Renegade Petroleum Ltd.

RPL-X

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about RPL-X

Signal
Opinion
Expert
HOLD
HOLD
April 4, 2014

Spartan Energy (SPE-X) is acquiring this. The 3rd iteration for Spartan. There are a lot of institutions that have been backing Spartan management and will continue to do so because they have such a successful track record. If you own, continue to hold and become a Spartan shareholder.

Show full opinionHide full opinion

Spartan Energy (SPE-X) is acquiring this. The 3rd iteration for Spartan. There are a lot of institutions that have been backing Spartan management and will continue to do so because they have such a successful track record. If you own, continue to hold and become a Spartan shareholder.

HOLD
HOLD
March 13, 2014

When you get your Spartan (SPE-X) shares in a few weeks, your overall portfolio holding in that entity will continue to move higher. Feels that Spartan, which is trading at around $2.60-$2.70 currently, is probably worth $3-$3.25. He respects the management team. Has been buying Renegade in order to get shares in Spartan for the last couple of weeks.

Show full opinionHide full opinion

When you get your Spartan (SPE-X) shares in a few weeks, your overall portfolio holding in that entity will continue to move higher. Feels that Spartan, which is trading at around $2.60-$2.70 currently, is probably worth $3-$3.25. He respects the management team. Has been buying Renegade in order to get shares in Spartan for the last couple of weeks.

COMMENT
COMMENT
March 12, 2014

Recently sold his holdings. They just recently entered into an agreement with Alexander Energy where they are going to merge the 2 companies. Renegade changed from a traditional growth Junior to an oil/gas dividend payer. Made a big acquisition over a year ago and this stretched their balance sheet. This is no longer a yield play but is an interesting growth play.

Show full opinionHide full opinion

Recently sold his holdings. They just recently entered into an agreement with Alexander Energy where they are going to merge the 2 companies. Renegade changed from a traditional growth Junior to an oil/gas dividend payer. Made a big acquisition over a year ago and this stretched their balance sheet. This is no longer a yield play but is an interesting growth play.

COMMENT
COMMENT
March 11, 2014

Being acquired by Spartan (SPE-X) (formerly Alexander Energy) to create Premier Light Oil. Really loves this deal and is really excited about it. This is absolute the best outcome for the shareholders. (See Top Picks.)

Show full opinionHide full opinion

Being acquired by Spartan (SPE-X) (formerly Alexander Energy) to create Premier Light Oil. Really loves this deal and is really excited about it. This is absolute the best outcome for the shareholders. (See Top Picks.)

DON'T BUY
DON'T BUY
January 30, 2014

Assets weren’t really ready for a transition to a dividend growth model and now they are in more of a growth mode. They are in a de-risking mode. Looks cheap and that is a temptation, but he looks for better opportunities.

Show full opinionHide full opinion

Assets weren’t really ready for a transition to a dividend growth model and now they are in more of a growth mode. They are in a de-risking mode. Looks cheap and that is a temptation, but he looks for better opportunities.

COMMENT
COMMENT
January 13, 2014

Doesn’t want to get involved in the soap opera too much right now, but they’ve been under strategic review since April/13 and in that timeframe they have sold assets, deleveraged the balance sheet and just announced a $109 million disposition, effectively selling 17% effectively of the production for the equivalent of 23% of the value of the company. To be able to do do’s of that size is a coup for the board. Metrics were pretty good. There will be a special vote later this month for nomination of a new slate of directors.

Show full opinionHide full opinion

Doesn’t want to get involved in the soap opera too much right now, but they’ve been under strategic review since April/13 and in that timeframe they have sold assets, deleveraged the balance sheet and just announced a $109 million disposition, effectively selling 17% effectively of the production for the equivalent of 23% of the value of the company. To be able to do do’s of that size is a coup for the board. Metrics were pretty good. There will be a special vote later this month for nomination of a new slate of directors.

HOLD
HOLD
December 20, 2013

Have had good results but they don’t know what the strategy is going forward and that is the one issue that is holding this company back.

Show full opinionHide full opinion

Have had good results but they don’t know what the strategy is going forward and that is the one issue that is holding this company back.

WATCH
WATCH
December 6, 2013

Hasn’t owned for a long time because of debt levels. Recently made some management changes and it seems as though things are turning around but you are not seeing evidence of it in the stock price yet. Not looking to get into this immediately but is watching it. Could be a great turnaround story.

