Spyglass Resources Corp SGLRF

Eagle buyout in the works?

[Kherson]

I am totally surprised that Spyglass hasn't issued a NR concerning the Special Meeting in December and coupled with their requirements for an accelerated repayment schedule of their debt facilities, I can only conclude that the whole company is now in play!
Eagle has about $66 million of available credit, so if Eagle does indeed takeover SpyGlass, they can already cover those debt reduction requirements. I am thinking along the lines of a share exchange scenario of about 15 to 1, with Eagle also taking over the debt. That would give SpyGlass shareholders a value based on the present price of  Eagle's trust units of about 12 cents a share!
Kherson

[Want2Cit]

Who is Eagle? I can't find any oil company called that and why would they want to buy Spyglass? Spyglass  have nothing to offer. They would have to pay off  Spyglass's $100,000 debt and it would never pay for itself in years.

[Kherson]

Folks, I think that a merger with Eagle Energy Trust will be announced within a week!  Eagle just released their 3rd quarter results and although they were good considering the low commodity prices, something jumped out at me that made me pause, Eagle received $5 million from their share of the Dixonville property at a cost of only $90,000 dollars in Capital expenditures! They are projecting