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Rockhopper Share Chat (RKH)



Share Price: 88.25Bid: 88.00Ask: 88.25Change: 1.00 (+1.15%)Riser - Rockhopper
Spread: 0.25Spread as %: 0.28%Open: 87.00High: 88.75Low: 86.25Yesterday’s Close: 87.25


Share Discussion for Rockhopper (RKH)


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greenmole
Posts: 174
Observation
Opinion:Strong Buy
Price:88.75
View Thread (2)
RE: Tony Durrant
Today 08:55
Billion pound company in the making and some good news could be coming from Med oil
 
top-cat
Posts: 3,102
Off Topic
Opinion:No Opinion
Price:86.25
View Thread (2)
Tony Durrant
Today 08:47
Tony Durrant has just been interviewed on CNBC. The first question asked was how the Falkland oil project was progressing to which Tony replied , everthing going well. The second question was if the Argentine situation was affecting the confidence of the project towhich Tony replied no, not at all.
MaverickD
Posts: 5,123
Off Topic
Opinion:No Opinion
Price:86.25
Sealion
Today 08:34
FEED progressing well - PMO RNS

We will be getting some news here and feel these levels will be well behind us
top-cat
Posts: 3,102
Off Topic
Opinion:No Opinion
Price:87.25
Pmo half year report
Today 07:11
mVesting
Posts: 65
Premium Chat Member
Observation
Opinion:No Opinion
Price:87.25
A concern here
Today 06:30
I am holding RKH but this does raise a general concern, it's an interesting read to say the least...

Two years ago we warned that the shale oil revolution might be a threat to the most expensive oil projects around the world. We argued that the most expensive barrels risk being pushed out of the market by shale oil, just like the Russian Shtokman project was pushed out of the market by shale gas. Shale oil is not particularly cheap, it seems to require Brent prices in the 60-105 $/b range in order to be developed, but the cost curve is very different from the other resources out there.

According to the Goldman Sachs report “400 projects to change the world”, which was released on May 16, the cost curve for the shale projects range from 60-105 $/b, however 90% of the curve is flat at 80-85 $/b. According to the Goldman report, it would require an oil price of 40-100 $/b to develop 4 Million b/d of peak production from Deepwater projects, 20-110$/b for Traditional projects to reach 4 Million b/d, 40-110$/b for Heavy oil projects to reach 5 million b/d at peak and 35-110$/b to develop Ultra deepwater at peak production of 8 million b/d. It would however not require a higher oil price than 85 $/b to see peak production of US shale oil reach 10.5 million b/d. This changes the whole industry as there is no longer a requirement for oil prices to increase anymore in order to cover the market need for the rest of the decade. We hence maintain our view of the oil market that we launched two years ago when we claimed that the shale oil is a game changer for the global oil industry.

There are several quotes from Goldmans’ top 400 report we would fully agree with. Here are some of them: “As shale supply continues to grow from the US with no potential upside to oil demand, significant downside risks continue to plague oil prices”. “Shale dominates volumes and pushes high cost developments into irrelevance”. “Assuming the pace of activity in developing US shale oil reserves remains high – a scenario that is likely with oil prices above 85 $/b – the global oil market will continue to be well supplied in our view. We believe this could have material consequences for oil discoveries that sit at the top of the cost curve, which may not get developed”. “The consequence of shale developments is a displacement of projects with break-evens above 85 $/b Brent”.

It seems the oil majors are now responding to this new situation after pressure from their shareholders. The focus is shifting from volume to project economics and return focused capital discipline. Why would you in the new resource world invest billions of dollars to develop a project that requires 100 $/b or higher to break even? Studies have shown that more than 400 billion USD of global CAPEX is at risk if oil majors choose not to invest in projects that require a higher oil price than 85 $/b in order to be developed.
MaverickD
Posts: 5,123
Off Topic
Opinion:No Opinion
Price:88.75
Link
Tue 09:16
MaverickD
Posts: 5,123
Off Topic
Opinion:No Opinion
Price:89.00
Target Price Brokers
Tue 09:12
Mean Average is £2.75, so you can understand with Sea Lion RKH have a very valuable asset......further farmout on the cards
MaverickD
Posts: 5,123
Off Topic
Opinion:No Opinion
Price:90.00
£1
Tue 08:35
very SHORT TERM TARGET
MaverickD
Posts: 5,123
Off Topic
Opinion:No Opinion
Price:89.50
Tech Analysis
Tue 00:28
thewonderbrabar
Posts: 993
Off Topic
Opinion:No Opinion
Price:89.50
View Thread (2)
RE: ChrisOil volte face!!
Mon 18:27
Not worth celebrating the fickle changes of the paid goons of share prophets.



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