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Royale Energy Inc. Message Board

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  • solidrocksand44 solidrocksand44 Feb 25, 2012 11:23 AM Flag

    Boy was this a huge over reaction

    No you are wrong, it is more value for them to hold and sell later to Major OIL, because of the long term their acreage will still have every bbl of oil and value goes up.

    Another thing is it is so costly to produce oil north of Artic Circle per bbl basis. And only big oil with cash on hand can afford to spend the money for minimal return profits. Small company has to borrow billion dollars to develope North Slope Crude. Been there and done it in mid 70's so experienc is worth big bucks to be in the know....

    I have no idea how much this is worth to ROYL but it is good buy and great investment to market later...My suggestion is take some profit before the analyst go to work like buzzards on new born goat...

 
ROYL
1.18+0.03(+2.61%)Jul 1 4:00 PMEDT