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Bullboard - Stock Discussion Forum 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 Discussion

Spyglass Resources Corp > SGL news
View:
Post by blondeBond on Sep 11, 2014 5:39pm

SGL news

CALGARY, ALBERTA--(Marketwired - Sept. 11, 2014) - Spyglass Resources Corp. ("Spyglass", or the "Company") (TSX:SGL)(OTCQX:SGLRF) announces the closing of the non-core asset dispositions disclosed in the Company's August 12, 2014 news release. Net proceeds of $43 million (after normal closing adjustments) have been received in the third quarter in addition to the second quarter proceeds of $7 million. Dispositions closed to date in the third quarter were reported as assets held for sale at June 30, 2014. The Company's credit facility has been reduced by $10 million to $365 million reflecting the impact of these transactions on the Company's borrowing capacity.

September Dividend

The Board has approved the September cash dividend of $0.015 per share ($0.18 per share annualized) payable on October 15, 2014 to shareholders of record on September 26, 2014. The ex-dividend date will be September 24, 2014. 

Read more at https://www.stockhouse.com/news/press-releases/2014/09/11/spyglass-resources-corp-announces-closing-of-previously-announced-non-core#W0QzhMWqml5so2ED.99

Comment by darkstream on Sep 11, 2014 8:04pm
I would like to see a merger between SGL and LTS. Think it makes a lot of sense at this point. Could call it Glass House (GH)
Comment by darkstream on Sep 11, 2014 8:09pm
sorry GH is taken. Maybe GHO.
Comment by rad10 on Sep 12, 2014 11:29am
Everytime something like this occurs the Calgary Country Club wins - who pays?  You and I the common share holder.............................. Ridiculous severances were generated on the "successful" completion of the three way merger.
Comment by leo101 on Sep 12, 2014 12:34pm
yes, that last merger worked out so well.
Comment by eusdond on Sep 16, 2014 7:41am
I think it's plain to see now, even to those pumpers who said the merger was going to be the best thing since pockets on a shirt, that the merger and the next one that they undoubtably are planning is nothing more than a vehicle by which to rape the common shareholders with astronomical severance packages as you say...
Spyglass Resources Corp