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When I looked at the amount of share in issue of RRE I was flabbergasted- 13.09m unbelievable.
Oilprice.com were predicting $1 a barrel oil a few days ago. They have been a relentless dirge of just unbelieably bearish articles predicting ever more absurd apocalyptic scenarios. The even managed to spin the OPEC meeting as bad news- predicting $10 oil after it failed.
They aren't a credible source any more- they are not balanced, they obviously have some sort of vested interest in talking oil down. Bet you when they change the record it'll all be articles saying oil is going to go to $100
TFT - lol at that oilprice article, there are dozens of articles on that site all contradicting each other, truth is no one knows what the market will look like, what i do know is that RRE is undervalued and therefore its a buy. Low shares in issue, low costs, no debt, directors hold a lot of shares, money in the bank, dividends, and ability to ride out the storm.
TFT - lol at that oilprice article, there are dozens of articles on that site all contradicting each other, truth is no one knows what the market will look like, what i do know is that RRE is undervalued and therefore its a buy. Low shares in issue, low costs, no debt, directors hold a lot of shares, money in the bank, dividends, and ability to ride out the storm.
TFT, Put your short on now I say ...... do you have the gonads ... in fact do it on ALL O&G why don't you.. didn't think so.... lol
You have just been asked to try and suppress the rise for your bosses. Massive news due any day now for RRE next acquisition imo
https://oilprice.com/Energy/Crude-Oil/Why-The-OPEC-Output-Cut-Is-Irrelevant.html
Have a read
Get the tissues out, put on a nappy because you will be spending a lot of time on the toilet
"CEO who has skin in the game and is sharper than you or I ...."
Agree .... but a little like the questions being asked atm about the exit strategy for the virus .... what is AA exit strategy ?
There is no way he could sell his shares on the open market at circa 5000p (£50) So how would he exit ?
The only answer is to sell the whole company. But to do that not only do market conditions need to be right, but also the company does too. So imo, AA will acquire at least one more large UKCS acquisition via RTO that is able to operate in harsh economic conditions, plenty of cash, stack of FCF, no debt and shed-loads of organic growth potential. Bolt onto this several 'small' deals and you have a ready made package for sale most probably to a PE backed outfit in 2021/22.
Remember £50ps is a company valued at only c£650m, a company that could be producing >70kboepd, with reserves of >180mmboe and exceptional FCF .
£50ps appears a long way away atm ... though that can very quickly change as pre Marathon acquisition holders can concur.
aimo
1750ml
Where are they all coming from?
Thefuturetruth
Correct, the oil market is depressing. But that brings opportunity. A company like RRE with no debt, loads of cash and a CEO who has skin in the game and is sharper than you or I means we, more than anyone else, are positioned to take advantage of those opportunities. £50 is a long way off, but I wouldn't bet against it.
Now go and do your homework.
idiot doubling rate on the increase again today ... must be an R0 of well over 3.
55018 thanks for the advice I must remember to buy high and sell low very much appreciated
Thefuturetruth you would have lost a lot of money in the last month buying when others were selling. Looks a better base to be buying now. The markets look further ahead as do good investors.
Danawinner thank you for the advice as the old saying goes when everyone is buying you should be selling and when everyone is selling you should be buying.
Thefuturetruth good to see that you want to get on board.
RRE was North of £20 in January and should continue to improve over the next couple of years - time will tell.
£9 per share to buy now, best to get buying before you miss the boat.
£50 may be optimistic, but look at how the SP has performed since inception.
you're failing to recognise how unprecedented production cuts will hugely boost oil price...
£50.00 share in a Looming bear market with the largest recession or depression the world has seen, great to see reality is alive and well. A great stock is rockrose but ramping like this should be reserved for the tullow lads. Lol £50.00 a share a global oil demand for the next 24 is at rock bottom, there will be more demand for olive oil