ROK Resources Inc V.ROK

ROK price projection from White Tundra Investments...

[cuffy54]

...shows a 200% share price increase even with oil at $70 / barrel...outstanding hedges...

[cuffy54]

...oops sorry...my pasted picture did not take...so... ...one needs to go to White Tundra Investments wesbite...click the "dashboards" tab...then click on "data visualization"...then click on ROK on the right side to see their price projections...

[windymayor1]

Thanks Also on targets he states $1.04 @ $70 oil and $4.50 gas. With hedges in place I think the $80/$90 oil is more realistic with target prices of $1.14/$1.21. A triple price increase is nice.  

[bullhorn3]

That is quite a prediction. Oil still has a long way to go to reach $70 and ROK is dropping in step with oil. Tell me again about hedges, predictions from analysts, etc. How do you spell 'hype'? ROK may yet meet those targets but later, possibly much later.

[windymayor1]

Hedges are between $113 US for April '22 and $73 US for Jan '24 so an average of $93.61 on 925,000 barrels. Thats about $86 mm US on their current 75% oil production. Research Capital targets $0.55 and Beacon targets $0.85.  Recent interview with Adelaide Capital the mgt stated they expect to grow SE SK by 1,500 boe/d and Kaybob by 1,500 so thats an easy double of current production

[Poise1]

Agreed..

[bullhorn3]

Would you buy a company whose next quarterly report will be excellent, but then drop like a rock as high-priced hedges expire? If yes, I'll be that you would wait until the next quarterly report is about to be presented, then short the shares. If oil keeps dropping, look back at 2020 and see what happened to EVERY O&G company. Maybe Biden is just manipulating WTI to fall and when he is

[windymayor1]

Talk to you 2 years out then when they r producing close to 9,000 boe/d. Mgt has done this 4 times in the past during the 2008 and 2014 corrections and have given shareholders a 3x return on investment. I am not a short term speculator nor is this a sinking ship. 

[bullhorn3]

I still own ROK.WT, but sold all common shaares. This way, less money is tied up for those 2 years. I'll bet ROK has a bright future, I'm just uncertain about the near term. Depends on Biden, COVID, recession,.... but long term ROK should be good unless company is sold for low price while in the doldrums.

[windymayor1]

And again ROK has not sold for less than $65,000 per BOE in previous doldrums. One of the companies sold for $100k per boe. Saturn paid , I believe , $65k per boe recently for their latest SK acquisition.

[windymayor1]

At that boe price and production ROK would be valued at $1.77/sh on 329 mm shares F/D. .

[bullhorn3]

I suggested the possibility that WTI will continue to drop for several reasons. In keeping with this thought, I assume that those $/BOE/d were from 2020.

[Winnipeg40]

The interesting thing about ROK is their hedges pay off their debt so, once their hedges are done, they are pretty much debt free.  Completely a different Company than today ready to grow or give funds back to shareholders

[EricsPicks]

Exactly, but I do believe in the near term, play the swings. I see it back in the high 20's before it sees the 40's. As debt gets paid down though, true value will come out, for those holding long, or buying the warrants, I think you will do well. I have plenty and will buy and sell depending on how I see the stock moving