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Renegade Petroleum Ltd. Stock Symbol: RPL-X (Dead)

Notes:

Acquired by Spartan Energy (April 2014)

Last Price Recorded: 1.9400 on 2014-04-09 01:14:57

Date Signal Expert Opinion Price
2014-04-04 HOLD Genevieve Roch-Decter

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.


Price:
$1.790
Subject:
NORTH AMERICAN ENERGY INFRASTRUCTURE
Bias:
BULL on ENERGY
Owned:
Unknown
2014-03-13 HOLD Robert Lauzon

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.


Price:
$1.490
Subject:
ENERGY
Bias:
BULLISH on NATURAL GAS
Owned:
Yes
2014-03-12 COMMENT Lyle Stein

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.


Price:
$1.520
Subject:
CANADIAN
Bias:
UNKNOWN
Owned:
No
2014-03-11 COMMENT Eric Nuttall

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.)


Price:
$1.530
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Unknown
2014-01-30 DON'T BUY Dennis Da Silva

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.


Price:
$0.890
Subject:
CANADIAN RESOURCE
Bias:
BULLISH on NATURAL GAS
Owned:
No
2014-01-13 COMMENT Eric Nuttall

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.


Price:
$0.930
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
No
2013-12-20 HOLD Jaime Carrasco

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.


Price:
$0.910
Subject:
RESOURCE, UTILITY & REITs
Bias:
CAUTIOUS
Owned:
No
2013-12-06 WATCH Joanne A. Hruska, CFA

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.


Price:
$0.920
Subject:
OIL & GAS
Bias:
OPTIMISTIC
Owned:
No
2013-12-04 COMMENT Robert Lauzon

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.


Price:
$0.920
Subject:
ENERGY
Bias:
BULLISH on ENERGY
Owned:
No
2013-11-18 HOLD Michael Giordano

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.


Price:
$0.990
Subject:
CANADIAN RESOURCE
Bias:
BULLISH on RESOURCES
Owned:
Unknown
2013-11-04 PAST TOP PICK Eric Nuttall

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


Price:
$1.100
Subject:
OIL & GAS
Bias:
BULLISH on OIL
Owned:
Yes
2013-10-24 HOLD Peter Imhof

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.


Price:
$1.090
Subject:
NORTH AMERICAN - SMALL
Bias:
BULLISH on SMALL CAPS
Owned:
No
2013-10-23 SELL Bill Bonner

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.


Price:
$1.080
Subject:
CANADIAN OIL & GAS
Bias:
BULLISH on OIL & GAS
Owned:
No
2013-09-25 DON'T BUY Eric Nuttall

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.


Price:
$1.080
Subject:
OIL & GAS
Bias:
OPTIMISTIC
Owned:
Yes
2013-08-19 HOLD Eric Nuttall

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.


Price:
$1.120
Subject:
OIL & GAS
Bias:
OPTIMISTIC on ENERGY
Owned:
Yes
Showing 1 to 15 of 83 entries
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