Opec want oil at 70 US per/b and should consider cutting oil production in March meeting. I think in the short term, oil should trade b/w $38 to $45US per/b at least for the next three months until supply meet demand.
I brought more ROC shares at 40c. I think the SP should rebound next week just before the release of Finance report. If the stock is good, shorters usually run for covers.
I will watch the market closely, should it drop to 35c!!!very huge discount, I will top up some more.
Best of Luck anyone.
ROC Price at posting:
37.0¢ Sentiment: None Disclosure: Held