Show full opinionHide full opinion

Hasn’t owned for a long time because of debt levels. Recently made some management changes and it seems as though things are turning around but you are not seeing evidence of it in the stock price yet. Not looking to get into this immediately but is watching it. Could be a great turnaround story.

COMMENT
COMMENT
December 4, 2013

There is a strategic review going on with this company. They are looking for a buyer or are selling off some assets to help their balance sheet. Have been for sale for a long time.

Show full opinionHide full opinion

There is a strategic review going on with this company. They are looking for a buyer or are selling off some assets to help their balance sheet. Have been for sale for a long time.

HOLD
HOLD
November 18, 2013

Main driver is that it is under strategic review so will sell either part or all of itself. They are over 100% payout ratio so it would be good if they cut it.

Show full opinionHide full opinion

Main driver is that it is under strategic review so will sell either part or all of itself. They are over 100% payout ratio so it would be good if they cut it.

PAST TOP PICK
PAST TOP PICK
November 4, 2013

(Top Pick Nov 12/12, Down 48.29%) They revised their debt situation and it completely destroyed the balance sheet.

Show full opinionHide full opinion

(Top Pick Nov 12/12, Down 48.29%) They revised their debt situation and it completely destroyed the balance sheet.

HOLD
HOLD
October 24, 2013

This is like musical chairs in terms of the management team. Not a huge fan. They’ve said they are looking for strategic alternatives and he is surprised that nothing has happened, which is a little bit worrisome. Has been trading in a range of $1-$1.10 over the last few months. Feels that most of the downside has already happened so if you own, he would continue to Hold.

Show full opinionHide full opinion

This is like musical chairs in terms of the management team. Not a huge fan. They’ve said they are looking for strategic alternatives and he is surprised that nothing has happened, which is a little bit worrisome. Has been trading in a range of $1-$1.10 over the last few months. Feels that most of the downside has already happened so if you own, he would continue to Hold.

SELL
SELL
October 23, 2013

This is one of the companies that converted to the dividend model which simply did not work and they ended up trimming the dividend. President and chairman of the board both resigned. There is a dissident shareholders group that is rattling the cage. Too many things going on to want to hold onto the stock.

Show full opinionHide full opinion

This is one of the companies that converted to the dividend model which simply did not work and they ended up trimming the dividend. President and chairman of the board both resigned. There is a dissident shareholders group that is rattling the cage. Too many things going on to want to hold onto the stock.

DON'T BUY
DON'T BUY
September 25, 2013

Stock dropped when they converted to a dividend paying company where financial controls were probably not quite as strong as they should have been. Holding their annual meeting this Friday, so there should be an update on their production standpoint and their strategic reviews. There are 2 scenarios. 1.) It gets sold at $1.30-$1.35. 2.) Possible parachuting in of a new management team.

Show full opinionHide full opinion

Stock dropped when they converted to a dividend paying company where financial controls were probably not quite as strong as they should have been. Holding their annual meeting this Friday, so there should be an update on their production standpoint and their strategic reviews. There are 2 scenarios. 1.) It gets sold at $1.30-$1.35. 2.) Possible parachuting in of a new management team.

HOLD
HOLD
August 19, 2013

Under strategic review. The bids were due 2 weeks ago. A continuing problem with this company is their debt load. Just came out with their quarter, which reaffirmed their production guidance. There is good guidance in the name. The continuing challenge is the debt level relative to their cash flow. He is still optimistic that there will be a decent bid.

Show full opinionHide full opinion

Under strategic review. The bids were due 2 weeks ago. A continuing problem with this company is their debt load. Just came out with their quarter, which reaffirmed their production guidance. There is good guidance in the name. The continuing challenge is the debt level relative to their cash flow. He is still optimistic that there will be a decent bid.

BUY
BUY
August 15, 2013

A massive disappointment for the street. There is a strategic review right now. They have a great asset, a low decline asset but they are saddled with a lot of debt. It is going to be tough for someone to make this work. Eventually the price will get cheap enough that it can be taken out. He has a very small amount to be sold for tax loss selling.

Show full opinionHide full opinion

A massive disappointment for the street. There is a strategic review right now. They have a great asset, a low decline asset but they are saddled with a lot of debt. It is going to be tough for someone to make this work. Eventually the price will get cheap enough that it can be taken out. He has a very small amount to be sold for tax loss selling.

