OTCPK:VGIPF - Post by User
Comment by
InvestorSuperfanon May 12, 2013 11:10pm
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Post# 21383455
RE: Long term
RE: Long term "Thing I laugh about is RPL was trading at 2.40 ish, bought some Penn West assets on the cheap..... "Is $405 million cheap? I'm not sure. One thing that seems apparent is that the price tag for these assets seems to be more than RPL could swallow given it's microcap status and lack of a lot of cash on hand. Perhaps it would have been wiser to sell RPL's non-core assets (perhaps including the Viking assets) in conjunction with the Penn West purchase so they could focus all their attention on their (now expanded) and lucrative SE Sask play...? Don't know how much they would habe receivedt for Viking, but the assets there are quite good and there are a number of lother companies in the Viking area that may have been interested in acquiring the operation. Monday morning QBing of course - but RPL's financial position would likely be much better now (and the stock price much higher) if they had gone that route.