Christ! Listening to some one like you dirkdiggler9 is depressing. If this is the case why would anybody bother investing in any share on the markets all around the world. I mean listening to you, makes you think whats the point ? Sounds like we would be bet off going down the bookies and put our money down on some old nag. The unforeseen problems are here and now ! Look around you fella all the oil stocks are on there arse. It's a pritty good bet that eventually the oil price wll recover to a certain degree. Don't you agree, dragging these oil stock back up with it. The lower they go the more I'll put in simple.
Share prices (for any company) reflect all currently available information within the public domain. This includes the fact that in X years time RKH will be extracting oil from SL. Any deviation from this expectation (i.e. unforeseen problems/successes during extraction) will impact on the share price. As long as RKH successfully extracts X million barrels as everyone envisages, then the SP will not be affected. To say that the SP will rocket or even rise during extraction is madness. If the market was that easy to predict we would all be millionaires.
If we are following the oil price.....I think we're a strong buy. Syria! The states have brought this oil price down; perhaps partly/mainly to damage Russia. The Russians have got involved in Syria and the Oil sp is starting to raise! Russia are playing the long game; this oil price is going up IMO
I've been in a number of years at £2.50, after it had fallen back from £5, thought it was just a blip. Still in, holding out. I still think there's some potential here, and sentiment in the oil sector will change eventually, may take a few years mind. I'm happy to sit in and wait, and hope to at least make my money back. RKH do need to actually generate revenue and cash flow though in the current climate, but at least they have money in the bank.
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