Raging River Exploration

RRX-T

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This company is not ACTIVE.

Analysis and Opinions about RRX-T

Signal
Opinion
Expert
COMMENT
COMMENT
July 28, 2015

A very well-run company and have been very conscientious in maintaining a good balance sheet. Asset base is low decline and largely not in Alberta. The biggest opportunity in this downturn is to buy assets cheap, and they are clearly positioned to do that. This is self-sustaining at even $50 oil. Thinks this company will do very well in this market.

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A very well-run company and have been very conscientious in maintaining a good balance sheet. Asset base is low decline and largely not in Alberta. The biggest opportunity in this downturn is to buy assets cheap, and they are clearly positioned to do that. This is self-sustaining at even $50 oil. Thinks this company will do very well in this market.

COMMENT
COMMENT
July 13, 2015

This holds up well because it has got great assets. Run by a super strong team. Trading at a slight premium, which it deserves, because it is a premium operator. Wouldn’t be surprised if they didn’t do a merger, or acquire a larger company such as Tiene.

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This holds up well because it has got great assets. Run by a super strong team. Trading at a slight premium, which it deserves, because it is a premium operator. Wouldn’t be surprised if they didn’t do a merger, or acquire a larger company such as Tiene.

PAST TOP PICK
PAST TOP PICK
June 12, 2015

(A Top Pick Feb 12/15. Up 4.64%.) The management team and the growth profile are the 2 main things with this one. Have done a lot of drilling to date and has done extremely well. They do need to add on a new core area or add to their inventory in the Viking play itself.

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(A Top Pick Feb 12/15. Up 4.64%.) The management team and the growth profile are the 2 main things with this one. Have done a lot of drilling to date and has done extremely well. They do need to add on a new core area or add to their inventory in the Viking play itself.

DON'T BUY
DON'T BUY
April 6, 2015

They are in one of the most economic oil plays in Canada. There will be a lot of assets for sale. The market thinks there will be wildly accretive acquisitions. His concern is that the stock has risen so high that the expectations are almost impossible to meet. That is why this is not a name he owns.

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They are in one of the most economic oil plays in Canada. There will be a lot of assets for sale. The market thinks there will be wildly accretive acquisitions. His concern is that the stock has risen so high that the expectations are almost impossible to meet. That is why this is not a name he owns.

COMMENT
COMMENT
March 11, 2015

This is one of the highest ranked companies in the oil and gas sector for him. Management team has been phenomenal. Their cost of production is very low. If you have a longer-term time horizon, you could go in at this price and do very well. Great management team.

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This is one of the highest ranked companies in the oil and gas sector for him. Management team has been phenomenal. Their cost of production is very low. If you have a longer-term time horizon, you could go in at this price and do very well. Great management team.

COMMENT
COMMENT
March 9, 2015

Good operators and low cost and the balance sheet is almost net cash. In this environment, that is where you want to be.

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Good operators and low cost and the balance sheet is almost net cash. In this environment, that is where you want to be.

TOP PICK
TOP PICK
February 12, 2015

Excellent management team that has proven they can actually add value to shareholders. Very nice free cash flow profile. Even though they are not a dividend payer, that free cash flow can be built back in to grow production. Very clean balance sheet. They will be able to take advantage of the acquisition market that she sees coming.

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Excellent management team that has proven they can actually add value to shareholders. Very nice free cash flow profile. Even though they are not a dividend payer, that free cash flow can be built back in to grow production. Very clean balance sheet. They will be able to take advantage of the acquisition market that she sees coming.

BUY WEAKNESS
BUY WEAKNESS
January 7, 2015

One of the great companies in the patch that has been clobbered like everything else. One of the best Viking oil developers in the space. He chose to stay away from this stock because 6 months ago you were paying full price for the management. That has now changed and this is definitely in his radar screen now. Their execution has been flawless. They are one of the best, lowest cost developers in the space. He would buy on any kind of downturn.

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One of the great companies in the patch that has been clobbered like everything else. One of the best Viking oil developers in the space. He chose to stay away from this stock because 6 months ago you were paying full price for the management. That has now changed and this is definitely in his radar screen now. Their execution has been flawless. They are one of the best, lowest cost developers in the space. He would buy on any kind of downturn.

WATCH
WATCH
December 1, 2014

If you believe in $80 oil then this is cheap. They are in one of the most economic plays in Canada. Does not see how the share price can go up over the short term, but in the long term you will do well.

