Spyglass Resources(OTC) SGLRF

Spyglass Resources Corp. operates as an intermediate entity in the oil and gas sector, managing petroleum and natural gas assets across the Western Canadian Sedimentary Basin. The company focuses on key operational sites in Alberta and British Columbia, aiming to optimize resource extraction and enhance shareholder value.

Products and Services

• Exploration and production of oil and natural gas
• Management of petroleum and natural gas assets
• Operations in key regions including Alberta and British Columbia

Growth Outlook

• Proved and probable reserves of 54,129 Mboe as of December 31, 2014
• Strategic focus on optimizing existing assets for increased production
• Potential for expansion in the Western Canadian Sedimentary Basin

Financial Highlights

• Recent quarterly revenue of 16,089, reflecting operational challenges
• Trailing twelve months (TTM) gross profit margin of 49.4%
• Current ratio of 0.97 indicates liquidity management

Spyglass Resources Corp. has a significant presence in the oil and gas exploration and production industry, with a focus on optimizing its assets in the Western Canadian Sedimentary Basin. The company has faced operational challenges, as reflected in its recent quarterly revenue figures. However, the gross profit margin indicates a strong potential for profitability if operational efficiencies are improved. The current ratio suggests that the company is managing its liquidity effectively, which is crucial for navigating the volatile energy market. With a solid reserve base and strategic focus on asset optimization, Spyglass Resources Corp. presents an intriguing opportunity for investors interested in the energy sector.