This message board is crawling with shorts. Ignore them and do your own thinking. If today's low wasn't above my own cost basis, I would've bought more. Hold tight and ignore the negativity.
Rosetta reported great well results today. There is nothing happening operationally at the company to justify this plunge. No investor holds this company for this quarter's earnings. When you invest in small oil stocks, you have to be willing to stomach these periodic bear raids. If you can't, don't invest in this sector. Oil is making new highs. Rosetta has plenty of oil in the Delaware Basin and the stock will follow oil. You just have to sit through the volatility. Investors will be paid. Traders will be burned.
This is not a pump operation. Total paid good money for the adjacent parcel in Weald. But Magellan has a CO2 project that in 2-3 years after full development, could be pumping 1 million barrels a year with low decline, perfect for a royalty trust.
In the past three fiscal years ending in December 31, 2014, JNJ spent $16.4 billion buying back their own stock, and yet somehow in that time managed to grow the diluted share count by 88 million shares. Hmmm. So what happened to all those shares and where did the $16.4 billion they "returned" to you. Did shareholders get the money or the shaft?
It's worth mentioning that Total bought into UK shale last year with a big purchase and some of the land is adjacent to PEDL 137.
Not only are you both rude, you're short a market about to rip to the upside. ROSE is going a lot higher and fast. XOP was up over 4% today. When it does, I'm sure you fools will crawl back under your rocks.
Mgmt bought over $1 million worth of stock in February at market prices, above today's price. IR presentation this week. Wonder if we hear something positive on well results.