OTCPK:VGIPF - Post by User
Post by
excitingon Feb 07, 2013 10:23pm
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Post# 20955855
Canadian oil price is down (86.18$)
Canadian oil price is down (86.18$) The pipelines issues for canadian oil are affecting big time one of RPL variables which is the oil price. I think we are Ok for 2013 as the hedging price of 93$+ is well in place for 66% of production. Hopefully the politicians can resolve the problems before 2014. Otherwise we are in for a rocky journey for the stock price. Important thing is making sure that RPL can pay the dividends month after month from cash flow. Management must prove they are up to the task. I still believe in their story. Nothing they can do for the oil price for now but maybe selling the non core Dakota Bakken field propertys to reduce te debt level is a good thing for the company. We need more action than voting for compensation awards.