HOLD
HOLD
July 30, 2013

Cut the dividend because of balance sheet pressures. Made, what they thought was an attractive acquisition, from Penn West Petroleum (PWT-T) but it turned of the true cost was higher than what they had believed. As a result, net debt was about $54 million higher than what they had told everybody. Company is looking at strategic alternatives. There are rumblings that somebody may acquire it.

Show full opinionHide full opinion

Cut the dividend because of balance sheet pressures. Made, what they thought was an attractive acquisition, from Penn West Petroleum (PWT-T) but it turned of the true cost was higher than what they had believed. As a result, net debt was about $54 million higher than what they had told everybody. Company is looking at strategic alternatives. There are rumblings that somebody may acquire it.

COMMENT
COMMENT
July 26, 2013

(Market Call Minute.) Sold his holdings. Going through a strategic review. If they sell it for a good price, it does well, otherwise operationally they are not doing that great.

Show full opinionHide full opinion

(Market Call Minute.) Sold his holdings. Going through a strategic review. If they sell it for a good price, it does well, otherwise operationally they are not doing that great.

DON'T BUY
DON'T BUY
July 23, 2013

This has been an abject disappointment for him since the transaction in the fall that saw them make the transformational asset acquisition from Penn West (PWT-T). In their year-end report, they surprised the market with considerably more debt. Doesn’t feel anybody buying shares today will get a huge premium. Yield is greater than 8% and could be at risk.

Show full opinionHide full opinion

This has been an abject disappointment for him since the transaction in the fall that saw them make the transformational asset acquisition from Penn West (PWT-T). In their year-end report, they surprised the market with considerably more debt. Doesn’t feel anybody buying shares today will get a huge premium. Yield is greater than 8% and could be at risk.

HOLD
HOLD
July 11, 2013

Dividend is high just because the stock has collapsed. CFO is leaving and they may try to sell off parts of the company to add liquidity to the balance sheet. Looks alright here. It has been oversold. Should see a bit of a bump over the next few weeks

Show full opinionHide full opinion

Dividend is high just because the stock has collapsed. CFO is leaving and they may try to sell off parts of the company to add liquidity to the balance sheet. Looks alright here. It has been oversold. Should see a bit of a bump over the next few weeks

COMMENT
COMMENT
July 4, 2013

Company is doing a strategic review. Have been punished in the marketplace for other things. When stocks go illiquid then selling begets selling. You sell into a vacuum. 20% dividend? Probably won’t end up being the yield. A victim of massive selling.

Show full opinionHide full opinion

Company is doing a strategic review. Have been punished in the marketplace for other things. When stocks go illiquid then selling begets selling. You sell into a vacuum. 20% dividend? Probably won’t end up being the yield. A victim of massive selling.

COMMENT
COMMENT
July 3, 2013

Acquired some assets from Penn West (PWT-T) and converted it into a dividend paying model. However, they put on a lot of debt when they made the acquisition and so some of the cash flow is not as attractive as it once was. They may be on the verge of cutting the dividend. Have left all options open with regarding strategic joint ventures, cutting the dividends, etc. With its drop in price, if you own continue to Hold or if you are a risk taker, you could venture in.

Show full opinionHide full opinion

Acquired some assets from Penn West (PWT-T) and converted it into a dividend paying model. However, they put on a lot of debt when they made the acquisition and so some of the cash flow is not as attractive as it once was. They may be on the verge of cutting the dividend. Have left all options open with regarding strategic joint ventures, cutting the dividends, etc. With its drop in price, if you own continue to Hold or if you are a risk taker, you could venture in.

COMMENT
COMMENT
June 20, 2013

Made a strategic acquisition from Penn West and converted into a dividend paying company and, upon closing the acquisition, announced that their debt was $39 million higher than what they had thought, which led to a severe pummelling of the share price. Pursuing a strategic review for alternatives and he doesn’t think the company will be in its current form in 12-18 months. Thinks there will be strong interest in both their Viking and Southeast Saskatchewan assets.

Show full opinionHide full opinion

Made a strategic acquisition from Penn West and converted into a dividend paying company and, upon closing the acquisition, announced that their debt was $39 million higher than what they had thought, which led to a severe pummelling of the share price. Pursuing a strategic review for alternatives and he doesn’t think the company will be in its current form in 12-18 months. Thinks there will be strong interest in both their Viking and Southeast Saskatchewan assets.

COMMENT
COMMENT
May 28, 2013

Has come off quite a bit because they took on too much debt when they acquired some of Penn West assets for $400 million. Promised a dividend model which would have yielded 9% but is yielding 16% now, which is not sustainable. Payout ratio of about 135%. If they can attract a buyer or streamline the dividend to make it more reasonable, it would probably be a good time to buy it.

