Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Spyglass Resources Corp., an intermediate oil and gas company, operates oil and natural gas properties in the Western Canadian Sedimentary Basin. The company's principal properties are located in Dixonville, Enchant, Retlaw, Matziwin, and Halkirk-Provost in Alberta; and Noel, British Columbia. As of December 31, 2014, it had proved plus probable reserves of 54,129 Mboe. The company was formerly known as Pace Oil & Gas Ltd. and changed its name to Spyglass Resources Corp. in March 2013, as result of its amalgamation with Charger Energy Corp. and AvenEx Energy Corp. Spyglass Resources Corp. is headquartered in Calgary, Canada. On November 26, 2015, syndicate of lenders filed an involuntary petition against Spyglass Resources Corp. in the Court of Queen's Bench of Albert. The Court approved the involuntary petition on November 26, 2015.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks. Specifically, the stock is undervalued on EV/EBITDA.
Buy
Sell