Ruspetro Share Discussion Threads

[rcturner2] 15/1/2013 15:49

Don't try and catch the falling knife. Wait for these to stabilise.

[cricketeer2] 15/1/2013 15:38

Have you read his latest take on RPO?

Now saying 25p

[zooshare] 15/1/2013 15:35

Zak only recently tipped these in SB mag to reach 120p. charters dont you love them!

[cricketeer2] 15/1/2013 14:07

well well 50p...... next week it will be 40p...

[ranj79] 15/1/2013 00:05

Not a 100% sell anymore.. lol, am a glass half full kinda guy :)http://www.barchart.com/opinions/stocks/RPO.LS

[2bung] 14/1/2013 21:05

don't remind me of that share, lost a lot on banks back then :(

[blue86] 14/1/2013 17:32

RCT - fair point but one has to be very careful. i got lumbered with UEN and TMAN. this one kind of reminds me of UEN with the Sberbank angle. good luck to them anyway but defo caveat emptor.

the news on exillon today was also telling.

[cricketeer2] 14/1/2013 17:05

2Bung - Few years ago I invested in Bradford & Bingley, infact right at the closing bell on a friday thinking, there is no way it can go down any further.... I guess you know what happened next....

Sometimes when the fundamentals are so flawed, its just not worth taking a punt on recovery.

[rcturner2] 14/1/2013 17:02

blue - it depends on when you buy and sell

I made good money in 2012 on Matra and Exillon

I am hoping to do the same in 2013 with Petroneft

[blue86] 14/1/2013 16:59

its russia. neither do they.

[2bung] 14/1/2013 16:44

The graph tells it's own story. This hasn't worked either. Nothing goes down in a straight line, I don't plan to be around here in 3 months time.

[blue86] 14/1/2013 16:33

name one russian E&P that has worked?

....

so why is this one any different?

[2bung] 14/1/2013 16:32

I'm not going to argue with you on this. You know far more than I do. I've taken a small £10K position. The selling seems to be drying up, that's why I'm expecting to see blue fairly soon.

[cricketeer2] 14/1/2013 16:16

2Bung - Can you explain the inconsistencies in their RNSs with regards to well head revenue? Are they even making the revenue they claim to be?

[cricketeer2] 14/1/2013 16:14

2bung - bounce on the basis of what?

[2bung] 14/1/2013 16:08

Someone is offloading, there will be a bounce soon imo

[ranj79] 14/1/2013 16:03

Can someone then explain why the sell volumes are so high today then?

[cricketeer2] 14/1/2013 15:45

Mir actually got it horribly wrong. He was a Bull on this share previously.

I guess he, like most people have not read things closely enough and took all the valuations and reserve numbers at face value as reported by the company.

The reality cannot be more different and so it is dawning on everyone.

Read his latest article, predicting 25p!

[rcturner2] 14/1/2013 15:09

With all shares and especially with O&G, timing is everything.

[2bung] 14/1/2013 15:08

In fairness it's hard to argue against cricketer.

I lost a packet on EXI. Sold at the bottom as it turned out. But look at companies like VOG/MXP etc.

[rcturner2] 14/1/2013 14:21

They start the year with production at 2800 bopd. They are drilling 6 more wells on one of their fields (next well result any day) which will hopefully take them over 4000 bopd by July. They are likely to begin putting another field into production H2 (which has over 50m barrels of P2). They are also in discussion with 3 parties regarding 50% farmout of one licence which is timetabled for Q1 and will double the share price overnight if they achieve it.

(edit current share price values P2 per barrel at 60c so plenty of room for 2 or 3 bagger)

[cricketeer2] 14/1/2013 14:14

RCT - In your honest opinion what do you expect from PTR this year?

[rcturner2] 14/1/2013 13:44

cricketeer - PTR will surprise you I think

It does not have Russian backers. It was founded by Irish and American oil men who had worked in Russia and raised their funds in the UK. They then bought 2 Siberian licences. They have 2 producing fields and significant reserves (which are independently verified).

There are no loan to share arrangements on PTR.

[cricketeer2] 14/1/2013 13:40

RCT - PTR is also a disaster company.

All russian focussed oilers have one thing in common, share price spikes with a jam tomorrow story or in the case of RPO, dangle the carrot of incredible reserves which are in essence internal company estimates and not verified by third party or the russian authorities.

Russian backers make a killing. Knowing the real picture, they even put shorts on as its second way of make a shed load of money.

They key thing to point out is that, these companies always have backers who are ready to convert to shares at a set point! It is the same trick death spiral companies pull out.

Put a short on. The more the price retraces, the more shares they will get back when they convert the loans. They can then close the shorts with these shares. Its guaranteed money! Death spiral companies give you money for shares but they have agreements in place for new shares to be issued if the price falls below a certain point. They can put shorts on and drive down the price to fall below that level, at which point new shares are issued to them which they then use to close the short.

I am astounded no one has picked up on this.