Regal Partners Ltd V.RPL

Hoping For No Sale

[InvestorSuperfan]

I assume one of the optioins the "financial advisor" will examine is the possible sale of the company outright (ie takeover). Unless the company has no other choice (or some kind of foul play is afoot), I certainly hope it does not come to this. It would be tragic if the company was sold at a time when O&G stocks are out of favour and some senior (or junior with cash to spend) comes in and takes RPL out at a real bargain. Imagine the terrible finale to this six-month horror show: RPL buys Penn West assets for $405M (not cheap). RPL sells Slave Point assets for only $13M (already done - just don't know if it's Slave Point because - as far as I know, RPL management hasn't revealed this info - seems like a distress sale - are these assets really only worth $13M....?), then, to top it off, RPL is sold outright at even say a 50% premium to today's price ($1.29 x 0.5 = $1.94). I'd find it hard to believe if this happened given what I consider to be great RPL assets. If they can just hang on and hit their production targets in the latter half of this year, I think the price should rebound very nicely (cut that dividend - keep the company).