OTCPK:VGIPF - Post by User
Comment by
InvestorSuperfanon May 02, 2013 6:57pm
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Post# 21331768
RE: RE: It's Not The Juniors, It's RPL
RE: RE: It's Not The Juniors, It's RPL "These boys have shown they can get their drilling programs implemented, and can do it well - great completion rates, good life of well extensions, I believe they know their stuff about waterflood too. I want to see them keep their assets so they can keep increasing production by %80+ a year." I agree with you that, in the past, managment has shown the ability to grow production. However, RPL reported a loss of $0.32 per share in 2012, and that is hard to candy-coat. I am hoping (along with you) that they can ramp up production after spring breakup, but if they continue the dividend and have to spend capx on production, how much money will they have to pay down debt? As I stated in an earlier post, I am willing to see them sell all of Slave Point, all of Viking, and cut / eliminate the dividend if it means financial stability, pay down of debt, and money to fund the capx needed to tap their excellent SE Sask assets.