Hi All
I think this stock is a potential little gem. RTD have three projects with large exploration potential, two off shore WA and one in Alaska (if the parties agree to get on and work together, which hopefully might happen now?). Yes the price of oil is depressed at the moment but some analysts are arguing that the oversupply cannot continue due to profitability issues e.g. cost of production versus ongoing returns and the capex funding requirements in O&G projects.
IMO there are good executives on the RTD board now, who own RTD shares themselves and who appear to me to be implementing a financially responsible cost containment and growth strategy. At the moment the capital structure is reasonably tight. Current debt will be retired this year via concessions from the Alaskan government.
All the above in a company with an entry price range of .3 to .4c.
Of course there are risks with any company at the junior end so please do your own research.
Best wishes to holders and all IMO.
Chilloutman
Hi All I think this stock is a potential little gem. RTD have...
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Last
2.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.61M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.9¢ | $35.16K | 1.848M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 146296 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 1760016 | 3 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| PGY (ASX) Chart |