The real value of this company is below 50 cents. They are great promoters but they have very little reserves. Do the calculations on their reserves. They have a lot of BLUE SKY built in their stock price. They HYPED Utah and that was total 100% BUST.
Sentiment: Strong Sell
Yep - been following that stock since 1996 and day traded heavy - some times just for pennies - but was able to grab the BIG one in May 2008 when I was on vacation and didn't know that I had sold my order @ almost $13. Placed the order which I held for around $2+ since I didn't have a laptop then.
I remember the "darlings" Boston Chicken, which reorganized under Boston Market, Rainforest caffee and many which went under "restructure"!
This stock in the current gas market and with sitting on AK can go well to $1.50 or below - with this FAMILY management which works for their partners, investors and it's own pockets - the share holders come last.
If I remember correctly, I got in at 1.17 some years ago. Royl just burned some investors a year or two earlier in Utah I think, took some big hits, could be a repeat in history. Rowdy was here than, if they go under a buck
somebody needs to check if there has been any reverse splits.
NAT GAS will become the major primary source energy, forget renewables for a while... USA reserves can last for more than 100 years, sooner or later they will start exporting, China will be first main target and then maybe Europe. Buy and Hold
used to trade this one a few yrs ago and now I see its really dropped off after a tough last 7 months for most in the business. Anyways, I picked up a starter for a trade based on the chart and am hoping for a nice bounce. Will it happen? It won't hurt too much if it doesn't so its worth the try.
And will go lower yet - their west coast gas investments wont brake even and the AK project/investment just sits!
Quit standing up for the management of this company. They have never come through on their promises in Texas with Brigham,Monterey Shale in Kern County,Utah and now Alaska. Management is mainly concerned about their salaries,stock options,car allowances and their private jets.
They always hyped the deals raised money and never delivered. They are out of luck now. Even profitable and successful exploration companies are hurting. These guys are out of cards and they are about to lose their fat salaries and perks... BOO HOO..Alaska was a joke even with Oil at $140.00 a barrel. They are not going to find anybody to fund them.. with debt ,equity and soon even limited partnership drilling money will dry up. There is no way their Sacramento Basin wells could make sense with Nat Gas at $2.85 in the the middle of the winter. It will be at $1.50 by summer.
Put a fork in it this TURKEY is DONE
Sentiment: Strong Sell
I agree that Q1 wont be famous on gas price declines but after 10k (hoping for a better year to year results) release there will be 3 monts until next 10Q report... i am not sure on pop and drop u may have next 3-4 months rising stock... in your opinion at this moment what could be the best news royal could get besides commoditie rising prices ? I know for example Dawson Geophysical merged with TGC Industries for extra 3d surveys arround USA and trying to fight the decline on demand..
technically u have a 65% aprox. decline from last max. a almost perfect 100% fibos retracement, there is a lot of risk for a short position here.
I agree, Q4 that should be impressive, Q1 will not be, I am in for a buy of 10,000 at this level, for a short term gain. and It will pop and than drop no matter how much fluff is involved. we are all here to make money.
Natural Gas can be converted to electricity arent they exploring this factor ? i think all the issues u mentioned are reflected in the stock already, this stock is all about great popping and great dropping and survive in the middle ^^ Looking forward to read next sec filling report 10k
really, long term play, for who, not royl, not in the position they put there company in, only option they have is to get out of the bad decision before the lawyers eat up all the profits. they where desperate to find somebody to fund them, desperate companies make bad decisions, at this point they are loosing money, with gas prices where there at and to make things worse no demand where 75% of the income is derived from California, this winter has experienced recorded high temps this winter in the region they are selling there gas. its kinda a no brainer
dont y get tired of short propaganda ? What scam are y talking about ? Alaska is a long term resource not primary.