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If you believe in $80 oil then this is cheap. They are in one of the most economic plays in Canada. Does not see how the share price can go up over the short term, but in the long term you will do well.

DON'T BUY
DON'T BUY
October 23, 2014

Sold it. Incredibly high margins. Light oil has come off so the stock came off. They did an incredible job executing. But he wondered how much running room they had. How can they grow? He has done very well on it. They won’t get acquired if an acquirer can’t figure out how they will grow from here.

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Sold it. Incredibly high margins. Light oil has come off so the stock came off. They did an incredible job executing. But he wondered how much running room they had. How can they grow? He has done very well on it. They won’t get acquired if an acquirer can’t figure out how they will grow from here.

COMMENT
COMMENT
October 7, 2014

This is viewed as one of the best in class operators when it comes to the junior/intermediate oil and gas space. Management team is highly regarded. Growth is getting harder to come by because they have been so successful. If you are bullish on oil and you want to stay exposed there, this is one that you can hold on to.

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This is viewed as one of the best in class operators when it comes to the junior/intermediate oil and gas space. Management team is highly regarded. Growth is getting harder to come by because they have been so successful. If you are bullish on oil and you want to stay exposed there, this is one that you can hold on to.

BUY
BUY
October 3, 2014

Wishes he owned it. Horizontal drilling and multistage fracking. They have done a great job. Company will get a lot bigger, but get taken out at some time. They have to deal with a rapid decline rate.

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Wishes he owned it. Horizontal drilling and multistage fracking. They have done a great job. Company will get a lot bigger, but get taken out at some time. They have to deal with a rapid decline rate.

BUY
BUY
September 8, 2014

A great story. Pulled back nicely recently. Oil weighted. You want to pick it up at $9.75. Great growth rates. Non-dividend payer. They will get to a point where they start to pay a dividend. A core holding amongst his growth oil companies.

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A great story. Pulled back nicely recently. Oil weighted. You want to pick it up at $9.75. Great growth rates. Non-dividend payer. They will get to a point where they start to pay a dividend. A core holding amongst his growth oil companies.

HOLD
HOLD
August 25, 2014

They have done far better than he thought they would. Wells are coming in lower in cost than they thought and productivity is better than they expected. But he is not willing to pay the premium multiple. They can afford a dividend, but their decline rate corporately should be about 45% but other dividend paying names are closer to 13%. He doesn’t think they have an intention of paying a dividend.

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They have done far better than he thought they would. Wells are coming in lower in cost than they thought and productivity is better than they expected. But he is not willing to pay the premium multiple. They can afford a dividend, but their decline rate corporately should be about 45% but other dividend paying names are closer to 13%. He doesn’t think they have an intention of paying a dividend.

COMMENT
COMMENT
August 11, 2014

(Market Call Minute.) Finally trading at valuations where it can get taken over. Thinks the business will finally get acquired.

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(Market Call Minute.) Finally trading at valuations where it can get taken over. Thinks the business will finally get acquired.

COMMENT
COMMENT
July 30, 2014

Wouldn’t be surprised to see Crescent Point (CPG-T) taking a look at this as an acquisition. They are in the same area.

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Wouldn’t be surprised to see Crescent Point (CPG-T) taking a look at this as an acquisition. They are in the same area.

COMMENT
COMMENT
July 16, 2014

This is in the Viking play, and he thinks the economics have always been better in the Cardium. An exceptional company.

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This is in the Viking play, and he thinks the economics have always been better in the Cardium. An exceptional company.

PAST TOP PICK
PAST TOP PICK
June 26, 2014

(A Top Pick February 3/14. Up 59.53%.) There might be a pull back in the summer, but the thesis is in place. Still likes.

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(A Top Pick February 3/14. Up 59.53%.) There might be a pull back in the summer, but the thesis is in place. Still likes.

COMMENT
COMMENT
June 11, 2014

An all oil play. Has done tremendously well. Sold his holdings, and saw an opportunity in Bellatrix Exploration (BXE-T), which was a mixed oil/gas play, so moved the money to that. (See Top Picks.)

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An all oil play. Has done tremendously well. Sold his holdings, and saw an opportunity in Bellatrix Exploration (BXE-T), which was a mixed oil/gas play, so moved the money to that. (See Top Picks.)

