I agree its a bit of a dud deal for Roc shareholders. Of the 20,000 bpd production that they talk about Roc will be contributing 15,000 bpd of this. In the next 1-2 yrs IMO Roc on its own has more chance of paying a dividend and increasing its SP than Roc/Hzn combined. I think Roc will go a bit higher just before the vote when they talk up Malaysia and adjust upwards their bpd targets. Thats when I will reduce.
ROC Price at posting:
47.7¢ Sentiment: Hold Disclosure: Held
