Ruspetro Share Discussion Threads

[gwr7] 08/1/2013 16:21

If the less experienced investors on here have read the link I posted, perhaps they'll understand why this has been a remarkably easy stock to short.

[gwr7] 08/1/2013 16:08

Yeah durby, I've invested in oilies in the past. I was interested in this one until I saw the flaws.

[zooshare] 08/1/2013 13:48

AT trades doing exactly what it says on the tin, controlling share price while buying is going on. 1m buy: .5m sell

[ranj79] 07/1/2013 22:52

With oil companies you will alway have a risk factor.. Even with GKP and there huge reserves have had huge volatility. Not one out there that hasn't dropped like this.

[durby] 07/1/2013 20:29

GWR - Not sure if you have invested in oilies in the past ...

Anyway, there is an independent third party report on reserves (so not an internal estimate) if you care to read. Link below.

[solooiler] 07/1/2013 19:38

Bought £6k worth :)

[ranj79] 07/1/2013 17:22

Not a bad end today considering the RNS. Only day 1 tho...

[mcpaulas] 07/1/2013 16:15

I should imagine that the weather must be a major concern at this time of year,it must slow things down a bit.It must be harder to pump, as oil viscosity increases as the temp drops.

[gwr7] 07/1/2013 16:03

The share price has gone down relentlessly despite one positive announcement after another. The after hours RNS perhaps indicates why. They were on track for 10400bopd on 19th November, supposedly, but fell well short with 6500 without giving any indication during December. I suspect this affirms the belief that the management can't be trusted and potential production and reserves figures have been exaggerated.

[zooshare] 07/1/2013 14:44

IMO the story here is not a "plug and abandon well", it is that the well is of excellent quality and we are fitting a new production facility and target not hit due to delays...investors can see the difference. RNS says finance not impacted due to price differential etc...

[acefromspace] 07/1/2013 13:59

Agree Salpara. However seems lots of people think this is a good time and price to buy in. Surprised at the level of buys today after the news and current uncertainty.

[salpara111] 07/1/2013 11:25

The reason I have never invested here is due to watching what has happened over at JKX.
Management constantly setting production targets and then consistently failing to achieve them. JKX have been hammered and rightly so for their failures and RPO seem to be following suit.
The problem is that these situations always take much longer to rectify than initially imagined.

[zooshare] 07/1/2013 10:24

durby, thank you for this info. very useful

[durby] 07/1/2013 09:51

Zoo - IMO if RPO executes its strategy correctly, share price will be much higher than where it currently is now.

IMO we will be back to 70-75p levels before the next Ops update - which should be out once they have the condensate infrastructure up and running. There has been some delays in execution but fundamentals haven't changed. I think 2013 can be RPO's year.

But one needs to keep an eye on cash levels. Any additional costs (like the one they are putting in place to deal with additional gas & heat), will eat into their cash levels. Per the last interim, RPO is fully funded for 2013. Question remains as to whether this is still the case.

RPO is putting in place an infrastructure that can handle 15k bopd. Once they have reached this target, it will be good to know how they plan to build additional infrastructure.

Still, this is a good share to hold IMO. Well done to those who got in at 65p levels today.

[zooshare] 07/1/2013 09:24

durby...what is your next predition? tia

just emailed RPO about their Friday's after hours RNS. Did more harm than harm!

[durby] 07/1/2013 09:19

There you go - my predicted 65p!

Forget Spreadbet magazine - it is written by people on these types of BBs.

[zooshare] 07/1/2013 09:15

darcon...sorry about your loss. I am also deep in loss. have added a few at 60.

you probably find that the russians are busy covering their shorts! they are always in the know what oilers are up to especially those operating on their territories! imo

still hopeful. gla

[darcon] 07/1/2013 08:43

Looking back at my own posts I said it was likely to go to 60p at beginning of Dec. I wish I had acted on my observation. Anyway, too late now. I am down a further £2.5k but I see this share as having option value on Russian tax law reforms regarding recovery of tight oil. I think it's too early to add. There may be a further bout of selling later in week once Russians return from their long holidays.

[ranj79] 07/1/2013 08:25

So far not so bad, only touched below 60p. What you guys think?

[nw99] 07/1/2013 07:59

Spread bet mag saying buy below 60p

[darcon] 06/1/2013 08:21

No, I am not short. I am currently down approx £10k and hoping for a turnaround (most likely as a result of tax law changes). I expect the tax law changes to be introduced by Russian govt at some stage in view of Rosneft's large unconventional reserves. But I think govt may delay it for political reasons until after completion of Rosneft's purchase of TNK-BP and BP's buyin of almost 20% of Rosneft.

[zooshare] 06/1/2013 08:09

darcon, are you short rpo?

I would be adding to my holding on any weakness. gla

[house atreides] 05/1/2013 19:33

drop to 65p woud be excessive & overdone. The tax law stuff does matter though.

[gary1966] 05/1/2013 19:10

Not sure that RPO are going to have cash flow problems given the following from yesterday's statement:

"Despite the production shortfall, the differential pricing of condensate has worked to the Company's favour. Our cash generation during the final quarter has been strong and has proven the merits of changing the focus of our drilling operations towards the condensate rich area of our field."

Could be a good opportunity on Monday for some cheap stock from an expected over reaction.