It's amazing! We are heading into the next drilling campaign with $205million in the bank, med assets, 400million barrels of oil p50, $48million free carry on the drills and we are almost at the same price we started the last drill campaign at when we had.....NOTHING! I know e Price of oil has dropped but by the time we are producing in the Falklands, price will be high again due to the lack of investment in other areas. Also, price of oil this time around is almost exactly the same as it was last time we went from 50p to £5! Very exciting to be in at this level. If someone had told me 4 years ago that Rockhopper would drop to 50p, below cash value I would have laughed at them!
It said the two Russian planes did not enter UK airspace, but the manoeuvres were "part of increasing pattern of out-of-area operations" by Russia. The controller added: "The operations room was both calm and focussed. (well you would be with no threat . http://www.bbc.co.uk/news/uk-31049952 . now your meant to get scared by the way Russian military planes flying near UK airspace caused "disruption to civil aviation" on Wednesday, the Foreign Office has said.It said the two Russian planes did not enter UK airspace, but .... LMAO . A sharp fall in the cost of petrol, which has dramatically improved disposable incomes LMAO , if you only use a car locally you'll be lucky to have £3 extra week too your dramatically improved disposable income , oh and lets not forget the avg £25 a year from energy price cuts . I feel so much richer I might have a week at butlins for the hell of it . :-)
A trade is always good. It's why I like to buy small amounts over a month or so. Gives more chance of hitting a low point with a tranche and being able to trade that tranch. Overall here, looking for £1.50 by the summer. This whole oil drop is getting boring now. Tankers are filling up and waiting as anyone with any sense will look at the yield curve and see that prices are turning up over the coming months. Look at CAZA today as an example of what is happening to US fracking. They have excellent wells, high production but they are not drilling any new wells until the oil price makes it worth while. The same thing will happen throughout the industry. This oil crisis will be over as quick as it started.
lol , yeah always a favourite if you get a good result , posters ramping / de-ramping makes no difference to me which side they are on , if the post is a good post with good points made that makes me think ( ie opposite view) and re-look at my holdings , all the better because I might learn something or it might highlight something I've missed . like you here at rkh I just can't see it as a bad buy or high risk buy , a good buy with low/medium risk is how I see it and seen as i'm here for long term i'll just carry on playing the ups and downs best I can to make cash or free shares for core holding . atb for the months ahead if like me will trade if see chance as we hopefully go back northwards . nothing goes up or down in a straight line so always the chance of a trade is my motto .
Touching $50. David Lenigas has predicted $70 by March on twitter tonight. Forward yield curve on oil is also suggesting over $60 by March due to the massive scale back in investment. The US is already starting to crack and admits it will have to be a swing producer. It is more expensive at the moment to frac and stick the oil on a train than it is to import it from Saudi producers! This low oil price won't last and those who got in at the bottom or near the bottom will be very happy in a year or two. Big opportunity in oil right now.
I've just been called a paid ramper. If the paid rampers are turning up then you know things are about to kick off. I agree with your post re the graph. Trying to call a bottom here is too hard. We are already well below cash value and we have assets worth probably $1billion to us at least! I was in during the last drill campaign from the start so I know full well how fast this can move from doom and gloom to Argie fever! Not willing to take the risk and be out on the day this pops back up to 100p. It could happen at any point in the next couple of months but I am starting to build a position now. God knows I have waited long enough! About four years to enter so very sorry to those who think I am over excited. RKH is one of the best shares I ever held, but only because I bought and sold at the right time in 2009/2010.
made me laugh this week when Russia was downgraded honest I lmao , take a look at this link and tell me who should be classed as junk before Russia http://www.usdebtclock.org/world-debt-clock.html . the west are so see thru it's laughable , with the BBC ,CNBC , FOX and SKY you have such a propaganda machine when you add the wests puppet papers on top , UK debt getting larger and larger , . http://www.debt-clock.org/ , it's only going up at 4k a second , no problems says Osborne I've got the deficit down a little , every 7 seconds is an avg wage in UK . LMAO how easy it is to fool joe public .
you'd think that if they wanted to stop IS selling or pumping oil from the wells they hold that they'd just put the wells out of action or bomb the long line of oil trucks waiting to be filled . would also help the oil price go up , less oil on the market . as for oil hurting Russia , I think you'll find it's hurting a hell of a lot more than just Russia and far worse too , including the UK and US . anything to keep peoples minds off the financial mess the globe is in . well with 51.75 being hit today it has hit the low of 16 dec ( I bought then @ 52.5 p and sold at 70p and bought back @ 57p last week ) and as in a recent post wrote , would have another tranche if it hit 50p well not sure it will and happy to buy today again @52.5p , not too keen on only using one indicator as a guide on my charts , look at all those chances of making small profits on the way down , Hankmarvin , not a very good chart to show , you'll never find a bottom with that chart . please tell me your not buying or selling using that chart ? . atb all , defo my last top up , will sit and let the fun begin .
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