Bullboard - Stock Discussion Forum Spyglass Resources Corp SGLRF

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.

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Spyglass Resources Corp > WTI Price Rebound Despite 8.94 million barrel build

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Post by KathyPookey on Oct 16, 2014 1:13pm

WTI Price Rebound Despite 8.94 million barrel build

the shorts are now covering on WTI - it's at $84.12 - if it was going to crash to $75 it would have done it today on those WTI Cushing inventory build #'s - so looks like panic selling down to $1.02 was an over reaction - read this https://economictimes.indiatimes.com/news/economy/indicators/recent-decline-in-crude-oil-price-artificial-jim-rogers/articleshow/44833118.cms Jim Rogers is the master of commodities

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Comment by Kherson on Oct 16, 2014 10:57pm

I am worried about the longer term price of oil. I am also worried that the now perceived "oil price war", which is Global, could get even worse. Therefore, it would have been prudent for Spyglass to forego at least the next three dividend payments to us shareholders, so that the actual price of oil becomes clearer and therefore SGL could budget accordingly... Having said that ...more

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