Spyglass Resources Corp SGLRF

Price of Oil Remains Strong

[hawk35]

For most of Q2 the price of oil has been very strong and consistently over 100.00.
Today it reached 106.00+ and may go higer with the Iraq situation.  And U.S. crude stockpiles have now fallen for a second week that should help support the POE.

[cender]

DRILL MORE NOW  , i dont want  my dividend is there a way of sending it back to the company  ?,lol  body{zoom:175%!important;}

[shambano1]

sell your shares if you don't want a dividend and why did you buy a dividend stock in the first place. Spyglass will not change their dividend model no matter how much U bTch so either be happy with a 15% yield that is supported in 2014 or sell. no sense complaining nobody cares what you think. I'm long and happy with my dividend/ oh BTW another dividend is on the way with an

[sanityseeker]

If you are so eager to continue to monetize your investment in SGL to the detriment of the longer term prospects of sgl and it's shareholder value, by way of an irresponsible dividend policy, it is you who should sell. That would be a much smarter way to monetize.  Maintaining a 15 percent yield for an over leveraged company is just irresponsible governance. Shareholders have a right to

[shambano1]

sanityseeker new poster since june 9. you will never find any sanity in the stock market, better seek elsewhere, maybe the bond market. here is another unsanity hint, the market rarely gets anything right, and that's how you make money by buying under-valued stocks or shorting they become much more valuable. so here's the rub on SGL, their NAV is much higher than the current share

[sanityseeker]

shambano1 - We'll said. I don't entirely disagree. I bought into sgl for a full position last summer when it sold off to under $1.60 on bad earnings release. I thought it was compelling given that the value of the proven reserves was steeply discounted and the probable reserves were free. I care not at all whether a dividend cut would cause a perception by the market of less risk. I only

[shambano1]

I'm not saying the sell-off will be huge like down to 1.00 but you can't expect no drop in SP if and when they lower the dividend. it's just human nature to sell when things look bad and cutting the dividend will look bad. I will buy on any dip because I think they have some nice assets and low risk develoment opportunities. I also think they will at some point announce a fairly

[PUNJABI]

Bano, Investors who have plan & answers to all the ifs / possible scenarios usually do all right. They can get out of a bad situation or take advantage of an opportunity when it arrives. Stocks are unpredictable & one should be prepared for every possible scenario, even the worst case scenario.  I like to look at the worst case scenario for the companies I touch or a point to stay

[Sukhi19]

PUNJABI, Good post as usual. The have to sell some assets to improve their balance sheet. They can not wait too long. Otherwise interest is climbing. Slowly, their options are narrowing down and the dividend is likely to be the first casuality which will drive the SP down, may be in$1.60 range. If they sell the assets and implement a 30% div cut, they may save the ship. 

[sanityseeker]

Punjabi - be careful not to cloud the issue.  We all hold this stock at an opportunity coat of approximately $1.75 per share. What is good for each of us as shareholders is the same regardless of what our initial (sunk) cost is. The risk reward ratio is the same for everyone, since each of us has a choice of holding the share today or holding the proceeds at today's share price.  The

[jelect]

a lot of good posts today. I would like to see a significant non core asset sale. I look at RLI of oil and gas companies and SGL is ~14. and does anyone think that a dividend cut is already factored into the stock price?

[shambano1]

I think it's factored into current SP but if it happens and that's a big if in my mind with some very promising well results due in 2-4 weeks, first with operational update in mid july and then with q2 report in mid august and with high commodity prices, my guess is no cut in the short term. but with a high yield of 15 % it has to be factored in for sure. but nobody knows the future and

[jelect]

shambano1  appreciate your comments. july update should be interesting.