Valid point LC,and that would be a game changer for Rockhopper ,if a major farmed in, then Rockhopper's shares would be in serious demand and I will happily pay a premium for the shares then,but at the moment it's just speculation.
I can initiate multiple positions in the Rock in minutes,and will do so when I feel the time is right, but in the meantime I will ride with the market leaders.
Don't even know how feasible this is...any chance the share price being bought down so at its lowest a takeover could be done at say 200% at 21.5p (for example).....I expect alot of laughter to come from what I have just typed, but just trying to think of other reasons why this so so low (bar the glaringly obvious of no future development)
This Share does remind me of getting accused of something at school for something you didn't do and then getting more severley punished every time you object
LC, I do not think anything is rigged,Rockhopper is simply 'unloved',and it's only prospect (Sea Lion)is so far into the future,the market currently has absolutely no interest in it whatsoever.
Sea Lion will be up for a decision in 2019(Catcher 17/Tolmount 18,then Sea Lion,as stated by the operator)so it will probably be 2024/25 when production finally begins, if all goes to plan,which it rarely does.
Price Action is the only important factor for investors...The Poo is up from $27 to $54 and Rkh has barely budged from its low & is one of the worst performing oil shares this year (in its class) on the London Stock Exchange. I believe it is better to follow the market leaders,than fight the market and follow the laggards.
Rockhopper has nothing (of any significance) to announce to the market till the middle of 2019,so investors have left this laggard in their droves,myself included,and taking the loss and moving into PMO was the best decision I have made this year.
I have no doubt the Rock will 'eventually'come good & have its day, but I believe Rockhopper is going nowhere (price action)this year,next year and possibly even the year after that, whilst pmo have numerous potential near term share price boosting announcements in the offing,so my Rockhopper capital is deployed there until I feel it's time to switch back here,maybe sometime towards the end of 2018,well before the build up to FID in 2019 begins.
We can all say how undervalued Rkh is, and what a screaming buy it is, and I do agree on that,but this is no comfort, when Rkh's share price is anchored to the floor. I have fought the market myself in the past but it's futile and now I'm happy to simply ride along with the upward 'price action' that Pmo/Tlw & BP have kindly presented to me. Good Luck to All.
Bump - Trading 30% below even the most pessimistic estimates by Analysts of RKH share price. RKH was trading at 28p when Brent was around $27. Now Brent is trading at double from lows $54 and RKH trading 20% below January Brent low levels. Likelyhood of Farm-In by PMO and RKH for SeaLion has EXPONENTIALLY INCREASED POST OPEC AGREEMENT. RKH PRODUCES 1500bpd+ and another $10 in average Brent Price translates to an additional $6mn (approx) of yearly annual revenue (mainly profit). GBPUSD - Down 15% from January so current $54 Brent Price more like $60+ Brent for practical purposes. Something is certainly RIGGED.
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