Show full opinionHide full opinion

Has come off quite a bit because they took on too much debt when they acquired some of Penn West assets for $400 million. Promised a dividend model which would have yielded 9% but is yielding 16% now, which is not sustainable. Payout ratio of about 135%. If they can attract a buyer or streamline the dividend to make it more reasonable, it would probably be a good time to buy it.

HOLD
HOLD
May 21, 2013

18% dividend is actually sustainable, although market is telling you it is not. An acquisition has not worked out and debt is too high and now every option is on the table including sale of assets or outright sale of the company. The dividend could be cut for this reason.

Show full opinionHide full opinion

18% dividend is actually sustainable, although market is telling you it is not. An acquisition has not worked out and debt is too high and now every option is on the table including sale of assets or outright sale of the company. The dividend could be cut for this reason.

COMMENT
COMMENT
May 14, 2013

Would you buy or sell Renegade Petro and is the dividend of 20% sustainable? She knows Renegade well and used to own it but sold it around $4.20 when their debt went up. They will have to make a change whether it be the dividend or on the management side.

Show full opinionHide full opinion

Would you buy or sell Renegade Petro and is the dividend of 20% sustainable? She knows Renegade well and used to own it but sold it around $4.20 when their debt went up. They will have to make a change whether it be the dividend or on the management side.

SELL
SELL
May 10, 2013

Likes it. At this oil price the dividend is not sustainable. They addressed operational issues. If they cut the distribution he thinks the market would agree.

Show full opinionHide full opinion

Likes it. At this oil price the dividend is not sustainable. They addressed operational issues. If they cut the distribution he thinks the market would agree.

HOLD
HOLD
May 10, 2013

He sold. All of a sudden after an acquisition there is a 100% payout ratio. They are now saying they are going to restructure. They should cut the dividend. Get out if it runs for no reason. He lost money on this one. There is not much more downside on this one.

Show full opinionHide full opinion

He sold. All of a sudden after an acquisition there is a 100% payout ratio. They are now saying they are going to restructure. They should cut the dividend. Get out if it runs for no reason. He lost money on this one. There is not much more downside on this one.

SELL STRENGTH
SELL STRENGTH
May 3, 2013

19% Yield. Company may be in a little trouble and dividend could be cut. The dividend is not making up for the rather large losses. This is a parabolic move to the downside. Might have a bounce on the short term, but he would not be an owner of this stock for long.

Show full opinionHide full opinion

19% Yield. Company may be in a little trouble and dividend could be cut. The dividend is not making up for the rather large losses. This is a parabolic move to the downside. Might have a bounce on the short term, but he would not be an owner of this stock for long.

DON'T BUY
DON'T BUY
April 30, 2013

A poster child of how to not execute properly on some of the things they said they were going to do. Had promised they were going to go ahead and operate as a dividend model in the oil/gas space. It has been unfortunate. There are lots of assets that have to be restructured. The dividend of 19.82% is not sustainable. You should also look at the pedigree of the 3 new directors to understand what they do, because they are the ones that are going to have to save your investment.

Show full opinionHide full opinion

A poster child of how to not execute properly on some of the things they said they were going to do. Had promised they were going to go ahead and operate as a dividend model in the oil/gas space. It has been unfortunate. There are lots of assets that have to be restructured. The dividend of 19.82% is not sustainable. You should also look at the pedigree of the 3 new directors to understand what they do, because they are the ones that are going to have to save your investment.

PAST TOP PICK
PAST TOP PICK
April 17, 2013

(A Top Pick March 19/12. Down 69.15%.) Down 50% since converting to a disco and there are a lot of questions about the sustainability of the dividend. $34 million higher than what was expected by the Street. Thinks there was a significant overreaction by the market. Still likes.

Show full opinionHide full opinion

(A Top Pick March 19/12. Down 69.15%.) Down 50% since converting to a disco and there are a lot of questions about the sustainability of the dividend. $34 million higher than what was expected by the Street. Thinks there was a significant overreaction by the market. Still likes.

HOLD
HOLD
April 11, 2013

Initiated a dividend late last year. When the company came out with most recent financial update, the debt was higher than analysts expected, but it was based on the arrangement to pay the dividend. He is comfortable that the distribution is sustainable down to $75. Their debt metrics are not out of whack. Don’t sell it.

