Spyglass Resources Corp SGLRF

DRIP

[CanadianJrs]

I think the reason we are seeing a small yet nice increase today is cause banks are having to buy shares to put in the accounts of retail investors on a drip program such as myself. We'll see a decline again tomorrow to match today's oil price decline. Sorry it's negetive but realistic glta.

[power_auditor]

CanadianJrs....Are you sure you are not confusing SGL with maybe a TBE or whomever when its comes to a drip program? As a shareholder of SGL I have not seen any mention of a drip program....the o/s have stay very,very consistent over the past 12 months.   If by chance you have a link or nr please post.  Thanks.

[CanadianJrs]

Mines set up with TDwaterhouse to drip but with my RBC account they don't offer it. Could just be the discount broker you deal with doesn't offer it.

[power_auditor]

CanadianJrs....So you have a drip from SGL set-up with "your" TDWaterhouse?  I am curious as to why the SGL share count has not moved since last yr?   As you are well aware that a DRIP program for any company such as CPG and TBE increases the number of outstanding shares...Why has the number of O/S of SGL not moved this yr?  Thanks. ***You (CdnJrs)did not post the link

[CanadianJrs]

I searched their website again looking for a link to their actual dividend policy and could not find one. I couldn't find the results to the vote they were suppose to have after the completion of their merger in 2013. Therefor I'm going to assume its possibly something only certain brokerages offer and even if so they would have had to cover their shares today for people on a drip program

[CanadianJrs]

That and I wouldn't invest in TBE sorry to those that have.

[CanadianJrs]

The small reduction in production anticipated during the second quarter will make little difference considering the balance of increased production from the new wells will come online during the third and fourth quarters. In Canada winter is the drilling season. To further insure the fiscal integrity of the high yield dividend model Spyglass currently has a DRIP program in place and is quietly

[power_auditor]

Please...back up a moment here CdnJrs.....Would it not be easier....to just admit that your post(DRIP) had a factual error in it regarding  the non-existent DRIP program that you say SGL has?    ***You can look all you want on the SGL website and on the Sedar website....but fortunately SGL has not implemented a DRIP at this time....but as a DRIP program is "cheaper"

[CanadianJrs]

Alright cause you are starting to annoy me a little I'll clarify it in the simplest english for you. I feel I'm talking to a new Canadian from toronto so here it is my original post didn't say SGL had a DRIP but that the banks did. December 15, 2014 02:47 pm DRIP I think the reason we are seeing a small yet nice increase today is cause banks are having to buy

[power_auditor]

Go on with you CdnJrs....talking about a non-existent DRIP from SGL and claiming it is all about "your bank" buying shares????! Since all of a sudden you like to research SGL.....find the dividend policy and more precisely find the non-existent DRIP program that the company has never implemented since the merger....if this is too complicated for you then why did you bother to post about

[CanadianJrs]

OK obviously you lack the mental capacity to put the correlation between the dividend pay out date being today, and the fact many Canadian banks offer a DRIP for SGL together causing a share price rise as banks buy stock to cover their retail investors interests.

[CanadianJrs]

By the way I did my research before I invested and like everyone else am sitting on a big loss and condemning everyone elses research or thoughts isn't productive to me or many other investors. I posted what I found so you or others can work from it. But in your case I'd rely on others from no on cause I doubt you could audit a pre schoolers report card. GLTY Power_Auditor.