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A further repeat of my post so the more casual user of this forum is more likely to take a moment and read the link.
I've been a shareholder at RKH for many years, slowly building a position in a firm I believe may increase in value. As in life and all investments there are no guarantees but I am also someone who has worked in O&G for 20+ years and have a MSc etc so have my eyes open as regards the pitfalls. I only mention my background as an indication of having some knowledge, not infinite wisdom, as regards the industry and some of the wider business implications.
Like a few folks I've been on this forum since III changed it's format and as on there I could not understand why some folks were continually posting and talking over others who obviously had some interesting things to share. Unsubstantiated claims based on nothing tangible. We all know this, we see it every day.
Then I clicked and read up the link Nigoil posted (below) and then looked at the track record of some of these regular posters. Some are posting at a rate of more than 1 to 1.5 posts a day to ONLY Rockhopper forum chat. If someone is truly a trader and doing shares as a job they presumably own more than one company's shares...?
Anyway. It was an interesting excercise and I recommend it to anyone reading here regularly and wondering why some people posting on here write like they have knowledge beyond any facts.
DYOR as they used to say...and best of luck to you all.
https://messageboardfools.com/bashers.htm
Kurgan, olliesky etc show some worrying repetitive behaviours, which may be caused by self-hatred arising from their poor investment decisions and their seemingly inability to sell a stock they appear sure will go down. What tensions that must cause!! They seem to want to advertise these personal shortcomings on a daily basis thus regrettably turning this notice board into their therapy and anger outlet. Given that: we the readers;: gain no pleasure from their repeated postings of the same points, maybe to a greater or lesser degree are concerned for their mental well-being, don't really want to keep reading the same tedious commentary day in day out, can I/we suggest that you (one person/ several person/ one person with multiple personalities) seek professional therapeutic help for your condition rather than visiting it on us day in day out. Can I recommend you seek special help for;
- self hatred
- inability to handle difficult situations
-understanding rationality
-anger control
- truthtelling
-scatalogical obssessions
Best of luck
Oilfred - another pillock.............yawn
Nigoil, are you really suggesting that someone is paying good money to these numpties. I was about to say 'clowns' but retracted; their postings as well as being short of information, wisdom or charm and neither well written or amusing.
In short if I was that Hedge fund I would want my money back. I suspect they provide even worse value than Mr Moody;)
Trust me ralphy, I understand you guys have deep seated issues. I dont think we are qualified to help you. So sorry
Godders99,
You joined LSE in Oct 2014. Rockhoppers shareprice high was 75p in Oct 2014
It was only £3 in 2010 and a spike to £5.15 in Oct 2010 it was only over £5 for about one week. Are you saying you bought at the VERY top and held for 9 years, waiting exactly 4 years to join LSE?
GOZZIE2,
Try telling that to the people who bought in at the high in 1st week of October 2010 and held for 9 years with no stop loss, as you do with a non divi paying, semi non profit making speculative oil explorer.
Been a long-term holder :( way back to 2009. Kept buying as the price has gone down but still underwater.
I have faith though:)
GOZZIE2,
I don't know whats more impressive holding for 9 years or only posting 7 times in 9 years 4 of those posts are today all on RKH.
Yawn! Plop, into the dusty bin. I think thats a record, 4 posts and gone !
ralph2010,
I've just had a look at your posts back to when this spiked to the 40s, Every single one was negative. Did you not fancy letting some of these go in the 40s like a lot did, it just followed the oil price with a bit of a delay from memory ?
I used to post occasionally on iii. To be honest its been quite fun watching the various characters come and go over the years particularly during the more frenzied times on iii with the Blue horse gang et al. Return on cash poor but entertainment quite good up until now. Blue horse and his gang were clever and funny. Ralphy et al are neither.
GOZZIE2,
In Premier Oils update they say their base case is $65 Brent, doesn't help much as we are not even there at the moment. UKEF also predicting $65 average Brent and Premier Oil were consulted in part of the UKEFs research. Its all there to read if you can be arsed to find it.
Don't look for logic from these guys. They are either stupid, dishonest or in the pay of hedgies (hard to believe anyone would employ such numpties but who knows..)
Shocked by some posts here like this one;
"I saw a video of this guy malcy on oil he said rockhopper was only viable iff the price of oil is above 70 dollars is he correct he owns none of these shares just talks about it ."
Complete rubbish. Breakeven is no more than $45; in fact I believe its around $43 now.
The $45 number is well known to those who have properly followed RKH. PMO's number for proceeding is $55.
hTTps://en.mercopress.com/2016/09/15/falklands-sea-lion-oil-project-break-even-price-reduced-to-us-45-a-barrel.
Oilfred,
Welcome back from the dead, I think someone just thought they had got you banned. Apologies if I sounded a bit disparaging re your posting history, I think its all a bit 'trust no one' on this forum for some reason or other.
Good luck
cyan2,
I tell you what I'm shocked by 37 posts and 37 trades today. Malcy is a good commentator but thats about it. Do you really think they would sanction. Break even $45 investment case $55 ?$10 profit per barrel. Premiers base case is $65 for investments going forward.
Gozzie, are you posting fake stories again? Show us Maclys link please.
You're about as believable as Godders and his '500k' investment here.
Actually the breakeven number is $40 now;
hTTps://rockhopperexploration.co.uk/wp-content/uploads/2019/09/Investor-Presentation-September-2019.pdf
~$40/bbl
cash break-even
~$25/bbl
life of field opex + lease
cyan2,
Ok so at $40 Breakeven we should be ok with Brent at around $60.
"Ok so at $40 Breakeven we should be ok with Brent at around $60."
In 2017 PMO's minmum proceed number was $55. Based on recent reductions in the costs down from $45 to $40 , its fair to presume they are content with $55.
2017 article;
www.bloomberg.com/news/articles/2017-07-13/falklands-flagship-oil-field-off-target-at-current-crude-prices
"Premier is looking for $55 a barrel, compared with a price below $50 today, to get the desired 20 percent rate of return at its Sea Lion find, Chief Executive Officer Tony Durrant said Thursday. “If it was a little bit above that, we’d be a bit more comfortable,” he said.
I stick to the general rule that if you dont have anything of value to post then dont bother.
I think my rule snapped after reading for the 100th time the usual drivel from Kurganollyralph.
Everyone has their limits of endurance.
I honestly think these guys need medical help.
KURGAN2.0,
What did you get banned for ?
Anyone ?
Thanks Kurgan, if its not the boilerroom then that leaves, stupid, dishonest or in urgent need of psychological help...
which is you?
cyan2,
Thanks for that, sounds perfect at todays low Brent price then. I think IMO2020 will be a very important driver to Sealion being developed.