from the Calgary Herald articlethat Weasel posted:
“RPL continues to look for a permanent management team and we believe an ultimate corporate sale is the most likely scenario,” wrote National Bank Financial analyst Matthew Taylor in a note to investors. He said Renegade’s reduced debt levels and tax pools of about $650 million may make it more attractive to a buyer, adding its budget is conservative and aimed at sustainability.
Cody Kwong, an analyst for FirstEnergy Capital, pointed out in a note that the market will likely be disappointed there was no update on its strategic review in its news release. He agreed its balance sheet strength has been greatly improved by its recent asset sales.