Regal Partners Ltd V.RPL

It's Not The Juniors, It's RPL

[InvestorSuperfan]

RPL's problem is not that it is a junior O&G company getting hit along with the rest of the sector. RPL is taking a far worse beating than it's peers. RPL released it's annual financial statements on March 21. That's when investors found out that it's debt was significantly larger than expected and was already in the midst of selling some non-core assets for a measly $13M to pay some of the debt down. RPL closed at $1.93 that day. At the close of yesterday (May 1), RPL share price sat at $1.16 (a decline of 40% in less than 6 weeks). During that same time, RPL's three peers in the small cap dividend paying Canadian oil stock group have performed far better: WCP is up 5%, TBE is down only 7%, LNV is basically flat ($4.89 on March 21, $4.87 yesterday). How about juniors that don't pay dividends? TOL, TOG, LEG, etc. are down, but not anywhere near 40%. It appears as if their will be no "plan" announced when the Q1 numbers are released - people may have to wait until the AGM (which I think was held near the end of June last year) to find out what the plan is. I am willing to wait until then - I just want the financial advisors / new board members to take the time to get the new "plan" right. Then again, if you're trying to sell assets in a buyer's market, good luck getting a decent price for them.