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ROC - Roc Oil Company

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Re: ROC Oil

Hi Guys,

ROC, is nearing its trendline... volume picking up... should see some upside bullishness coming through... very, very soon...

Cheers,
sis
 
Re: ROC Oil

It's slowly been trending up from May, I'll put on my list for Monday - but North, South or sidewards.
 

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Re: ROC Oil

Redwing,

ROC has been in an ascending triangle for a while now. It tried to break out up-side, but keeps falling back in.

Don't know which way it will ultimately go yet.

Cheers,
GP
 

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Re: ROC Oil

Thanks for the charts guy's..

After the last two price movement's on the chart ( the double highs) i'm wondering whether it will 'fall' again or coninue on it's upward trend. They seem to have held value, and have growth prospects even considering it's recent loss?


after a quick look i found-

Activity Summary - Roc Oil (ROC) is a Sydney-based international petroleum exploration and production company. The principal production asset is the Saltfleetby gas field in the UK, while the group has a very broad exploration portfolio including acreage in Western Australia, Mauritania, Equatorial Guinea, Angola and China. The Cliff Head oil discovery offshore Perth and Chinguetti offshore Mauritania should come on-stream in 2006, while Tiof could start in 2008.



REDWING
 
Re: ROC Oil

Looks like ROC couldl be one for the future, I get nervous though with companies that spread themselves around the globe in countries that are not exactly stable. Obviously you are looking for something long term there are however a lot of things that can happen between now and 2008. Who knows what the next couple of months will be like, I am getting out of most things apart from a few specs and a few with divvies. I think i'll come back in a bit later this year when a few better opporunities may be around , although I will definately keep a close eye on ROC maybe a few quick bucks can be made who knows. There are thousands of stocks and opportunities its just a matter of chosing the right ones - good luck.
 
Re: ROC Oil

Hi Guys,

have been trading ROC last month quite very frequently, this month have touched the stock, its just not moving, T/A to me in the recent week hasnt been to interesting, will jump back on this stock, in later times, when the T/A and signs of positive trading growth... are looking strong and when the uptrend is much more clearer...

Cheers,
sis
 
Re: ROC Oil

I believe it will move upwards again.. i believe it's mixed up withWoodside in the drilling off Mauritania due in Sept.

may have 'potential'?

REDWING
 
Re: ROC Oil

Spot on RedWing. IMO, the market seems to be awaiting the drilling (to start in a few weeks from what I recall).

Hardman Resources & ROC etc will probably have a jittery ride as the results come through as they are not as diversified as Woodside. Hopefully the first news will be positive- BUT YOU NEVER CAN TELL!!!

So everyone's being cautious. Look at what happened to Hardman HDR last month! It still hasn't recovered although everyone knows it's going to break $2 at some stage since it has so many interests around the world and at least some of the drilling will be positive considering the extent of the activity. Roc has a much smaller stake but it looks like it's got further to run, judging by the recent uptrend- all depends on the news.

RichKid
 
Re: ROC Oil

FYI:
The Mauritania drilling starts today on the west navigator and shortly after the 15th next week on the stena tay.

Have a nice weekend

PS: Holding HDR.

Have a nice weekend

Stefan
 
Re: ROC Oil

Yep, saw the newsrelease too. lots of movement to be expected over the next few weeks in all the shares related to the venture. Funny how Roc fell on the news, maybe just jittery investors getting out and clearing the decks for what's to come (ie another shot at the resistance level). I like HDR too but maybe ROC has more upside? Might post more on HDR in the other thread.

RichKid
 
Re: ROC Oil

Lot of buyers and not too many sellers, I've taken the plunge at $1.64 waiting in the queue currently, the more I check this company out the more you find its not just Africa. Even if Mauritania is not as expected there is other potential, but the expectation seems to be that Mauritania will be positive.
Lets see.
 
Re: ROC Oil

Out this afternoon @ 1.69 a nice little pick up, did not expect it to fire up so quick, if I had been here I might have got 1.70/71 well thats life. Will look for some weakness tomorrow - I say that with a lot of hope though.
 
Re: ROC Oil

ROC hit a high of 1.78 today although close was at 1.74 still not a bad move in a week does anyone have any further opinion on ROC i.e. does anyone see $2.00, HDR seemed to really kick today as well, see you all next week having a few days off.
 
ROC

Hi,
I sold all my roc after they released their annual report about 6-8 week ago. Clearly this was the wrong thing to do. Does anyone know why it is so popular? The annual report looked aweful to me. However the analysts still rate it as strong buy.
 
Re: roc

I have no idea what the annual report said, but I would say that the popularity is because ROC is part of the Woodside, Hardman joint exploration group currently drilling in Mauritania. Oil is in high demand and as such, oil stocks will get some attention. ROC is in its early stages and therefore obviously considered good value for money by investors as long as they keep finding oil. I don't follow it at all, but I do hold HDR so I know that they are part of the drilling project which currently gets some good result.

Happy trading

Stefan
 
Thar she blows...

Now ain't that a pretty sight

Cheers,
GP

[I hold]
 

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I was hoping for some more recent information on ROC but it doesnt seem to be. The last post is 2 years apart. Well I'am a heavy believer in postive cash flows. If i dont see it or there isnt a high chance there will be in future, I dont put my money in it, not for long term neway. ROC seems a little disappointing on their last financial report side but their future seems very lucrative. Many a companies are tied with ROC ventures and ROC has a substantial stake in most of them. Their share price has gone up regardless of what has happened to the rest of the market in recent weeks. Once the volatility dies down and some bargain hunters and ex-sellers return to the market, flooding the buy side we might see ROC reach even higher levels. I think only one oil field is currently in production Cliff Head Oil Field which IMO eases off the belief that being valued at nearly 1 billion, isnt too highly overvalued.

Time will tell if I'm wrong or not.

CHEN
 
I've been keeping an eye on them too. Looking for a decent push above $4.50 or so.

Cheers,
GP
 

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