OTCPK:VGIPF - Post by User
Post by
Indicatoron Mar 28, 2013 11:39am
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Post# 21180635
"Higher Debt and Flooding Risks"
"Higher Debt and Flooding Risks" Decent article seems to outline the issues for RPL - I'll be speaking with my associates in Sask over the weekend to see how bad they expect things to flood this year:
"Renegade Petroleum’s stock price got hit hard last Friday losing 12% during the day. The drop came after it released its year end results a day earlier. Investors were not happy to see its debt standing at ~$291M vs ~$247M on higher spending and higher closing adjustments for its Queensdale asset acquisition. On top of the debt, above normal flooding risks in southern Saskatchewan has also undermined the share price . . . Is the selling overdone? I think so, but you can’t reason with a market that hates debt. I believe the share price will start recovering once we are past spring breakup. The share price recovery will be underpinned by a successful execution of its program over the coming quarters. If you’re a shareholder in RPL, you will have to be patient…"
https://www.beatingtheindex.com/renegade-petroleum-sinks-on-higher-debt-and-flooding-risks/
Happy Easter