Hi shrewd,
First of all i welcome any negative view about RFE so we can discuss both positives and negatives. For quite a long time there is no negative posts about RFE. You are the first one challenging the fundamentals of RFE.Thanks for your long research shrewd.
1. Iam very well aware Gas prices are low,...but the futures are pointing to high prices and i hope $4.00 Mcf will place RFE in well Position.
2. RFE's EOK play is a Bio-genic type so how the flow rates will fall that quickly?
3. When MEO trades at $261 million without even drill a hole, why RFE at $136 M is a Sell?
4. Valuations based on recent takeovers in US says RFE sitting on 2.4 billion worth of asset, is 136 million market cap over valued?
Personally i believe (IMO only ) RFE has got outstanding fundamentals, and iam prepared to wait until they prove it.
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