Regal Partners Ltd V.RPL

Eric Nuttall's Jan. 13 Comments RPL and SGY

[InvestorSuperfan]

For what they're worth, here are comments made by Eric Nuttall Jan. 13, 2014, courtesy of Stockchase.com: RPL: Doesn’t want to get involved in the soap opera too much right now, but they’ve been under strategic review since April/13 and in that timeframe they have sold assets, deleveraged the balance sheet and just announced a $109 million disposition, effectively selling 17% of the production for the equivalent of 23% of the value of the company. To be able to do do's (sp - deals?) of that size is a coup for the board. Metrics were pretty good. There will be a special vote later this month for nomination of a new slate of directors. SGY: Bought Renegade’s assets and paid a fair price of around 5.6X cash flow, less than $20 per 2p for an asset that declined at 18%, so they may have gotten a bit of a bargain. Did a $70 million financing and institutional demand was around $60 million, so pretty strong institutional demand for the name. Have been very active through acquisitions. He has been trading this at around 6.3X cash flow. Feels the dividend 8.2% is quite safe.