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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 > Penny Stock Status
View:
Post by Kherson on Dec 11, 2014 8:40am

Penny Stock Status

About two months ago when the share price was about a buck Canadian, I stated on this SH board that Spyglass needed to eliminate the dividend. Someone posted that they had received an email from IR that stated that management was not worried about a temporary drop in oil prices. Well folks, here we are today...
To the BOD of Spyglass, you now need to act to not only to save the company financially, but to also gettng rid of some of your useless management. Management of this company are the biggest reason this stock is now a penny stock...
Kherson


Comment by Kherson on Dec 12, 2014 11:21am
Comment by Kherson on Jan 03, 2015 2:07pm
I posted this on December 12th. Spyglass, it is about time that you started axing your bloated management... Kherson
Comment by Spencerping on Jan 03, 2015 9:56pm
Nobody cares what you post, get it yet?
Comment by Kherson on Jan 04, 2015 1:13am
You seem to care as you replied to my post...LOL... Kherson
Comment by 76Monte on Jan 04, 2015 4:54pm
Greetings: I took the time to re-listen to their recent (mid December) conference call.  At approx. 24:50 - 25:20 into the call it was indicated that Spyglass could potentially survive oil netback prices as low as $35 to even $30 (Canadian) per barrel.  Maybe the financial situation isn't as dire as the market suspects? Here is the link: https://www.spyglassresources.com/files ...more  
Comment by tvstock on Jan 04, 2015 9:24pm
That's what I heard. The nice thing is that there appears to be no debt/cashflow convenant restrictions. They can hang on at cdn 35 until things improve. And all the hedges remain at their hands.
Comment by johnylives1 on Jan 13, 2015 4:31pm
This post has been removed in accordance with Community Policy
Spyglass Resources Corp
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