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 > resignation

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Post by leo101 on Nov 25, 2014 10:26pm

resignation

Director Michael Rapps resigned. He probably resigned out of disgust over the last misleading earnings report.

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Comment by Kherson on Nov 26, 2014 9:33am

The question now is whether Clarke Inc. will hold on to their shares, or sell. Then again, Clarke Inc. might try get control of the Board through a proxy fight. Reading through Clarke's MD&A's, one is given the impression that they feel that SGL is under-valued... Kherson

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Comment by sammys on Nov 26, 2014 9:39am

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Comment by jconway on Nov 26, 2014 9:43am

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Comment by johnylives1 on Nov 26, 2014 9:49am

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Comment by bbarberayr on Nov 26, 2014 10:16am

Undervalued, but an unsustainable dividend policy. Rapps must not have been able to implement the changes Clarke wanted to see there.

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Comment by Kherson on Nov 26, 2014 5:14pm

Micheal Rapps left the BOD of Spyglass due time constraints. Clarke Inc. is and will be holding on to their shares as they still believe the company is under-valued... Kherson

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