Ruspetro Share Discussion Threads

[n3tleylucas] 05/3/2013 12:37

This is a stock for the brave ... I'll wait a bit longer, before entry.

[purple11] 05/3/2013 12:34

crazy bxstard that I am ive bought today@28 with stop@25.5.

don't ask me why I don't know.gl

[2bung] 04/3/2013 11:45

i'm not prepared to average down at this price, that's for sure

hope the fall is over tho

[flyingbull] 04/3/2013 08:49

The March oil stock competition challenge is still on.....deadline for entries is Midnight tonight on Monday 4 March 2013.


Best regards,
fb

[shovelandspades] 01/3/2013 16:45

Pro_Better - Whats the RSI screaming about? Could it be BUY BUY BUY!!!

[2bung] 01/3/2013 16:36

Looks like no value here at all :(

[rcturner2] 01/3/2013 16:11

Welcome to PTR. I wouldn't call it my favourite since I halved my stake after the last RNS. Still hold 1.5m though so I am hoping for a better operations update later this month.

[darcon] 01/3/2013 15:56

Perhaps one route to raise cash could be a joint venture farm-out with one of the oil majors interested in Russian tight oil prospects in respect of one or all of the three licences. Such a strategy would of course result in dilution for current shareholders but could bring in additional money, expertise and also provide investors with additional confidence on the reserve figures. With the company having done much of the legwork with S&P and the banks for the recently postponed loan note issue a deal could presumably be done relatively quickly.

The other alternatives might be a rights issue or loan.

Putting on the rose-tinted specs, production has still risen though not as much as forecast and the oil price has been higher over the past few months so some additional cash from that (although approx 80% of such additional rise has gone to the Russian govt). Also, might RPO have been spending less capex (eg, on drilling wells) while waiting for the heat exchange to be commissioned? If so, then cash may not be as low as some are expecting.

So I am holding for time being and patiently waiting for the catalysts for a turnaround, although I am in very heavy loss at the moment.

Btw, RCTurner2 I have dipped my toe today in your favourite PTR. However, that may be a bad sign given my dire experience thus far with RPO.

[rcturner2] 01/3/2013 15:35

I think RPO are caught in the pincer of production shortfall and debt falling due. I cannot see them getting out of this without some additional funding.

[ranj79] 01/3/2013 15:26

Am out now.. Couldn't take the hits. Into XEL. Back to the More reliable North Sea!

[2bung] 01/3/2013 15:23

1 thing about RPO is consistent at, it's good for a 10% fall every day.

[salpara111] 01/3/2013 11:40

Pretty hideous value destruction here.
I have had them on my watchlist for about 6 months but never took the plunge as they never managed to do what they said they would do.
I am keeping an eye on them but their financial position is now precarious so wont invest a penny until there is a clear indication of a turnaround.

[darcon] 01/3/2013 11:26

Thanks N3tleyLucas

[n3tleylucas] 01/3/2013 11:16

Just go to takes 10 seconds, and pop the code into yer header

[purple11] 01/3/2013 11:12

DONT DISTURB THE BEAST WHILST ITS EATING.

[darcon] 01/3/2013 11:09

Otkritie Capital yesterday reiterated its "HOLD rating despite [their] target price of GBp123/share and 260% upside due to [their] valuationрs high sensitivity to the highly variable and unpredictable decline rate and initial flow rate. Coming share price catalysts are not only production reports but also taxation changes and funding news."

Link to full article below:

[2bung] 01/3/2013 11:03

Don't think so Darcon, that chart doesn't seem right.

How much debt does RPO have ?

[darcon] 01/3/2013 10:54

Just looked at the SOL figure again and it is for 26 Feb. So it perhaps indicated a few shorts taking profits prior to last announcement. It will be interesting to see in coming days if the SOL figure is now rising again following the 27 Feb announcement.

[darcon] 01/3/2013 10:49

Stock on Loan has reduced slightly since the last announcement so perhaps some shorts are taking the opportunity to close, take profits and reduce their risk prior to the next announcement.

[2bung] 01/3/2013 10:44

usually put in

[darcon] 01/3/2013 10:11

Does anyone know how to add a flag counter to the header?

[2bung] 01/3/2013 09:33

RPO is showing some resilience, would have thought we'd be in single figures by now LOL :(

[2bung] 28/2/2013 16:25

well done, hope it works for you guys, i need 100% now for breakeven :(

should have bought SKR