OTCPK:VGIPF - Post by User
Comment by
roscoe74on Nov 07, 2013 1:44pm
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Post# 21885669
RE:RE:RE:Dropping Oil Prices in Alberta
RE:RE:RE:Dropping Oil Prices in Alberta
The differential is temporary and is a factor to be considered in an investment decision but I invested in RPL based on its potential in the medium term, warts and all. I do not think a 'sale' is in shareholders' interests.
Get the Special Meeting over with and vote in a competent BOD who can create the governance necessary to allow management to execute guidance. A BOD who has the shareholders best interests, not their own entitlements, as priority. Let the BOD be renumerated based on performance, not 'fees'.
I prefer that RPL appoints a reputable CEO with SE Sask oil experience who has a posse of capable henchmen and can manage the cash flow of the company to incrementally retire debt and grow production organically.
I appreciate the dividend but if it has to be sacrificed to grow production, so be it.