Nsh - Its not daytraders causing ROC to go go down 20% when oil...

Nsh - Its not daytraders causing ROC to go go down 20% when oil is at all time highs. It is bedrock institutional investors lowering thier holdings.

ROC could do with a good dose of speculautive investment to put it on the map, cause at the moment it is flea circus.

I hold ROC and guess have faith in the Cabinda field, a faith I dont share int he management of the company. Another crappy information release, giving too little too late.

For example they might elaborate on the thickness of the intervals, or preliminary opinion on whether it could be commercial. Did the wireline confirm the 3D siesmic, are the estimates good ? Did they flow test? If not, why not. I guesse a sandy interval so flow should not be problem. Who knows - we get to sit like idiots for six months before they grace us with an update. Guess what though....there are a bunch ROC oilers who do know so they will profit at the average shareholders expense.

Love Cabinda field, hate ROC oil