I'm sure this cannot get any lower, if ya trading get on it like fly on ****, If you bought in a while ago when if was £ 2+ Hold on tight 1 day u will get it back with interest it's just a while a way,
I have followed this share for sometime and cannot see any logical reason why it's falling so far at the moment or any hint of any news that might suggest there's a nasty shock around the corner. I remain a committed holder just not quite confident enough to top up at these low prices. Any experienced commentators insight would be welcome
The E&P sector is about as bad as it gets right now. In a "hunt for yield" environment no one wants to hold stocks with negative earnings. when the S&P is gaining 30% in a year who can blame them. these speculative stocks are massively out of fashion right now. Of those stocks however I don't know of many better than RKH $300m in the bank. Free carry to production $600m. 400m net barrels massive exploration upside. Everything else is noise, the Falklands will remain British and in my opinion the oil will be produced. Things have come a long way since our £5 valuation after the first oil strike. This was always going to be a long term play and if you can accumulate your position at 1/2 the price Crispin Odey did, I would suggest that is a pretty good opportunity.
I'm with Hellvixen. Can't see anything fundamental changed here. Bit of Argie sabre rattling but there's American money in the Falklands and just how keen will the Argentinians be to p*ss off the Dept of State ? This was always a long term play but it seems there's not enough action for some PIs. I'm sitting tight.
again....getting abit worried about the continual drop in SP on this one- am a large holder....but looking long term...but just disappointed to see this slip all the time. Drilling end of the year, i thought we should start to see some sort of rise and confidence about the prospects of RKH...Any comments?
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