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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GREY:SGLRF - Post Discussion

Spyglass Resources Corp > Going hostile?

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Post by power_auditor on Nov 25, 2014 7:21pm

Going hostile?

Seems pretty abrupt.....maybe a hostile bid coming in from some disgrunted shareholders(I wonder who has a few million or more shrs just sitting around collecting 0.015cts but have lost their value (understatement to say the least)...over the past yr or so?

Dir. Rapp resigns....just got on in Sept....hardly had time to settle in....and if you read the nr you will notice the company did not mention that they wish him well in his new endeavour....Who is pulling the strings here?

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Comment by darkstream on Nov 25, 2014 11:11pm

a million shares dumped in last 5 minutes of close - anyone know what the frack is going on here?

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Comment by Analysis98 on Nov 25, 2014 11:32pm

OPEC won't cut on Thursday. Oil will test low 60's. Spyglass can't cope with this. SP will move under .50. People are bailing that is what the late trades were all about. Disclosure, I won't buy here at any price.

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Comment by Kherson on Nov 25, 2014 11:34pm

Yes, I believe I now know what is going on. Welcome to the next Sherritt Inc. shzt show. Keep in mind that George Armoyan bought his original shares, the same as I did, through Avenex. Tom Dumb actually met with the Clarke gang before the merger was voted on. I would say that Clarke Inc. ain't exactly happy with the outcome of their Avenex investment... Kherson

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Comment by dismalscience on Nov 26, 2014 12:07am

That's funny. According to INK, Armoyan only holds about 40,000 restricted share units granted him in Sep/13 and Jan/14. He holds no common shares.

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Comment by Kherson on Nov 26, 2014 12:41am

Wow, dismalscience, you really have no idea who George Armoyan is or what he does. Check out Clarke Inc's November presentation and then get back to us concerning what George Armoyan actually owns or controls... Kherson P.S. More like 6 million shares...

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Comment by pennydredful on Nov 26, 2014 12:18am

Now that Geoge A. has dumped all his shares he no longer needs a man on the board thus the resignation. I guess he reads the writing on the wall -- BANKRUPTCY

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Comment by power_auditor on Nov 29, 2014 2:20pm

If the Co. line from CKI is "time restraints" then this would call into question the ability of the team running the investment division of CKI would it not? Since I am content to collect 0.015 cts a month while the Brents,WTI's and WCS's fight it out as to where the world is most in equilbrium in terms of supply and demand then this board should be content as well....capital ...more

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