DON'T BUY
DON'T BUY
June 9, 2014

A++ management with A++ asset. They did a phenomenal job of growing production, but it trades at such a huge premium that he is not quite willing to pay what the market will pay.

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A++ management with A++ asset. They did a phenomenal job of growing production, but it trades at such a huge premium that he is not quite willing to pay what the market will pay.

COMMENT
COMMENT
May 28, 2014

The day is gone when they are drilling to try and find a huge 5000 barrel a day well. This is now a manufacturing process. They drill a well and it comes online at 60-80 barrels. After a while it declines down to something like 40-50 barrels a day, and then stays fairly steady. They then try to enhance that production through water, polymer or some kind of enhancement.

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The day is gone when they are drilling to try and find a huge 5000 barrel a day well. This is now a manufacturing process. They drill a well and it comes online at 60-80 barrels. After a while it declines down to something like 40-50 barrels a day, and then stays fairly steady. They then try to enhance that production through water, polymer or some kind of enhancement.

BUY
BUY
April 24, 2014

You can expect upward revisions to guidance. The story is simple. South West Saskatchewan, Viking oil. Thinks they will give serious consideration to a dividend model, or to sell the company after a year or two.

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You can expect upward revisions to guidance. The story is simple. South West Saskatchewan, Viking oil. Thinks they will give serious consideration to a dividend model, or to sell the company after a year or two.

PAST TOP PICK
PAST TOP PICK
April 17, 2014

(A Top Pick Feb 3/14. Up 39.44%.) This is continuing to do very, very well. Typical of some energy stocks right now.

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(A Top Pick Feb 3/14. Up 39.44%.) This is continuing to do very, very well. Typical of some energy stocks right now.

HOLD
HOLD
April 11, 2014

You look at the reserve report, the inventory they have and the capital efficiencies lately and you can see this is still going very, very well. He just lets winners run.

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You look at the reserve report, the inventory they have and the capital efficiencies lately and you can see this is still going very, very well. He just lets winners run.

BUY
BUY
February 28, 2014

It has done extremely well. He follows it. It is a focus stock. The only concern is the Nat Gas price and the drilling program. Management has been doing a great job and it has more legs to go. It is producing.

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It has done extremely well. He follows it. It is a focus stock. The only concern is the Nat Gas price and the drilling program. Management has been doing a great job and it has more legs to go. It is producing.

PARTIAL SELL
PARTIAL SELL
February 14, 2014

This is one of those premium management teams. Recapitalized market supported them and they executed well. They still have a lot of upside to grow their business. If you own, consider taking some profits.

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This is one of those premium management teams. Recapitalized market supported them and they executed well. They still have a lot of upside to grow their business. If you own, consider taking some profits.

TOP PICK
TOP PICK
February 3, 2014

Because they have the light oil play in Southwest Saskatchewan, it is a pretty nice development. Have some good cash flow and production increases. Just released some strong reserve growth. Use the 100 day moving average as either your exit point or to start reducing. It could consolidate around $7 for 2 or 3 months so you might see it going sideways.

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Because they have the light oil play in Southwest Saskatchewan, it is a pretty nice development. Have some good cash flow and production increases. Just released some strong reserve growth. Use the 100 day moving average as either your exit point or to start reducing. It could consolidate around $7 for 2 or 3 months so you might see it going sideways.

BUY
BUY
January 27, 2014

Great management team, incredible growth and they executed flawlessly. 9k barrels a day and know how they get to 16. Thinks he can incrementally make money.

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Great management team, incredible growth and they executed flawlessly. 9k barrels a day and know how they get to 16. Thinks he can incrementally make money.

PAST TOP PICK
PAST TOP PICK
January 21, 2014

(A Top Pick Feb 5/13. Up 130.94%.) Sold his holdings at around $6 (23% upside?). This is now trading at a premium valuation.

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(A Top Pick Feb 5/13. Up 130.94%.) Sold his holdings at around $6 (23% upside?). This is now trading at a premium valuation.

COMMENT
COMMENT
December 6, 2013

Run by Neil Roszell and his team who has done this 2 other times. Very positive group. Oil focused in the Viking formation. Has traded this and is currently out of it. Not super expensive, compared to the peer group. Well-run company.

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Run by Neil Roszell and his team who has done this 2 other times. Very positive group. Oil focused in the Viking formation. Has traded this and is currently out of it. Not super expensive, compared to the peer group. Well-run company.

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