OTCPK:VGIPF - Post by User
Post by
Wallys_Worldon Dec 19, 2012 8:24pm
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Post# 20753248
Exit Production Rate
Exit Production Rate I really like this stock and have been holding it for some time...initially hoping for the growth and then likely the change of direction to income plus growth.
My only complaint is the announcement that they have met the previously guidance for exit production of 8000. Looking back to earlier press releasaes, Renegade had guided 5200 to 5400 exit for the former Renegade, and the added production was 3600 boe/d. That's 8800 to 9000 boe/d exit guidance. Seems they stretched the truth a bit to cover what was really a miss in their target.
It is troubling for me, and diminished my trust in guidance going forward, and the ability of them to execute.
Did anyone else see this...and what are your comments?
Wally