Show full opinionHide full opinion

Initiated a dividend late last year. When the company came out with most recent financial update, the debt was higher than analysts expected, but it was based on the arrangement to pay the dividend. He is comfortable that the distribution is sustainable down to $75. Their debt metrics are not out of whack. Don’t sell it.

DON'T BUY
DON'T BUY
April 8, 2013

Made a major acquisition of some of Penn West (PWT-T) assets in the Viking area of southeast Saskatchewan and some of the wells did not come out as had been expected. That, coupled with their debt level, seriously puts the 15% dividend at risk.

Show full opinionHide full opinion

Made a major acquisition of some of Penn West (PWT-T) assets in the Viking area of southeast Saskatchewan and some of the wells did not come out as had been expected. That, coupled with their debt level, seriously puts the 15% dividend at risk.

DON'T BUY
DON'T BUY
April 4, 2013

One of those oil/gas companies that have decided to change their model completely. It was a growth company, but everybody wanted dividends so they turned it into a dividend company. Slow growth dividend company with a massive yield right now. Their problem is they promised a lot when they did the restructuring last year but their most recent financials had debt much, much higher than people thought. 14% dividend. Far more risk than there was last year.

Show full opinionHide full opinion

One of those oil/gas companies that have decided to change their model completely. It was a growth company, but everybody wanted dividends so they turned it into a dividend company. Slow growth dividend company with a massive yield right now. Their problem is they promised a lot when they did the restructuring last year but their most recent financials had debt much, much higher than people thought. 14% dividend. Far more risk than there was last year.

HOLD
HOLD
March 28, 2013

(Market Call Minute) Pays a healthy dividend of 13.5% but he wants to see some better efficiencies on the cost side. There is some risk of dividend downside.

Show full opinionHide full opinion

(Market Call Minute) Pays a healthy dividend of 13.5% but he wants to see some better efficiencies on the cost side. There is some risk of dividend downside.

BUY
BUY
March 26, 2013

Have been a few of these companies where they have switched from a growth model over to a dividend model. They reported and the numbers themselves where fine but the debt was a bit high so the market is worried a little that they don’t have as much room as they used to have. Even with their elevated debt, they are somewhere around 98%-100% so it looks the cheapest of all of these models and has been way oversold. Yield is 14%.

Show full opinionHide full opinion

Have been a few of these companies where they have switched from a growth model over to a dividend model. They reported and the numbers themselves where fine but the debt was a bit high so the market is worried a little that they don’t have as much room as they used to have. Even with their elevated debt, they are somewhere around 98%-100% so it looks the cheapest of all of these models and has been way oversold. Yield is 14%.

BUY
BUY
March 5, 2013

Their idea is that rather trying to pursue an unlimited growth model in oil and gas, to return some of the surplus margin generated to their shareholders. If the oil price holds together, which he thinks it will, the 11% dividend is sustainable. Likes the management team.

Show full opinionHide full opinion

Their idea is that rather trying to pursue an unlimited growth model in oil and gas, to return some of the surplus margin generated to their shareholders. If the oil price holds together, which he thinks it will, the 11% dividend is sustainable. Likes the management team.

BUY
BUY
February 27, 2013

(Market Call Minute.) Thinks the company is going to execute this year and will nail their numbers.

Show full opinionHide full opinion

(Market Call Minute.) Thinks the company is going to execute this year and will nail their numbers.

TOP PICK
TOP PICK
February 11, 2013

In no man’s land now where you’ve had growth investors selling and dividend investors waiting for probably 2 quarters of payments and operational execution to ensure the dividend is sustainable. Feels the 10% is sustainable down to the mid-70s. 60% hedged this year at about $94 oil. Should be pretty good reserve growth.

Show full opinionHide full opinion

In no man’s land now where you’ve had growth investors selling and dividend investors waiting for probably 2 quarters of payments and operational execution to ensure the dividend is sustainable. Feels the 10% is sustainable down to the mid-70s. 60% hedged this year at about $94 oil. Should be pretty good reserve growth.

BUY
BUY
February 8, 2013

(Market Call Minute) Major acquisition of Pen West lands.

Show full opinionHide full opinion

(Market Call Minute) Major acquisition of Pen West lands.

HOLD
HOLD
January 30, 2013

9% yield. Story holds together pretty well. Made a large purchase of assets from PenWest that are low decline. A nice hold but now a low growth vehicle.

Show full opinionHide full opinion