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ROK Resources Inc V.ROK

Alternate Symbol(s):  ROKRF | RKRWF | V.ROK.WT

ROK Resources Inc. is primarily engaged in exploring for petroleum and natural gas development activities in Alberta and Saskatchewan. The Company’s diversified asset base in both Southeast Saskatchewan and Alberta is weighted to light crude with opportunities for natural gas development in the Kaybob area of Alberta. Its core assets include Southeast Saskatchewan, which comprises oil weighted conventional Frobisher and unconventional Midale prospects and covers over 131,000 net acres, and Kaybob Alberta, a gas weighted, stacked multi-zone reservoir with upside locations in the Cardium, Montney, Bluesky and Dunvegan formations. The Company covers over 75,000 gross (45,000 net) acres in Kaybob.


TSXV:ROK - Post by User

Post by hawkowl1on May 13, 2022 11:43am
267 Views
Post# 34681733

Nice move today

Nice move today

I added at open. 

People looking at ROK see significant future dilution with options and warrants but overlook fact that despite share count approaching 350 million  shares outstanding therefore I use that number and still get a cash flow  of .20 cents per share. Slap on a conservative 4 times cash flow and this is easily an .80 cent stock by year end or early 2023. Nothing is cheaper than ROK at the moment IMO.

At some point in time I would like to see a share roll back in 2023 to  attract attention from institutions.
With a higher share price company could use their shares to make another acquisition.

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