roc double bottom , page-2

The mentality here is hilarious, and makes about as much sense as the market as a whole in fear mode. Nobody knows what the hell is going on with value any more... it's like the fundamental cash generation of a company means nothing whatsoever, and a movement in the price of oil from an all time high, to a high that way made a couple of weeks ago justifies selling one of the countries best placed producers to profit from these huge oil prices. Let me get this right...people as ascribing the same value to ROC as they were in mid 2005. Now for those with a short term memory, we were dealing with a spot price on the NYMEX of around $US55.00 per barrel. So on a very basic level, not taking into account any potential that the company has via its largest drilling and exploration program ever, or the new projects that have started since then, the 140% increase in its terms of trade account for nothing?????

WHAT AN ABSOLUTELY RIDICULOUS SHARE PRICE!!! No this can't and won't last. Somebody somewhere with an oil company will see the ridiculous for what it is, slap themselves in the face a few times to make sure they're not dreaming, and simply buy a commanding stake in the company and be done with it.