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Thanks for the reply. Makes sense. Certainly debt-laden cos to be avoided now and the sell-off is pretty indiscriminate.
Have to agree , been watching this stock for awhile and have been buying in this week , It’s cash rich business , great assets and great forward contracts . Does anyone think RRE will look at acquiring I3E . I’m in that stock as well .
Indeed we are well positioned.. no point fretting on the 6 pound swing from a couple of weeks, the larger macros at play now and impacting all markets. What a bounce will be for those lucky enough to load up at the 1450's... Maybe even a bigger bidder eyeing up RRE, who knows for sure it's all about seeing the growth opportunities
Duster. Hope so. To be fair AA doesn’t have until April in theory and any tax gain issues have already been wiped out , he needs to save the boat here. I can see an rns tomorrow but that will hopefully just about hokd the current price or at worst we are of 50p to 1450. Either way that £15 offer is a life saver. AA needs to suspend stock ASAP lol. I just come back from the pub ..... could have easily had a few more pints but put in a stop loss and made it home.
Munch
Both AA and RS were abroad on biz tbis week back Friday wete they in Germany I should have asked but thou better not
Expect some major new before end April
Any drop will just mean rockrose can pounce on opportunities with the cash pile and available facilities.
Didn’t China stop shorts and limit the size of sells to nothing larger than 10M yuan? Uk and us will have to do something similar
hedged oil for the year is 35% at 65 gas at 45p per therm for the year
Opec will cut to balance the demand if it dipped below 50 bucks it actually held up well today imho
Media causing panic about a flu virus.
And yes the fear is Cash will get used for capex, but even at these prices $20profit per barrel equates to $160M per year not including the tariff income.
I think if a global recession does happen my hopes are we have the cash to weather the storm and come out the other side triple the size, these times are what rockrose was built for and thrives on,Hence the name.
-rockrose is a plant that survives in harsh environments.
Greetings, first time here. This does look compelling given the discount to cash. But I do have some reservations, which I was hoping some of the more experienced oilers might be able to address. Thanks.
What in your opinion is causing the drop here? Purely fears of economic slowdown affecting the price of oil in the very short term? Are the prices only hedged for Q1?
If the global economy goes into recession and the price of oil drops further, how badly would it affect RRE? Say, if the price of oil went to US$20-$25 .
Also, how much of that cash will get eaten up by Capex over the course of the year?
Copies from twitter - '#RRE those hedges on oil and gas are looking an extremely good business by Andrew and his team. 35% of Q1 oil production hedged at $65.7 and 33% of gas hedged at 45p per therm for the entire year (double current price). #smartmove'
30 bucks a share think that would do it 400 mill and you only pay less than half that in reality
Stupid cheap or has it been driven down for the very purpose?
Whatever the chicanery anyone buying now will do very well imho