im in rrl at 10 and i agree with this. There is no reason at the moment for its rise.
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im in rrl at 10 and i agree with this. There is no reason at the moment for its rise.
then all of the oil stocks would be rising but there not
Soldato
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The rise on RRL comes after their Texas fracturing deal, which isnt massive news. I dont see them as too expensive, Im not selling or buying more but this is why Im holding. It is uncertain how high it can go or where to buy now its risen so much
I'd far rather buy RRL then DES though, why not buy RKH instead since they have a share of DES production anyway plus have fallen so much after finding oil that they could be considered far more risk free with good potential upside
RRL vol today is 50 mil I think, decent but not the 100 mil seen previously. I've been waiting for a bigger pullback but its not really happening, it would take a lot of selling off of all this past volume to drop to near 10p. Theres a lot of people in the queue on this one, really you want some nasty news to scare them off thats ultimately not important. Probably best to look elsewhere while you wait, its probably a reasonable investment still hence I hold not expecting it double
CAD and its recent 36 pullback and rise, I do like that a lot though Ive watched it for far less time. For me it has a nice chart and recovery and matches news of a big seller
Might buy some more BP here maybe, after selling all previously. Nice to keep hopping on and off this one in relative safety I reckon, not overvalued
I'd far rather buy RRL then DES though, why not buy RKH instead since they have a share of DES production anyway plus have fallen so much after finding oil that they could be considered far more risk free with good potential upside
RRL vol today is 50 mil I think, decent but not the 100 mil seen previously. I've been waiting for a bigger pullback but its not really happening, it would take a lot of selling off of all this past volume to drop to near 10p. Theres a lot of people in the queue on this one, really you want some nasty news to scare them off thats ultimately not important. Probably best to look elsewhere while you wait, its probably a reasonable investment still hence I hold not expecting it double
CAD and its recent 36 pullback and rise, I do like that a lot though Ive watched it for far less time. For me it has a nice chart and recovery and matches news of a big seller
Might buy some more BP here maybe, after selling all previously. Nice to keep hopping on and off this one in relative safety I reckon, not overvalued
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Ummm, you can't include AIM shares like RRL (or DES, for that matter) in an ISA as far as I know.
Caporegime
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Cheers for the heads up, i've been out of the RRL loop for a while now, think i'm going to wait till Monday before i do any more trading, will give me time to catch up.
I've always been in two minds about DES, am i right in thinking this next drill is a make or break situation?
You can put RRL in an ISA, it's dual listed.
I had seen that as RRL were ASX they were ok for an ISA... will double check now
EDIT
Thought so - http://www.stockbrokers.barclays.co.uk/content/misc/landing86.htm
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Interesting.
Soldato
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The rule on ISA is the stock must be listed on a main stock exchange. AIM doesnt count, its a special deal but some aim stocks are listed elsewhere which qualifies them. CLF and EMED is listed on TSX
LSE is merging with TSX though which might get confusing. Generally that should be good, Canada is like Russia for commodities but a lot more friendly obviously
DES can always raise more money I guess, confidence counts for a lot there I think. Many of these stocks are like castles in the sky
RRL shows 222% up for me now. Im very bad at selling too early so this is a rare exception for me
Shame I sell Japan just as it shows the largest fall of the year lol Sterling strong recently which is crap when bringing money home also
Other beat up stocks as of late are CEY which is Egypt gold and GKP of course Iraqi oil and HOIL. All more valid to look into I reckon. Gold is reaching new all time highs, its likely not overvalued, of course you know oil and iraq makes for a discount
LSE is merging with TSX though which might get confusing. Generally that should be good, Canada is like Russia for commodities but a lot more friendly obviously
DES can always raise more money I guess, confidence counts for a lot there I think. Many of these stocks are like castles in the sky
RRL shows 222% up for me now. Im very bad at selling too early so this is a rare exception for me
Shame I sell Japan just as it shows the largest fall of the year lol Sterling strong recently which is crap when bringing money home also
Other beat up stocks as of late are CEY which is Egypt gold and GKP of course Iraqi oil and HOIL. All more valid to look into I reckon. Gold is reaching new all time highs, its likely not overvalued, of course you know oil and iraq makes for a discount
Soldato
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Show me the green RRL! 
CRND is also back up a little bit so hopefully it will continue to rise.
CRND is also back up a little bit so hopefully it will continue to rise.
Associate
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OM i just made my first £10
RRL up 12% this morning already
yeah - still strange on the back on no news - no doubt if this rise continues today will see some profit taking after lunchtime etc.
It's an odd one. It looks like there were a couple of big purchases which seem to have been made by HSBC on behalf of someone.
Someone seems to know something!
Near enough, Ninky (Nisky?) is their best prospect and has been since the start, hence there is some speculation as to why it was left to last. If it proves to be a failure, they'll have to push the 3D on other areas or wait to see what Rockhopper do in regards to Sea Lion and the possible extents of that reservoir. Desire do have quite a large chunk of sea area so it wouldn't be game over but they'll have to back to the drawing board and push further investigation work before being able to make their next move. That's my understanding anyway.
Shares went up yesterday and day before so it seems buyers are returning on the basis of the new drill. As before If it goes the way of Jacinta before where share price rocketed in the days before the drill it's not unfeasible that it'll break 100p before they even announce the resultsof the drill.
i would be out well before then with my money/profit!!!
Well if you're going purely on the previous history then you should theoretically at least double up by purchasing under 40p ps. However, it's a punt because people may not start buying in given the circumstances before (ie DES saying they had oil, then next day it's water) and price may not rise that much.
Caporegime
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Cheers, might be in before the weekend.
In other news latest MTV RNS shows we are making inroads in the USA, great news, if we can crack the states my million shares are going to make me a very happy chap!