Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A cursory glance at Ruspetro (RPO) would probably be enough to put off a lot of people. The share price has performed badly since the middle of 2012, and although a lot of AIM oil shares have suffered similar fates, Ruspetro has shed over 90 per cent of it value in those two years.
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Comments
wildrides
yep …… you’ve taken leave of your senses. Take a holliday and take Doc with you . I am told Siberia is nice this time of year . You can check out the drill pads and see if they are being truthful !
Just watch out for the Siberian Big Foot .
Gary Newman
Wildrides,
I know you’re not a fan of this sort of share, especially being Russia based, but if they can turn production in the right direction then i can see the SP going higher (horizontal wells could get that going the right way). In terms of the debt side of things, seems to be the way things are done in Russia with a lot of companies – rather than large-scale equity dilution.
I think I’ll give Siberia a miss though, hate cold places!
ATB
Gary