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 > SGL's Potential Bankruptcy and HWO

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Post by veronikagermany on May 14, 2015 10:04am

SGL's Potential Bankruptcy and HWO

It is unfortunate that SGL (former Pace Oil - PCE) loaded so much debt. Hopefully, it will not follow AMZG that filed for bankruptcy yesterday. Actually, SGL should have sold properties to reduce its debt when the time was right. SGL's CEO made the same mistake again after Sure Energy that also had loaded a lot of debt.

After all, some investors want to buy absolutely Debt-Free companies with high dividend and strong EBITDA growth YOY even in 2015. For these investors, a TOP IDEA article from Seeking Alpha about High Arctic Energy Services (HWO) was out last week:

Seeking Alpha: TOP IDEA article about High Arctic (HWO)

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