hammering. If RPO could just announce a buy out now I could take advantage of some of the multi year low share prices out there, which would be great. Hint hint
spoons youve cheered me up when we get the 50p sell you and i must crack open a bottle of bubbly !!
...only kidding. Spartan's never sell as this misquote goes. Lowe oil goes the more the volume produces will cut back and the bigger the rebound will be. Iran is an unknown factor but I'm guessing all those US fracking interests will manage to scupper any rapid expansion there. Also, no one appears to mention the fact that Iran has been happily selling oil to China all the time that sanctions have been in place. RPO meanwhile appear to be drilling in a cost effective manner, reserving their cash in the knowledge there's no point in pumping much oil at these prices. So in summary, its still a great investment, its just that us long suffering shareholders may have to wait 5 years before we get our 50p payout. Hopefully that day will come before my retirement in which case I will remember to toast RPO every time I finish off another overpriced bottle if wine in my favourite Riviera bistro.
im sure the mm's do this just to p iss me off even more :-(
2nd price monitoring on 2 trades ?? lol
27 Jul '15
RE: for reference
There's no point trying to make sense of the daily rises and falls on such small trades. Just waiting for news/updates with new wells going forward. Would be nice for investors if we got quarterly updates, to hear nothing worries me.
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