Spyglass Resources Corp SGLRF

I forgot to add the other "analysts" in our parade...

[power_auditor]

of questionable actions by these firms(Is it because SGL does not go down the financing/PP route?).....maybe I was not listening hard enough on the CC yesterday....but I do not remember hearing any of these firms on the call...Wonder why?  Maybe they were not interested....as they had already made up their minds/opinion...never know these things since it all seems so "subjective" in nature...

Nat Bank...$1.00 down to $0.75cts..dated Dec.17/14

Scotia....$0.40cts down to 0.25cts...dated Dec.18/14

TD...should be any minute now....was pegged at...0.60cts a few wks back...

And the earlier CIBC....0.90cts down to 0.30cts

****been a bit occupied to find the drop in 2015 production numbers after backing out the ~1250 boed to EGL to reach the Co's view of around ~10000 boed....but no hurry since the Co. has a few more days to close another sale,maybe.  GLTA

******https://www.marketwired.com/press-release/spyglass-resources-corp-announces-closing-previously-announced-100-million-asset-sale-tsx-sgl-1978471.htm

[lantren]

huge influx of bashers    this evening  preparing the  way on many boards it seems  , so much for stock market regulators 

[sanityseeker]

So sgl has sold off a bunch of assets and reduced its production going forward, for the stated reason of paying down debt, but didn't actually make any meaningful reductions to debt. Now, at a time when energy prices are low for an unknown length of time, rather than even considering any prudence in light of their high leverage, they are going a step further to reduce their equity and increase

[Joe454]

This post has been removed in accordance with Community Policy

[76Monte]

I see that the recent conference call is now posted at the Spyglass website. You may wish to listen to the people who are directly involved with Spyglass to form your own opinion (which may differ from the latest analysts). Here is the link: https://www.spyglassresources.com/files/conference-call-2014-12-17.mp3 GLTA

[shev72]

I listened to the CC.  I found it quite positive.  I am curious about the 12 million or unrealized revenue they mentioned at about 6min,  apparently based on hedging.  Unfortunately no one asked questions about the stock buy back.  I don't see how they justify the buy back, seems better to keep cash on hand as a safety. GLTA

[power_auditor]

Shev72....this is was was so perplexing with those "analysts" doing the downgrades....yes Scotia got it right,actually all of them got it "right" on calling SGL to drop....so now...what happens?   The Co. reduces debt to ~$195M and reduces its costs associated with the Dixonville field....all costs reduced by 50%,not bad really. The $2.00 mark to 0.30cts has been achieved