March 23 Podcast
March 23 Podcast
Direct link to my March 23 podcast: https://www.youtube.com/watch?v=NlMOCOsEr2s
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: March 23 Podcast
I'm watching now. Just a comment on ROK for clarification:
ROK trades on the TSE exchange and US OTC as ROKRF
On the Toronto exchange the symbol is ROK and trades at 27.0 x 27.5 cents Canadian dollars.
There are also warrants to buy stock at 25 cents Canadian. So they are already "in the money" ROK.WT 6.5 x 7.5 cents
In the US the symbol is ROKRF and in US dollars about 20 cents. (27.25/1.36) = .20 cents
Dan,s TP of .64 cents is in US dollars. Adjusted for the exchange rate 1.36 is (.64 x 1.36). 87 cents Canadian and if that plays out over next year the warrant that are going for 7 cents now would be worth 62 cents (87 less 25 cent exercise price)
7 cents to 62 cents is 9 x , down side is the cost of the warrant of 7 cents >> I like the risk reward.
Obviously this forecast assumes firm oil prices and execution and expansion on valuation metric
Interesting opportunity and I'm in on it.
ROK trades on the TSE exchange and US OTC as ROKRF
On the Toronto exchange the symbol is ROK and trades at 27.0 x 27.5 cents Canadian dollars.
There are also warrants to buy stock at 25 cents Canadian. So they are already "in the money" ROK.WT 6.5 x 7.5 cents
In the US the symbol is ROKRF and in US dollars about 20 cents. (27.25/1.36) = .20 cents
Dan,s TP of .64 cents is in US dollars. Adjusted for the exchange rate 1.36 is (.64 x 1.36). 87 cents Canadian and if that plays out over next year the warrant that are going for 7 cents now would be worth 62 cents (87 less 25 cent exercise price)
7 cents to 62 cents is 9 x , down side is the cost of the warrant of 7 cents >> I like the risk reward.
Obviously this forecast assumes firm oil prices and execution and expansion on valuation metric
Interesting opportunity and I'm in on it.
Re: March 23 Podcast
Are the warrants only traded on Toronto exchange or are they available on US?
Re: March 23 Podcast
The warrants are only traded on the TSXV.
Re: March 23 Podcast
I can buy them thru Interactive Brokers