From the IV BB Re: What's Up With Rock Energy.....
Rock has been one of my better performers in the past 6 months. I have been following it since $1:50 and have been trading it along the way. Currently hold an overweight position waiting for news on Q4 and recent drilling in Mantario and Onward, added last week on the dip in price.
RE is thought of as a heavy oil company suffering all the pains associated with WCS and Edmonton par differentials. Currently they are proving up sections at Onward adding Viking light oil reserves, production and lots of interest from neighboring companies (RRX). Look for current production > 4000, improving netbacks, increases to reserves, actively drilling 40 acre step out locations at Mantario, upcoming water/chemical flood and future plans to infill at 20 acre spacing. In short they are a 39 mm share company tightly held and well informed share holders who know that what they have is worth well north of what share price is. Look for new guidance and action plan for H2 2014. All this for $200 million! (market Cap) What's not to like.