The other night, the forward curve on oil takes us over $60 in the next few weeks and $70 within a couple of months. Those who have been stockpiling oil in tankers are about to make a lot of money IMO. 7% drop in rig count in 1 week...US shale is finished!
Surges 8%. And were off! ER on the way and oil moving up. Now watch the shortens get burned next week. They have had a good run on oil the last few months but time to close off those bets. Enough is enough.
First thing to learn about AIM, expect to be 20-30% down on your buys and then suddenly 100% up. It's a volatile market and you need to hold until fundamentals change. Don't sell on price drops as prices can rise again in an instant. Price has been falling here for 5 years as development has been slow. This upcoming drill campaign is the development all have been waiting for. Mms are all over this at the moment with algo trades. The volumes and prices make no sense so there is no point selling into such a market. You know what is about to happen and you know that historically, the price went up 10 x during the last campaign. We are in a much better position now than we were then so relax, your investment is covered by cash, assets and the fact that 90% of the shares are held by institutions who will be in until the resource is developed.
We have a free carry on this drill of $48million paid for by PMO. Our first drill has a 52% COS and if oil is struck, it will make the cost per barrel for Dea Lion come down to $32 a barrel. Free drilling, $205million in the bank giving us a cash value of 68p per share and we are trading at 52p. You sell up if you want to mate, I am adding! I will have £15k in here by the time ER has reached the Falklands.
Graftman,your right.My 2 posts totally contradict each other,but I cannot get my head round the fact that despite all positive news ,the sp still dropping.(by the way ,as you know -PO covering ER cost)I have not a clue how far Sp will fall !You know a lot more about RKH than me as I enjoy your posts which are both educational and entertaining.To tell the truth I am new to aim (held shares in Ftse companies for years) and I am trying to find my feet as I am tending to sell when price drops over a couple of days ,causing me to miss out when sp rises.So my aim trades have been well below par!Glad my post gave you a laugh as I was trying to give sp kick up the A-S-
this was your first post on rkh - RKHRE: This is it folks - drilling is ..Tue 11:28
ONBOARD! Agree with your sentiment of 70p + in a few weeks time with progress of Eirik Raude.Bought in at 54p this morning and plenty of blue trades going through past couple of days.Hopefully weather will not hinder ER timescale and Rockhopper delivers on time. so why did you buy in ? have you done any research on rkh ? (costing £500k a day for hire-no guarantee of success -low oil prices) who's covering the costs ?
.TIME TO CUT LOSSES ??? If sp drops below 50p sp will drop like a ton of bricks as rush to bail out begins!!!! LMAO LOL HAHAHA HEHEHE . crinklecut what % do you give that all the II's will sell if this goes under 50p ? and what sp do you think it will go down too ?
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