OTCPK:VGIPF - Post by User
Post by
Intellectualon Oct 29, 2012 3:32pm
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Post# 20536353
Purchased Penn West Assets
Purchased Penn West Assets Speculation by Andrew Mcreath is that Renegade is the mystery buyer of Penn West's Saskatchewan light oil assets. The deal will be financed with debt and plenty of stock. However, given that the yield will be 9% with the acquisition, the deal is hugely accretive. The company will be much bigger. It is transformative and will be announced after market close.
Mcreath makes it sound incredibly positive.
Good luck to all.