I dont think any of us saw the POO war coming, unfortunately,...

I dont think any of us saw the POO war coming, unfortunately, but it wont last forever. I agree with you on the consolidation, I always sell out and re-buy lower.

I'm happy to make entry down until it bottoms, i'll just keep picking them up until it turns around. Trade a few in between. Buy when others are fearful has worked well for me in the past.

There will come a turning point, whether thats due to OPEC making changes or the company reducing costs. I'm confident i'll make money on this.

By the time long termers get back to break even i will have made 100% profit. Thats if it ever gets back to 11 cents..............RC will be under pressure to return value to share holders and at least get them back to break even, that should play into my hands.

Good luck with your trades. See how things go over the coming weeks and months.

JW