Tradefair & Financials
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Regal Petroleum (RPT) - oil stock with main reserves in Ukraine. Had a very difficult year with share price falling from £1 to 17p. Bad management, difficulties with the local regulators had led to the fall but a takeover looks imminent before christmas/early january. Shell rumoured to be involved. Take over price could easilt reach 60/70p....well worth a punt imo
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Nochance imo.
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I recently bought Heritage Oil, which i hope is a less riskier proposition. They have potentially billions of barrels in Kurdistan, plus other assets. The share price is depressed because of a CGT dispute ongoing over assets they sold to Tullow in Uganda.
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heritage oil listed on lse is £17 a share so it better be less risky.
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Think thats the wrong one Money tree, its about £3.40 as we speak. HOC i think
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lol bit of a difference.
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whats ur basis for saying "no chance"?
ps any value in Heritage has been taken years ago...if ur going kurdistan then Gulf Keystone is still great value at 1.80 |
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the 52 week high is 99p cant see a takeover paying much with the current situation.
good luck to you though. |
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Hope you made some money on these 15Stone10Lbs. I bought at 16p and have just sold at 25p for a nice healthy profit in a few weeks. May be much more upside but will wait for the New year before buying again. Had them on a watchlist for sometime - Regal that is
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takeover offering 24p
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