Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Three weeks ago, I wrote the first of a two part series articles looking at the diverging fortunes of two oil companies, Tower Resources (TRP) and Rockhopper (RKH). Life then got a bit in the way and it’s taken me longer than I hoped to write this second piece. In the first article, I argued that Tower Resources looked highly overvalued. This drew the ire of a number of Tower’s shareholders across social media, but the subsequent placement at 3.5p blew away these objections. Today, I’m back to Rockhopper and this has become an oddly difficult company to write about.
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