Ruspetro Share Discussion Threads

[riseup2] 13/6/2013 18:20

Need some good news ASAP or this is going in a downtrend!

[brucie5] 03/6/2013 14:57

Tentatively staying over the 100ma. I think this stock is called a 'naughty step' stock. Not many willing to believe in it. 50p level might change some of that, but not sure what the catalyst would be for a real reversal.

[darcon] 01/6/2013 10:44

Latest view from Otkritie:

[salpara111] 31/5/2013 10:32

While getting the financing sorted was critical and a welcome development it does not change the operational challenges facing the business going forward.
Oil exploration and reserves are currently heavily discounted by the market in general, only physical production is getting value assigned to it so just like JKX and many others the share price will struggle to gain any real momentum from here.

[brucie5] 30/5/2013 10:37

I've taken a nibble on the slight down tick this morning. 50 would seem a safer point of entry to judge from the 200wma, but that's 25% higher..

[dflowers68] 29/5/2013 21:23

Hi Darcon, I must confess I thought price would jump more today. I've been waiting for this kind of news. I resisted buying first thing and I now have a few shares in my Isa that I'll be holding and adding to over time. Gla.

[ranj79] 29/5/2013 20:02

Has this link been posted before? Interesting video on RPO.http://tinyurl.com/bm6g4co

[brucie5] 29/5/2013 18:01

oil explos are hardly popular atm.

[darcon] 29/5/2013 17:59

The lower interest rate on the Sberbank debt now matches the lowest discount rate of 8% in Ruspetro's reserve report, which would imply a significantly higher valuation. Of course, they still need to raise additional finance for the drilling required to continue the work of proving up their reserves and increasing production. I am a bit surprised the market didn't jump more on the positive news today.

[darcon] 29/5/2013 17:28

The next corner to turn round is restructuring of Makayla's debt which is due to mature in August 2013

[brucie5] 29/5/2013 11:57

Does this mean RPO have turned some kind of corner? Why should this not be overlooked in the context of its abysmal performance over time?

[ranj79] 29/5/2013 11:22

Think the MM are holding this back till the big boys fill up!

[lovegod] 29/5/2013 11:16

up we goooooo

[liam1om] 29/5/2013 08:34

Great deal, now we know why the Directors have been buying so heavily here.

I've got a short term target of around 60p. RPO has shown that it can break out aggressively when it wants.

[salpara111] 29/5/2013 08:25

Certainly seems like a good deal.
Not clear whether there will be a sustained rise in the share price or just an initial bounce.

[here and there] 29/5/2013 07:49

just what the doctor ordered. excellent news for ruspetro

[turborock] 29/5/2013 07:21

Seems like a decent deal and removes some worry

[11mel] 15/5/2013 10:39

either one of two things going to happen quiet soon , placing or a buy out by big multi national!!!!!!!!

[11mel] 15/5/2013 09:03

i would have a nible at 17p

[rcturner2] 15/5/2013 08:32

I would have a nibble at 30p.

[salpara111] 15/5/2013 08:31

$351M net debt says it all.
There is no way they can service that debt pile with current cash flow.
I agree, there will have to be some sort of placing to get it down to more manageable levels.
It does seem odd, the amount of director buying recently.
I will keep an eye on them but cant see the point in being invested until we know how they are going to refinance themselves.

[oil man] 15/5/2013 07:45

Institutions will need looking after price wise after paying so much at higher
levels.

[darcon] 15/5/2013 07:42

RNS dated 18 March 2013 stated "As at 28 February 2013, the Group had US$20 million of cash"

Latest RNS states that "Cash balance of US$26.01 million as of 31 March".

So they may have enough cash to make the annual interest payment to Sberbank in May. But they are cutting things very fine.