A lot of people have probably forgotten that RFE also has pretty decent shale gas assets. Natural gas price broke out strongly overnight to close at $3.17. A technical analysis site I follow (fxempire.com) was of the opinion that a breakout above $3.10 would be extremely bullish for natural gas with the next target price being $3.50. If the run continues $4.00 was also not out of the question.
Oil price also successfully closed above the $88 support level so there is a strong possibility that the oil price will have another go at breaking $95/bbl.
The share price held up well over the last two days despite jittery markets so IMO, the tide could finally be turning for RFE.
Bought back into RFE a couple of days ago.
Thx Wobbly for the research reports.
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