ROK Resources

Submitted by cdnstonk t3_yga0qp in wallstreetbets

ROK.V - ROK resources - nice accumulation this week. Stock price up 20%+. Much higher prices to come. ROK market cap it still only around 1.5 years forward looking cash flow after you back off the net debt.

They just announced some operational results, not a huge add to the bbl a day - but extremely ecenomic and low cost. They also say they have 8-9 more locations for the same type of wells. I think the payback for these wells is about 3-4 months. Incredible

In the Q2 earnings call the CEO briefly discussed possibility of begging a dividend program or share buy back in Q1/Q2 - next year.

What does everybody else think? if there is interest i could show a full analysis to the group.

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VisualMod t1_iu7nmz7 wrote

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VisualMod t1_iu7nnhm wrote

>I think that ROK resources is a great company and I believe that their stock price will continue to rise. I also believe that they will begin paying dividends or buying back shares in the near future, which will only increase shareholder value.

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cdnstonk OP t1_iu7o5bv wrote

Replying to VisualMod (#306,140)

Thank you for your reply. I am new to making posts on reddit, but enjoy reading the content. I can provide further DD and analysis to the discussion if there is interest

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