RE: RE: any psn investors here ? psn is in a leauge of its own. when it has a press release that says to ignore our previous press releases beacuse we lied to you. they lied and as investors you cant even feel bad about your investing decision on that one the numbers were not correct or even close.
this is not a psn.
worst case for rpl long term investors is it keeps the dividend the same and mgmt keeps their spending up and are not honest about the penn west assets.
best case for long term holders is it cuts the dividend and starts up at around $1.10 again. and management starts releasing honest press releases with real numbers and forecasts.
takeout candidate possible down at the $1.10 level but you would get a low ball offer from zargon or someone that needs tax pools and doesnt spend a lot.
rpl has a nice tax pool now that the $400M pennwest asset purchase is complete.
the volume is getting out of hand. im very interested on the news coming up. mgmt should release somthing before it continues.