GREY:RNSFF - Post by User
Post by
ferret_caon Nov 08, 2017 11:09am
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Post# 26925423
resistance to support
resistance to support
I'm happy to see roe trade some significant volume for a while in this low .30ish range. it traded here for a while previously and is a point of resistance for now barring more good news shortly. as bases here on volume it will swap to a support base as we move up from here as things progress. I'm no technical pro and maybe someone will correct me on my analysis here.
this is a good entry point for anyone looking to jump in or add imho, huge upside from here, especially when you compare the metrics of the amatitlan field to the eagle ford in texas, amatitlan is 3x as deep with basically the same quality of oil.
the high royalty rates on 2 of the 3 chiapas properties, not the amatitlan, from what I was told they are still negotiating the rates for amatitlan. they are also trying to renegotiate the other higher rates on the chiapas blocks from what I understand.
cheers ferret