OTCPK:VGIPF - Post by User
Comment by
schmoltzieon Feb 28, 2013 5:58pm
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Post# 21058250
RE: Opinions on quick ratio
RE: Opinions on quick ratio Spoke to investor relations, which eased my concern over cash flows and debt levels. Learned something new about WTI differential, and asked if Renegade had any plans for share repurchase at a discount with divis.
At current WTI price and differential the company is fully covering capex, o&m, and divi's. So it's just a wait and see game.
No plan for discount share repurchase for a while, at least until everyone is comfortable with new model and confident that Renegade can cover payouts.