or
Remember me
Back
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:
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