OK Bazza - let me be more specific. On the fundamentals of PE Ratio, earnings forecasts, cash in bank and deficits, Roc is underpriced in comparison with its peers. This means that there is less positive sentiment about Roc than its peers, which is what I mean by "out of favour".
Roc does not need to make any acquisitions. They've demonstrated that they can build strategic alliances with other o&g producers and develop fields from exploration into production in order to turn a profit. I prefer this approach than growing by acquisitions - its too easy for acquisition targets to put lipstick on the pig!
ROC Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
