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Renegade Petroleum Ltd V.RPL



TSXV:RPL - Post by User

Comment by 07wildwoodon May 19, 2013 12:15am
160 Views
Post# 21415343

RE: debt

RE: debt

diesman. Where do you get the idea that the banks call loans based on falling or fallen share price? Does not cashflow and debt servicing  count for anything? Renegades loan payment amounts are by no means overwhelming. Quit scare mongering. Take 7700 boe/day with sweet light crude prices of midrange pricing at $110,000/bbl gives you 847 mil. of market value. Check what Whitecap just paid for Sak. assets  and you will see these are real market prices. The total debt is 296 mil. Any room for the banks to recover the loans? Oh and do not forget to add in the net land holdings. If anyone is on the hook it the the new issue shareholders who priced in above 2.00 to do the PWT deal.They fronted half the purchase price. Please. Bankruptcy! I do not think so.

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