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Bullboard - Stock Discussion Forum Renegade Petroleum Ltd V.RPL

TSXV:RPL - Post Discussion

Renegade Petroleum Ltd > Merger with Surge?
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Post by eklundleo on Feb 09, 2014 10:32am

Merger with Surge?

Looking at the number of shares, debt profile and production of Surge and Renegrade, a merger at a price of Renegrage $ 1.85/ Surge $6.25 would work nicley.
Comment by tankingfrank on Feb 10, 2014 9:25pm
i would imagine a takeout around 1.30  -- surge, cresentpoint, alexander..
Comment by eklundleo on Feb 11, 2014 7:28am
You could be right that an offer comes in that low . However at 1.30 , I would just rather hold the shares and collect the dividend for a couple of years and see what happens.  That price would be a steel for any og the companies that you mentioned and would be highly accretive to their bottom line.
Comment by Seppelt on Feb 11, 2014 8:15am
There is a Trading Halt on RPL. During the last few trading days share price moved higher on large volume. I wouldn't be surprized there is an offer or some positive transaction to be announced.
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