OTCPK:VGIPF - Post by User
Comment by
birchjunkon Jan 17, 2013 7:17pm
236 Views
Post# 20853961
RE: Oil above $95
RE: Oil above $95 If RPL can hedge their remaining oil at $105 and with WTI spreads rapidly diminishing for light oil, another $40 million or so would be added to fund flows in 2013.
Thats a 50 % potential increase in the planned capex for 2013, should they use those funds to add production growth.
Just think at how fast those horizontal Slave lake wells could add to production gains !
RPL does tout itself as a dividend and growth play.
Some forget that.