Spyglass Resources: Undervalued With Strong Upside Potential
- Spyglass Resources is undervalued on a standalone basis and relative to peers and the stock has significant upside potential.
- Spyglass Resources offers a current dividend yield of 11.8% in addition to the potential stock upside.
- The company's strategy of non-core asset divestment will increase the financial muscles required for high impact development of rich core assets.
- Spyglass Resources is a "Strong Buy" with an upside potential of 70% and a time horizon of 12-15 months.