Impact: Positive. The corporate acquisition of Rock Energy adds another layer of high quality, light oil Viking inventory at Kerrobert complementary to Raging River's existing position. While the market may be initially uncertain of the heavy oil barrels acquired from the Mantario pool, we view this as an opportunistic transaction at a low in the commodity cycle that may ultimately reside only temporary at Raging River. Further, tax pools of $208 mm will aid in reducing the Company's payable cas ....
01 Jun 2016
ANNOUNCES CORPORATE ACQUISITION OF ROCK ENERGY INC. (RE)
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ANNOUNCES CORPORATE ACQUISITION OF ROCK ENERGY INC. (RE)
Raging River Exploration (RRX:TSE) | 0 0 (-2.0%) | Mkt Cap: 1,478m
- Published:
01 Jun 2016 -
Author:
Robert Fitzmartyn -
Pages:
3
Impact: Positive. The corporate acquisition of Rock Energy adds another layer of high quality, light oil Viking inventory at Kerrobert complementary to Raging River's existing position. While the market may be initially uncertain of the heavy oil barrels acquired from the Mantario pool, we view this as an opportunistic transaction at a low in the commodity cycle that may ultimately reside only temporary at Raging River. Further, tax pools of $208 mm will aid in reducing the Company's payable cas ....