Hi TC, long time off this board but still holding a substantial number of shares from years ago (never sold any). Sitting on a large loss at present. I personally cannot see much acceleration in bringing oil upside until the price recovers from its low base. Would think if there was some massive political turmoil that necessitated the need for oil quickly then some urgency might be injected. What are you thoughts on this?. As an aside how is that son of yours doing; he must be getting ready for school soon perhaps. Regards to you and good luck to all holders of Rockie. Patience is need here in spades, but it will come good further down the line.
The biggest negative i glossed over - all the traders making dosh from churning the algo's never post what they do or what they are thinking about this share.. there are a few dozen regular posters with good information for those not as savvy as them or the tools available to them. i guess the issue is -easier to short the pants off it rather than buy.
+ve $200mil in bank, interest on balances, fully funded to first oil, other reserves to be booked, other potential prospects, proved resources in the ground, plan to develop the field/s, low share price, pmo delay already factored in by mkt, lower costs to develop, possible t/o target, pliable low tax regime', british overseas territory, poo low yet cyclic, opportunity to get in at a low price, ii's in at a higher price, chance to average down, ii's involved, etc..... -ve low poo , pmo, new province, shorters, fid unknown, the bod. i haven't mentioned other factors and scenarios but essentially the pro's outweigh the cons at 60p - please humble me
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