to me we either have 1)a very large player is boxing in the share price  for a possible takeout offer  much like happened to renegade recently  and forest oil also ...or  2) we have two opposing forces equal in strength  -( one desperately trying to exit an extremely well valued company ??? lol) ...and the other seeing

[PUNJABI]

I trade this stock from time to time. This stock is range bound with negative bias till the company gets its act together. In the meantime the only way to make money is by trading it. This company has a very high NAV compared to the current share price & if someone takes out the company it should be at much higher price. The existing large shareholders own the stock at much higher cost

[cender]

"I do not think that this stock is being capped by someone to suppress the share price for a takeover.   However short sellers’ interest is served when the stock is under pressure, capped or finds resistance."    ... those short sellers will find it tough getting this down more than a few percent from here , saw 3000 bid lots in the 1.65 - 1. 71 range  body{zoom