ROC is finding support at these levels, and could break above .48 for its next leg up to .70 Fundamentals point to the upside, ROC is now a profitable oil company NPAT $26.5m Cash $40m little debt, production guidance 2.2m to 2.8m for full year....Low cost oil company @US17.07, hedging which disadvantaged Roc in the past is now only 150k barrels, the remainder of its production is at crude prices which are almost at record prices... Has great growth prospects especially BEIBU project which has substatial upside.... Stock in right place at right time, will be re-rated on upside....Accumulating at these levels
ROC Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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