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RMP OEL

I was of the opinion that the previous 4M bid at 9.4c had now...

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62strat

6,106 Posts.

18

04/03/15

09:10

Post #: 14855814
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Originally posted by ronstieb ↑

I recall a similar sized bid at 9.7c a week or two ago.
At the time there was another multi mil bid at 9.4c too.
They got pulled each close and reloaded the next day.
However the ~4mil @ 9.7c bid did gradually get filled.

Perhaps that bidder is now unloading at 10c, who knows.....?

I dont read much into it. OEL seems fairly priced around 10c until a few uncertainties are ironed out.

I wonder if they're seeking another farminee at 15% to allow a bigger buffer for contingencies, especially since RPM has chosen to cap their exposure to drilling costs.

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I was of the opinion that the previous 4M bid at 9.4c had now moved to 9.9c post the 6.4c cap ret notice. The 3M odd bid at 9.7 got filled piecemeal prior to that notice.

RMP Price at posting: 5.2¢ Sentiment: None Disclosure: Not Held

OEL Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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