Renegade Petroleum is our largest stock holding at roughly 112,000 shares spread over several accounts. I (and many other shareholders) have suffered thru the mismanagement of this company over the past 18 months... but finally, victory!
Today the company announced they are combining with Alexander Energy. As a result, the share price of Renegade shot up 30% in two hours of trading. Might sound greedy, but I believe there's still 10% upside, on top of todays gains.
If you're not into stock picking, this post is probably boring you to sleep... but if you own RPL, here are all the happy details.
usual disclaimer: I'm not your mother or your financial advisor; do your own research and don't ever buy anything based on my experiences, since I'm wrong the majority of the time...