Ben Assess roc for what it is today relative to SP ,not what you...

Ben
Assess roc for what it is today relative to SP ,not what you bought it for .
To give you an example, if I bought stock X at 2 dollars but for whatever reason it's worth subsequently ended up being 50c and the Sp followed down , then I simply either paid too much or things changed dramatically .
Now if that stock has recovered value wise to let's say 90c , buying it at 50c would present a great opportunity . Stock valuations are dynamic , just because they destroyed wealth 4-7 years ago doesn't mean the company will not do well now and create wealth

A while ago you mentioned you had bought Roc at around 2 dollars and you hoped it would get there ,I replied and said 2 dollars as unlikely on current assets . Well the recent JV in my view on an upper case success scenario could add a dollar to the Sp. They have almost 40 million of 2c boe 2c resource , if they could convert 20 m ( only half ) into reserves then a 1.50+ SP would be a real possibility

I try not to make investing too emotional - I have often lost money in a stock only to buy that same stock much lower and make more than I lost . Examples include PRU , BCC, AVB . Roc is an entirely different company to the ROC you bought many years ago , different assets , different management , different focus and very different balance sheet and financial metrics. Today ROC is none of the most undervalued oil stocks on the market , while at the same time due to its big cash position offering downside protection . The next 1-2 years will be transformational IMO .