OTCPK:VGIPF - Post by User
Post by
graffiti99on Apr 09, 2013 5:28pm
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Post# 21233590
When you're going through hell....keep going.
When you're going through hell....keep going. Renegade’s fine. Many catalysts coming: oil price rising, differential narrowing. World conflict could spike oil (Korea, Iran). Keystone XL approval announcement coming this summer. Whiting refinery announcement of light oil intake from Alberta will trigger buying from those who know in September/October. Wells are fine – Giordano was wrong, he was nervous on TV. He contradicted the PR. More good wells coming in summer after break up. Shareholder base currently washing out as growth investors stampede for the exit with recent share performance. Totally over-reacting. Book value now under.6 (!) and the hedges mean they can afford the payout. Institutional dividend and GARP fund managers will pile in, but only when the share washout is complete and they see RPL’s dividend track record and show me story holds true. I see big moves in August 2013 for RPL. Possibly sooner if Keystone XL news triggers a manic buying spree from New York hedge funds.