Spyglass Resources Corp SGLRF

New 52 Week Low ---$1.55

[bonjovi501]

There are deals and then there are deals. I have been a shareholder from over the $2.00 days and have seen the share price slide and the divi cut. I would not be surprised if they cut the divi in half next time or all together. I would rather they put all the money towards the debt or more drilling to get us some value. How low will we go? I can not see us dropping below $1.50 as buyers will come in hand over foot. I will continue to hold as I expect oil to rise back over $100 before years end.

[Joe454]

This post has been removed in accordance with Community Policy

[shambano1]

there is one thing I have learned over the past 35 years of investing, the only way to make serious money is with greed and fear because these 2 emotions provide investors with great opportunities to sell over-priced stocks and great opportunities to buy under-valued stocks. I welcome fear at this time and buying SGL today is not for a quick flip in the enxt 3-6 months, it's for 2-3 years

[Sukhi19]

shambano1, Good analysis. I would like to draw a comparasion with TBE,LRE, SGY, LEG and even cPG. Some people may laugh at me clainiming that it is like comparing apples to oranges. But at the risk of being ridiculed, I say that if we compare assets, EV/CF, EV/DACF, Insider buying ( millions invested by David Wright, Tom  and number of other insiders) and future potentional of NOEL, SGL is

[konzelmann]

I do feel that SGL looks undervalued. I feel it's a combination of perception of high debt, gas weighting being relatively high compared to those others mentioned in most cases, and the fact that production has been going in the wrong direction. So I'd say valuation is cheap, but there is some definite risk here and that's why the valuation is cheap. You need the valuation to be cheap

[shambano1]

Falling production was a combo of sales, dixonville shutins and not much driiling in q2. News wells with Viking, gluac and full month from Noel should help stabalize production and as dixonville starts to come on production may actually start to rise a little. Noel is a very large resource and can add significant reserves to our book but they will a larger cspex to exploit it. Q3 is a busy quarter

[Jimmy2014]

You mentioned you anticipate another 40-50 million in asset sales this year--just how much assets does SGL have to sell?  

[Capharnaum]

In total they could sell over $200M in assets. They had over $700M in assets (lands) when they merged.

[Jimmy2014]

Thanks for the info.