RFE has been consolidating for a good 10 months now. I can understand the frustration of the people here who have held throughout that time or even longer. I think what RFE needs is a significant catalyst to drive a re-rating. I do think it will happen in the next two months with the catalyst being solid production figures. The ASX is littered with oilers. I think for RFE to stand out, they have to break 3000boepd or 4000boepd, which I believe is highly likely. I have a small position and I will be watching very closely.
Add to My Watchlist
What is My Watchlist?