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Regal Partners Ltd V.RPL


Primary Symbol: VGIPF

Regal Partners Limited is an Australia-based company, which operates as specialist alternatives investment manager. The principal activity of the Company is the provision of investment management services, specializing in alternative investments. It is engaged in managing a diverse range of investment strategies covering hedge funds, private markets, real and natural assets, and capital solutions on behalf of institutions, family offices, charitable groups and private investors. The Company has seven alternative investment management businesses: Regal Funds Management, PM Capital, VGI Partners, Taurus Funds Management, Attunga Capital, Kilter Rural, and Merricks Capital. The Company operates offices across Australia, Asia, United Kingdom/Europe, and North America.


OTCPK:VGIPF - Post by User

Comment by deismanon Jun 10, 2013 2:43am
258 Views
Post# 21505624

RE: Still positive about the rest of 2013

RE: Still positive about the rest of 2013

Just checked new wells licenced recently and its good to see thats its "Business as Usual" at Renegade in spite of the strategic review. Posted from Daily Oilpatch bulletin:

View Map
RENEGADE PETROLEUM LTD. RENEGADE WHITESIDE HZ 3B5-20-4B7-19-30-25 92/07-19-030-25W3/0 13-F-027 6-Jun-2013 700 DEVELOPMENT WELL WHITESIDE VIKING OIL WELL OIL
RENEGADE PETROLEUM LTD. RENEGADE DODSLAND HZ 2D8-16-1D6-15-31-19 92/06-15-031-19W3/0 13-F-026 6-Jun-2013 700 DEVELOPMENT WELL DODSLAND VIKING OIL WELL OIL
RENEGADE PETROLEUM LTD. RENEGADE DODSLAND HZ 3A9-36-3A1-36-31-19 92/01-36-031-19W3/0 13-F-028 6-Jun-2013 700 DEVELOPMENT WELL WHITESIDE VIKING OIL WELL OIL

I've held them for a while and added to them during the SP slide. My average cost is $1.90share (ouch!) and I'll be hanging on for the long term. WHY? ........Their South East and West Central Sask holdings give me some confidence in their potential. Management may need a few changes though.

.....ALSO......Cutting the dividend at this time would be a mistake but reducing it might improve the streets view of the company. 7800 BOED with a CashFlow netback of about $40 barrel should still permit a decent dividend while also allowing enought for thie CAPEX. IMHO

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