First RFE secured the acreage.... then RFE have been rather stagnant on the production front of these acres. We have been in a state of slow decline for quite some time now.
RFE NEED this money to FORGE ahead, and I don't mind taking one small step back in price to 32cents, (I am in for the long termer after all) - if it means that RFE can start some forward momentum. Momentum is all this company needs, it has everything else!
I hope DP is out of his little rut, and back on course with things. Timing of world events is on our side at the moment, re; oil prices, so DP had better not drop the ball now. He really needs to MOVE MOVE MOVE.
Also, agree Executives at RFE need a PAY CUT. They simply haven't been performing. What can we do about this? Can any of the Top 10 do anything about this?
WB, thanks for your posts, I often need that dose of positive.
Waterfrontage - are you out there? I am interested to hear what is your take on this situation?
RFE Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held