an upcoming strategy would be a good release from management, hopefully along the lines of what i suggested recently. this should show investors oil production will be a primary focus for cash flow, reserve upgrades for EOK not production, and possibly the finances that show NO capital raising is required, should perhaps also mention the small share base and top20 holding tight.
one thing to remember here is RFE is producing very little gas in the scheme of things, gas price shouldnt effect RFE too much at this point, even at these prices we still make a profit.
SC, volume would be nice, fair start this morning, over 100k available at 41.5c for 2 minutes before it got wiped out.
holders, got the trades from friday 1/10/10 to peruse. a total of 141337 shares were traded, these are broker figures only Amro purchased another 68337 shares to go with the 150k from the previous day, looking at data for September these are the only 2 days they purchased but will keep an eye on this. Etrade bought 30900 but sold 40000, interesting?? Commsec bought 19482 but sold 937 Meryll Lynch bought 7000 Australian Investment Exchange bought 10000 Timberhill Australia bought 5000 Hartleys bought a whole 618 shares???? $250 trade
BTIG Australia sold 70000 Andrew West sold 30400
RFE Price at posting:
41.0¢ Sentiment: LT Buy Disclosure: Held